Avino Silver & Gold Mines Sees Shares Plummet Amid Silver Price Drop and Production Concerns
Avino Silver & Gold Mines Ltd. (TSX:ASM) shares declined sharply on September 23, 2026, due to a combination of factors including a sharp drop in silver prices and concerns over recent production performance.
The company's silver-focused operations are heavily exposed to commodity price fluctuations, which makes it vulnerable to market downturns. On the same day as Avino's decline, silver prices fell significantly as a stronger-than-expected US manufacturing report reinforced expectations of tighter monetary policy.
Avino's second-quarter production figures showed a year-over-year decline in silver-equivalent output, with copper production halving and silver recovery rates deteriorating. While the company reported adjusted earnings in line with estimates, revenues missed consensus expectations due to lower payable ounces sold.
The market reaction to Avino's recent operational performance has been negative, with investor skepticism persisting even after the company announced a substantial increase in realized silver prices. The decline in Avino's shares is also attributed to the broader sector pressures affecting precious metals equities, including profit-booking and dollar strength.