Avino Silver & Gold Mines Ltd. has published its production results for the second quarter of 2026, indicating a total output of 534,945 silver equivalent ounces. This marks a decline from the same quarter in 2025, primarily attributed to reduced copper production. Nevertheless, significant advancements have been noted from the La Preciosa project with a 59% increase in development production compared to the prior quarter.
For Q2 2026, the company reported the following production metrics:
267,305 silver ounces
2,178 gold ounces
729,929 pounds of copper
The overall decrease in silver equivalent ounces reflects a strategic maneuver to mine lower copper-grade areas near historical sites. Avino intends to optimize operations in anticipation of increased production in the latter half of 2026.
La Preciosa marked a strong performance this quarter, contributing 100,658 silver equivalent ounces. The development activities exceeded expectations, leading to a notable rise in throughput due to the availability of Mill Circuit 2. The company plans to sustain this momentum and expects production gains as additional developments are completed.
Throughout Q2, Avino's mill processed 184,293 tonnes, maintaining consistency in operational performance. Recent upgrades and automation initiatives have bolstered mill throughput, and the company continues to focus on mitigating challenges posed by lower-grade materials.
Management anticipates that the second half of 2026 will yield stronger production figures. Ongoing extraction, along with ongoing engineering studies, are paving the way for more effective mining and processing operations moving forward.
Avino is scheduled to release its Q2 2026 financial results on August 12, 2026. This announcement will provide additional insights into the company's operational and financial strategies.
In Q2 2026, Avino reported production of 267,305 silver ounces, 2,178 gold ounces, and 729,929 pounds of copper, totalling 534,945 silver equivalent ounces. Despite a year-on-year decrease largely attributed to lower copper production, La Preciosa's development production saw a significant 59% increase from Q1 2026, signalling progress.
La Preciosa contributed 100,658 silver equivalent ounces in Q2 2026, marking a notable improvement over the previous quarter. This increase indicates the potential for further production expansion as development progresses.
The decrease in total silver and copper production reflects a strategic shift in mining sequencing towards areas with lower copper grades, aligning with the company's long-term operational plans. This approach is aimed at optimising overall resource extraction while navigating market conditions.
Management anticipates that the second half of 2026 will see increased production, particularly as La Preciosa progresses. This expectation is supported by operational enhancements and the completion of ongoing technical studies aimed at improving efficiencies.
Avino is focused on targeted upgrades and automation initiatives, which have resulted in consistent mill throughput and enhanced processing capabilities. These improvements are essential for maximising production efficiency as market demands evolve.
The recent mineral reserve update, which highlights significant proven and probable reserves, underpins Avino's long-term growth strategy and financial health. This positions the company favourably in the silver and gold markets, enhancing investor confidence.
Avino's share repurchase programme aims to enhance shareholder value by reducing the number of outstanding shares, thereby increasing ownership percentages and potential earnings per share for investors.
Avino is scheduled to announce its Q2 2026 financial results on August 12, 2026. This timely disclosure will provide further insights into the company's operational performance and strategic direction.