Key Takeaways Hecla Mining lifted 2025 silver output 5% to 17M oz, driven by Greens Creek, Lucky Friday and Keno Hill.HL generated $563M in operating cash flow, cut net leverage to 0.1x and agreed to sell Casa Berardi.Avino Silver grew revenues 48% in nine months, with La Preciosa advancing and 2026 output guided higher.Hecla Mining Company (HL) and Avino Silver & Gold Mines Ltd. (ASM) are both familiar names operating in the Zacks Mining - Silver industry. As competitors, these two are focused on the extra ...

Core Viewpoint - Avino Silver & Gold Mines Ltd. is optimistic about its outlook for 2026 and highlights key milestones achieved in 2025 [1] Group 1: Company Outlook - The company is a long-standing silver producer based in Mexico [1] - Avino Silver & Gold Mines Ltd. is preparing to share its strategic plans and expectations for the upcoming year [1] Group 2: Key Milestones - A summary of significant achievements for the year 2025 will be provided, indicating the company's progress and operational success [1]

A Clear Path To Transformational Growth www.avino.com February 2026 TSX: ASM NYSE American: ASM TSX: ASM NYSE American: ASM Cautionary Note This presentation contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company's Avino Property, including La Preciosa, located near Durang ...

Core Viewpoint - Avino Silver (ASM) has shown strong stock performance, significantly outperforming both the S&P 500 and the Basic Materials sector over the past month, with a notable increase in stock price and positive earnings expectations for the upcoming quarter [1][2][3]. Group 1: Stock Performance - Avino Silver's stock closed at $9.22, reflecting a 2.56% increase from the previous trading session, outperforming the S&P 500's gain of 0.56% [1]. - The stock has risen by 28.43% in the past month, while the Basic Materials sector gained 7.08% and the S&P 500 experienced a loss of 1.27% [1]. Group 2: Earnings Forecast - The upcoming earnings disclosure is anticipated to show an EPS of $0.06, which represents a 14.29% decrease compared to the same quarter last year [2]. - Quarterly revenue is projected to be $29.1 million, indicating a 19.36% increase from the previous year [2]. Group 3: Full Year Estimates - For the full year, earnings are expected to be $0.17 per share, reflecting a 13.33% increase from the previous year, with revenue projected at $90.3 million, a 36.45% increase [3]. - Recent analyst estimate revisions suggest a positive outlook for the business, as these changes often correlate with short-term stock movements [3][4]. Group 4: Zacks Rank and Valuation - Avino Silver currently holds a Zacks Rank of 2 (Buy), with the consensus EPS estimate rising by 25.86% over the past month [5]. - The company has a Forward P/E ratio of 24.63, which is higher than the industry's Forward P/E of 16.53, indicating a premium valuation [6]. Group 5: Industry Context - The Mining - Silver industry, part of the Basic Materials sector, is currently ranked 11th by Zacks, placing it in the top 5% of over 250 industries [6]. - The Zacks Industry Rank suggests that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable environment for Avino Silver [7].

Group 1 - Avino Silver & Gold Mines Ltd. has announced the appointment of a new executive, Ms. [1]

Industry Overview - The Zacks Mining - Silver industry is experiencing strong momentum due to rising silver prices and robust demand from industrial applications, which are expected to account for a significant share of global silver consumption [1][4] - Only 20% of silver comes from mining activities where it is the primary revenue source, while the rest is a by-product of mining other metals [3] Demand Drivers - Industrial applications, particularly in the solar energy sector, account for approximately 59% of total silver demand, with significant growth expected due to the global push for renewable energy [4] - The electrification of the automotive industry and the rise of AI are emerging as new demand drivers for silver, solidifying its role as a critical metal for future technologies [4] Price Performance - Silver prices surged by 170% in 2025, significantly outperforming gold, driven by geopolitical risks, economic uncertainty, and strong demand [4] - As of late January 2026, silver reached a record high of $121.67 per ounce, with prices up 16.4% year-to-date [4] Cost Management - Industry players are facing rising production costs, particularly in energy, which constitutes about 50% of their production costs [5] - Companies are investing in R&D and technological innovations to improve efficiency and manage costs effectively [5] Industry Ranking - The Zacks Mining - Silver industry holds a Zacks Industry Rank of 16, placing it in the top 7% of 244 Zacks industries, indicating strong prospects in the near term [6] Stock Performance - The Mining-Silver Industry has outperformed both the Basic Material sector and the Zacks S&P 500 composite over the past year, with a collective gain of 162.9% compared to 35.7% and 18% respectively [8] Valuation Metrics - The industry is currently trading at a trailing 12-month EV/EBITDA ratio of 22.67X, higher than the S&P 500's 19.17X and the Basic Material sector's 16.32X [11] Company Highlights - **Fresnillo plc (FNLPF)**: Reported silver production of 48.7 million ounces in 2025, with shares gaining 85.2% in the past three months. The Zacks Consensus Estimate for fiscal 2026 earnings has increased by 16.7% [15][16] - **Buenaventura Mining (BVN)**: Initiated operations at the San Gabriel gold mine, with shares up 72.9% in the past three months. The Zacks Consensus Estimate for fiscal 2026 earnings has risen by 35.8% [20][21] - **Hecla Mining (HL)**: Produced 17 million ounces of silver in 2025, with shares increasing by 95.8% in the past three months. The Zacks Consensus Estimate for fiscal 2026 earnings indicates growth of 56.5% [22][25] - **Avino Silver Mines (ASM)**: Produced 2.6 million silver equivalent ounces in 2025, with shares gaining 152.4% in the past three months. The Zacks Consensus Estimate for fiscal 2026 earnings has moved up by 68% [27][28]

Core Viewpoint - ASM International N.V. is set to report its fourth quarter 2025 financial results on March 3, 2026, and will host a conference call on March 4, 2026 [1]. Company Overview - ASM International N.V. is headquartered in Almere, the Netherlands, and specializes in designing and manufacturing equipment and process solutions for semiconductor device production [3]. - The company operates facilities in the United States, Europe, and Asia, and its common stock is traded on the Euronext Amsterdam Stock Exchange under the symbol ASM [3].

Company Overview - Avino Silver & Gold Mines Ltd. (NYSE:ASM) is a Canadian mining company focused on the acquisition, exploration, and production of silver, gold, copper, and base metal deposits. The company operates the Avino Mine in Mexico and is advancing additional projects like La Preciosa to grow production and deliver long-term value [3]. Growth Potential - Avino Silver & Gold Mines Ltd. stands fourth on a list of 9 high growth small cap stocks that are profitable. The company has been recognized for its growth potential in the market [1]. - H.C. Wainwright raised its price target for ASM to $12.50 from $7.40, maintaining a Buy rating. This increase followed the company's announcement of its 2025 production results and is supported by updated price assumptions and a one-year forward adjustment to the valuation [1]. Recent Developments - On January 26, Avino Silver & Gold Mines Ltd. reported the results of six drill holes at its La Preciosa project, completing the company's 2025 drilling program. Five of the holes were part of an infill program, while one was twinned with earlier drilling [2]. - The drilling results confirmed high-grade silver and gold, with several intercepts exceeding estimates, which supports the current vein-based resource model. This has led management to reevaluate La Gloria's underground mining techniques, enabling greater tonnage per blast and cheaper costs while boosting confidence in the project's resource geometry [2].

Company Performance - Avino Silver (ASM) closed at $11.02, reflecting a -1.96% change from the previous day, underperforming the S&P 500's daily loss of 0.13% [1] - Over the past month, shares of Avino Silver have appreciated by 81%, significantly outperforming the Basic Materials sector's gain of 12.37% and the S&P 500's gain of 0.78% [1] Upcoming Earnings - Avino Silver is projected to report earnings of $0.06 per share, indicating a year-over-year decline of 14.29% [2] - The consensus estimate for revenue is $29.1 million, which represents a 19.36% increase compared to the same quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $0.17 per share, reflecting a +13.33% change from the prior year, while revenue is estimated at $90.3 million, showing no change [3] - Recent changes in analyst estimates for Avino Silver are important as they reflect evolving short-term business trends, with positive revisions indicating a favorable business outlook [3] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates Avino Silver currently holds a rank of 2 (Buy) [5] - The Zacks Consensus EPS estimate has increased by 25.86% in the past month, suggesting positive sentiment around the stock [5] - Avino Silver's Forward P/E ratio is 30.8, which is higher than the industry average of 21.88, indicating it is trading at a premium [6] Industry Context - The Mining - Silver industry, part of the Basic Materials sector, has a Zacks Industry Rank of 18, placing it in the top 8% of over 250 industries [6] - The Zacks Industry Rank evaluates the performance of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Company Overview - Avino Silver & Gold Mines Ltd. (ASM) reported silver-equivalent production of 671,583 ounces in Q4 2025, a 9% increase from Q4 2024. Annual silver-equivalent production was 2.6 million ounces, down 2% year over year, but within ASM's guidance of 2.5 to 2.8 million ounces [2][9]. Production Details - In Q4 2025, silver production rose 22% year over year to 345,298 ounces, supported by a contribution of 48,244 ounces from La Preciosa and strong performance at the Avino Mine. For the full year 2025, silver production increased 4% year over year to 1.16 million ounces [3][9]. - Gold production in Q4 fell 34% to 1,687 ounces, while it increased 2% year over year to 7,621 ounces in 2025. Copper production decreased 27% year over year to 1.29 million pounds in Q4 and declined 9% to 5.67 million pounds for the full year [4][9]. Operational Updates - ASM commenced underground development at the La Preciosa mine in January 2025, achieving extraction, hauling, processing, and sales of mineralized material. The company mined approximately 24,000 tons of material from La Preciosa over the past year. As of December 31, 2025, ASM held $100 million in cash [5]. Industry Comparison - In comparison, Pan American Silver Corp. (PAAS) produced 22.8 million ounces of silver in 2025, an 8% increase from 2024, with a record fourth-quarter output of 7.3 million ounces [6]. - Endeavour Silver Corp. (EXK) reported a 143% year-over-year increase in silver-equivalent production in Q4 2025, driven by the Kolpa operation, with consolidated silver production soaring 146% year over year to 2.03 million ounces [8]. - First Majestic Silver Corp. (AG) achieved total production of 7.8 million silver-equivalent ounces in Q4 2025, including a record 4.2 million silver ounces, marking a 37% year-over-year increase attributed to a 77% surge in silver production [10].