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Avino Silver & Gold Mines Ltd

Recommendation: Buy

Entry Date Symbol Recommendation Entry Price (CAD) Target 1 (CAD) Target 2 (CAD) Holding Duration Position Status Return(%)*
12 Sep, 25 ASM Buy CAD 6.04 CAD 6.35 CAD 6.42 4 days Closed 5.30%

*Return(%) represent the percentage change between the entry price and exit price of the recommendation.

Fundamentals

  • Previous Close 8.48
  • Market Cap977.60M
  • Volume497796
  • P/E Ratio44.47
  • Dividend Yield-%
  • EBITDA30.64M
  • Revenue TTM79.64M
  • Revenue Per Share TTM0.57
  • Gross Profit TTM 38.09M
  • Diluted EPS TTM0.15

Data Powered by EOD Historical Data (“EODHD”).

Company Overview

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Mexico. It explores for silver, gold, copper, and base metal deposits. Avino Silver & Gold Mines Ltd. was incorporated in 1968 and is headquartered in Vancouver, Canada.

Key Positives

Higher Gold Production (oz): 27,548 in Q2 2025 vs 25,524 in Q2 2024

 

Higher revenue: USD 94.5 mn in Q2 2025 vs USD 58.3 mn in Q2 2024

Key Negatives

Higher Processing Cost: USD 15.1 mn in Q2 2025 vs USD 13.1 mn in Q2 2024

 

Higher Exploration and Evaluation Costs: USD 2.7 mn in Q2 2025 vs USD 0.1 mn in Q2 2024

Key Investment Risks

Volatility in the commodity price , Interest and foreign exchange rates, Trade tariffs, Government policy, etc.

Recommendation Summary

Technical Summary

Entry Price Support* Target 1** Target 2**
6.04 5.7 6.35 6.42

Data Source: REFINITIV, Analysis: StockNextt

*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.

**Target prices may vary by ±0.5% depending on market volatility.

Key Reasons for Buy

Acquisition of La Preciosa project: The company recently secured a rare opportunity to repurchase all royalties on La Preciosa, making the asset unencumbered. This USD 13.25 mn acquisition lowers operating costs, enhances NAV per share, and maximizes project value for stakeholders. Healthy profits and cash flows enabled the deal, strengthening Avino’s balance sheet and delivering shareholder value.

Healthy production: The company achieved record mill throughput in Q2 2025, driving higher gold (+17%) and copper (+12%) production, with overall silver equivalent output up 5% despite lower grades. Strong operational improvements, automation, and progress at La Preciosa position the company for sustained growth, enhancing efficiency, production, and long-term shareholder value.

Proactive financials: The company delivered healthy Q2 2025 financial performance with revenues up 47% to USD 21.8 mn, net income more than doubling to USD 2.9 mn, and gross profit rising 118% to USD 10.2 mn. Elevated operating margins, driven by higher throughput and cost efficiencies, highlighted sustained profitability.

Considering the expected valuation upside, healthy operational performance and record financial results, current trading levels, decent guidance and key business risks, a ‘Speculative Buy’ recommendation has been given on the stock at the last closing price of CAD 6.04, as on September 11, 2025.

Key Financials in Pictures

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Data Powered by EOD Historical Data (“EODHD”).

Peer Comparison

Sector: Basic Materials Industry: Other Precious Metals & Mining

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ASM
Avino Silver & Gold Mines Ltd
0.05 0.59% 8.53 44.47 17.15 12.28 5.52 9.62 25.21
CGG
China Gold International Resources
0.12 0.44% 27.59 21.77 - 7.95 3.73 6.63 20.30
TFPM
Triple Flag Precious Metals Corp
-0.13 0.28% 46.34 32.51 32.26 24.85 3.40 18.86 31.76
GMIN
G Mining Ventures Corp.
0.43 1.09% 39.92 24.12 18.18 16.00 3.99 12.72 18.79
PPTA
Perpetua Resources Corp
-0.6 1.64% 35.95 - 625.00 - 4.61 -29.7643

Data Powered by EOD Historical Data (“EODHD”).

Disclosures:

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is September 11, 2025. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Disclaimer :
This report has been issued by StockNextt which has an Ontario Business Identification Number 1000958347 and British Columbia registration Number FM1051529 is a trade name under Kalkine Canada Advisory Services Inc. having Business Number 761925130BC0001. Kalkine Canada Advisory Services Inc. and StockNextt are collectively referred to as “StockNextt”, “we”, “us”, and “our”. The website https://stocknextt.com and associated pages are published by StockNextt. The information in this report and on the StockNextt website has been prepared from a wide variety of sources, which StockNextt, to the best of its knowledge and belief, considers accurate. StcokNextt has made every effort to ensure the reliability of information contained in its reports, newsletters, and websites. All information represents our views at the date of publication and may change without notice. The information in this report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain general recommendations for investing in securities and other financial products. StockNextt does not offer financial advice based upon your personal financial situation or goals, and we shall not be held liable for any investment or trading losses you may incur by using the opinions expressed in our reports, publications, market updates, news alerts and corporate profiles. StockNextt does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. StockNextt’s general advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested. Please also read our Terms and conditions for further information. Employees and/or associates of StockNextt and its related entities may hold an interest in the securities or other financial products covered in this report or on the StockNextt website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

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