VANCOUVER, BC — February 19, 2026 — Leads & Copy — Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6), a silver producer in Mexico, has released its outlook for 2026, highlighting milestones achieved in 2025.
According to President and CEO David Wolfin, strong operating results at the Avino Mine, accelerated development at La Preciosa, and strong financial performance have positioned the company for a successful 2026. Key achievements in 2025 included fast-tracking La Preciosa after permit approval and securing 100% ownership through the acquisition of outstanding royalties and contingent payments. Drill results from La Preciosa exceeded expectations, showing higher intercept grades than outlined in the current mineral resource. Avino’s performance was reflected in the capital markets, with the company ranking #5 in the TSX30 and being included in several ETFs.
The company’s priorities for 2026 include increasing the development rate and production at La Preciosa, with a goal of 500 tonnes per day forecasted for the second half of the year. Avino plans to execute a 30,000-meter drilling program, splitting it evenly between the Avino Mine and La Preciosa. The company also intends to update the Mineral Resource Estimate, including an inaugural Mineral Reserve Estimate, in the first half of 2026. AI (Artificial Intelligence) will be utilized for data integration to expand resources/reserves and discover new exploration targets, along with investing in mill equipment upgrades to improve recovery rates.
The company has modified the mining method at La Preciosa from shrinkage stoping to longhole sub-level caving due to identifying wider veins. This change will enable higher mining rates at lower costs in the medium to long term, in anticipation of higher throughput. More development material will be processed through the Avino mill, with a transition from development mining to production mining later in 2026.
Avino reports the strongest balance sheet in its history and remains debt-free, excluding operating equipment leases. For 2026, the company plans to process between 725,000 to 750,000 tonnes of material through the mill, sourced from both the Avino Mine and La Preciosa. Production is anticipated to be between 1.0 to 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, similar to 2025 actual production. Silver equivalent production is forecasted to be in the range of 2.4 to 2.7 million ounces.
The company will provide cost guidance using a gold-to-silver ratio of 80:1 and a copper-to-silver ratio of 1:232, as well as a foreign currency assumption for MXN:USD of 18.75:1. The company is projecting its 2026 consolidated AISC to be between $25.00 and $27.00 per payable AgEq oz.
The budgeted growth capital for 2026 includes expenditures at the Avino Mine and La Preciosa, covering underground mining equipment, mine development, surface works, and mill and processing upgrades. At the Avino Mine, exploration will focus on under-explored veins on the property, with total exploration expenditures budgeted between $2 million and $3 million for 2026. At La Preciosa, exploration will focus on under-explored areas, including infill and extension drilling between La Gloria and Abundancia, with total exploration expenditures also budgeted between $2 million and $3 million for 2026.
In 2025, the company achieved record financial results and delivered full-year production results within estimated guidance. Silver production increased 22% in Q4 2025 compared to Q4 2024, driven by development production from La Preciosa and higher silver production from the Avino Mine. The Avino mill achieved 4% higher throughput in Q4 2025 versus Q4 2024, totaling 189,338 tonnes of material. The company also achieved a reduction in Lost Time Incident Frequency Rate of 27% to 3.55 per 1,000,000 hours worked compared to 2024.
Development at La Preciosa advanced rapidly following permit approval in early January 2025. In the fourth quarter, La Preciosa contributed nearly 12,000 tonnes of mill feed.
Peter Latta, Avino’s VP Technical Services, is a qualified person within the context of National Instrument 43-101 who has reviewed and approved the technical data in the release.
The company’s FY2025 financial statements and results are scheduled to be released after the market closes on March 10, 2026. A conference call to discuss the company’s Q4 and Year End 2025 operational and financial results will be held on Wednesday, March 11, 2026.
Avino is a silver producer from its wholly-owned Avino Mine near Durango, Mexico. The company’s silver, gold, and copper production remains unhedged.
Source: Avino Silver & Gold Mines Ltd.
