Q1 2026 Avino Silver & Gold Mines Ltd Earnings Call Transcript

May 14, 2026 / 03:00 PM GMT

Release Date Price: $7.66 (-2.17%)

Transcript

Key Points

Positve

Avino Silver & Gold Mines Ltd (ASM) reported record revenues of $39.4 million for Q1 2026, with 60% of revenues coming from silver production.
The company achieved a record net income of $15.9 million, or $0.09 per diluted share, significantly higher than the previous year.
Avino Silver & Gold Mines Ltd (ASM) has a strong cash position of $139 million and a working capital of $140 million, enabling it to execute its growth plans.
The company completed an inaugural mineral reserve estimate of 127 million silver equivalent ounces, marking a transformational milestone.
Avino Silver & Gold Mines Ltd (ASM) is receiving increased recognition within the institutional investment community, broadening its investor base.

Negative

Cash costs per payable silver equivalent ounce increased by 16% to $24.46, and all-in sustaining cash costs rose by 10% to $34.72.
The company faced higher costs due to processing development material from La Preciosa, which is not indicative of long-term cost expectations.
There was a slight delay in the drilling program, with only 2,600 meters drilled at La Preciosa by the end of Q1, impacting the annual target.
Depreciation costs increased significantly due to an accounting adjustment, affecting financial results.
The company experienced some cost pressures from profit sharing in Mexico, although these were not outside the normal course.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASM.TO - Avino Silver & Gold Mines Ltd
Q1 2026 Avino Silver & Gold Mines Ltd Earnings Call
May 14, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Aveno Silver and Gold Mines First Quarter 2026 Financial Results Conference Call and Webcast.

As a reminder, all participants are in a listen-only mode and the conference is being recorded.

After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press then 1 on your telephone keypad.

Should you need assistance during the conference call, you may signal an operator by pressing and 0.

I would now like to turn the conference over to Jennifer North, Head of Investor Relations. Please go ahead.

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Unidentified_2 [2]

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