Business
Avino Silver & Gold Mines Announces Normal Course Issuer Bid for Common Shares
VANCOUVER, BC / ACCESS Newswire / April 6, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM) (NYSE American:ASM) (FSE:GV6) ("Avino" or the "Company") is pleased t
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / April 6, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM) (NYSE American:ASM) (FSE:GV6) (\"Avino\" or the \"Company\") is pleased to announce that the Toronto Stock Exchange (the \"TSX\") has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid (the \"NCIB\") to repurchase, for cancellation, up to an aggregate of 8,428,566 common shares of Avino (the \"Common Shares\"), representing approximately 5% of the Company's issued and outstanding Common Shares, being 168,571,331 Common Shares as of March 31, 2026. Purchases can be made at prevailing market prices during a 12-month period commencing on April 8, 2026 and ending on the earlier of April 7, 2027 and the date on which the Company reaches the maximum purchases permitted under the NCIB. David Wolfin, President and CEO of the Company, commented: \"Avino has enjoyed significant share price appreciation over the past nine months, and is implementing the NCIB to provide flexibility and optionality in the event we determine our share price does not adequately reflect the underlying value and long-term potential of the Company. Avino is in a strong financial position, and at current silver prices, expects to generate enough free cash flow in 2026 to support the repurchase of Common Shares, bringing additional value to shareholders and further underscoring our commitment to delivering strong shareholder returns.\" Under the NCIB, purchases will be made through the facilities of the TSX, the NYSE American LLC (the \"NYSE American\") and/or permitted alternative trading systems in Canada and the United States at prevailing market prices or such other prices as permitted under the rules and policies of the TSX and the NYSE American, as applicable, and applicable securities laws. All Common Shares purchased by the Company under the NCIB will be cancelled. Daily purchases on the TSX under the NCIB will be limited to a maximum of 248,266 Common Shares, representing 25% of 993,067, the average daily trading volume of the Common Shares on the TSX for the six months ending March 31, 2026, subject to any purchases made pursuant to the block purchase exception. The Company believes the NCIB will provide a flexible tool as part of its overall capital allocation program, that the repurchase of Common Shares at certain market prices is ...