Avino Silver & Gold Reports Q3 2026 Revenue Growth Driven by Higher Silver Prices
Avino Silver & Gold (ASM) reported a significant revenue increase of 59% year-over-year for the third quarter of 2026, reaching $33.4 million. This growth was primarily fueled by a 66% surge in realized silver prices to $63.33 per ounce and increased silver output from the La Preciosa operations. Despite higher revenues, net income saw a slight decline to $6.1 million compared to the previous year, impacted by a stronger Mexican peso and accelerated mine preparation costs. The company demonstrated strong liquidity with a cash position of $138 million and improved operating cash flow of $12.7 million. However, management revised full-year production guidance and increased cost estimates (AISC) due to mine sequencing and the processing of lower-grade material. While silver output rose by 15%, gold and copper production experienced year-over-year declines.
Topics: Copper Production Gold Production Net Income Revenue Growth Silver Production