Avino Silver & Gold Mines management commentary cites higher metal prices driving YTD 2026 net income growth
Bitget2026/11/04 23:13- Avino Silver & Gold Mines management commentary reported Q3 2026 net income fell 21% to USD 6.1 million.
- Higher income taxes weighed on earnings; long-term investment losses replaced a year-earlier gain.
- Revenue rose 59% to USD 33.39 million as higher realized metal prices offset lower payable silver-equivalent ounces sold.
- Cost of sales increased to USD 18.55 million, driven by higher depreciation, expanded La Preciosa operations and a stronger Mexican peso.
- Mine operating income rose 50% to USD 14.83 million, supported by higher metal prices and favorable provisional pricing adjustments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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