Canada · Delayed Price · Currency is CAD Avino Silver & Gold Mines Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw record cash and strong earnings, driven by a 59% production increase at La Preciosa and robust silver prices. The company released its first mineral reserve estimate, repurchased shares, and maintained high margins despite cost pressures and currency headwinds.
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Record Q1 results featured $39.4M revenue, $15.9M net income, and strong cash flow, driven by higher silver prices and increased production from both Avino and La Preciosa. Inaugural mineral reserves and expanded drilling support a robust growth outlook for 2026.
Fiscal Year 2025
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Record 2025 results featured $92.2M revenue, $26.6M net income, and strong cash flow, driven by higher silver production and La Preciosa development. Strategic exploration, mill expansion, and resource updates are planned for 2026.
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Significant production growth is underway, driven by three core assets and a five-year organic plan. Financials are strong with high margins, robust cash, and efficient operations. Apollo Silver advances Calico and Cinco de Mayo, targeting major resource expansion.
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Record Q3 2025 results featured 44% revenue growth, record net income, and strong cash flow, driven by operational excellence and the early ramp-up of La Preciosa. Guidance remains robust, with further production and resource growth expected in 2026.
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Three assets in Durango are driving a plan to triple production by 2029, with La Preciosa and the Oxide Tailings Project set to join Avino as producing mines. Strong financials, recent permitting success, and a focus on silver and gold position the company for significant growth.
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Q2 2025 saw record revenues, improved margins, and robust production, with strong progress at La Preciosa and a healthy cash position. Costs declined year-over-year, and guidance for 2025 production was reaffirmed, supporting a positive outlook.
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Record Q1 2025 results featured a 52% revenue increase, record net income, and strong margins, driven by higher production and lower costs. La Preciosa development is advancing, with meaningful contributions expected in 2026, and the company remains focused on organic growth.
Fiscal Year 2024
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Record 2024 results included a 51% revenue increase, strong cash flow, and operational improvements. La Preciosa development is underway, with initial ore expected in Q4 2025 and stable cost guidance supported by hedging.
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Q3 2024 saw a 13% year-over-year increase in silver equivalent production, record gross profit, and strong cash flow, with improved operational performance and cost reductions. La Preciosa is nearing final approval for underground development, supporting a five-year growth plan.
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Q2 2024 delivered record revenue, a 26% increase in silver production, and strong cash flow, driven by La Preciosa stockpile processing and higher metal prices. Permitting for La Preciosa underground mining is progressing, with significant growth expected upon approval.