Avino Silver & Gold Mines Ltd. has announced its production results for the second quarter of 2026, highlighting a total output of 534,945 silver equivalent ounces (AgEq oz). This figure represents a 17% decline compared to the same quarter in the previous year, mainly due to lower copper production.
During Q2 2026, the company produced 267,305 ounces of silver, 2,178 ounces of gold, and 729,929 pounds of copper. The considerable decrease in overall production was attributed to mining operations shifting to areas with lower copper grades, particularly around historical open pit sites.
The La Preciosa project showed significant development progress, with a 59% increase in contribution compared to the previous quarter, providing 100,658 AgEq oz. This increase is indicative of the company’s strategic initiatives aimed at advancing the project amid fluctuating metal prices.
Avino’s milling operations indicated solid performance, processing 184,293 tonnes of ore in line with planned targets. However, the results were partially offset by the decision to process lower-grade development ore. The company has emphasized its commitment to optimizing mill performance to support overall growth strategies.
Exploration efforts at La Preciosa included approximately 6,591 meters of drilling as part of a broader 15,000-meter program for 2026. The focus has shifted to exploration and step-out holes targeting high-priority areas, although earlier infill drilling has not been included in the recent mineral reserve updates.
In Q2 2026, Avino repurchased and cancelled 508,039 common shares, as part of a strategy to enhance shareholder value by increasing ownership percentages. The company is authorized to repurchase up to 8,428,566 shares before April 2027.
The company’s detailed financial results for Q2 2026 are set to be released on August 12, 2026, followed by a conference call to discuss operational and financial outcomes.
In Q2 2026, Avino Silver & Gold Mines Ltd. reported total production of 267,305 silver ounces, 2,178 gold ounces, and 729,929 pounds of copper. The total silver equivalent production was 534,945 ounces, reflecting a decrease from Q2 2025, attributed mainly to lower copper production.
La Preciosa saw a 59% increase in development production compared to Q1 2026, contributing 100,658 silver equivalent ounces. This improvement is notable, although overall production was down from the previous year due to mining in lower copper-grade areas.
The decline in copper production is attributed to intentional mining in areas with lower copper grades near historical open pit operations. This planned mining strategy was opted for despite potentially higher production from stockpiled materials.
During Q2 2026, Avino completed 6,591 meters of drilling at La Preciosa as part of a 15,000-meter exploration plan. The focus shifted from infill to exploration and step-out holes at high priority targets, but no infill drilling holes were included in the recent mineral reserve update.
Avino repurchased and cancelled 508,039 common shares, reducing the number of outstanding shares. They are permitted to repurchase up to 8,428,566 shares until April 7, 2027, as part of their capital allocation strategy.
Avino’s financial results for Q2 2026 are scheduled to be released on August 12, 2026, prior to the market opening. A conference call will follow to discuss these operational and financial results.
Risks highlighted include fluctuations in commodity prices for gold, silver, and copper, potential impacts from health crises on operations, and the speculative nature of mineral exploration and development. Additionally, there are operational risks associated with mining activities.
The details of Avino's mineral reserve estimates were released on April 16, 2026, and reflect significant reserves at various assets. This information is available on SEDAR+ under the Company’s profile.