Monitor the Q3 2026 financial results scheduled for November 4, 2026, particularly cash costs and all-in sustaining costs given the sharp decline in silver recovery rates (70% vs 84% last year) and the shift to lower-grade development ore. The La Preciosa transition to production long-hole mining in coming quarters is the key catalyst for grade improvement.
Price Chart
Executive Summary
Avino Silver & Gold Mines reported Q3 2026 production results showing a 2% increase in silver-equivalent ounces year-over-year (582,836 oz vs 571,775 oz), driven by a 15% rise in silver production to 303,189 oz. However, gold production fell 10% to 1,732 oz and copper production dropped 8% to 1.2 million lbs. Mill throughput was flat at 190,379 tonnes, while silver recovery rates declined sharply to 70% from 84% in Q3 2025. The company continues to advance the La Preciosa project, with development ore contributing 105,867 AgEq oz and over 3,000 metres of development completed.
Key Facts
- Q3 2026 total production: 582,836 silver-equivalent ounces, up 2% from 571,775 oz in Q3 2025
- Silver production: 303,189 oz, up 15% from 263,231 oz in Q3 2025
- Gold production: 1,732 oz, down 10% from 1,935 oz in Q3 2025
- Copper production: 1,202,821 lbs, down 8% from 1,307,429 lbs in Q3 2025
- Mill throughput: 190,379 tonnes, up 1% from 188,757 tonnes in Q3 2025
- Silver recovery rate fell to 70% from 84% in Q3 2025; gold recovery fell to 67% from 74%
- La Preciosa contributed 105,867 AgEq oz from development ore, up 5% from Q2 2026
- Over 3,000 metres of development completed at La Preciosa; long-hole production mining preparation nearly complete on Level 3
- YTD 2026 silver-equivalent production: 1,685,893 oz, down 6% from 1,797,824 oz in YTD 2025
- Company repurchased 784,771 common shares under NCIB through September 30, 2026
Financial Impact
Production results are operational only; no financial data provided. Silver-equivalent production up 2% YoY but YTD down 6%. Silver recovery deterioration is a notable negative.
Risk Factors
- Silver recovery rates declined significantly to 70% from 84% in Q3 2025, which could pressure unit costs
- YTD silver-equivalent production down 6% vs prior year despite Q3 uptick
- Copper production continues to decline (YTD -25%), reducing by-product revenue contribution
- La Preciosa development ore grades were below plan; transition to production mining may take longer than expected
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001477932-26-006245 |
| Document: avino_6k.htm | 0001477932-26-006245 |
| Document: 0001477932-26-006245-index-headers.html | 0001477932-26-006245 |
| Document: 0001477932-26-006245-index.html | 0001477932-26-006245 |
| Document: 0001477932-26-006245.txt | 0001477932-26-006245 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | — | awaiting T+1 | — | — |
Oct 15, 2026 11d ago | 6-K | $5.19 $5.33 | ▲ +2.70% | ▲ +3.80% | $4.60 (−11.37%) |
Sep 9, 2026 6w ago | 6-K | $7.36 $7.12 | ▼ −3.26% | ▼ −2.66% | $4.60 (−37.50%) |
Aug 12, 2026 10w ago | 6-K | $7.14 $6.91 | ▼ −3.22% | ▼ −3.92% | $4.60 (−35.57%) |
Aug 12, 2026 10w ago | 6-K | $7.14 $6.91 | ▼ −3.22% | ▼ −3.92% | $4.60 (−35.57%) |
Jul 22, 2026 13w ago | 6-K | $6.26 $5.69 | ▲ +9.11% | ▲ +7.87% | $4.60 (+26.52%) |
Jun 11, 2026 19w ago | Institutional Cluster | $5.98 $6.39 | ▲ +6.86% | ▲ +6.32% | $4.60 (−23.08%) |
Jun 8, 2026 20w ago | 6-K | $5.98 $5.77 | ▼ −3.51% | ▼ −3.22% | $4.60 (−23.08%) |
Jun 1, 2026 21w ago | 6-K | $7.29 $7.42 | ▲ +1.78% | ▲ +1.64% | $4.60 (−36.90%) |
May 27, 2026 21w ago | 6-K | $7.16 $7.32 | ▲ +2.23% | ▲ +1.99% | $4.60 (−35.75%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers