{"success":true,"data":{"pressRelease":{"id":"116508","rtpr_id":"nACSx0Qppa","ticker":"ASM","exchange":"NYSE American","all_tickers":["ASM"],"title":"Avino Reports Q2 2026 Financial Results","author":"ACCESSWIRE","published_at":"2026-08-12T11:00:05.116Z","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / August 12,\n2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a\nlong-standing silver producer in Mexico, announces its unaudited condensed\ninterim consolidated financial results for the second quarter of 2026. All\namounts are in U.S. dollars unless stated otherwise.\n\nSecond Quarter 2026 Financial Highlights\n*\nRevenues: The Company achieved $26.8 million in revenues for Q2 2026, an\nincrease of 23% from Q2 2025. 54% of revenues were derived from silver\nproduction at an average realized price of $68.90 per ounce.\n*\nMine Operating Income: Mine operating income was $13.0 million, an increase of\n27% from Q2 2025.\n*\nNet Income: Earnings, or net income after taxes, was $10.9million, or $0.06\nper diluted share, an increase of 281% and 200%, respectively, from Q2 2025.\n*\nEarnings Before Interest, Taxes, Depreciation and Amortization (\"EBITDA\")(3)\nand Adjusted Earnings(3): EBITDA was $12.6 million, an increase of 69% from Q2\n2025. Adjusted earnings were $11.1 million, or $0.06 per share, an increase of\n26% and unchanged, respectively, from Q2 2025.\n*\nStrong Cash Provided by Operating Activities and Operating Cash Before Working\nCapital Adjustments(3): Cash provided by operating activities was $13.3\nmillion, an increase of 59% from Q2 2025. The Company generated operating cash\nbefore working capital adjustments of $8.3 million, an increase of 32%\ncompared to Q2 2025.\n*\nMineOperating Cash Flow Before Taxes: Mine operating cash flows before taxes\nwas $14.4 million, an increase of 28% from Q2 2025.\n\n\"During the second quarter, the Company continued its main focus of advancing\nLa Preciosa while free cash flow from Avino further adds to the balance sheet\nquarter after quarter,\" said David Wolfin, President and CEO. \"With La\nPreciosa development material doubling in mine and mill throughput during the\nquarter, our transformational growth plan toward becoming a Mexico-focused\nmid-tier primary silver producer remains on track, and we continue working on\ndelivering long-term value for our shareholders.\"\n\nSecond Quarter 2026 Operating and Financial Highlights\n\n Highlights (In US$, unless otherwise noted) Q2 2026 Q2 2025 Change YTD 2026 YTD 2025 Change \n Operating \n Tonnes Milled 184,293 190,987 -4 % 369,790 358,840 3 % \n Silver Ounces Produced 267,305 283,619 -6 % 530,632 549,300 -3 % \n Gold Ounces Produced 2,178 1,774 23 % 4,029 3,999 1 % \n Copper Pounds Produced 729,929 1,461,980 -50 % 2,073,583 3,065,323 -32 % \n Silver Equivalent Ounces (1)Produced 534,945 645,602 -17 % 1,103,057 1,324,060 -17 % \n Concentrate Sales And Costs \n Silver Equivalent Payable Ounces Sold (2) 387,142 676,453 -43 % 870,866 1,244,334 -30 % \n Average Realized Silver Price per Ounce Sold $ 68.90 $ 33.85 104 % $ 74.62 $ 33.30 124 % \n Cash Cost per Silver Equivalent Payable Ounce (2,3) $ 28.62 $ 15.11 89 % $ 26.31 $ 13.97 88 % \n All-in Sustaining Cost per Silver Equivalent Payable Ounce (2,3) $ 38.75 $ 20.93 85 % $ 36.52 $ 20.54 78 % \n Cash Cost per Tonne Processed (3) $ 74.72 $ 52.61 42 % $ 69.36 $ 52.29 33 % \n All-in Sustaining Cost per Tonne Processed (3) $ 96.01 $ 73.70 30 % $ 93.40 $ 75.33 24 % \n Financial Operating Performance \n (in 000's) \n Revenues $ 26,787 $ 21,805 23 % $ 66,220 $ 40,641 63 % \n Mine operating income $ 12,971 $ 10,224 27 % $ 36,389 $ 20,786 75 % \n Net income $ 10,899 $ 2,864 281 % $ 26,812 $ 8,481 216 % \n Earnings before interest, taxes and amortization (\"EBITDA\") (3) $ 12,559 $ 7,432 69 % $ 38,090 $ 17,130 122 % \n Adjusted earnings (3) $ 11,125 $ 8,837 26 % $ 35,462 $ 18,592 91 % \n Cash provided by operating activities $ 13,260 $ 8,350 59 % $ 26,892 $ 9,108 195 % \n Operating cash flow before working capital adjustments (3) $ 8,254 $ 6,269 32 % $ 26,943 $ 13,630 98 % \n Mine operating cash flow before taxes (3) $ 14,419 $ 11,273 28 % $ 41,132 $ 22,670 81 % \n Per Share Amounts \n Earnings per share - diluted $ 0.06 $ 0.02 200 % $ 0.15 $ 0.06 150 % \n Adjusted earnings per share (3) $ 0.06 $ 0.06 - % $ 0.20 $ 0.12 67 % \n\n Liquidity & Working Capital (in 000's) June 30, March 31, 2026 Change June 30, December 31, 2025 Change \n 2026 2026 \n Cash $ 144,183 $ 138,646 4 % $ 144,183 $ 101,724 42 % \n Working capital (3) $ 140,774 $ 139,724 1 % $ 140,774 $ 99,562 41 % \n\nLa Preciosa Milestones\n*\nSteady Progress & Increased Development Production: Ongoing extraction,\nhaulage, and processing of mineralized development material from La Preciosa\nwas above plan in Q2 2026, primarily due to Mill Circuit 2 becoming available.\nThis increased throughput was offset by intentional processing of lower-grade\ndevelopment ore during elevated metal prices, that would have otherwise been\nstockpiled. Development production increased 59% from Q1 2026, contributing\n100,658 AgEq(1) ounces, and consisting of 84,806 silver oz and 182 gold oz.\n*\n2026 Drill Program: There are two drills currently turning at La Preciosa,\nwith 6,591 meters of drilling completed at the end of Q2 as part of the\nplanned 15,000 metres of exploration for 2026. Drilling has now shifted from\ninfill holes to exploration and step-out holes at high-priority targets at\nvein intersections and projections. It is important to note that none of the\ninfill drilling holes completed to date were included in the mineral reserve\nupdate mentioned below. Furthermore, most of the exploration holes are in\nareas outside the current resource model.\n*\nConsistent Mill Throughput: In Q2 2026, mill throughput remained on plan with\n184,293 tonnes processed from both Avino and La Preciosa. Continued steady\nmill performance and availability reflects the impact of targeted upgrades and\nautomation initiatives led by our operations and maintenance teams over recent\nyears.\n\nOperating Highlights\n*\nPrimary Silver Revenues: 54% of the Company's Q2 2026 revenues came from the\nsales of silver processed from the production material from the Avino Mine and\ndevelopment material from La Preciosa at an average realized price of $68.90\nper silver ounce.\n*\nInaugural Mineral Reserve Estimate at Avino and La Preciosa: On April 16, 2026\n(https://pr.report/p15i), Avino announced the completion of a new Mineral\nReserve Estimate and updated Mineral Resource Estimate which includes La\nPreciosa, the Avino Mine (consisting of the Elena Tolosa (\"ET\") deposit,\nGuadelupe, and La Potosina). Collectively, the Company's assets host proven\nand probable mineral reserves of 27 million tonnes for 127 million silver\nequivalent ounces at a grade of 145 g/t. In mineral resources, collectively\nthe Company holds measured and indicated mineral resources totaling 67.7\nmillion tonnes and 301 million silver equivalent ounces at a grade of 162 g/t,\nas well as inferred mineral resources totaling 24.8 million tonnes and 87.6\nmillion silver equivalent ounces at a grade of 123 g/t.\n*\n2026 Drill Program at Avino: Drilling remains ongoing in the same locations as\nin Q1 as we continue to understand the nature of the veining. The first drill\nwas focused in the upper area in the eastern portion of the system. The second\ndrill at Avino was focused on extension drilling in the footwall breccia area\nin the upper east portion. During the second quarter, Avino has been hosting\ngeological consultants that are helping identify key geological features to\ntarget areas for resource expansion.\n*\nHealth and Safety Performance: For Q2 2026, the Company achieved a Lost Time\nIncident Frequency Rate (\"LTIFR\") of 4.82 per 1,000,000 hours worked. Total\nreportable lost time incident rate was 0.10.\n\nCorporate\n*\nNormal Course Issuer Bid Approval: Early in the 2(nd) quarter, Avino announced\nthat the TSX had accepted the Company's notice of Intention to repurchase for\ncancellation up to an aggregate of 8,423,566 common shares, or approximately\n5% of the Company's issued and outstanding shares. Avino is in a strong\nfinancial position, and at current silver prices and enough free cash flow\ngeneration in 2026 to support the repurchase of common shares, bringing\nadditional value to shareholders and further underscoring our commitment to\ndelivering strong shareholder returns.\n*\nSenior Leadership Appointments: The Company strengthened its senior leadership\nteam with the appointment of Marc Turcotte as Senior Vice President, Corporate\nDevelopment, and the promotion of Peter Latta to Senior Vice President,\nTechnical Services. The June 8, 2026 news release can be viewed here\n(https://pr.report/p15j).\n\n2026 Capital Expenditures\n\nCapital expenditures in the first six months of 2026 totaled $6.5 million,\ncompared to $5.8 million in the first half of 2025. The increased amount is in\nline with our capital budget for 2026 and was primarily spent on mine\ndevelopment and equipment for future production mining operations at La\nPreciosa.\n\nThe earnings should be read in conjunction with the Company's Financial\nStatements and Management's Discussion and Analysis (\"MD&A\") for the\ncorresponding period, which can be viewed on the Company's website at\nwww.avino.com, or on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.\n\nESG Initiatives\n\nThe United Nations Sustainable Development Goals provide the foundation for\nAvino's sustainability approach, helping us prioritize initiatives that\ndeliver meaningful environmental, social, and economic benefits.\n\nOur operations continue to make a meaningful contribution to the regional\neconomy through local employment, training, procurement, and community-based\ninitiatives. We remain committed to supporting the long-term social and\neconomic development of the communities where we operate while fostering\nsustainable growth for all stakeholders.\n\nAvino has completed its second annual Sustainability Report, which has now\nbeen published on our website. The report is intended to provide transparency\non how responsible mining practices, strong governance, and community\nengagement support Avino's operational performance and long-term growth.\n\nQualified Person\n\nPeter Latta, P. Eng, MBA, Senior Vice President Technical Services, Avino, who\nis a qualified person within the context of National Instrument 43-101 has\nreviewed and approved the technical data in this news release.\n\nNon-IFRS Measures\n\nThe financial results in this news release include references to non-IFRS\nAccounting Standards measures. These measures are used by the Company to\nmanage and evaluate the operating performance of the Company's mining\noperations and are widely reported in the silver and gold mining industry as\nbenchmarks for performance, but do not have standardized meanings prescribed\nby IFRS. For a reconciliation of non-GAAP and GAAP measures, please refer to\nthe \"Non-IFRS Accounting Standards Measures\" section of the Company's MD&A\ndated May 13, 2026, for the three months ended June 30, 2026, which is\nincorporated by reference within this news release and is available on SEDAR+\nat www.sedarplus.ca.\n\nEarnings Call Information\n\nThe Company's Q2 2026 financial statements and results were released today,\nWednesday, August 12, 2026, prior to the market open.\n\nA conference call to discuss the Company's Q2 2026 operational and financial\nresults will be held today, Wednesday, August 12, 2026 at 10:00 a.m. PT / 1:00\nPM. ET. To participate in the conference call or follow the webcast, please\nsee the details below.\n\nShareholders, analysts, investors, and media are invited to join the webcast\nand conference call by logging in here Avino's Q2 2026 Financial Results\n(https://pr.report/p15n) or by dialing the following numbers five to ten\nminutes prior to the start time.\n*\nToll Free: 888-506-0062\n*\nInternational: +1 973-528-0011\n*\nParticipant Access Code: 531035\n\nParticipants will be greeted by an operator and asked for the access code. If\na caller does not have the code, they can reference the Company name.\nParticipants will have the opportunity to ask questions during the Q&A\nportion.\n\nThe conference call and webcast will be recorded, and the replay will be\navailable on the Company's website later today.\n\nAbout Avino\n\nAvino is a silver producer from its wholly owned Avino Mine near Durango,\nMexico. The Company's silver, gold and copper production remains unhedged. The\nCompany intends to maintain long-term sustainable and profitable mining\noperations to reward shareholders and the community alike through our growth\nat the historic Avino Property and the strategic acquisition of the adjacent\nLa Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility\nStudy on the Oxide Tailings Project was completed. This study is a key\nmilestone in our growth trajectory. Avino has been included in the Toronto\nStock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the\n5th position on the TSX30 2025 ranking. As part of Avino's commitment to\nadopting sustainable practices, we have been operating a dry-stack tailings\nfacility for more than two years with excellent results. We are committed to\nmanaging all business activities in a safe, environmentally responsible, and\ncost-effective manner, while contributing to the well-being of the communities\nin which we operate. We encourage you to connect with us on X (formerly\nTwitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines\n(https://pr.report/p15p). To view the Avino Mine VRIFY tour, please click here\n(https://pr.report/p15q).\n\nFor Further Information, Please Contact:\nInvestor Relations\nTel: 604-682-3701\nEmail: IR@avino.com\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains \"forward-looking information\" and \"forward-looking\nstatements\" (together, the \"forward looking statements\") within the meaning of\napplicable securities laws and the United States Private Securities Litigation\nReform Act of 1995, including the mineral reserve estimate and mineral\nresource estimate for the Company's Avino properties, including La Preciosa,\nlocated near Durango in west-central Mexico (the \"Avino Property\") with an\neffective date of October 31, 2025 (consisting of the Elena Tolosa (\"ET\")\ndeposit, Guadalupe, and La Potosina). The Oxide Tailings Deposit mineral\nreserve estimate has an effective date of January 16, 2024.\n\nThis news release includes certain \"forward-looking information\" and\n\"forward-looking statements\" (collectively \"forward-looking statements\")\nwithin the meaning of applicable Canadian and United States securities\nlegislation including the United States Private Securities Litigation Reform\nAct of 1995.These forward-looking statements are made as of the date of this\nnews release. Forward-looking statements are frequently, but not always,\nidentified by words such as \"expects\", \"anticipates\", \"believes\", \"plans\",\n\"projects\", \"intends\", \"estimates\", \"envisages\", \"potential\", \"possible\",\n\"strategy\", \"goals\", \"opportunities\", \"objectives\", or variations thereof or\nstating that certain actions, events or results \"may\", \"could\", \"would\",\n\"might\" or \"will\" be taken, occur or be achieved, or the negative of any of\nthese terms and similar expressions.\n\nForward-looking statements in this news release relate to future events or\nfuture performance and reflect current estimates, predictions, expectations or\nbeliefs regarding future events. All forward-looking statements are based on\nthe Company or its consultants' current beliefs as well as various assumptions\nmade by them and information currently available to them. There can be no\nassurance that such statements will prove to be accurate, and actual results\nand future events could differ materially from those anticipated in such\nstatements. Forward-looking statements in this news release include, but are\nnot limited to, statements with respect to: the Company's business strategy;\nfuture planning processes; the timing and amount of estimated future\nexploration and development; costs and timing of the development of deposits;\ncapital projects and exploration activities and the possible results thereof;\ncompletion and filing of the updated Mineral Resource Estimate; future\noperating procedures; infrastructure development and economic enhancement\nprojects. Statements concerning proven and probable mineral reserves and\nmineral resource estimates may also be deemed to constitute forward-looking\nstatements to the extent that they involve estimates of the mineralization\nthat will be encountered as and if our property is developed, and in the case\nof measured and indicated mineral resources or proven and probable mineral\nreserves, such statements reflect the conclusion based on certain assumptions\nthat the mineral deposit can be economically exploited.\n\nForward-looking statements reflect the beliefs, opinions and projections of\nmanagement on the date the statements are made and are based upon a number of\nassumptions and estimates that, while considered reasonable by the respective\nparties, are inherently subject to significant business, economic,\ncompetitive, political and social uncertainties and contingencies. Such\nfactors include, without limitation the Company's business, operations and\nfinancial condition potentially being materially adversely affected by the\noutbreak of epidemics, pandemics or other health crises, and by reactions by\ngovernment and private actors to such outbreaks; fluctuations in the spot and\nforward price of gold, silver, copper, base metals or certain other\ncommodities; fluctuations in the currency markets (such as the Mexican Peso\nversus the U.S. dollar); changes in national and local government,\nlegislation, taxation, controls, regulations and political or economic\ndevelopments; requirements for additional capital to support expansion\nprojects; changes in project parameters as plans continue to be refined;\nvariations in ore reserves, grade or recovery rates; actual performance of\nplant, equipment or processes relative to specifications and expectations;\nrisks and hazards associated with the business of mineral exploration,\ndevelopment and mining (including environmental hazards, industrial accidents,\nunusual or unexpected formations, pressures, cave-ins and flooding);\neffectiveness of environmental mitigations and strategies including production\nof tailings and mine rock and water management strategies, the presence of\nlaws and regulations that may impose restrictions on mining; employee\nrelations; relationships with and claims by local communities, indigenous\npopulations and other stakeholders; availability and increasing costs\nassociated with mining inputs and labour; the speculative nature of mineral\nexploration and development; title to properties.; and the additional risks\ndescribed in the Company's Annual Information Form for the year ended December\n31, 2025 filed with the Canadian securities regulatory authorities under the\nCompany's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual\nReport on Form 40-F filed with the SEC on EDGAR.\n\nThe Company cautions that the foregoing list of factors that may affect future\nresults is not exhaustive. When relying on our forward-looking statements to\nmake decisions with respect to the Company, investors and others should\ncarefully consider the foregoing factors and other uncertainties and potential\nevents. The Company does not undertake to update any forward-looking\nstatement, whether written or oral, that may be made from time to time by the\nCompany or on our behalf, except as required by law.\n\nCautionary Note to United States Investors\n\nThe Company is formed under the laws of British Columbia, Canada and qualifies\nas a \"foreign private issuer\" as defined in Rule 3b-4 under the United States\nSecurities Exchange Act of 1934, as amended, and is eligible to rely upon the\nCanada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted\nto prepare the technical information contained herein in accordance with the\nrequirements of the securities laws in effect in Canada, which differ from the\nrequirements of the securities laws currently in effect in the United States.\nAccordingly, information concerning mineral deposits set forth herein may not\nbe comparable with information made public by companies that report in\naccordance with U.S. standards.\n\nTechnical disclosure contained in this news release has not been prepared in\naccordance with the requirements of United States securities laws and uses\nterms that comply with reporting standards in Canada with certain estimates\nprepared in accordance with NI 43-101.\n\nNI43-101 is a rule developed by the Canadian Securities Administrators that\nestablishes standards for all public disclosure an issuer makes of scientific\nand technical information concerning the issuer's material mineral projects.\n\nNeither TSX nor its Regulation Services Provider (as that term is defined in\nthe policies of the TSX) accepts responsibility for the adequacy or accuracy\nof this release.\n\nFootnotes:\n1.\nSilver equivalent or \"AgEq\" was calculated using metal prices of $45.30 per oz\nAg, $3,929 per oz Au and $4.85 per lb Cu. These metal prices are based on the\nCompany's 2026 budget as approved by the Board of Directors, and previous\nperiods have been recalculated using these prices for comparability purposes.\nCalculated figures may not add up due to rounding.\n2.\n\"Silver equivalent payable ounces sold\" for the purposes of cash costs and\nall-in sustaining costs consists of the sum of payable silver ounces, gold\nounces and copper tonnes sold, before penalties, treatment charges, and\nrefining charges, multiplied by the ratio of the average spot gold and copper\nprices to the average spot silver price for the corresponding period.\n3.\nNon-IFRS Accounting Standard measure. These measures are widely used in the\nmining industry as a benchmark for performance, but do not have a standardized\nmeaning under IFRS Accounting Standards and the calculation methods may differ\nfrom methods used by other companies with similar reported measures. See\nNon-IFRS Accounting Standards Measures section for further information and\ndetailed reconciliations.\n\nSOURCE: Avino Silver & Gold Mines Ltd.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/avino-reports-q2-2026-financial-results-1206330)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSx0Qppa","title":"Avino Reports Q2 2026 Financial Results","author":"ACCESSWIRE","ticker":"ASM","created":"2026-08-12T11:00:05.116Z","tickers":["ASM"],"exchange":"NYSE American","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / August 12,\n2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a\nlong-standing silver producer in Mexico, announces its unaudited condensed\ninterim consolidated financial results for the second quarter of 2026. All\namounts are in U.S. dollars unless stated otherwise.\n\nSecond Quarter 2026 Financial Highlights\n*\nRevenues: The Company achieved $26.8 million in revenues for Q2 2026, an\nincrease of 23% from Q2 2025. 54% of revenues were derived from silver\nproduction at an average realized price of $68.90 per ounce.\n*\nMine Operating Income: Mine operating income was $13.0 million, an increase of\n27% from Q2 2025.\n*\nNet Income: Earnings, or net income after taxes, was $10.9million, or $0.06\nper diluted share, an increase of 281% and 200%, respectively, from Q2 2025.\n*\nEarnings Before Interest, Taxes, Depreciation and Amortization (\"EBITDA\")(3)\nand Adjusted Earnings(3): EBITDA was $12.6 million, an increase of 69% from Q2\n2025. Adjusted earnings were $11.1 million, or $0.06 per share, an increase of\n26% and unchanged, respectively, from Q2 2025.\n*\nStrong Cash Provided by Operating Activities and Operating Cash Before Working\nCapital Adjustments(3): Cash provided by operating activities was $13.3\nmillion, an increase of 59% from Q2 2025. The Company generated operating cash\nbefore working capital adjustments of $8.3 million, an increase of 32%\ncompared to Q2 2025.\n*\nMineOperating Cash Flow Before Taxes: Mine operating cash flows before taxes\nwas $14.4 million, an increase of 28% from Q2 2025.\n\n\"During the second quarter, the Company continued its main focus of advancing\nLa Preciosa while free cash flow from Avino further adds to the balance sheet\nquarter after quarter,\" said David Wolfin, President and CEO. \"With La\nPreciosa development material doubling in mine and mill throughput during the\nquarter, our transformational growth plan toward becoming a Mexico-focused\nmid-tier primary silver producer remains on track, and we continue working on\ndelivering long-term value for our shareholders.\"\n\nSecond Quarter 2026 Operating and Financial Highlights\n\n Highlights (In US$, unless otherwise noted) Q2 2026 Q2 2025 Change YTD 2026 YTD 2025 Change \n Operating \n Tonnes Milled 184,293 190,987 -4 % 369,790 358,840 3 % \n Silver Ounces Produced 267,305 283,619 -6 % 530,632 549,300 -3 % \n Gold Ounces Produced 2,178 1,774 23 % 4,029 3,999 1 % \n Copper Pounds Produced 729,929 1,461,980 -50 % 2,073,583 3,065,323 -32 % \n Silver Equivalent Ounces (1)Produced 534,945 645,602 -17 % 1,103,057 1,324,060 -17 % \n Concentrate Sales And Costs \n Silver Equivalent Payable Ounces Sold (2) 387,142 676,453 -43 % 870,866 1,244,334 -30 % \n Average Realized Silver Price per Ounce Sold $ 68.90 $ 33.85 104 % $ 74.62 $ 33.30 124 % \n Cash Cost per Silver Equivalent Payable Ounce (2,3) $ 28.62 $ 15.11 89 % $ 26.31 $ 13.97 88 % \n All-in Sustaining Cost per Silver Equivalent Payable Ounce (2,3) $ 38.75 $ 20.93 85 % $ 36.52 $ 20.54 78 % \n Cash Cost per Tonne Processed (3) $ 74.72 $ 52.61 42 % $ 69.36 $ 52.29 33 % \n All-in Sustaining Cost per Tonne Processed (3) $ 96.01 $ 73.70 30 % $ 93.40 $ 75.33 24 % \n Financial Operating Performance \n (in 000's) \n Revenues $ 26,787 $ 21,805 23 % $ 66,220 $ 40,641 63 % \n Mine operating income $ 12,971 $ 10,224 27 % $ 36,389 $ 20,786 75 % \n Net income $ 10,899 $ 2,864 281 % $ 26,812 $ 8,481 216 % \n Earnings before interest, taxes and amortization (\"EBITDA\") (3) $ 12,559 $ 7,432 69 % $ 38,090 $ 17,130 122 % \n Adjusted earnings (3) $ 11,125 $ 8,837 26 % $ 35,462 $ 18,592 91 % \n Cash provided by operating activities $ 13,260 $ 8,350 59 % $ 26,892 $ 9,108 195 % \n Operating cash flow before working capital adjustments (3) $ 8,254 $ 6,269 32 % $ 26,943 $ 13,630 98 % \n Mine operating cash flow before taxes (3) $ 14,419 $ 11,273 28 % $ 41,132 $ 22,670 81 % \n Per Share Amounts \n Earnings per share - diluted $ 0.06 $ 0.02 200 % $ 0.15 $ 0.06 150 % \n Adjusted earnings per share (3) $ 0.06 $ 0.06 - % $ 0.20 $ 0.12 67 % \n\n Liquidity & Working Capital (in 000's) June 30, March 31, 2026 Change June 30, December 31, 2025 Change \n 2026 2026 \n Cash $ 144,183 $ 138,646 4 % $ 144,183 $ 101,724 42 % \n Working capital (3) $ 140,774 $ 139,724 1 % $ 140,774 $ 99,562 41 % \n\nLa Preciosa Milestones\n*\nSteady Progress & Increased Development Production: Ongoing extraction,\nhaulage, and processing of mineralized development material from La Preciosa\nwas above plan in Q2 2026, primarily due to Mill Circuit 2 becoming available.\nThis increased throughput was offset by intentional processing of lower-grade\ndevelopment ore during elevated metal prices, that would have otherwise been\nstockpiled. Development production increased 59% from Q1 2026, contributing\n100,658 AgEq(1) ounces, and consisting of 84,806 silver oz and 182 gold oz.\n*\n2026 Drill Program: There are two drills currently turning at La Preciosa,\nwith 6,591 meters of drilling completed at the end of Q2 as part of the\nplanned 15,000 metres of exploration for 2026. Drilling has now shifted from\ninfill holes to exploration and step-out holes at high-priority targets at\nvein intersections and projections. It is important to note that none of the\ninfill drilling holes completed to date were included in the mineral reserve\nupdate mentioned below. Furthermore, most of the exploration holes are in\nareas outside the current resource model.\n*\nConsistent Mill Throughput: In Q2 2026, mill throughput remained on plan with\n184,293 tonnes processed from both Avino and La Preciosa. Continued steady\nmill performance and availability reflects the impact of targeted upgrades and\nautomation initiatives led by our operations and maintenance teams over recent\nyears.\n\nOperating Highlights\n*\nPrimary Silver Revenues: 54% of the Company's Q2 2026 revenues came from the\nsales of silver processed from the production material from the Avino Mine and\ndevelopment material from La Preciosa at an average realized price of $68.90\nper silver ounce.\n*\nInaugural Mineral Reserve Estimate at Avino and La Preciosa: On April 16, 2026\n(https://pr.report/p15i), Avino announced the completion of a new Mineral\nReserve Estimate and updated Mineral Resource Estimate which includes La\nPreciosa, the Avino Mine (consisting of the Elena Tolosa (\"ET\") deposit,\nGuadelupe, and La Potosina). Collectively, the Company's assets host proven\nand probable mineral reserves of 27 million tonnes for 127 million silver\nequivalent ounces at a grade of 145 g/t. In mineral resources, collectively\nthe Company holds measured and indicated mineral resources totaling 67.7\nmillion tonnes and 301 million silver equivalent ounces at a grade of 162 g/t,\nas well as inferred mineral resources totaling 24.8 million tonnes and 87.6\nmillion silver equivalent ounces at a grade of 123 g/t.\n*\n2026 Drill Program at Avino: Drilling remains ongoing in the same locations as\nin Q1 as we continue to understand the nature of the veining. The first drill\nwas focused in the upper area in the eastern portion of the system. The second\ndrill at Avino was focused on extension drilling in the footwall breccia area\nin the upper east portion. During the second quarter, Avino has been hosting\ngeological consultants that are helping identify key geological features to\ntarget areas for resource expansion.\n*\nHealth and Safety Performance: For Q2 2026, the Company achieved a Lost Time\nIncident Frequency Rate (\"LTIFR\") of 4.82 per 1,000,000 hours worked. Total\nreportable lost time incident rate was 0.10.\n\nCorporate\n*\nNormal Course Issuer Bid Approval: Early in the 2(nd) quarter, Avino announced\nthat the TSX had accepted the Company's notice of Intention to repurchase for\ncancellation up to an aggregate of 8,423,566 common shares, or approximately\n5% of the Company's issued and outstanding shares. Avino is in a strong\nfinancial position, and at current silver prices and enough free cash flow\ngeneration in 2026 to support the repurchase of common shares, bringing\nadditional value to shareholders and further underscoring our commitment to\ndelivering strong shareholder returns.\n*\nSenior Leadership Appointments: The Company strengthened its senior leadership\nteam with the appointment of Marc Turcotte as Senior Vice President, Corporate\nDevelopment, and the promotion of Peter Latta to Senior Vice President,\nTechnical Services. The June 8, 2026 news release can be viewed here\n(https://pr.report/p15j).\n\n2026 Capital Expenditures\n\nCapital expenditures in the first six months of 2026 totaled $6.5 million,\ncompared to $5.8 million in the first half of 2025. The increased amount is in\nline with our capital budget for 2026 and was primarily spent on mine\ndevelopment and equipment for future production mining operations at La\nPreciosa.\n\nThe earnings should be read in conjunction with the Company's Financial\nStatements and Management's Discussion and Analysis (\"MD&A\") for the\ncorresponding period, which can be viewed on the Company's website at\nwww.avino.com, or on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.\n\nESG Initiatives\n\nThe United Nations Sustainable Development Goals provide the foundation for\nAvino's sustainability approach, helping us prioritize initiatives that\ndeliver meaningful environmental, social, and economic benefits.\n\nOur operations continue to make a meaningful contribution to the regional\neconomy through local employment, training, procurement, and community-based\ninitiatives. We remain committed to supporting the long-term social and\neconomic development of the communities where we operate while fostering\nsustainable growth for all stakeholders.\n\nAvino has completed its second annual Sustainability Report, which has now\nbeen published on our website. The report is intended to provide transparency\non how responsible mining practices, strong governance, and community\nengagement support Avino's operational performance and long-term growth.\n\nQualified Person\n\nPeter Latta, P. Eng, MBA, Senior Vice President Technical Services, Avino, who\nis a qualified person within the context of National Instrument 43-101 has\nreviewed and approved the technical data in this news release.\n\nNon-IFRS Measures\n\nThe financial results in this news release include references to non-IFRS\nAccounting Standards measures. These measures are used by the Company to\nmanage and evaluate the operating performance of the Company's mining\noperations and are widely reported in the silver and gold mining industry as\nbenchmarks for performance, but do not have standardized meanings prescribed\nby IFRS. For a reconciliation of non-GAAP and GAAP measures, please refer to\nthe \"Non-IFRS Accounting Standards Measures\" section of the Company's MD&A\ndated May 13, 2026, for the three months ended June 30, 2026, which is\nincorporated by reference within this news release and is available on SEDAR+\nat www.sedarplus.ca.\n\nEarnings Call Information\n\nThe Company's Q2 2026 financial statements and results were released today,\nWednesday, August 12, 2026, prior to the market open.\n\nA conference call to discuss the Company's Q2 2026 operational and financial\nresults will be held today, Wednesday, August 12, 2026 at 10:00 a.m. PT / 1:00\nPM. ET. To participate in the conference call or follow the webcast, please\nsee the details below.\n\nShareholders, analysts, investors, and media are invited to join the webcast\nand conference call by logging in here Avino's Q2 2026 Financial Results\n(https://pr.report/p15n) or by dialing the following numbers five to ten\nminutes prior to the start time.\n*\nToll Free: 888-506-0062\n*\nInternational: +1 973-528-0011\n*\nParticipant Access Code: 531035\n\nParticipants will be greeted by an operator and asked for the access code. If\na caller does not have the code, they can reference the Company name.\nParticipants will have the opportunity to ask questions during the Q&A\nportion.\n\nThe conference call and webcast will be recorded, and the replay will be\navailable on the Company's website later today.\n\nAbout Avino\n\nAvino is a silver producer from its wholly owned Avino Mine near Durango,\nMexico. The Company's silver, gold and copper production remains unhedged. The\nCompany intends to maintain long-term sustainable and profitable mining\noperations to reward shareholders and the community alike through our growth\nat the historic Avino Property and the strategic acquisition of the adjacent\nLa Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility\nStudy on the Oxide Tailings Project was completed. This study is a key\nmilestone in our growth trajectory. Avino has been included in the Toronto\nStock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the\n5th position on the TSX30 2025 ranking. As part of Avino's commitment to\nadopting sustainable practices, we have been operating a dry-stack tailings\nfacility for more than two years with excellent results. We are committed to\nmanaging all business activities in a safe, environmentally responsible, and\ncost-effective manner, while contributing to the well-being of the communities\nin which we operate. We encourage you to connect with us on X (formerly\nTwitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines\n(https://pr.report/p15p). To view the Avino Mine VRIFY tour, please click here\n(https://pr.report/p15q).\n\nFor Further Information, Please Contact:\nInvestor Relations\nTel: 604-682-3701\nEmail: IR@avino.com\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains \"forward-looking information\" and \"forward-looking\nstatements\" (together, the \"forward looking statements\") within the meaning of\napplicable securities laws and the United States Private Securities Litigation\nReform Act of 1995, including the mineral reserve estimate and mineral\nresource estimate for the Company's Avino properties, including La Preciosa,\nlocated near Durango in west-central Mexico (the \"Avino Property\") with an\neffective date of October 31, 2025 (consisting of the Elena Tolosa (\"ET\")\ndeposit, Guadalupe, and La Potosina). The Oxide Tailings Deposit mineral\nreserve estimate has an effective date of January 16, 2024.\n\nThis news release includes certain \"forward-looking information\" and\n\"forward-looking statements\" (collectively \"forward-looking statements\")\nwithin the meaning of applicable Canadian and United States securities\nlegislation including the United States Private Securities Litigation Reform\nAct of 1995.These forward-looking statements are made as of the date of this\nnews release. Forward-looking statements are frequently, but not always,\nidentified by words such as \"expects\", \"anticipates\", \"believes\", \"plans\",\n\"projects\", \"intends\", \"estimates\", \"envisages\", \"potential\", \"possible\",\n\"strategy\", \"goals\", \"opportunities\", \"objectives\", or variations thereof or\nstating that certain actions, events or results \"may\", \"could\", \"would\",\n\"might\" or \"will\" be taken, occur or be achieved, or the negative of any of\nthese terms and similar expressions.\n\nForward-looking statements in this news release relate to future events or\nfuture performance and reflect current estimates, predictions, expectations or\nbeliefs regarding future events. All forward-looking statements are based on\nthe Company or its consultants' current beliefs as well as various assumptions\nmade by them and information currently available to them. There can be no\nassurance that such statements will prove to be accurate, and actual results\nand future events could differ materially from those anticipated in such\nstatements. Forward-looking statements in this news release include, but are\nnot limited to, statements with respect to: the Company's business strategy;\nfuture planning processes; the timing and amount of estimated future\nexploration and development; costs and timing of the development of deposits;\ncapital projects and exploration activities and the possible results thereof;\ncompletion and filing of the updated Mineral Resource Estimate; future\noperating procedures; infrastructure development and economic enhancement\nprojects. Statements concerning proven and probable mineral reserves and\nmineral resource estimates may also be deemed to constitute forward-looking\nstatements to the extent that they involve estimates of the mineralization\nthat will be encountered as and if our property is developed, and in the case\nof measured and indicated mineral resources or proven and probable mineral\nreserves, such statements reflect the conclusion based on certain assumptions\nthat the mineral deposit can be economically exploited.\n\nForward-looking statements reflect the beliefs, opinions and projections of\nmanagement on the date the statements are made and are based upon a number of\nassumptions and estimates that, while considered reasonable by the respective\nparties, are inherently subject to significant business, economic,\ncompetitive, political and social uncertainties and contingencies. Such\nfactors include, without limitation the Company's business, operations and\nfinancial condition potentially being materially adversely affected by the\noutbreak of epidemics, pandemics or other health crises, and by reactions by\ngovernment and private actors to such outbreaks; fluctuations in the spot and\nforward price of gold, silver, copper, base metals or certain other\ncommodities; fluctuations in the currency markets (such as the Mexican Peso\nversus the U.S. dollar); changes in national and local government,\nlegislation, taxation, controls, regulations and political or economic\ndevelopments; requirements for additional capital to support expansion\nprojects; changes in project parameters as plans continue to be refined;\nvariations in ore reserves, grade or recovery rates; actual performance of\nplant, equipment or processes relative to specifications and expectations;\nrisks and hazards associated with the business of mineral exploration,\ndevelopment and mining (including environmental hazards, industrial accidents,\nunusual or unexpected formations, pressures, cave-ins and flooding);\neffectiveness of environmental mitigations and strategies including production\nof tailings and mine rock and water management strategies, the presence of\nlaws and regulations that may impose restrictions on mining; employee\nrelations; relationships with and claims by local communities, indigenous\npopulations and other stakeholders; availability and increasing costs\nassociated with mining inputs and labour; the speculative nature of mineral\nexploration and development; title to properties.; and the additional risks\ndescribed in the Company's Annual Information Form for the year ended December\n31, 2025 filed with the Canadian securities regulatory authorities under the\nCompany's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual\nReport on Form 40-F filed with the SEC on EDGAR.\n\nThe Company cautions that the foregoing list of factors that may affect future\nresults is not exhaustive. When relying on our forward-looking statements to\nmake decisions with respect to the Company, investors and others should\ncarefully consider the foregoing factors and other uncertainties and potential\nevents. The Company does not undertake to update any forward-looking\nstatement, whether written or oral, that may be made from time to time by the\nCompany or on our behalf, except as required by law.\n\nCautionary Note to United States Investors\n\nThe Company is formed under the laws of British Columbia, Canada and qualifies\nas a \"foreign private issuer\" as defined in Rule 3b-4 under the United States\nSecurities Exchange Act of 1934, as amended, and is eligible to rely upon the\nCanada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted\nto prepare the technical information contained herein in accordance with the\nrequirements of the securities laws in effect in Canada, which differ from the\nrequirements of the securities laws currently in effect in the United States.\nAccordingly, information concerning mineral deposits set forth herein may not\nbe comparable with information made public by companies that report in\naccordance with U.S. standards.\n\nTechnical disclosure contained in this news release has not been prepared in\naccordance with the requirements of United States securities laws and uses\nterms that comply with reporting standards in Canada with certain estimates\nprepared in accordance with NI 43-101.\n\nNI43-101 is a rule developed by the Canadian Securities Administrators that\nestablishes standards for all public disclosure an issuer makes of scientific\nand technical information concerning the issuer's material mineral projects.\n\nNeither TSX nor its Regulation Services Provider (as that term is defined in\nthe policies of the TSX) accepts responsibility for the adequacy or accuracy\nof this release.\n\nFootnotes:\n1.\nSilver equivalent or \"AgEq\" was calculated using metal prices of $45.30 per oz\nAg, $3,929 per oz Au and $4.85 per lb Cu. These metal prices are based on the\nCompany's 2026 budget as approved by the Board of Directors, and previous\nperiods have been recalculated using these prices for comparability purposes.\nCalculated figures may not add up due to rounding.\n2.\n\"Silver equivalent payable ounces sold\" for the purposes of cash costs and\nall-in sustaining costs consists of the sum of payable silver ounces, gold\nounces and copper tonnes sold, before penalties, treatment charges, and\nrefining charges, multiplied by the ratio of the average spot gold and copper\nprices to the average spot silver price for the corresponding period.\n3.\nNon-IFRS Accounting Standard measure. These measures are widely used in the\nmining industry as a benchmark for performance, but do not have a standardized\nmeaning under IFRS Accounting Standards and the calculation methods may differ\nfrom methods used by other companies with similar reported measures. See\nNon-IFRS Accounting Standards Measures section for further information and\ndetailed reconciliations.\n\nSOURCE: Avino Silver & Gold Mines Ltd.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/avino-reports-q2-2026-financial-results-1206330)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-08-12T11:00:05.774908112Z","server_sent_at_ms":1786532405774},"received_at":"2026-08-12T11:00:05.925Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/avino-reports-q2-2026-financial-results-1206330"},"analysis":{"id":"105498","press_release_id":"116508","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"earnings","narrative":"Avino reported Q2 2026 revenue of $26.8 million, up 23% year-over-year, with net income surging 281% to $10.9 million driven by significantly higher realized silver prices.\n\nThe company generated $13.3 million in operating cash flow and ended the quarter with $144 million in cash, strengthening its balance sheet amid ongoing development at La Preciosa.\n\nAdditionally, Avino received TSX approval for a Normal Course Issuer Bid to repurchase up to 5% of its outstanding shares.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Silver price leverage drives massive EPS surge and cash flow; share buyback authorized."},"keyFigures":{"eps":0.06,"revenue":26787000,"revenueYoy":"23%","customDimensions":{"ebitda":12559000,"net_income":10899000,"aisc_per_ounce":38.75,"adjusted_earnings":11125000,"cash_costs_per_ounce":28.62,"cash_from_operations":13260000,"gold_ounces_produced":2178,"mine_operating_income":12971000,"copper_pounds_produced":729929,"silver_ounces_produced":267305,"avg_realized_silver_price":68.9}},"quotedText":"During the second quarter, the Company continued its main focus of advancing La Preciosa while free cash flow from Avino further adds to the balance sheet quarter after quarter","namedEntities":{"people":[{"name":"David Wolfin","role":"President and CEO"},{"name":"Marc Turcotte","role":"Senior Vice President, Corporate Development"},{"name":"Peter Latta","role":"Senior Vice President, Technical Services"}],"products":["Avino Mine","La Preciosa","Elena Tolosa (\"ET\") deposit","Guadelupe","La Potosina"],"companies":[{"name":"Avino Silver & Gold Mines Ltd.","ticker":"ASM"},{"name":"Toronto Stock Exchange","relationship":"exchange"},{"name":"NYSE American","relationship":"exchange"},{"name":"FSE","relationship":"exchange"}],"dollarAmounts":[{"amount":"$26.8 million","context":"Q2 2026 revenue"},{"amount":"$13.0 million","context":"Q2 2026 mine operating income"},{"amount":"$10.9 million","context":"Q2 2026 net income"},{"amount":"$12.6 million","context":"Q2 2026 EBITDA"},{"amount":"$13.3 million","context":"Q2 2026 cash provided by operating activities"},{"amount":"$14.4 million","context":"Q2 2026 mine operating cash flow before taxes"},{"amount":"$68.90","context":"average realized silver price per ounce"},{"amount":"$6.5 million","context":"Capital expenditures in the first six months of 2026"}]},"materialImpact":{"score":4,"reasoning":"Strong quarter with 281% YoY increase in net income and 23% revenue growth, driven by a 104% increase in realized silver price. Strong cash generation ($13.3M operating cash) and a 5% NCIB authorization add shareholder value."},"tickerRelevance":{"others":[],"primary":"ASM"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"strong-earnings-commodity-price-leverage","sectorWeight":"Materials","householdBrandBoost":false}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Avino reported Q2 2026 revenue of $26.8 million, up 23% year-over-year, with net income surging 281% to $10.9 million driven by significantly higher realized silver prices.\n\nThe company generated $13.3 million in operating cash flow and ended the quarter with $144 million in cash, strengthening its balance sheet amid ongoing development at La Preciosa.\n\nAdditionally, Avino received TSX approval for a Normal Course Issuer Bid to repurchase up to 5% of its outstanding shares.","key_figures":{"eps":0.06,"revenue":26787000,"revenueYoy":"23%","customDimensions":{"ebitda":12559000,"net_income":10899000,"aisc_per_ounce":38.75,"adjusted_earnings":11125000,"cash_costs_per_ounce":28.62,"cash_from_operations":13260000,"gold_ounces_produced":2178,"mine_operating_income":12971000,"copper_pounds_produced":729929,"silver_ounces_produced":267305,"avg_realized_silver_price":68.9}},"named_entities":{"people":[{"name":"David Wolfin","role":"President and CEO"},{"name":"Marc Turcotte","role":"Senior Vice President, Corporate Development"},{"name":"Peter Latta","role":"Senior Vice President, Technical Services"}],"products":["Avino Mine","La Preciosa","Elena Tolosa (\"ET\") deposit","Guadelupe","La Potosina"],"companies":[{"name":"Avino Silver & Gold Mines Ltd.","ticker":"ASM"},{"name":"Toronto Stock Exchange","relationship":"exchange"},{"name":"NYSE American","relationship":"exchange"},{"name":"FSE","relationship":"exchange"}],"dollarAmounts":[{"amount":"$26.8 million","context":"Q2 2026 revenue"},{"amount":"$13.0 million","context":"Q2 2026 mine operating income"},{"amount":"$10.9 million","context":"Q2 2026 net income"},{"amount":"$12.6 million","context":"Q2 2026 EBITDA"},{"amount":"$13.3 million","context":"Q2 2026 cash provided by operating activities"},{"amount":"$14.4 million","context":"Q2 2026 mine operating cash flow before taxes"},{"amount":"$68.90","context":"average realized silver price per ounce"},{"amount":"$6.5 million","context":"Capital expenditures in the first six months of 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-12T12:29:23.454Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"strong-earnings-commodity-price-leverage","sectorWeight":"Materials","householdBrandBoost":false}},"durationMs":null,"modelName":"glm-4.7"}}