Canada's Avino Q2 revenue rises on higher silver prices

Avino Silver & Gold Mines

12/08/2026 12:09

Overview
Canada silver miner's Q2 revenue rose 23% yr/yr
Adjusted EPS for Q2 was unchanged yr/yr at $0.06
Company approved up to 8.4 mln share buyback program

Outlook
Company says growth plan toward becoming a mid-tier primary silver producer remains on track
Avino expects ongoing extraction and processing at La Preciosa to continue above plan
Company says 2026 capital expenditures are in line with budget, focused on La Preciosa development

Result Drivers
HIGHER SILVER PRICES - Co said average realized silver price rose 104% yr/yr to $68.90/oz, supporting revenue growth
LA PRECIOSA DEVELOPMENT - Co said development production at La Preciosa doubled in mine and mill throughput during the quarter
STEADY MILL PERFORMANCE - Co said mill throughput remained on plan due to targeted upgrades and automation initiatives

Company press release: ID:nACSx0Qppa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$26.79 mln
$43.82 mln (1 Analyst)
Q2 Adjusted EPS
Miss
$0.06
$0.13 (1 Analyst)
Q2 EPS
 
$0.06
 
Q2 Adjusted Net Income
Miss
$11.13 mln
$20.95 mln (1 Analyst)

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"
Wall Street's median 12-month price target for Avino Silver & Gold Mines Ltd is C$14.47, about 41.5% above its August 11 closing price of C$10.23
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 10 - Canada's Silvercorp flags output hit of up to 50% after China suspension for safety upgrades, clouding profit jump
Aug 12 - Canada's Andean Precious Metals Q2 revenue falls on higher average realized prices for gold and silver
Aug 10 - Canada's Altius Minerals Q2 royalty revenue more than doubles on higher commodity prices

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(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.)