The mineralogy and petrology of banded pumice clasts from a mixed-magma non-welded ignimbrite on Tenerife, Canary Islands, is described. Phenocrysts, which frequently show signs of resorption, are grouped into three assemblages in mutual disequilibrium; these assemblages were originally precipitated by alkali basalt magma (assemblage 1, titanaugite + olivine + calcic plagioclase + high-Mg Fe–Ti oxides), trachyandesitic magma (assemblage 2, salite + kaersutite + sodic plagioclase + hauyne + medium-Mg Fe–Ti oxides) and phonolitic magma (assemblage 3, aegirine-augite + biotite + sodic sanidine + sodalite + nepheline + sphene + low-Mg magnetite) respectively. Phenocryst types (e.g. clinopyroxene, feldspar) which are common to two or all assemblages are compositionally distinctive in each. The excess silica content of nepheline in assemblage 3 indicates a temperature of 770 °C for phonolitic magma, while Fe–Ti oxides and clinopyroxene-ilmenite give temperatures of 915 °C and 907 °C respectively for the trachyandesite. Assemblage 1 and 2 phenocrysts are set in mafic glass; assemblage 3 phenocrysts are only found in a matrix of salic (phonolitic) glass. Analyses of the volumetrically dominant phonolitic glass define a compositional trend consistent with fractionation of assemblage 3 phenocrysts. Analyses of the mafic glass scatter about a straight-line trend produced by mixing of phonolitic liquid with homogeneous intermediate (trachyandesitic) magma. These relations are interpreted as the result of two distinct magma mixing events, consequent on the invasion of a stably zoned magma chamber containing phonolitic liquid stratified above denser trachyandesitic magma, by intruding basaltic magma. High Ca content of assemblage 1 plagioclase suggests precipitation of the basaltic phenocrysts under locally high partial pressure of water. The preferred model involves, in chronological sequence: (i) generation of a differentiated phonolitic cap above trachyandesitic magma, through wall crystallization and boundary-layer uprise of phonolite; (ii) pooling, convective heat loss, and partial crystallization of dense, hydrous alkali basalt magma injected into the chamber and forming a liquid layer beneath the trachyandesitic magma; (iii) volatile saturation of the residual basalt liquid through crystallization, consequent buoyant uprise into, and efficient mixing with, trachyandesite; (iv) eruption of chamber contents and partial mixing of the mixed basalt–trachyandesite with phonolite, although the precise relative timing of eruption and the second mixing event is not known.