Avino Silver & Gold Mines reported a significant revenue beat for the third quarter of 2026, driven by operational expansion and favorable metal pricing. While revenue reached $33.4 million, nearly doubling analyst expectations, net income declined year-over-year to $6.1 million primarily due to a sharp increase in income tax provisions and derivative losses.
Key Highlights
- Revenue surged 59% year-over-year to $33.4 million, substantially higher than the $21.0 million reported in the third quarter of 2025.
- Mine operating income improved to $14.8 million, up from $9.9 million in the prior year's period, reflecting higher realized prices and production scale.
- Basic EPS of $0.04 missed the consensus estimate of $0.06, impacted by an effective tax rate of approximately 50% for the quarter.
- The company’s cash position significantly strengthened to $138.2 million as of September 30, 2026, compared to $101.7 million at the end of 2025.