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Operates the Avino silver-gold-copper mine complex in Durango, Mexico.
Operates the Avino silver-gold-copper mine complex in Durango, Mexico.
Sells concentrate to smelters, paid on the contained metal less treatment charges, so the silver price matters most and the gold and copper mix is secondary. Processing is done on site at the mine complex, which has been operating for a very long time.
Moat: narrow (installed base, regulatory licence). Long-operating (100+ year) permitted Mexican mine complex with in-house processing.
Headquarters: Vancouver, Canada · Founded: 1968 · Employees: 305
Size Avino Silver & Gold Mines (ASM.TO) is a Canada Materials company (Precious Metals) with a market value of $799M, the 279th largest of 420 Canada companies the cockpit tracks. Shares closed at C$6.59 on 6 Nov 2026.
Performance Over six months the shares fell 29.7%, against -17.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th lowest of 19 in its peer set.
Growth Revenue grew 54.4% over the last twelve months (peer median +54.1%); the operating margin is 43.8% (peer median 18.1%).
Valuation It trades at 14.0× forward earnings against a peer median of 12.2× (5th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +42%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.5 points above its cost of capital (18.5% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$168M | C$119M | C$92.0M | C$58.3M | C$56.8M |
| Revenue growth | — | +29% | +58% | +3% | — |
| Gross profit | C$93.0M | C$57.4M | C$32.6M | C$9.37M | C$18.7M |
| EBITDA | C$83.2M | C$45.8M | C$26.4M | C$2.91M | C$12.4M |
| Net income | C$62.1M | C$37.2M | C$11.1M | C$731,530 | C$4.03M |
| Free cash flow | C$23.8M | C$1.57M | C$25.6M | -C$7.95M | C$5.20M |
| Capital expenditure | C$39.0M | C$37.6M | C$8.99M | C$11.5M | C$11.7M |
| Total debt | C$12.2M | C$8.24M | C$3.78M | C$4.08M | C$2.33M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Avino Silver & Gold Mines ASM.TO | $799M | -30% | +54% | 44% | 14.0× | 23.6% |
| Endeavour Silver EDR.TO | $2.34B | -20% | +198% | 26% | 10.9× | n/a |
| First Majestic Silver AG.TO | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% |
| Fortuna Mining FVI.TO | $2.87B | -5% | +6% | 49% | 6.4× | -4.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ASM.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.5% | -9.2% | 8th lowest of 21 |
| 6-month return | -29.7% | -17.8% | 5th lowest of 19 |
| Distance from 52-week high | -59.1% | -42.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | +54.4% | +54.1% | 5th highest of 10 |
| Operating margin | 43.8% | 18.1% | 2nd highest of 13 |
| Forward P/E | 14.0× | 12.2× | 5th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 23.6% | 1.5% | 2nd most demanding of 8 |
| Growth delivered (Del g) | +42.1% | +59.3% | 4th lowest of 8 |
| Hurdle (Req g minus delivered) | -18.5 pp | -52.3 pp | 3rd most demanding of 8 |
| ROIC minus cost of capital | +7.5 pp | -14.1 pp | 6th highest of 20 |
| EV / EBITDA | 11.1× | 4.4× | 2nd most expensive of 8 |
| Net debt / EBITDA | -2.3× | -0.5× | least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Avino Silver & Gold Mines ASM.TO | Canada | $799M | -30% | +54% | 44% | 14.0× | 23.6% | +42.1% |
| Dakota Gold DC | United States | $798M | -1% | n/a | n/a | n/a | n/a | n/a |
| FireFly Metals FFM.AX | Australia | $798M | -31% | n/a | n/a | n/a | n/a | n/a |
| Osisko Gold OGG.V | Canada | $814M | -18% | +805% | -51% | n/a | n/a | n/a |
| Cadillac Mines CADY.TO | Canada | $815M | n/a | n/a | n/a | n/a | n/a | n/a |
| Kingsgate Consolidated KCN.AX | Australia | $779M | -39% | +77% | 38% | 11.5× | -6.9% | +117.2% |
| Liberty Gold LGD.TO | Canada | $819M | +50% | n/a | n/a | n/a | n/a | n/a |
| Pantoro Gold PNR.AX | Australia | $826M | -9% | +35% | 34% | 12.2× | -0.5% | +40.5% |
| Catalyst Metals CYL.AX | Australia | $746M | -28% | +75% | 45% | 9.5× | -15.5% | +85.8% |
| Critical Metals CRML | United States | $864M | -58% | n/a | n/a | n/a | n/a | n/a |
| Founders Metals FDR.V | Canada | $734M | +42% | n/a | n/a | n/a | n/a | n/a |
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | n/a | n/a | n/a | n/a |
| Mako Mining MKO.V | Canada | $712M | +7% | +79% | 41% | 10.5× | 1.5% | +156.3% |
| Griffin Mining GFM.L | United Kingdom | $711M | -4% | +29% | 30% | 20.3× | 13.2% | +12.2% |
| Santacruz Silver Mining SCZ.TO | Canada | $707M | n/a | +38% | 30% | 9.8× | 7.1% | +59.3% |
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | -60% | n/a | n/a | n/a |
| Tungsten West TUN.L | United Kingdom | $694M | -18% | n/a | -1,558% | 106.7× | n/a | n/a |
| First Mining Gold FF.TO | Canada | $670M | +33% | n/a | n/a | n/a | n/a | n/a |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | -3% | 31.8× | 59.7% | +15.2% |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 6% | 69.8× | n/a | n/a |
| New Found Gold NFGC.TO | Canada | $662M | -16% | n/a | -233% | n/a | n/a | n/a |