The 17% production decline is a clear negative, but La Preciosa's ramp trajectory and share buybacks provide some offset. Monitor the August 12 earnings call for cost data and updated 2026 guidance — if all-in sustaining costs rose meaningfully on lower volumes, the stock could see further pressure.
Price Chart
Executive Summary
Avino reported Q2 2026 production results showing a 17% decline in silver-equivalent ounces year-over-year to 534,945 oz, driven by a 50% drop in copper production from planned mining sequencing into lower-grade areas. La Preciosa development production increased 59% sequentially, and the company repurchased 508,039 shares under its NCIB. The production miss is notable but partially offset by La Preciosa ramp progress and a strong silver/gold price environment.
Key Facts
- Total silver-equivalent production fell 17% YoY to 534,945 oz in Q2 2026
- Copper production dropped 50% YoY to 729,929 lbs due to planned mining sequencing
- La Preciosa silver production increased 59% sequentially, contributing 100,658 AgEq oz
- Mill throughput was 184,293 tonnes, down 4% YoY
- Avino repurchased and cancelled 508,039 common shares in Q2 under its NCIB
- Inaugural mineral reserves announced April 2026: 27M tonnes containing 127M AgEq oz
Financial Impact
Q2 2026 production of 534,945 AgEq oz vs 645,602 AgEq oz in Q2 2025 — a decline of 110,657 oz or 17%
Risk Factors
- Further copper grade deterioration at Avino mine
- La Preciosa ramp delays or higher-than-expected costs
- Falling silver/gold prices would compound production decline impact
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001477932-26-004436 |
| Document: avino_6k.htm | 0001477932-26-004436 |
| Document: 0001477932-26-004436-index-headers.html | 0001477932-26-004436 |
| Document: 0001477932-26-004436-index.html | 0001477932-26-004436 |
| Document: 0001477932-26-004436.txt | 0001477932-26-004436 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 6-K | $4.60 $4.82 | ▲ +4.78% | ▲ +4.22% | $4.82 (+4.78%) |
Oct 15, 2026 12d ago | 6-K | $5.19 $5.33 | ▲ +2.70% | ▲ +3.80% | $4.82 (−7.13%) |
Sep 9, 2026 6w ago | 6-K | $7.36 $7.12 | ▼ −3.26% | ▼ −2.66% | $4.82 (−34.51%) |
Aug 12, 2026 10w ago | 6-K | $7.14 $6.91 | ▼ −3.22% | ▼ −3.92% | $4.82 (−32.49%) |
Aug 12, 2026 10w ago | 6-K | $7.14 $6.91 | ▼ −3.22% | ▼ −3.92% | $4.82 (−32.49%) |
Jul 22, 2026 13w ago | 6-K | $6.26 $5.69 | ▲ +9.11% | ▲ +7.87% | $4.82 (+23.00%) |
Jun 11, 2026 19w ago | Institutional Cluster | $5.98 $6.39 | ▲ +6.86% | ▲ +6.32% | $4.82 (−19.40%) |
Jun 8, 2026 20w ago | 6-K | $5.98 $5.77 | ▼ −3.51% | ▼ −3.22% | $4.82 (−19.40%) |
Jun 1, 2026 21w ago | 6-K | $7.29 $7.42 | ▲ +1.78% | ▲ +1.64% | $4.82 (−33.88%) |
May 27, 2026 21w ago | 6-K | $7.16 $7.32 | ▲ +2.23% | ▲ +1.99% | $4.82 (−32.68%) |
US Market Status
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