#Record Financial Performance
Avino Silver & Gold Mines Ltd. has announced impressive financial results for the first quarter of 2026, achieving record revenues of $39.4 million. This marks a remarkable 109% increase compared to Q1 2025 and a 29% rise from the previous quarterly record in Q4 2025.
#Highlights of Q1 2026
The company reported mine operating income reaching $23.4 million, reflecting a 122% increase year-on-year and a 31% increase from the last quarter. Additionally, net income after taxes was recorded at $15.9 million or $0.09 per diluted share, marking both figures as new quarterly benchmarks for the company.
Avino's earnings before interest, taxes, depreciation, and amortization (EBITDA) were also noteworthy, coming in at $25.5 million, a 163% rise from Q1 2025 and a 77% increase from Q4 2025. The company generated significant operating cash flow before working capital movements, totaling $18.7 million—up 154% compared to the same period last year.
#Operational Achievements and Strategic Outlook
During this quarter, 60% of Avino's revenues stemmed from silver production, with an average realized price of $86.42 per ounce. The improvement in mill throughput impacted operational efficiency positively, driving the company's growth in revenue and profitability.
David Wolfin, President and CEO, emphasized the company's strong financial position, attributing this success to enhanced mill performance, favorable metal prices, and disciplined capital management. Avino plans to utilize its robust balance sheet to support ongoing and future projects aimed at expanding its operations as it moves towards becoming a mid-tier primary silver producer in Mexico.
#Commitment to Sustainability
Avino has also reiterated its commitment to environmental, social, and governance (ESG) standards, maintaining strong relationships with local communities. The company continues to invest in social responsibility programs while ensuring sustainable mining practices.
For the quarter, Avino reported substantial increases in cash, with reserves reaching $138.6 million as of March 31, 2026, a significant year-over-year increase of 421%. The company’s total working capital also improved by 346%, highlighting its enhanced fiscal stability and capacity for future growth initiatives.
#Key Takeaways
- Avino achieved record revenues of $39.4 million in Q1 2026, a 109% increase from Q1 2025.
- Mine operating income was reported at $23.4 million, up 122% year-on-year.
- Net income reached $15.9 million, with earnings of $0.09 per diluted share marking new records.
- Operating cash flow before working capital changes totaled $18.7 million, reflecting a 154% increase year-on-year.
- Avino’s strong cash position of $138.6 million supports its ongoing growth and sustainability initiatives.
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