In this work, the reaction properties of mixed silver-nickel oxide AgNiO2 were investigated in the reaction of CO oxidation ranging from room temperature up to 350 °C. X-ray photoelectron spectroscopy revealed the presence of a single oxidized silver state and the combination of Ni2+ and Ni3+ species on the surface of the as-prepared mixed oxide. It was established that AgNiO2 was able to interact with CO at room temperature. It was accompanied by the simultaneous titration of the lattice (O2--like) and weakly charged (O--like) oxygen species. The interaction with CO below 100 °C resulted in the accumulation of carbonate-like species on the AgNiO2 surface. Above 150 °C, the surface structure of mixed oxide was found to be disrupted, resulting in the formation of individual particles of metallic silver and oxidized nickel.