Avino Silver & Gold Mines

Name

Avino Silver & Gold Mines

Legal name

Avino Silver and Gold Mines Ltd.

Website

https://avino.com

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Precious Metals Mining

NAICS

Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Silver Mining (IMAKAEAB)

akta.pro secondary industry

Gold Mining (IMAKAEAA)

Keywords

• Silver mining production
• Precious metals mining
• Gold copper concentrates
• Mineral resource extraction
• Silver concentrate offtake

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Silver, Gold, and Copper Concentrate Sales: Primary revenue from mining and processing silver, gold, and copper ore into concentrates sold to smelters. In Q1 2026, 60% of revenues derived from silver production. Concentrates shipped monthly from Manzanillo, Mexico. Production remains unhedged.
2. Metal Price Sensitivity: Company benefits from elevated silver prices with strong operational leverage. Q1 2026 revenue of $39.4 million with $86.42 average realized silver price per ounce, and 65% EBITDA margin indicating high margin per ounce sold.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Avino Silver & Gold Mines is a primary silver producer that mines and processes silver, gold, and copper ore from its 100% owned properties in Durango, Mexico, producing mineral concentrates that are sold directly to smelters and trading partners globally. The company operates the producing Avino Mine, is developing the adjacent La Preciosa Mine, and is advancing the Oxide Tailings Project for reprocessing of historic tailings, with monthly concentrate shipments dispatched from the port of Manzanillo, Mexico.

Product overview

Avino Silver & Gold Mines is a precious metals mining company operating a portfolio of mining assets in Durango, Mexico. The company operates as a primary silver producer with four distinct asset categories: the producing Avino Mine (underground operation producing silver, gold, and copper concentrates), the development-stage La Preciosa Mine (adjacent underground project ramping up production), the Oxide Tailings Project (surface reprocessing of historic tailings in pre-construction phase), and the San Gonzalo Mine (currently on care and maintenance). All operations are located in Durango, Mexico, with the company pursuing a strategy to become a multi-asset mid-tier silver producer.

Differentiator

Problem solved

Functional benefit

Products and services

• Avino Mine Underground silver, gold, and copper mine located in Durango, Mexico. The primary producing asset utilizing conventional flotation processing at the Elena Tolosa deposit, operating at approximately 1,000 tonnes per day throughput capacity. Sells silver, gold, and copper concentrates to global smelters.
• La Preciosa Mine Development-stage underground silver mine located 19 km from Avino operations in Durango, Mexico. Hosts one of the largest undeveloped primary silver resources in Mexico with three main veins (Gloria, Abundancia, Martha). Development and material extraction underway as of 2025-2026, with potential to triple Avino's production by 2029.
• Oxide Tailings Project Surface processing project to reprocess historic tailings from Avino's past operations to recover remaining silver, gold, and copper using dynamic leaching technology. Pre-feasibility study completed in February 2024 indicates 9-year mine life with 6.7 million tonnes of proven and probable mineral reserves.
• San Gonzalo Mine Underground silver-gold mine currently on care and maintenance, located 2 km northeast of the Avino Mine. Produced over 6 million silver equivalent ounces at under US$10 per ounce AISC over its 7-year mine life from 2012-2019.
• Exploration Targets (Aranjuez and El Hueco) Non-core exploration properties including Aranjuez (gold-silver epithermal targets 6 km west of Avino Mine) and El Hueco (high-grade silver-gold potential in Sierra San Francisco). Represents early-stage pipeline optionality.

Quantifiable outcome

• 109% revenue growth in Q1 2026 vs Q1 2025
• +4 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Coeur MiningcoreStrategic or Co-development Partner · 1 March 2022Acquired La Preciosa project from Coeur Mining in March 2022 for over US$29 million in various forms (cash, shares, warrants, royalties, future payments). Coeur acquired approximately 12-16% of Avino's shares as part of the transaction, creating ongoing equity alignment.
• Samsung C&TcoreStrategic or Co-development PartnerLong-term offtake agreement with Samsung C&T for metal concentrate sales. The decade-long agreement represents a key strategic partnership providing sales certainty and established trading relationship for Avino's production.
• Tetra Tech Canada Inc.coreTechnology or IntegrationEngineering consultancy engaged for technical reports, NI 43-101 compliance, and the Oxide Tailings Project Pre-Feasibility Study. Responsible for mineral reserve and resource estimates.

Scale indicators19 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Endeavour Silver Corp: Endeavour Silver is a mid-tier silver mining company operating three underground silver-gold mines in Mexico (Guanacevi, Bolanitos, Terronera), making it a direct geographic and product peer to Avino. Both companies target Mexican primary silver production.
• MAG Silver Corp: MAG Silver is a Canadian-focused silver exploration and development company with primary asset Juanicipio in Mexico, making it a direct peer to Avino as a Mexican-focused primary silver developer. Recently lost its Chief Development Officer Marc Turcotte to Avino.
• Gatos Silver Inc: Gatos Silver is a silver-zinc producer with its flagship Cerro Los Gatos mine in Mexico. Comparable mid-tier silver producer focused on Mexican operations with concentrate sales model similar to Avino.
• Silvercorp Metals Inc: Silvercorp Metals is a Canadian silver mining company producing silver, lead, and zinc concentrates primarily from operations in China. Comparable mid-tier primary silver producer selling concentrates to smelters with similar capital markets profile.
• Coeur Mining Inc: Coeur Mining is a US precious metals producer with Mexican silver assets (Palmarejo) and the seller of La Preciosa to Avino in 2022. Direct peer as a North American-focused silver-gold producer and counterparty with 12-16% stake in Avino.
• First Majestic Silver Corp: First Majestic is one of the largest primary silver producers globally with operations exclusively in Mexico, including the San Dimas, Santa Elena, and La Encantada mines. Closely comparable to Avino on Mexican silver production focus and concentrate sales model.
• Fortuna Mining Corp: Fortuna Mining (formerly Fortuna Silver Mines) operates the San Jose silver-gold mine in Mexico and has grown through M&A. Direct peer as a Mexican-focused mid-tier silver-gold producer with comparable size and growth strategy.

Emerging players

• Alexco Resource Corp: Alexco Resource held the Keno Hill silver project in Yukon, Canada, and was acquired by Hecla Mining in 2022. Pre-acquisition peer as a primary silver developer with Canadian listing — relevant comparable for Avino's growth trajectory before integration.

Broad incumbents

• Hecla Mining Company: Hecla Mining is the largest primary silver producer in the US with operations across North America, including recent acquisition of Alexco Resource. Larger, more diversified incumbent with overlapping silver focus and Mexican exposure.
• Pan American Silver Corp: Pan American Silver is one of the world's largest primary silver producers with diversified operations across Mexico, Peru, Bolivia, and Argentina. Larger incumbent with significant silver production overlap and Mexican operations (La Colorada, Dolores).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Avino_ASM
• LinkedInlinkedin.com/company/avino-silver-&-gold-mines-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds6 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avino Silver & Gold Mines