Avino Outlines 2026: 1.2M Oz Silver Guide and 30,000m Drilling
Avino forecasts processing of 725,000–750,000 tonnes in 2026, targeting production of 1.0–1.2 million ounces of silver, 5.0–7.0 thousand ounces of gold and 6.0–7.5 million pounds of copper for 2.4–2.7 million silver equivalent ounces. The company plans a 30,000-metre drill program, La Preciosa’s switch to longhole sub-level caving at 500 tpd and $6–8 million in equipment upgrades.
1. 2026 Operational Outlook
Avino plans to process 725,000 to 750,000 tonnes through its mill in 2026, aiming to produce between 1.0 and 1.2 million ounces of silver, 5.0 to 7.0 thousand ounces of gold and 6.0 to 7.5 million pounds of copper. The company forecasts silver equivalent production of 2.4 to 2.7 million ounces, reflecting planned development timing and metal price ratios.
2. La Preciosa Development Update
After identifying wider veins, Avino altered its La Preciosa mining method from shrinkage stoping to longhole sub-level caving to boost mining rates and reduce costs. This adjustment supports a target of 500 tonnes per day in H2 2026 and a transition from development to production mining later in the year.
3. Financial Position and Cost Guidance
Avino holds a debt-free balance sheet (excluding equipment leases) and strong working capital. The company budgets consolidated direct operating costs of $65–75 per tonne, cash costs of $19–21 per payable silver equivalent ounce, and all-in sustaining costs of $25–27 per payable silver equivalent ounce.
4. Capital Allocation and Exploration Plans
The 2026 budget allocates $6–8 million for equipment upgrades and commits to a 30,000-metre drilling program split evenly between the Avino Mine and La Preciosa. Avino also plans an inaugural mineral reserve estimate in H1 2026 and integration of AI tools to enhance resource expansion and discovery.