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ASMBullishCorporate DevelopmentsShort Term

High materiality7/10

Avino Announces Q2 2026 Production Results

StockNews.AIJul 22, 7:15 AM EDT1 source

Trading thesisImportance 7/10

Short-term bullish as La Preciosa ramp and reserve upgrades may lift ASM valuation before Aug 12 results.

AI summary

What happened and why it matters

Avino reported Q2 2026 production of 267,305 oz silver, 2,178 oz gold, and 729,929 lb copper, totaling 534,945 AgEq oz. La Preciosa development ore rose 59% QoQ, with mill throughput at 184,293 tonnes. Management expects 2026 production to tilt to the second half as La Preciosa ramps, supported by inaugural reserves of 95 Moz Ag, 0.41 g/t Au, and 85 M lbs Cu.

La Preciosa ramp supports higher AgEq output and potential valuation expansion.
Inaugural reserves highlight upside: 95 Moz AgEq from Avino assets.
NCIB buyback reduces float and may lift EPS and share price.
Earnings on Aug 12 could provide color on margins and cash flow.

Sentiment rationale

Solid Q2 output with La Preciosa ramp; reserve upgrades imply higher long-term value; share buyback tightens float; catalysts include Aug 12 earnings and potential further clarity on margins and cash flow.

Key facts

01
Q2 2026: 267k oz Ag, 2.18k oz Au, 730k lb Cu; 534.9k AgEq.
02
La Preciosa contributed 100,658 AgEq oz; 84,806 Ag oz, 182 Au oz.
03
Mill throughput: 184,293 tonnes; La Preciosa development above plan.
04
Inaugural reserves: 27 Mt, 95 Moz Ag, 356 koz Au, 85 M lbs Cu.
05
NCIB: Avino repurchased 508,039 shares; up to 8.43M by Apr 2027.

Corporate Developments

Corporate Developments: production, reserve updates, and capital allocation actions indicate near-term upside potential and strategic ramp-up at La Preciosa.