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Avino Posts $11.1 Million In Adjusted Net Income as Costs Run Ahead of Guidance
['Jay Lutz']
the deep dive
EBITDA rose 69% to $12.6 million, and cash from operations climbed 59% to $13.3 million.
Cash costs came in at $28.62 per silver equivalent ounce and all-in sustaining costs at $38.75, increases of 89% and 85%, against full-year guidance of $19 to $21 and $25 to $27, respectively.
First half production of 1.1 million silver equivalent ounces sits just under half the bottom end of the 2.4 million to 2.7 million ounce annual target.
Avino did not revisit that guidance, noting only that output will be “more heavily weighted to the second half of 2026.”
Avino Silver last traded at $10.19 on the TSX.