Avino Silver & Gold Mines Ltd. has released its production results for the first quarter of 2026, achieving a total output of 263,057 ounces of silver, 1,851 ounces of gold, and 1,343,654 pounds of copper. This amounts to 568,112 silver equivalent ounces. Although this reflects a slight decrease compared to the previous year, the company remains optimistic about stronger production in the latter half of 2026.
The company's milling operations demonstrated an 11% increase in throughput when compared year-over-year, signifying effective execution of upgrades and enhancements in automation. Avino's teams have successfully managed throughput across multiple circuits, setting the stage for improved operational efficiency.
Development production from La Preciosa contributed 49,830 silver ounces during this quarter, indicating progress despite some early setbacks related to mill availability and processing of lower-grade development ore. This strategic approach has allowed the company to benefit from solid silver prices.
Avino anticipates that production levels will increase as the year progresses. The focus remains on continuing optimizations across operations, and the company is poised to meet its annual production goals. The management underscored their commitment to improving performance and leveraging the recently elevated silver prices.
The financial results for the first quarter of 2026 are expected to be released on May 13, 2026. Following this, a conference call is scheduled to take place on May 14, allowing stakeholders to discuss the operational and financial performance in detail.
Avino reported a total production of 263,057 silver ounces, 1,851 gold ounces, and 1,343,654 pounds of copper, equating to approximately 568,112 silver equivalent ounces. This indicates a solid base from which the company can work towards its annual production targets.
Development production from La Preciosa contributed 49,830 silver ounces, showcasing slight improvement compared to previous quarters. This consistent output hints at the project’s potential as it progresses toward full operational capacity.
Avino achieved an 11% increase in mill throughput year-over-year, highlighting improvements in mill availability and operational efficiency. This positive trend supports the expectation for enhanced future production as the year progresses.
While production was slightly below plan early in the quarter, primarily due to mill availability and the processing of lower-grade ore, the company has strategically managed these challenges to capitalise on current strong silver prices.
The recent updates suggest the presence of 27 million tonnes of proven and probable mineral reserves, comprising significant silver, gold, and copper deposits. This fortifies Avino's long-term growth prospects and establishes a strong foundation for ongoing exploration and development.
The company intends to optimise performance across its operations and significantly increase production in the latter half of 2026, buoyed by recent upgrades and growth initiatives. This strategy reflects confidence in achieving their production forecasts.
The financial statements for Q1 2026 are set to be released on May 13, 2026, followed by a conference call on May 14. This will provide all stakeholders with insights into the company’s financial health and operational performance.
Avino rigorously conducts mill assays at its on-site lab and further validates results with independent third-party labs, ensuring high standards and reliability in its reporting, which is crucial for maintaining investor confidence.