Avino Silver & Gold (TSE:ASM)
TSX:ASM
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Earnings Data
Report Date
Aug 18, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.14Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strong net positive operational and financial picture: record revenue, record cash and working capital, robust free cash flow, meaningful earnings growth, and a transformational inaugural reserve estimate underpin the company’s growth thesis. The primary negatives are temporary cost increases tied to processing development (lower-grade) material, a one-time depreciation increase, and execution/permitting risks around drilling ramp-up and oxide tailings expansion. Management argues these cost impacts are short-term and expects normalization as higher-grade production ramps and drilling progresses.Company Guidance
Record Revenue
Revenue of $39.4 million in Q1 2026, a quarterly record, with ~60% of revenue from silver and an average realized silver price of $86.42/oz.
Strong Profitability and Earnings Growth
Net income of $15.9 million ($0.09 diluted EPS) — up from $5.6M ($0.04) in Q1 2025 (~+184% YoY) and up ~51% vs prior quarter ($10.5M). Adjusted earnings were $24.3M ($0.14), up from ~$10.0M ($0.07) in Q1 2025 (~+143%).
Robust Cash Generation and Liquidity
Operating cash flows before working capital adjustments of $18.7 million and free cash flow of $17.2 million (excluding La Preciosa development costs). Cash balance of $139 million (record) and working capital of $140 million; no secured debt other than equipment leases.
Production and Throughput Progress
Quarterly production of ~568,000 silver equivalent ounces. Total mill feed of 185,000 tons, 11% higher than Q1 2025. La Preciosa contributed >14,000 tons during the quarter; throughput averaged ~200–230 tpd at La Preciosa.
Inaugural Mineral Reserve and Resource Milestone
Released inaugural proven & probable mineral reserves of 127 million silver equivalent ounces across three assets (27 million tons at 145 g/t). Measured & Indicated resources: 67 million tons / 301 million AgEq oz at 162 g/t; Inferred: 24.8 million tons / 87.6 million AgEq oz at 123 g/t.
Aggressive Exploration Program
Ambitious 30,000-meter drill program planned across Avino and La Preciosa (15,000 m budgeted for each). As of the call, ~2.6k meters drilled at La Preciosa and ~3k meters at Avino; a fifth drill is being added to scale activity.
Improved Margins and Operating Leverage
Cash-basis margins reported at 68% (excluding depreciation & depletion); mine operating cash flows before taxes of $26.7M demonstrating strong leverage to current metal prices.
Unit Costs Largely In Line with Guidance Using Budget Prices
Reported consolidated cash cost per payable AgEq oz of $24.46 and AISC of $34.72. Using 2026 budget prices, cash cost would be $19.82/oz (within guidance $19–$21) and AISC would be $28.14/oz (slightly above guidance). Consolidated cash cost per ton $64.04 (below guidance), all-in per ton ~$90.80 (just above).
Market Recognition and Institutional Interest
Noted growing institutional investor and ETF interest, broadening the shareholder base and market visibility.
Operational and ESG Initiatives
Ongoing community engagement, water recycling, backfilling of underground workings where appropriate, and reclamation efforts; low labor turnover and established local relationships in Durango, Mexico.
TSE:ASM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:ASM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | C$10.73 | C$10.56 | -1.58% |
Mar 10, 2026 | C$11.14 | C$10.42 | -6.46% |
Nov 06, 2025 | C$5.83 | C$6.03 | +3.43% |
Aug 13, 2025 | C$5.37 | C$5.29 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Avino Silver & Gold (TSE:ASM) report earnings?
Avino Silver & Gold (TSE:ASM) is schdueled to report earning on Aug 18, 2026, After Close (Confirmed).
What is Avino Silver & Gold (TSE:ASM) earnings time?
Avino Silver & Gold (TSE:ASM) earnings time is at Aug 18, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:ASM EPS forecast?
TSE:ASM EPS forecast for the fiscal quarter 2026 (Q2) is 0.14.