Avino Silver & Gold Mines Posts 9% Q4 Production Rise, Trades at 25.07X Forward PE
Avino Silver & Gold Mines Ltd. trades at a forward 12-month earnings multiple of 25.07X, well above the Zacks Mining – Silver industry average of 19.55X and higher than Pan American Silver’s 15.72X. In Q4 2025, Avino reported silver-equivalent production of 671,583 ounces, a 9% increase year-over-year and within its 2.5–2.8 million ounce annual guidance.
1. Valuation Placement
Avino Silver & Gold Mines Ltd. (ASM) is trading at a forward 12-month earnings multiple of 25.07X, which exceeds the Zacks Mining – Silver industry average of 19.55X. This multiple also trails First Majestic’s 82.51X but sits well above Pan American Silver’s 15.72X, highlighting a relatively premium market valuation for ASM shares.
2. Q4 2025 Production Results
In the fourth quarter of 2025, ASM achieved silver-equivalent production of 671,583 ounces, marking a 9% increase from the same period in 2024. Full-year silver-equivalent output reached 2.6 million ounces, remaining within its guidance range of 2.5–2.8 million ounces and underscoring stable operational execution.