Avino Silver & Gold Mines Posts 23% Revenue Growth in Q2 2026 Earnings

Avino Silver & Gold Mines Ltd., a NYSEMKT-listed company, reported its Q2 2026 earnings. The company's revenue grew by 23% year over year to $26.8 million due to improved realized silver prices. Net income increased from $2.9 million in the second quarter of 2025 to $10.9 million, or $0.06 per diluted share.

Silver production decreased by 6% to 267,305 ounces, while gold production rose by 23% to 2,178 ounces compared to the prior-year period. Copper production declined by 50% year over year as the company mined lower-grade areas. The all-in sustaining cost (AISC) per silver equivalent payable ounce increased from $20.93 in the second quarter of 2025 to $38.75.

The company established inaugural mineral reserves across its three assets, totaling 127 million silver equivalent ounces at a grade of 145 grams per ton. Avino maintained a high cash balance of $144.2 million as of June 30, 2026, providing liquidity for growth initiatives. The company repurchased 500,000 common shares under the normal course issuer bid.