Avino Earnings Call Caps Silver Miners' Record Q1 Rally

Avino Silver & Gold Mines closed the week with its May 16 earnings call, highlighting record Q1 revenue of $39.4M, net income of $15.9M and $139M cash alongside a new 127M-ounce silver-equivalent reserve. The update follows a five-day earnings cascade that began May 12 with First Majestic’s $477M revenue and 280% dividend hike, continued through Avino’s initial results and Americas Gold’s 787k-oz production beat on May 14, and peaked with Wheaton Precious Metals’ $901M revenue on May 15. Across the group, surging realized silver prices near $86/oz drove outsized cash flows, margin expansion and treasury growth, reinforcing bullish momentum for XAGUSD.