Avino Silver & Gold Mines Ltd. generated $26.8 million in revenues for the second quarter of 2026, marking a 23% increase compared to $21.8 million in the same period of 2025.

Net income expanded significantly to $10.9 million, or $0.06 per diluted share, up from $2.9 million, or $0.02 per diluted share, in the prior-year period. Mine operating income reached $13.0 million, representing a 27% rise over Q2 2025. Cash provided by operating activities grew 59% to $13.3 million.

The financial results were underpinned by higher realized metal prices. Avino realized an average silver price of $68.90 per ounce during the quarter, more than double the $33.85 per ounce recorded in Q2 2025. Silver accounted for 54% of total quarterly revenues. Against this pricing backdrop, silver traded at $66.31 per ounce as of August 12, 2026, representing a 30-day increase of 14.54%.

Production across the company's operations totaled 534,945 silver equivalent ounces during the quarter, comprising 267,305 ounces of silver, 2,178 ounces of gold, and 729,929 pounds of copper from 184,293 tonnes milled. Cash costs per silver equivalent payable ounce rose to $28.62 from $15.11 in Q2 2025, while all-in sustaining costs increased to $38.75 per ounce from $20.93.

Operational performance benefited from increased extraction at the La Preciosa project in Durango, Mexico, where development production rose 59% from the first quarter of 2026. The increase followed the availability of Mill Circuit 2, contributing 100,658 silver equivalent ounces consisting of 84,806 silver ounces and 182 gold ounces.

"During the second quarter, the Company continued its main focus of advancing La Preciosa while free cash flow from Avino further adds to the balance sheet quarter after quarter," said David Wolfin, President and CEO. "With La Preciosa development material doubling in mine and mill throughput during the quarter, our transformational growth plan toward becoming a Mexico-focused mid-tier primary silver producer remains on track, and we continue working on delivering long-term value for our shareholders."

Drilling activity at La Preciosa remains active, with 6,591 metres completed by the end of the second quarter toward a planned 15,000-metre exploration program for 2026. Operations have shifted from infill drilling to exploration and step-out holes targeting vein intersections and projections.

Read the full announcement: Avino Reports Q2 2026 Financial Results