Avino Silver & Gold Mines Ltd. (ASM) Stock Price & How to Invest
Short answer
You can invest in Avino Silver & Gold Mines (ASM) by buying shares or fractional shares at any major broker, through an ETF that holds it, or as one holding in a thematic basket. Avino is a growing Canadian-listed silver and gold producer that runs the Avino mine in Durango, Mexico and is developing the adjacent La Preciosa silver project. The thesis is a small-cap producer with rising output and direct leverage to silver and gold prices; the biggest risk is metals-price cyclicality, with added single-mine and single-jurisdiction concentration plus the cost pressure that comes with developing La Preciosa.
ASM stock price
As of 2026-06-26, Avino Silver & Gold Mines Ltd. (ASM) last closed at $6.15, up 79.8% over the past year. Over the past 52 weeks it has traded between $3.18 and $11.24.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Avino Silver & Gold Mines Ltd.'s investor relations page. Walnut is informational, not investment advice.
What does Avino Silver & Gold Mines Ltd. (ASM) do?
Avino Silver & Gold Mines Ltd. (ASM), based in Vancouver, Canada, is a precious-metals producer whose main operation is the Avino mine near Durango, Mexico. The mine produces silver, gold, and copper from underground ore that is processed at the company's mill, and Avino reports its output in silver-equivalent ounces that blend all three metals at prevailing prices. In Q1 2026 the company produced roughly 263,000 ounces of silver, about 1,851 ounces of gold, and roughly 1.34 million pounds of copper, for about 568,000 silver-equivalent ounces, and reported a record quarterly revenue of about $39.4 million. The company makes money by selling concentrate, so its results move closely with silver and gold prices and with how much ore it can mine and mill.
Avino has operated in the Durango district for years and is now pursuing a multi-asset growth strategy anchored by La Preciosa, a silver project adjacent to the Avino mine. After receiving mining permits, Avino began underground development at La Preciosa, drove a decline, and started trucking development ore to its existing mill, with a transition to full production mining expected later in 2026. For full-year 2025 the company reported record revenue of about $92.2 million and net income of about $26.6 million, with all-in sustaining costs of roughly $23.75 per silver-equivalent ounce and a year-end cash balance near $101.7 million. Its 2026 guidance points to roughly 2.4 to 2.7 million silver-equivalent ounces while it invests in development.
What's driving Avino Silver & Gold Mines Ltd. (ASM)?
1. Production growth.
Avino has been increasing throughput at its mill, citing an 11% rise in tonnes milled in Q1 2026 driven by upgrades and automation. Full-year 2026 guidance points to roughly 2.4 to 2.7 million silver-equivalent ounces. Sustained or rising output from the Avino mine, blended with future La Preciosa ore, is central to the growth story and to spreading fixed costs over more ounces.
2. La Preciosa development.
La Preciosa is a silver project adjacent to the Avino mine that Avino is developing as its next growth leg. After permitting, the company drove an underground decline and began trucking development ore to its existing mill, with a transition to full production mining expected later in 2026. Reaching steady-state La Preciosa output would add ounces, though development timing and costs remain the key variables.
3. Silver and gold leverage.
As a producer that sells silver, gold, and copper, Avino's revenue and margins move directly with metals prices. Record 2025 and Q1 2026 revenue were driven in large part by strong silver and gold prices. That leverage cuts both ways: rising prices can lift profits and cash flow quickly, while falling prices compress margins against a relatively fixed cost base.
4. Costs and treasury.
Avino reported full-year 2025 all-in sustaining costs of about $23.75 per silver-equivalent ounce, up from $20.57 a year earlier, partly from processing lower-grade La Preciosa development ore. Higher metals prices more than offset rising unit costs in 2025, building a record cash balance near $101.7 million that helps fund development without heavy reliance on new financing.
What are the risks to Avino Silver & Gold Mines Ltd. (ASM)?
Avino's results are tied to silver and gold prices, which are cyclical and can fall sharply, compressing margins against a largely fixed cost base. The company is concentrated in a single producing district in Mexico, so operational disruptions, permitting, labor, taxes, or political and regulatory changes in that jurisdiction carry outsized weight. Unit costs have been rising as it processes development ore, and bringing La Preciosa to full production could take longer or cost more than planned. Like most junior miners, Avino can issue equity to fund growth, which would dilute existing shareholders.
How is Avino Silver & Gold Mines Ltd. (ASM) valued? (approximate, FY2025 results and Q1 2026 production (reported through June 2026))
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Avino Silver & Gold Mines Ltd.'s investor relations page or your broker.
- Revenue (FY2025): ~$92.2 million, a record, up from the prior year
- Net income (FY2025): ~$26.6 million, up sharply year over year
- Production (FY2025): ~2.6 million silver-equivalent ounces; 2026 guidance ~2.4 to 2.7 million
- AISC (FY2025): ~$23.75 per silver-equivalent ounce, up from ~$20.57
- Cash (year-end 2025): ~$101.7 million, a record treasury level
- Market cap: ~$1.0 billion, with a P/E around the mid-20s (as of June 2026)
Avino's earnings are commodity-driven, so its revenue, margins, and valuation move with silver and gold prices as much as with company-specific execution. Reported multiples can look reasonable after a strong metals year but can shift quickly if prices reverse. The market tends to value small producers like Avino on production growth, costs, and metals-price expectations rather than on stable, predictable earnings.
Who competes with Avino Silver & Gold Mines Ltd. (ASM)?
Junior silver-gold producers
Avino competes for investor attention with other small primary silver and silver-gold producers that operate one or a few mines, such as Endeavour Silver, Gatos Silver, and similar Mexico-focused juniors. These companies share Avino's high sensitivity to silver prices, concentrated operating footprints, and reliance on a small number of assets for cash flow.
Mid-tier silver miners
Larger, more diversified silver producers such as First Majestic Silver, Fortuna Mining, and Hecla Mining operate multiple mines across regions. They offer more scale and geographic diversification than Avino, which can mean steadier output, and they represent the tier Avino aspires to grow toward as it develops La Preciosa.
Silver-focused ETFs
Investors seeking silver exposure without single-company risk often compare individual miners like Avino to silver mining ETFs such as SIL or SILJ, which hold baskets of producers and developers. These funds spread company-specific and jurisdiction risk across many names, trading away the concentrated upside and downside of owning one small producer.
How to invest in Avino Silver & Gold Mines Ltd. (ASM)
There are three common ways to get ASM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so ASM sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where ASM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Avino Silver & Gold Mines Ltd. (ASM)
If you believe silver and gold prices stay firm or rise, that Avino can grow production by bringing La Preciosa into full mining while controlling costs, and that operating in one district in Mexico is a risk you are comfortable holding, then ASM is a small-cap way to express a precious-metals view with operating leverage to the metal price. It behaves as a higher-volatility, commodity-driven holding whose value swings with silver and gold, so it typically sits as a satellite within a precious-metals or materials theme rather than a core anchor.
More on Avino Silver & Gold Mines Ltd. (ASM)
Whether ASM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ASM a buy?, and where the stock could go from here in the ASM stock forecast.
For income investors, whether ASM pays a dividend and how the payout looks is covered in does ASM pay a dividend?
Build a basket around ASM with Walnut
Use Avino Silver & Gold Mines Ltd. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Avino Silver & Gold do?
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Avino Silver & Gold Mines (ASM) is a Canadian-listed precious-metals producer that operates the Avino mine near Durango, Mexico, producing silver, gold, and copper. It processes underground ore at its own mill and sells the resulting concentrate. Avino is also developing the adjacent La Preciosa silver project as its next source of growth, with production mining expected to ramp later in 2026.
Is ASM a good stock to buy right now?
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This is descriptive, not a recommendation. The bull case is a growing small-cap silver and gold producer with record 2025 revenue, a strong cash balance, and La Preciosa adding future ounces with direct leverage to metals prices. The bear case is cyclical silver and gold prices, single-mine and single-jurisdiction concentration in Mexico, rising unit costs, and possible equity dilution. Whether it fits depends on your goals and risk tolerance. Walnut is informational, not investment advice.
Is ASM a good silver stock?
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Avino is a primary silver producer with added gold and copper, so it gives fairly direct exposure to silver prices, which is what many investors want from a silver stock. It is small and concentrated in one Mexican district, so it tends to be more volatile than larger, diversified miners. Whether that profile suits you depends on how much single-name and commodity risk you are comfortable holding.
Does ASM pay a dividend?
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Avino has historically focused on reinvesting cash flow into its operations and growth, including developing La Preciosa, rather than paying a regular dividend. As a small producer in a capital-intensive business, it generally prioritizes funding mine development and maintaining its treasury. If income is your goal, confirm Avino's current dividend policy with your broker, since capital-return policies at junior miners can change.
What is the La Preciosa project?
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La Preciosa is a silver project adjacent to Avino's existing mine near Durango, Mexico, that the company is developing as its next growth leg. After receiving permits, Avino drove an underground decline and began trucking development ore to its existing mill, with a transition to full production mining expected later in 2026. Bringing La Preciosa to steady output is central to Avino's plan to grow production.
How does Avino make money?
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Avino makes money by mining ore at its Avino mine, processing it at its own mill, and selling concentrate that contains silver, gold, and copper. Its revenue depends on how many ounces it produces and on prevailing metals prices, which it blends into silver-equivalent ounces. Because it sells commodities, its margins rise and fall with silver and gold prices against a largely fixed cost base.
Why is ASM stock volatile?
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Avino is a small producer whose revenue and margins move directly with silver and gold prices, which can swing widely. It also depends heavily on a single producing district in Mexico, so operational, permitting, or political developments there can move the stock. That combination of commodity leverage and concentration makes ASM more volatile than larger, diversified miners or broad market indexes.
Which ETFs or baskets include ASM?
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Avino can appear in silver mining and small-cap precious-metals ETFs, such as silver miner funds, usually at a small weight given its size. On Walnut it may sit within a precious-metals or materials basket, typically as a small, higher-volatility satellite holding rather than a core position, reflecting its profile as a leveraged, single-district silver and gold producer.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Avino Silver & Gold Mines Ltd.'s investor relations page or your broker before making investment decisions.