Avino Launches 5% Buyback to Repurchase 8.43 Million Shares
Avino Silver & Gold Mines received TSX approval to repurchase up to 8.43 million shares, or 5% of its 168.6 million outstanding shares, between April 8, 2026 and April 7, 2027. The company anticipates 2026 free cash flow at current silver prices will fully fund the buyback.
1. NCIB Authorization
Avino received TSX approval to repurchase up to 8,428,566 common shares, representing 5% of its 168,571,331 outstanding shares, over a 12-month period from April 8, 2026 to April 7, 2027 with a daily cap of 248,266 shares on the TSX.
2. Financial Rationale
The company cites a strong balance sheet and expects free cash flow at current silver prices in 2026 to fully fund the share repurchases and enhance shareholder returns, with management retaining discretion to suspend the program.
3. Automatic Share Purchase Plan
An ASPP has been established to enable repurchases during customary black-out periods under pre-set parameters; all shares acquired under the NCIB and ASPP will be cancelled.