Avino Silver & Gold Mines Revenue More Than Doubles
The company reported revenue from mining operations of $39.4 million for the three months ended March 31, 2026
Avino Silver & Gold Mines Ltd. (ASM), a producer of silver, gold, and copper, reported revenue from mining operations of $39.4 million for the three months ended March 31, 2026. This figure represents an increase from the $18.8 million recorded during the same period in 2025.
Mine operating income rose to $23.4 million from $10.6 million in the prior-year period. The company's cost of sales for the quarter was $16.0 million, compared to $8.3 million for the three months ended March 31, 2025. General and administrative expenses rose to $2.9 million from $2.1 million.
Cash and cash equivalents increased to $138.6 million as of March 31, 2026, up from $101.7 million at December 31, 2025. This change was supported by $26.0 million provided by financing activities. The company used $2.7 million in investing activities during the period, which included $2.7 million for additions to plant, equipment, and mining properties and $53,000 for exploration and evaluation expenditures.
Other financial items impacted the quarterly results. The company recorded a foreign exchange gain of $3.2 million, compared to a $99,000 loss in the previous year. It also recognized an unrealized loss on derivatives of $1.1 million, whereas it had recorded an unrealized gain of $405,000 in the same period in 2025.
Total assets stood at $318.8 million at the end of the first quarter of 2026, compared to $279.0 million at the end of 2025. Total liabilities decreased to $43.4 million from $45.0 million during that same timeframe.
Avino operates the Elena Tolosa Mine in Durango, Mexico, and holds a 100% interest in the La Preciosa Property.