Past year: ▲ 17%(6.53 – 13.12 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
1 June 2026resource reserve update● Neutral
Filed an updated technical report for the Avino property with an effective date of 29 May 2026, with consents from five qualified persons including Michael O'Brien and Hassan Ghaffari - the first full property report since the February 2023 resource update, and the first to be filed with La Preciosa contributing mill feed.
16 Apr 2026resource reserve update▲ GoodMajor
The first mineral reserves in the company's history: 27 million tonnes containing 95 million ounces of silver at 109 g/t, 356,000 ounces of gold and 85 million pounds of copper - 127 million silver-equivalent ounces - across La Preciosa, the Avino mine and the oxide tailings, effective 31 October 2025. Forty-two per cent of resources converted to reserves, and measured and indicated resources stand at 301 million silver-equivalent ounces. Fourteen years after restarting San Gonzalo, and after a 2012 cease trade order over its resource disclosure, Avino finally has reserves rather than only resources.
26 Jan 2026drilling result▲ Good
Six holes completing the 2025 La Preciosa program, one twin and five infill: 585 g/t silver over 4.90 metres true width in PMLP 25-12 and 694 g/t silver over 4.52 metres at Gloria in PMLP 25-14, both with high-grade cores above 2,200 g/t. All six returned good silver grades and the vein model holds.
27 Oct 2025drilling result▲ Good
Four more twin holes at La Preciosa: 787 g/t silver over 5.22 metres true width in PMLP 25-06, 306 g/t silver and 1.15 g/t gold over 3.98 metres at Gloria and 463 g/t silver over 4.00 metres at Abundancia in PMLP 25-08. Continued verification of the inherited resource model rather than expansion.
18 Aug 2025drilling result▲ GoodMajor
First drilling Avino has reported at La Preciosa, four twin holes into the Gloria and Abundancia veins: 1,638 g/t silver and 1.92 g/t gold over 7.90 metres true width in PMLP 25-03, including 15,352 g/t silver over 0.37 metres, and 544 g/t silver over 6.42 metres in PMLP 25-04. The purpose was to verify Coeur's vein model rather than to find anything new, and the company says grades exceeded expectations while noting the pinch-and-swell geometry and nugget effect make single intercepts unreliable.
21 Mar 2024resource reserve update▲ GoodMajor
Filed a prefeasibility study on the oxide tailings project dated 5 February 2024 - a step up in study rigour from the preliminary assessments of 2012 and 2017, and the first time the tailings have been taken past the preliminary stage in twelve years of trying.
14 Sept 2023drilling result▲ GoodMajor
Four more deep step-outs southwest of ET 23-09 all returned width above the cut-off: 0.70% copper, 31 g/t silver and 0.21 g/t gold over 44.40 metres true width in ET 23-13, and 0.39% copper with 36 g/t silver over 27.15 metres in ET 23-10. The company is also tracing a hanging-wall breccia reachable through existing development and is working it into a mine plan.
5 July 2023drilling result▲ GoodMajor
Hole ET 23-09, a 50-metre step-out west at 200 metres below Level 17, returned 296 g/t silver-equivalent over 57 metres true width, including 407 g/t over 37 metres and 2,866 g/t over 3.43 metres - which the company calls the best hole in its 55-year history, and the width supports the claim. Known mineralisation now extends at least 750 metres in depth, unusual for a Mexican epithermal system, and the vein remains open along strike and at depth.
23 May 2023drilling result▲ GoodMajor
Ten more holes below Level 17 extended the Avino vein to 500 metres below the lowest mining level and at least 1,100 metres from surface outcrop, with 120 g/t silver-equivalent over 48.40 metres. A previously unknown breccia vein was found 15 to 30 metres below the Avino vein in the footwall intrusive, one intercept running 1,165 g/t silver-equivalent over 0.33 metres.
31 Mar 2023resource reserve update● Neutral
Filed the full technical report behind the February 2023 resource update on SEDAR and with the SEC, completing that disclosure.
27 Feb 2023resource reserve update● Neutral
Filed an updated mineral resource estimate for the Avino property effective 16 February 2023, with consents from Tetra Tech Canada and Red Pennant Geoscience. The row's title was taken from the Red Pennant consent letter rather than from the resource document itself.
16 Feb 2023resource reserve update▲ GoodMajor
Consolidated resources reached 368 million silver-equivalent ounces across all properties. On the Avino property alone, measured and indicated rose 38% to 161 million silver-equivalent ounces in 34.7 million tonnes - 70 million ounces of silver, 596,000 ounces of gold and 136,700 tonnes of copper - with inferred up 90%, and first estimates were added for the Guadalupe and La Potosina deposits found in the 2021 drilling.
5 Jan 2023drilling result▲ GoodMajor
Four holes extended the Avino vein a further 315 metres down dip, taking known continuity to 800 metres below surface against the 483 metres mined so far. Hole ET 22-12 returned 248 g/t silver-equivalent over 16.66 metres, including 371 g/t over 8.57 metres true width, at 1.63% copper - again confirming the vein gets richer in copper with depth.
11 Oct 2022drilling result▲ GoodMajor
Six more holes below Level 17 returned 150 g/t silver-equivalent over 26.77 metres, including 1,800 g/t over 0.28 metres, confirming widths and grades at or above what is currently being mined at the deepest working level. It builds directly on the June 2022 results and is what allowed the vein to be traced 315 metres deeper by January 2023.
13 June 2022drilling result▲ GoodMajor
Six holes below Level 17 at Elena Tolosa cut 206 g/t silver-equivalent over 41 metres, confirming the Avino vein continues at least 290 metres down dip below current development with widths and grades intact. The release notes the copper-to-silver ratio rises consistently with depth, from under 100 above level 8 to over 400 at level 17 and below - so the deeper ore is progressively more a copper deposit than a silver one.
9 Mar 2022drilling result▲ Good
2,400 metres at La Potosina, 3 kilometres from San Gonzalo and 5 from the mill, returned 668 g/t silver-equivalent over 2.95 metres. The area was drilled over a decade ago - one historic hole gave 329 g/t silver-equivalent over 6.30 metres including 2,737 g/t over 0.40 metres - and was only accessible again after a surface rights agreement in early 2022.
10 Jan 2022drilling result▲ Good
Phase 2 of the 2021 program, over 15,500 metres in total, hit 32.2 metres at 151 g/t silver-equivalent on the Brecha de Bajo vein close to the working ET underground - wide, moderate-grade material where the mine already is. A new mineralised splay was found and named the Bart vein after the site geologist.
22 Dec 2021resource reserve update▲ GoodMajor
Filed the Tetra Tech resource report on La Preciosa ahead of closing the Coeur purchase: 113 million silver-equivalent ounces indicated in 17.4 million tonnes at 202 g/t silver-equivalent, plus 24 million ounces inferred, at a 120 g/t cut-off. That single asset holds more silver-equivalent ounces than everything Avino owned before it.
16 Dec 2021resource reserve update● Neutral
Filed the La Preciosa resource technical report on 10 December 2021, supporting the October acquisition announcement.
15 July 2021drilling progress report▲ Good
Phase 1 results from the 2021 program: 865 g/t silver-equivalent over 0.80 metres at Santiago and 820 g/t over 1.40 metres at La Malinche. High grades over sub-two-metre widths, from a few holes at each of several targets - reconnaissance work looking for another San Gonzalo, not a defined deposit.
16 Feb 2021drilling progress report▲ Good
Launched a 12,000 metre drill program across the 1,104-hectare property, aimed at confirming vein continuity and testing areas of known historic high grade that could add to future mill feed - the biggest exploration commitment since the Bralorne sale returned the company's focus to Durango.
13 Jan 2021resource reserve update▲ GoodMajor
Measured and indicated resources at the Avino property rose 60% to 75.9 million silver-equivalent ounces, on a 90% increase in tonnage to 20.3 million tonnes, with gold and copper grades up 6% and 11% - but consolidated silver grade fell 10% to 69 g/t because San Gonzalo is being depleted. Inferred slipped 6% to 21.8 million ounces. More tonnes at lower silver grade is a different company from the one that started at San Gonzalo's 300 g/t.
17 Dec 2018drilling result▲ Good
First Bralorne results from the flow-through-funded program: 29.5 g/t gold over 0.88 metres in the up-dip extension of the 27 Vein, from three of six holes. High grade over very narrow widths, which is what Bralorne has always been, and it confirms vein continuity above historic workings.
4 Dec 2018drilling result▲ Good
Eleven short holes totalling 924.65 metres into the walls of the old Avino open pit found vein and stockwork material the historic operation had left behind, less than 120 metres from surface, provisionally named the El Hundido zone. Results include 3.95 metres at 1.47 g/t gold, 323 g/t silver and 0.30% copper in ET-18-04, and 11.25 metres at 0.62 g/t gold, 112 g/t silver and 0.86% copper in ET-18-06. Near-surface material at an existing pit is cheap ounces if it holds up.
11 July 2018drilling result● Neutral
Drilling outside the active mining areas returned broad, low-grade intercepts in the Elena Tolosa area - 15.4 metres at 129 g/t silver, 0.20 g/t gold and 0.64% copper in ET-17-30, and 42.75 metres at 46 g/t silver and 0.44% copper in the footwall breccia of the same hole - while the Guadalupe veins near San Gonzalo are about a metre thick. True widths could not be determined. Management describes Guadalupe as a longer-term target, which is the honest reading.
20 June 2018drilling progress report● Neutral
Set out how the C$6.0 million of flow-through money raised in April 2018 will be spent at Bralorne over 2018 and 2019. Flow-through shares can only fund Canadian exploration, so the raise commits Avino to spending on Bralorne rather than on the producing Mexican mines.
10 Apr 2018resource reserve update● Neutral
The resource report behind the February 2018 estimate, effective 21 February 2018 and prepared by Tetra Tech with Michael O'Brien again among the qualified persons.
21 Feb 2018resource reserve update▲ GoodMajor
Thirty-four new drill holes lifted measured and indicated resources by about 225% in tonnage, to 10.7 million tonnes containing 47.5 million silver-equivalent ounces (26.3 million ounces of silver, 217,000 ounces of gold and 86 million pounds of copper), while inferred fell 25% to 6.09 million tonnes and 23.2 million silver-equivalent ounces as material converted upward. The gain came from drilling between the San Luis workings and the producing ET area, so it is mill feed close to existing infrastructure rather than a new discovery.
11 Dec 2017drilling progress report● Neutral
Planned an 8,000 metre drill program at Bralorne for January 2018, targeting nine gold-bearing veins that already carry resources, under a Mines Act permit amendment granted in November 2017. Three years after buying Bralorne, the mine is still an exploration project.
30 May 2017resource reserve update● NeutralMajor
Filed the oxide tailings study: a pre-tax net present value of US$40.5 million at 8%, a 48.4% return, two-year payback and US$28.5 million of capital for a seven-year life treating 3.12 million tonnes of old plant residue. The company states plainly that the study rests on inferred resources and is not a reserve. Five years on from the first tailings study the value is little changed, and the project is still not built.
