Q2 2026 Avino Silver & Gold Mines Ltd Earnings Call Transcript

Aug 12, 2026 / 05:00 PM GMT

Release Date Price: €6.19 (-1.90%)

Transcript

Key Points

Positve

Avino Silver & Gold Mines Ltd (ASM) reported a record cash position of $144 million and working capital of $141 million, providing a 'bulletproof' balance sheet to fund growth.
The company achieved a transformational milestone with its inaugural mineral reserve estimate of 127 million silver equivalent ounces, underpinning long-term growth.
La Preciosa development production surged 59% quarter-over-quarter, with both mill circuits now processing ore, and the company is close to its 500 tons per day goal.
Net income more than tripled year-over-year to $10.9 million ($0.06 per share), driven by strong silver prices and operational improvements.
The company repurchased and cancelled over 500,000 shares under its NCIB, demonstrating a commitment to returning value to shareholders.
Exploration drilling at La Preciosa and Avino is targeting resource expansion, with early results showing grades above average reserve grades, signaling potential upside.

Negative

Avino Silver & Gold Mines Ltd (ASM) faced a $5 million negative impact from provisional pricing adjustments, which reduced revenues and margins.
Costs per ounce and per ton increased due to processing lower-grade development material at La Preciosa, which is not indicative of long-term costs but pressured current metrics.
The stronger Mexican peso (12-15% vs. Q2 2025) negatively affected costs and margins.
All-in sustaining costs exceeded guidance range at $96 per tonne, partly due to the accelerated shift to La Preciosa material.
Production in Q2 was slightly lower on a silver equivalent basis due to processing oxidized near-surface material at Avino, which had lower recoveries.
The company has not yet provided a clear timeline for reaching full production at La Preciosa, as it is still conducting trade-off studies, creating uncertainty for investors.

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

ASM.TO - Avino Silver & Gold Mines Ltd
Q2 2026 Avino Silver & Gold Mines Ltd Earnings Call
Aug 12, 2026 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Aveeno Silver and Goldmine Second Quarter 2026 Financial Results Conference Call and Webcast. As a reminder, all participants are on 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 star and zero.

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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