Avino's Q1 revenue doubles to record on surge in realized silver prices

Avino Silver & Gold Mines

13/05/2026 22:25

Overview

Mexico-focused silver producer's Q1 revenue rose 109% yr/yr to a record, but missed sole estimate

Adjusted EPS and adjusted net income for Q1 both rose, beating sole analyst estimates

Company approved repurchase of up to 5% of shares under normal course issuer bid

Outlook

Company plans 15,000 metres of drilling at Avino property in 2026

Avino says capital expenditures are in line with its 2026 budget

Company expects strong silver prices and cash flow to support share repurchases in 2026

Result Drivers

HIGHER SILVER PRICES - Co said record Q1 revenues were driven by a 173% yr/yr increase in average realized silver price per ounce

IMPROVED MILL THROUGHPUT - Co said 11% yr/yr increase in mill throughput reflected targeted upgrades and automation

LOWER-GRADE ORE PROCESSING - Co said intentional processing of lower-grade development ore at La Preciosa allowed it to capitalize on strong silver prices

Company press release: ID:nACSB3DSta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$39.43 mln
$43.19 mln (1 Analyst)
Q1 Adjusted EPS
Beat
$0.14
$0.12 (1 Analyst)
Q1 EPS
$0.09
Q1 Adjusted Net Income
Beat
$24.34 mln
$19.78 mln (1 Analyst)
Q1 Net Income
$15.91 mln
Q1 EBITDA
$25.53 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the diversified mining peer group is "buy"

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)