Avino Announces Inaugural Consolidated Mineral Reserves
Original announcement by orestocks on
- Company
- Avino Silver & Gold Mines Ltd.
- Ticker
- ASM.TO
- Exchange
- Unavailable
- Region
- Mexico
- Primary commodity
- Silver
- Secondary commodities
- Gold, Copper
- Document categories
- Resource update, Drill results
- Extracted
- 2026-10-01 04:17:47 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Avino Silver & Gold Mines has announced its inaugural consolidated mineral reserves of 127 million silver equivalent ounces across its La Preciosa, Avino, and Oxide Tailings assets. The announcement also includes an updated Mineral Resource Estimate showing a 9% increase in measured and indicated resources compared to the previous estimate.
Reasoning: The company has achieved a major technical milestone by establishing its first consolidated mineral reserves across three assets, demonstrating significant resource conversion and growth in the M&I resource base.
Positive factors
- Inaugural mineral reserve estimate established
- Significant resource conversion (42%)
- Growth in M&I resource base (9% increase)
- Expansion of measured resource category
Negative factors
- Tailings storage capacity constraints noted
Facts used in scoring: 6
Classification and evidence
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Michael O'Brien P.Geo. and Peter Latta, P.Eng are named as responsible for the technical content.
Evidence · text
“The Qualified Persons as defined by NI 43-101, who are responsible for the technical content and have verified the underlying data of this news release are Michael O'Brien P.Geo., Senior Principal Consultant, Red Pennant Communications Corp., and Peter Latta, P.Eng, Avino's VP Technical Services.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The release explicitly states the resource and reserve estimates are prepared in accordance with NI 43-101 standards.
Evidence · text
“The mineral resource estimate and mineral reserve estimate in this news release were prepared under the supervision of, or were reviewed by both Mr. Latta and Mr. O'Brien, both of whom are qualified persons within the context of NI 43-101.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The company describes the mineral reserve estimate as 'inaugural'.
Evidence · text
“We are very pleased to report an inaugural mineral reserve estimate of 127 million silver equivalent ounces across our three assets.”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Resource Estimates (6)
probableLa Preciosa and Avino · silverTonnes: 27000000Grade: 109Grade Unit: g/tContained Metal: 95Contained Unit: mozView all detailsHide details
Identity
- Project
- La Preciosa and Avino
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:49ab5ab4bb33b5691443
Resource Data
- Category
- probable
- Tonnes
- 27000000
- Grade
- 109
- Grade Unit
- g/t
- Contained Metal
- 95
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: High grade silver reserve part of inaugural consolidated estimate.
Positive factors
- Inaugural reserve
Evidence · text
“The proven and probable mineral reserves at the Company's three assets totaled 27 million tonnes containing 95 million ounces of silver at a grade of 109 g/t”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableLa Preciosa and Avino · goldTonnes: 27000000Grade: 0.41Grade Unit: g/tContained Metal: 356Contained Unit: kozView all detailsHide details
Identity
- Project
- La Preciosa and Avino
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:49ab5ab4bb33b5691443
Resource Data
- Category
- probable
- Tonnes
- 27000000
- Grade
- 0.41
- Grade Unit
- g/t
- Contained Metal
- 356
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Gold component of inaugural reserve.
Evidence · text
“356 thousand ounces of gold at a grade of 0.41 g/t”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableLa Preciosa and Avino · copperTonnes: 27000000Grade: 0.31Grade Unit: %View all detailsHide details
Identity
- Project
- La Preciosa and Avino
- Commodity
- copper
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:49ab5ab4bb33b5691443
Resource Data
- Category
- probable
- Tonnes
- 27000000
- Grade
- 0.31
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Copper component of inaugural reserve.
Evidence · text
“85 million pounds of copper at a grade of 0.31%”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedLa Preciosa and Avino · silverTonnes: 68000000Grade: 93Grade Unit: g/tContained Metal: 207Contained Unit: mozView all detailsHide details
Identity
- Project
- La Preciosa and Avino
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:dcc687bcd2385bd838d1
Resource Data
- Category
- indicated
- Tonnes
- 68000000
- Grade
- 93
- Grade Unit
- g/t
- Contained Metal
- 207
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Large M&I resource base with growth.
Positive factors
- 9% increase in M&I resources
Evidence · text
“Measured and indicated mineral resources across three assets totaled 68 million metric tonnes containing 207 million ounces of silver at a grade of 93 g/t”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableLa Preciosa · silverTonnes: 11000000Grade: 206Grade Unit: g/tContained Metal: 72Contained Unit: mozView all detailsHide details
Identity
- Project
- La Preciosa
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:9237141bd6afa6baba52
Resource Data
- Category
- probable
- Tonnes
- 11000000
- Grade
- 206
- Grade Unit
- g/t
- Contained Metal
- 72
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-10-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Strong silver reserve at La Preciosa.
Positive factors
- High grade silver reserve
Evidence · text
“La Preciosa Property Proven and Probable Mineral Reserves of 11 million tonnes containing 72 million ounces of silver at 206 g/t”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableOxide Tailings · silverTonnes: 6700000Grade: 54Grade Unit: g/tContained Metal: 12Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oxide Tailings
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- ASM.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael O'Brien, Peter Latta
- Resource group id
- resource:1002427e2d35f2ccd269
Resource Data
- Category
- probable
- Tonnes
- 6700000
- Grade
- 54
- Grade Unit
- g/t
- Contained Metal
- 12
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2024-01-16
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-01-16T00:00:00.000Z
Dates
- Event date
- 2026-04-16T00:00:00.000Z
Reasoning: Historical reserve restatement for Oxide Tailings.
Negative factors
- Stale data
Evidence · text
“Oxide Tailings Property Proven and Probable Mineral Reserves of 6.7 million tonnes of ore containing 12 million ounces of silver at a grade of 54 g/t”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.