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Canada's Avino Q3 revenue rises 59% on higher silver prices

By Reuters News


Overview

  • Canada silver miner's Q3 revenue rose 59% yr/yr on higher silver prices and production

  • Adjusted EPS for Q3 rose 14% from a year earlier

  • Company repurchased over 1 mln shares under normal course issuer bid


Outlook

  • Avino lowers 2026 silver equivalent production guidance to 2.2-2.5 mln oz from 2.4-2.7 mln oz

  • Company raises 2026 cash cost guidance to $22-$24/oz from $19-$21/oz

  • Avino increases 2026 AISC guidance to $30-$32/oz from $25-$27/oz


Result Drivers

  • HIGHER SILVER PRICES - Co said average realized silver price rose 66% yr/yr, supporting revenue growth

  • INCREASED SILVER OUTPUT - Silver production rose 15% yr/yr, contributing to higher revenues

  • HIGHER PRODUCTION COSTS - Cash cost and AISC per silver equivalent ounce sold rose sharply due to processing lower-grade development ore at La Preciosa


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

Miss

$0.08

$0.13 (1 Analyst)

Q3 EPS

$0.03


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the diversified mining peer group is "buy"

  • Wall Street's median 12-month price target for Avino Silver & Gold Mines Ltd is C$13.00, about 117.8% above its November 3 closing price of C$5.97

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago


Reuters Recommended Reads

  • Nov 3 - SSR Mining Q3 revenue and adjusted net income rise year over year

  • Nov 3 - Canada's Triple Flag Q3 revenue rises, slightly misses estimates

  • Nov 3 - Hecla Mining's Q3 revenue rises 18%, beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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