Avino Silver & Gold Mines (TSX:ASM) Is Down 13.3% After Q1 Profit, Revenue Rise – What’s Changed

• In the past quarter ended March 31, 2026, Avino Silver & Gold Mines Ltd. reported sales of US$39.43 million and net income of US$15.91 million, both higher than a year earlier, with basic earnings per share from continuing operations rising to US$0.10.
• The combination of nearly doubled sales and improved earnings per share suggests stronger operational performance that may influence how investors assess Avino’s growth and profitability outlook.
• We’ll now examine how Avino’s stronger first-quarter profitability and revenue growth could reshape the company’s existing investment narrative and risk profile.

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Avino Silver & Gold Mines Investment Narrative Recap

To own Avino, you generally need to believe in its ability to turn its Mexican silver, gold, and copper assets into consistent cash flow while managing costs and mine life. The sharp jump in Q1 2026 revenue to US$39.43 million and net income to US$15.91 million supports the near term profit story, but the key catalyst still revolves around executing its growth plans efficiently, while the biggest risk remains exposure to metal prices and maintaining margins if conditions change.

Among recent announcements, the April 2026 mineral reserve and resource update is most relevant here, as it underpins the production base behind these stronger Q1 results. With 301 million silver equivalent ounces in measured and indicated resources and 127 million silver equivalent ounces in reserves, this update provides context for how current profitability sits on top of a sizeable resource platform, which could be crucial for supporting future production, sustaining earnings, and easing some concerns about long term depletion risk.

Yet while current profits look healthy, investors should also be aware that…

Read the full narrative on Avino Silver & Gold Mines (it’s free!)

Avino Silver & Gold Mines’ narrative projects $197.7 million revenue and $70.6 million earnings by 2029.

Uncover how Avino Silver & Gold Mines’ forecasts yield a CA$9.00 fair value, a 3% downside to its current price.

Exploring Other Perspectives

The most optimistic analysts were already modeling revenue of about US$278 million and earnings near US$125 million by 2029, which is far more ambitious than consensus and could be tested or reinforced by how Avino manages its heavy reliance on silver prices after this strong quarter.

Explore 8 other fair value estimates on Avino Silver & Gold Mines – why the stock might be worth just CA$9.00!

The Verdict Is Yours

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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