Avino Silver & Gold Mines budgets FY26 Avino Mine capex $2M-$3M

The company said, “For 2026, the Company will provide cost guidance using a gold-to-silver ratio of 80:1 and a copper-to-silver ratio of 1:232, as well as a foreign currency assumption for MXN:USD of 18.75:1. The Company is projecting its 2026 consolidated AISC to be between $25.00 and $27.00 per payable AgEq oz. Although higher silver prices improve overall economics of the operations, the lower equivalent ratios for all three metals used in reporting has reduced the number of silver equivalent ounces over which costs are allocated. As a result, our cash costs and AISC per AgEq oz appear higher than recent years results. These higher costs are more than offset by significantly increased expected revenues for silver ounce sales. Applying the Company’s 2025 AgEq ratios to 2026 projected costs per AgEq would guide for cash costs and AISC of approximately $16.00 to $18.00 and $22.00 to $24.00, respectively. The Company’s budgeted growth capital for 2026 includes expenditures at the Avino Mine and La Preciosa. Growth capital includes underground mining equipment, mine development and surface works, as well as deeper mine development below the bottom of the current mining operation at Avino, along with mill and processing upgrades. At the Avino Mine, the exploration budget will include 15,000 metres of drilling and will be focused on under explored veins on the property. Additional regional exploration has been budgeted for several targets. Total exploration expenditures at Avino are budgeted between $2 million and $3 million for 2026. At La Preciosa, 15,000 metres of drilling has been budgeted on the property. The focus will be on under explored areas including infill and extension drilling between La Gloria and Abundancia. Total exploration expenditures for La Preciosa are budgeted between $2 million and $3 million for 2026. At the Avino Mine, budgeted sustaining capital includes maintenance and replacement of existing underground mining equipment. Mine development includes a combination of ramp development below the current deepest underground level, as well as further development within the current underground mining operations.”