Avino Silver & Gold Mines reported third quarter 2026 revenue of $33.4 million, significantly exceeding the $16.85 million analyst estimate due to a 66% year-over-year increase in realized silver prices. Adjusted earnings of $0.08 per share beat expectations, though GAAP net income of $0.03 per share fell short of the $0.06 estimate. Management lowered full-year 2026 production guidance to 2.2–2.5 million silver equivalent ounces, citing mine sequencing changes at Avino and the processing of lower-grade development ore at La Preciosa.
Key Highlights
- Revenues surged 59% year-over-year to $33.4 million, with 55% of revenue derived from silver at an average realized price of $63.33 per ounce.
- Silver equivalent production reached 582,836 ounces, a slight 2% increase over the prior year but below analyst expectations.
- Consolidated all-in sustaining costs (AISC) per silver equivalent payable ounce increased 44% to $34.71, driven by lower-grade ore processing and reduced production volume.
- Full-year 2026 production guidance was revised downward from 2.4–2.7 million to 2.2–2.5 million silver equivalent ounces.