# Avino Announces Inaugural Consolidated Mineral Reserves Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--9ff061ab-edb8-42d9-80b2-ead9631af5f0 Original source: https://orestocks.com/company/ASM.TO/press-releases/6303388240775381 Publisher: orestocks Original announcement: 2026-04-16T15:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:17:46.245Z Atlas analysis updated: 2026-10-01T04:17:46.245Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Inaugural mineral reserve estimate established - Positive factor: Significant resource conversion \(42%\) - Positive factor: Growth in M&I resource base \(9% increase\) - Positive factor: Expansion of measured resource category - Negative factor: Tailings storage capacity constraints noted Facts used in scoring: 6 ## Classification and evidence **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Resource** Polarity: neutral Definition: 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) ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--9ff061ab-edb8-42d9-80b2-ead9631af5f0#fact-resource-facts-0) La Preciosa and Avino · silver #### 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 factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--9ff061ab-edb8-42d9-80b2-ead9631af5f0#fact-resource-facts-1) La Preciosa and Avino · gold #### 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--9ff061ab-edb8-42d9-80b2-ead9631af5f0#fact-resource-facts-2) La Preciosa and Avino · copper #### 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--9ff061ab-edb8-42d9-80b2-ead9631af5f0#fact-resource-facts-3) La Preciosa and Avino · silver #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--9ff061ab-edb8-42d9-80b2-ead9631af5f0#fact-resource-facts-4) La Preciosa · silver #### 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 factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/avino-announces-inaugural-consolidated-mineral-reserves--9ff061ab-edb8-42d9-80b2-ead9631af5f0#fact-resource-facts-5) Oxide Tailings · silver Historical result Needs review: historical\_restatement #### 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 factor: 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 Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: 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.