Business
Avino Silver & Gold Mines Delivers Record Q1 2026 Financial Results
VANCOUVER, BC / ACCESS Newswire / May 13, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM) (NYSE American:ASM) (FSE:GV6) a long-standing silver producer in
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / May 13, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM) (NYSE American:ASM) (FSE:GV6) a long-standing silver producer in Mexico, announces its unaudited condensed interim consolidated financial results for the first quarter of 2026. All amounts are in U.S. dollars unless stated otherwise. First Quarter 2026 Financial Highlights Record Revenues: The Company achieved a record $39.4 million in revenues for Q1 2026, an increase of 109% from Q1 2025 and 29% from Q4 2025, our previous quarterly record. In Q1 2026, 60% of revenues were derived from silver production at an average realized price of $86.42 per ounce. Record Mine Operating Income: Mine operating income was $23.4 million, an increase of 122% from Q1 2025 and 31% from Q4 2025. Record Net Income: Earnings, or net income after taxes, was $15.9 million,or $0.09 per diluted share, both representing quarterly records. Record Earnings Before Interest, Taxes, Depreciation and Amortization (\"EBITDA\")3 and Adjusted Earnings3: EBITDA was $25.5 million, an increase of 163% from Q1 2025 and 77% from Q4 2025. Adjusted earnings were $24.3 million, or $0.14 per share, an increase of 150% and 100%, respectively, from Q1 2025, and an increase of 49% and 40%, respectively from Q4 2025. Strong Operating Cash Before Working Capital Movements3: The Company generated operating cash before working capital movements of $18.7 million, an increase of 154% compared to Q1 2025. Record Mine Operating Cash Flow Before Taxes: Mine operating cash flows before taxes were a record $26.7 million, an increase of 134% from Q1 2025, and 41% from Q4 2025. \"During the first quarter, Avino delivered record financial performance driven by improved mill performance, strong metal prices, and a disciplined approach to capital management,\" said David Wolfin, President and CEO. \"Avino's silver equivalent per ounce margins were significantly higher than previous quarters and we remain in our strongest financial position in company history. Our robust balance sheet provides a solid foundation to support our transformational growth plan as we advance toward becoming a Mexico-focused mid-tier primary silver producer. We believe Avino is well positioned to continue delivering long-term value for our shareholders.\" Financial Highlights HIGHLIGHTS(In US$, unless otherwise noted) &nb...