Avino Silver and Gold Mines Ltd (ASM)

Avino Reports Voting Results of Its 2026 Annual General MeetingMay 27, 2026 5:05 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 27, 2026 / Avino Silver & Gold Mines Ltd. (ASM:TSX)(ASM:NYSE American)(GV6:FSE) is pleased to report the voting results for its Annual General Meeting of shareholders ("2026 AGM") held on Wednesday, May 27, 2026, in Vancouver, British Columbia. All resolutions proposed to shareholders were duly passed.A total of 75,586,871 common shares of the Company, representing approximately 44.49% of the Company's issued and outstanding common shares as of the record date were voted. Shareholders voted in favour of all matters brought before the 2026 AGM. The specific voting results were as follows:NUMBER OF DIRECTORSResolutionVotes For% ForVotes Against% AgainstSet the number of Directors at five74,693,12498.82%893,7451.18%ELECTION OF DIRECTORSDirector NomineeVotes For% ForVotes Withheld% WithheldRonald Andrews44,370,07398.45%698,8051.55%David Wolfin44,781,09699.36%287,7830.64%Carolina Ordoñez37,451,69583.10%7,617,18416.90%Michael Clark44,435,49998.59%633,3801.41%Linda Broughton44,631,15499.03%437,7250.97%APPOINTMENT OF REMUNERATION OF AUDITORResolutionVotes For% ForVotes Withheld% WithheldAppoint Deloitte LLP, Independent Registered Public Accounting Firm, as auditor for the Company to hold office until the next Annual General Meeting75,031,86199.27%555,0090.73%About Avino:Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate We encourage you to connect with us on X at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the expected operations at the Company's mineral properties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.For Further Information, Please Contact:Investor Relations
Tel: 604-682-3701
Email: IR@avino.comSOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Reports Voting Results of Its 2026 Annual General Meeting

Avino Delivers Record Q1 2026 Financial ResultsMay 13, 2026 5:15 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 13, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, announces its unaudited condensed interim consolidated financial results for the first quarter of 2026. All amounts are in U.S. dollars unless stated otherwise.First Quarter 2026 Financial HighlightsRecord Revenues: The Company achieved a record $39.4 million in revenues for Q1 2026, an increase of 109% from Q1 2025 and 29% from Q4 2025, our previous quarterly record. In Q1 2026, 60% of revenues were derived from silver production at an average realized price of $86.42 per ounce.Record Mine Operating Income: Mine operating income was $23.4 million, an increase of 122% from Q1 2025 and 31% from Q4 2025.Record Net Income: Earnings, or net income after taxes, was $15.9 million,or $0.09 per diluted share, both representing quarterly records.Record Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA")3 and Adjusted Earnings3: EBITDA was $25.5 million, an increase of 163% from Q1 2025 and 77% from Q4 2025. Adjusted earnings were $24.3 million, or $0.14 per share, an increase of 150% and 100%, respectively, from Q1 2025, and an increase of 49% and 40%, respectively from Q4 2025.Strong Operating Cash Before Working Capital Movements3: The Company generated operating cash before working capital movements of $18.7 million, an increase of 154% compared to Q1 2025.Record Mine Operating Cash Flow Before Taxes: Mine operating cash flows before taxes were a record $26.7 million, an increase of 134% from Q1 2025, and 41% from Q4 2025."During the first quarter, Avino delivered record financial performance driven by improved mill performance, strong metal prices, and a disciplined approach to capital management," said David Wolfin, President and CEO. "Avino's silver equivalent per ounce margins were significantly higher than previous quarters and we remain in our strongest financial position in company history. Our robust balance sheet provides a solid foundation to support our transformational growth plan as we advance toward becoming a Mexico-focused mid-tier primary silver producer. We believe Avino is well positioned to continue delivering long-term value for our shareholders."Financial HighlightsHIGHLIGHTS
(In US$, unless otherwise noted) First
Quarter 2026 First
Quarter 2025 Change First
Quarter 2026 Fourth
Quarter 2025 Change Financial Operating Performance (in 000's) Revenues $39,433 $18,836 109% $39,433 $30,544 29%Mine operating income $23,418 $10,562 122% $23,418 $17,844 31%Net income $15,913 $5,617 183% $15,913 $10,460 52%Earnings before interest, taxes and amortization ("EBITDA")3 $25,531 $9,694 163% $25,531 $14,409 77%Adjusted earnings3 $24,336 $9,751 150% $24,336 $16,297 49%Cash provided by operating activities $13,631 $758 1698% $13,631 $9,986 36%Operating cash flow before working capital adjustments3 $18,688 $7,361 154% 18,688 $18,953 -1%Mine operating cash flow before taxes3 $26,713 $11,397 134% $26,713 $18,989 41%Per Share Amounts Earnings per share - diluted $0.09 $0.04 125% $0.09 $0.06 50%Adjusted earnings per share3 $0.14 $0.07 100% $0.14 $0.10 40%Liquidity & Working
Capital (in 000's) March 31,2026 March 31,2025 Change March 31,2026 December 31, 2025 Change Cash $138,646 $26,627 421% $138,646 $101,724 36%Working capital3 $139,724 $31,339 346% $139,724 $99,562 40%Operating Highlights and OverviewHIGHLIGHTS(In US$, unless otherwise noted) FirstQuarter 2026 FirstQuarter 2025 Change FirstQuarter 2026 FourthQuarter 2025 Change Operating Tonnes Milled 185,497 167,853 11% 185,497 189,338 -2%Silver Ounces Produced 263,057 265,681 -1% 263,057 345,298 -24%Gold Ounces Produced 1,851 2,225 -17% 1,851 1,687 10%Copper Pounds Produced 1,343,654 1,604,343 -16% 1,343,654 1,295,244 4%Silver Equivalent Ounces1 Produced 568,112 631,249 -10% 568,112 671,583 -15%Concentrate Sales and Costs Silver Equivalent Payable Ounces Sold2 483,724 567,811 -15% 483,724 555,567 -13%Average Realized Silver Price per Ounce Sold $86.42 $31.67 173% $86.42 $59.52 45%Cash Cost per Silver Equivalent PayableOunce2,3 $24.46 $12.62 94% $24.46 $21.10 16%All-in Sustaining Cost per SilverEquivalent Payable Ounce2,3 $34.72 $20.08 73% $34.72 $31.59 10%Cash Cost per Tonne Processed3 $64.04 $51.93 23% $64.04 $59.99 7%All-in Sustaining Cost per Tonne Processed3 $90.80 $77.18 18% $90.80 $90.78 0%Operating HighlightsLa Preciosa MilestonesSteady Progress: Ongoing extraction, haulage, and processing of mineralized development material is progressing well, albeit slightly below plan early in the quarter, primarily due to mill availability and the intentional processing of lower-grade development ore. This approach allowed the Company to capitalize on strong silver prices while leveraging previously stockpiled material.Silver Production: Development production from La Preciosa contributed 49,830 silver ounces, slightly higher than Q4 2025.2026 Drill Program: 15,000 metres of drilling is planned for the year, with 2,600 metres completed by the end of Q1 2026.OperationsPrimary Silver Revenues: 60% of the Company's Q1 2026 revenues came from the sales of silver processed from the production material from the Avino Mine and development material from La Preciosa at an average realized price of $86.42 per silver ounce.Improved Mill Throughput: In Q1 2026, Avino achieved an 11% year-over-year increase in mill throughput, reflecting the success of targeted upgrades and automation initiatives implemented by our operations and maintenance teams. These initiatives improved mill availability and supported stronger, more consistent throughput levels.Inaugural Mineral Reserve Estimate at Avino and La Preciosa: On April 16, 2026, Avino announced the completion of a new Mineral Reserve Estimate and updated Mineral Resource Estimate which includes La Preciosa, the Avino Mine (consisting of the Elena Tolosa ("ET") deposit, Guadalupe, and La Potosina). Collectively, the Company's assets host proven and probable mineral reserves of 27 million tonnes for 127 million silver equivalent ounces at a grade of 145 g/t. In mineral resources, collectively the Company holds measured and indicated mineral resources totaling 67.7 million tonnes and 301 million silver equivalent ounces at a grade of 162 g/t, as well as inferred mineral resources totaling 24.8 million tonnes and 87.6 million silver equivalent ounces at a grade of 123 g/t.2026 Drill Program at Avino: 15,000 metres of drilling is planned for the year at the Avino property with 3,000 metres completed at the end of Q1 2026.Health and Safety Performance: For Q1 2026, the Company achieved a Lost Time Incident Frequency Rate ("LTIFR") of 3.25 per 1,000,000 hours worked. Total reportable lost time incident rate was 0.19.CorporateNormal Course Issuer Bid Approval: Early in the 2nd quarter, Avino announced that the TSX had accepted the Company's notice of Intention to repurchase for cancellation up to an aggregate of 8,423,566 common shares, or approximately 5% of the Company's issued and outstanding shares. Avino is in a strong financial position, and at current silver prices and enough free cash flow generation in 2026 to support the repurchase of common shares, bringing additional value to shareholders and further underscoring our commitment to delivering strong shareholder returns.2026 Capital ExpendituresCapital expenditures in Q1 2026 totaled $2.7 million, compared to $1.8 million in Q1 2025. The increased amount is in line with our capital budget for 2026 and was primarily spent on mine development and equipment for future production mining operations at La Preciosa.The earnings should be read in conjunction with the Company's Financial Statements and Management's Discussion and Analysis ("MD&A") for the corresponding period, which can be viewed on the Company's website at www.avino.com, or on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.ESG InitiativesAvino follows the ESG Standards and the United Nations Sustainable Development goals. There are 17 Sustainable Development Goals ("SDGs"), which were developed as a call to action by all countries developed and developing in a global partnership.Alongside our operational and growth initiatives, we continue to advance our Corporate Social Responsibility ("CSR") programs across both Avino Mine and La Preciosa. Over many decades, we have built strong and lasting relationships with our local communities and workforce, reflected in our low labour turnover and growing base of skilled employees. Our operations are supported by a workforce of 707 men and women, including 580 unionized workers, employees, and contractors at the Avino Mine, as well as an additional 127 workers advancing activities at La Preciosa. Our operations continue to make a meaningful contribution to the regional economy through local employment, training, procurement, and community-based initiatives. We remain committed to supporting the long-term social and economic development of the communities where we operate while fostering sustainable growth for all stakeholders.For the third consecutive year, Avino has received the Empresa Socialmente Responsible ("ESR") designation which reflects our economic, social and environmental commitment to making a positive impact for our local communities. The distinction is awarded annually by the Mexican Council for Philanthropy (Cemefi) and the Alliance for Corporate Social Responsibility for Mexico (AliaRSE).Avino is currently preparing the Company's second annual Sustainability Report, which will be published on our website upon completion. The report is intended to provide transparency on how responsible mining practices, strong governance, and community engagement support Avino's operational performance and long-term growth.Qualified PersonPeter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.Non-IFRS MeasuresThe financial results in this news release include references to non-IFRS Accounting Standards measures. These measures are used by the Company to manage and evaluate the operating performance of the Company's mining operations and are widely reported in the silver and gold mining industry as benchmarks for performance, but do not have standardized meanings prescribed by IFRS. For a reconciliation of non-GAAP and GAAP measures, please refer to the "Non-IFRS Accounting Standards Measures" section of the Company's MD&A dated May 13, 2026, for the three months ended March 31, 2026, which is incorporated by reference within this news release and is available on SEDAR+ at www.sedarplus.ca.Earnings Call InformationThe Company's Q1 2026 financial statements and results are scheduled to be released after the market closes on Wednesday, May 13, 2026.A conference call to discuss the Company's Q1 2026 operational and financial results will be held on Thursday, May 14, 2026, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino's Q1 2026 Financial Results or by dialing the following numbers five to ten minutes prior to the start time.Toll Free: 888-506-0062International: +1 973-528-0011Participant Access Code: 389903Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the Company name. Participants will have the opportunity to ask questions during the Q&A portion.The conference call and webcast will be recorded, and the replay will be available on the Company's website later that day.About AvinoAvino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.For Further Information, Please Contact:Investor Relations
Tel: 604-682-3701
Email: IR@avino.comCautionary Note Regarding Forward-Looking StatementsThis news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral reserve estimate and mineral resource estimate for the Company's Avino properties, including La Preciosa, located near Durango in west-central Mexico (the "Avino Property") with an effective date of October 31, 2025 (consisting of the Elena Tolosa ("ET") deposit, Guadalupe, and La Potosina). The Oxide Tailings Deposit mineral reserve estimate has an effective date of January 16, 2024.This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995.These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. All forward-looking statements are based on the Company or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes; the timing and amount of estimated future exploration and development; costs and timing of the development of deposits; capital projects and exploration activities and the possible results thereof; completion and filing of the updated Mineral Resource Estimate; future operating procedures; infrastructure development and economic enhancement projects. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if our property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; fluctuations in the spot and forward price of gold, silver, copper, base metals or certain other commodities; fluctuations in the currency markets (such as the Mexican Peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; requirements for additional capital to support expansion projects; changes in project parameters as plans continue to be refined; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); effectiveness of environmental mitigations and strategies including production of tailings and mine rock and water management strategies, the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2025 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.The Company cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.Cautionary Note to United States InvestorsThe Company is formed under the laws of British Columbia, Canada and qualifies as a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101.NI43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.Footnotes:Silver equivalent or "AgEq" was calculated using metal prices of $45.30 per oz Ag, $3,929 per oz Au and $4.85 per lb Cu. These metal prices are based on the Company's 2026 budget as approved by the Board of Directors, and previous periods have been recalculated using these prices for comparability purposes. Calculated figures may not add up due to rounding."Silver equivalent payable ounces sold" for the purposes of cash costs and all-in sustaining costs consists of the sum of payable silver ounces, gold ounces and copper tonnes sold, before penalties, treatment charges, and refining charges, multiplied by the ratio of the average spot gold and copper prices to the average spot silver price for the corresponding period.Non-IFRS Accounting Standard measure. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under IFRS Accounting Standards and the calculation methods may differ from methods used by other companies with similar reported measures. See Non-IFRS Accounting Standards Measures section for further information and detailed reconciliations.SOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Delivers Record Q1 2026 Financial Results

CORRECTION FROM SOURCE: Avino Announces Q1 2026 Production ResultsApril 23, 2026 10:20 AM
ACCESS NewswireIn the news release Avino Reports Q1 2026 Production Results issued April 23, 2026, the word 'million' was incorrectly stated after the amount of silver equivalent ounces in the first paragraph, the remainder of the news release is unchanged.VANCOUVER, BC / ACCESS Newswire / April 23, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(GV6:FSE) a long-standing silver producer in Mexico, reports first quarter 2026 production results of 263,057 silver ounces ("oz"), 1,851 gold oz and 1,343,654 pounds of copper ("lbs"), for a total of 568,112 silver equivalent1 ("AgEq1") oz."We have started 2026 with positive momentum, reflected in quarterly production of 568,112 million ounces, providing a strong foundation to deliver on our annual production target," said David Wolfin, President and Chief Executive Officer. "Mill performance remained solid during the quarter, with tonnes milled exceeding expectations. With elevated silver prices, we expect revenues to significantly outperform our budget, reflecting both strong metal prices and operational performance. Our teams continue to actively manage throughput across all four circuits. Contributions from La Preciosa development ore exceeded plan and we are seeing encouraging progress in grade improvements, particularly toward the end of the quarter. We will continue to optimize performance across our operations as we continue to advance our transformational growth plans. As noted previously and as La Preciosa advances, we expect that production will be weighted to the second half of 2026, and we remain on track with our forecasted production for the year."PRODUCTION HIGHLIGHTS - Q1 2026Steady Progress at La Preciosa: Ongoing extraction, haulage, and processing of mineralized development material from La Preciosa was slightly below plan early in the quarter, primarily due to mill availability and the intentional processing of lower-grade development ore. This approach allowed the Company to capitalize on strong silver prices while leveraging previously stockpiled higher-grade material.Silver and Gold Production: Avino produced 568,112 silver equivalent1 ounces in Q1 2026, representing a slight decrease compared to Q1 2025. The decrease reflects planned mining sequencing into lower-grade areas, planned for the first quarter. Development production from La Preciosa contributed 49,830 silver ounces, slightly higher than Q4 2025.Enhanced Mill Throughput: In Q1 2026, Avino achieved an 11% increase in mill throughput year-over-year. This performance reflects the impact of targeted upgrades and automation initiatives led by our operations and maintenance teams, which have improved mill availability and supported higher, more consistent throughput levels.Consolidated Production Results - Q1 2026Q12026Q12025Change Q12026Q42025Change185,497167,85311%Total Mill Feed (dry tonnes)185,497189,338-2%5658-4%Feed Grade Silver (g/t)5662-9%0.420.55-24%Feed Grade Gold (g/t)0.420.406%0.420.50-16%Feed Grade Copper (%)0.420.406%81%85%-4%Recovery Silver (%)81%82%-1%73%75%-2%Recovery Gold (%)73%70%4%84%87%-3%Recovery Copper (%)84%83%1%263,057265,681-1%Total Silver Produced (oz)263,057345,298-24%1,8512,225-17%Total Gold Produced (oz)1,8511,68710%1,343,6541,604,343-16%Total Copper Produced (lbs)1,343,6541,295,2444%568,112631,249-10%Total Silver Equivalent1 Produced (oz)568,112671,583-15%Production Results by Operation - Q1 2026 AvinoLa PreciosaTotalTotal Mill Feed (dry tonnes)171,39914,098185,497Feed Grade Silver (g/t)4717256Feed Grade Gold (g/t)0.440.290.42Feed Grade Copper (%)0.42-0.42Recovery Silver (%)82%64%81%Recovery Gold (%)74%64%73%Recovery Copper (%)84%-%84%Total Silver Produced (oz)213,22749,830263,057Total Gold Produced (oz)1,766851,851Total Copper Produced (lbs)1,343,654-1,343,654Total Silver Equivalent1 Produced (oz)510,91557,197568,112Inaugural Mineral Reserve and Updated Mineral Resource EstimatesThe Company released the details of most recent mineral reserve estimate and updated mineral resource estimate on April 16th, 2026. The highlights included inaugural proven and probable mineral reserves at two of the Company's three assets, totaling 27 million tonnes containing 95 million ounces of silver at a grade of 109 g/t, 356 thousand ounces of gold at a grade of 0.41 g/t, and 85 million pounds of copper at a grade of 0.31%. This calculates to 127 million silver equivalent ounces at a grade of 145 g/t. The full news release can be viewed here. The mineral resources and reserves estimate are being included in an updated technical report (the "Updated Technical Report" prepared by Tetra Tech Canada Inc. in accordance with the requirements of NI-43-101), which will be available on SEDAR+ at www.sedarplus.ca under the Company's profile and filed on Form 6-K with the SEC within 45 days.La Preciosa UpdateDuring Q1, development mining was ongoing on the north faces of both La Gloria and Abundancia veins with development ore being trucked to the mill for processing. Subsequent to Q1, development mining and haulages rates increased to allow for Mill Circuit 2 to switch from Avino ore to La Preciosa development ore, ahead of planned increases to La Preciosa processing throughput. Mine engineering was focused on the publication of reserves and resources mentioned above. Engineering efforts have now pivoted to mine planning scenario analysis to optimize the two deposits in parallel and determine maximum and optimum mining, processing and haulage rates. Work will be ongoing throughout the rest of the year.Exploration ProgramAt Avino, two drills were turning during the quarter. The first drill was focused on infill drilling in the upper area in the eastern portion of the system. The second drill at Avino was focused on extension drilling in the footwall breccia area in the upper east portion.At La Preciosa, two drills were also turning during Q1. The first drill rig focused on infill drilling on La Gloria and Abundancia. This will transition to extension drilling in subsequent quarters. The second drill rig was more focused on true exploration drilling and evaluating the relationship between Martha and the Eastern gap zones, with minimal drilling done in this area previously.An update from drilling at both properties and the four active drill rigs will be released in due course when results are received and compiled.Earnings AnnouncementThe Company's Q1 2026 financial statements and results are scheduled to be released after the market closes on Wednesday, May 13, 2026.A conference call to discuss the Company's Q1 2026 operational and financial results will be held on Thursday, May 14, 2026, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino's Q1 2026 Financial Results or by dialing the following numbers five to ten minutes prior to the start time.Toll Free: 888-506-0062International: +1 973-528-0011Participant Access Code: 389903Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the Company name. Participants will have the opportunity to ask questions during the Q&A portion.The conference call and webcast will be recorded, and the replay will be available on the Company's website later that day.Quality Assurance/Quality ControlMill assays are performed at the Avino property's on-site lab. Check samples were submitted to SGS Labs in Durango, Mexico for verification. Gold and silver assays are performed by the fire assay method with a gravimetric finish for concentrates and AAS (Atomic Absorption Spectrometry) methods for copper, lead, zinc and silver for feed and tail grade samples. All concentrate shipments are assayed by one of the following independent third-party labs: Inspectorate in the UK, LSI in the Netherlands, and AHK.Qualified Person(s)Peter Latta, P.Eng., MBA, Avino's VP Technical Services, is a qualified person within the context of National Instrument 43-101, has reviewed and approved the technical data in this news release.About AvinoAvino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30™ 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.For Further Information, Please Contact:Investor Relations
Tel: 604-682-3701
Email: IR@avino.comCautionary Note Regarding Forward-Looking StatementsThis news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral reserve estimate and mineral resource estimate for the Company's Avino properties, including La Preciosa, located near Durango in west-central Mexico (the "Avino Property") with an effective date of October 31, 2025 (consisting of the Elena Tolosa ("ET") deposit, Guadalupe, and La Potosina). The Oxide Tailings Deposit mineral reserve estimate has an effective date of January 16, 2024.This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995.These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. All forward-looking statements are based on the Company or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes; the timing and amount of estimated future exploration and development; costs and timing of the development of deposits; capital projects and exploration activities and the possible results thereof; completion and filing of the updated Mineral Resource Estimate; future operating procedures; infrastructure development and economic enhancement projects. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if our property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; fluctuations in the spot and forward price of gold, silver, copper, base metals or certain other commodities; fluctuations in the currency markets (such as the Mexican Peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; requirements for additional capital to support expansion projects; changes in project parameters as plans continue to be refined; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); effectiveness of environmental mitigations and strategies including production of tailings and mine rock and water management strategies, the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2025 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.The Company cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.Cautionary Note to United States InvestorsThe Company is formed under the laws of British Columbia, Canada and qualifies as a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101.NI43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.Footnotes:Silver equivalent or "AgEq" was calculated using metal prices of $45.30 per oz Ag, $3,929 per oz Au and $4.85 per lb Cu. These metal prices are based on the Company's 2026 budget as approved by the Board of Directors, and previous periods have been recalculated using these prices for comparability purposes. Calculated figures may not add up due to roundingSOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: CORRECTION FROM SOURCE: Avino Announces Q1 2026 Production Results

Avino Announces Q1 2026 Production ResultsApril 23, 2026 7:15 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / April 23, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(GV6:FSE) a long-standing silver producer in Mexico, reports first quarter 2026 production results of 263,057 silver ounces ("oz"), 1,851 gold oz and 1,343,654 pounds of copper ("lbs"), for a total of 568,112 million silver equivalent1 ("AgEq1") oz."We have started 2026 with positive momentum, reflected in quarterly production of 568,112 million ounces, providing a strong foundation to deliver on our annual production target," said David Wolfin, President and Chief Executive Officer. "Mill performance remained solid during the quarter, with tonnes milled exceeding expectations. With elevated silver prices, we expect revenues to significantly outperform our budget, reflecting both strong metal prices and operational performance. Our teams continue to actively manage throughput across all four circuits. Contributions from La Preciosa development ore exceeded plan and we are seeing encouraging progress in grade improvements, particularly toward the end of the quarter. We will continue to optimize performance across our operations as we continue to advance our transformational growth plans. As noted previously and as La Preciosa advances, we expect that production will be weighted to the second half of 2026, and we remain on track with our forecasted production for the year."PRODUCTION HIGHLIGHTS - Q1 2026Steady Progress at La Preciosa: Ongoing extraction, haulage, and processing of mineralized development material from La Preciosa was slightly below plan early in the quarter, primarily due to mill availability and the intentional processing of lower-grade development ore. This approach allowed the Company to capitalize on strong silver prices while leveraging previously stockpiled higher-grade material.Silver and Gold Production: Avino produced 568,112 silver equivalent1 ounces in Q1 2026, representing a slight decrease compared to Q1 2025. The decrease reflects planned mining sequencing into lower-grade areas, planned for the first quarter. Development production from La Preciosa contributed 49,830 silver ounces, slightly higher than Q4 2025.Enhanced Mill Throughput: In Q1 2026, Avino achieved an 11% increase in mill throughput year-over-year. This performance reflects the impact of targeted upgrades and automation initiatives led by our operations and maintenance teams, which have improved mill availability and supported higher, more consistent throughput levels.Consolidated Production Results - Q1 2026Q12026Q12025Change Q12026Q42025Change185,497167,85311%Total Mill Feed (dry tonnes)185,497189,338-2%5658-4%Feed Grade Silver (g/t)5662-9%0.420.55-24%Feed Grade Gold (g/t)0.420.406%0.420.50-16%Feed Grade Copper (%)0.420.406%81%85%-4%Recovery Silver (%)81%82%-1%73%75%-2%Recovery Gold (%)73%70%4%84%87%-3%Recovery Copper (%)84%83%1%263,057265,681-1%Total Silver Produced (oz)263,057345,298-24%1,8512,225-17%Total Gold Produced (oz)1,8511,68710%1,343,6541,604,343-16%Total Copper Produced (lbs)1,343,6541,295,2444%568,112631,249-10%Total Silver Equivalent1 Produced (oz)568,112671,583-15%Production Results by Operation - Q1 2026 AvinoLa PreciosaTotalTotal Mill Feed (dry tonnes)171,39914,098185,497Feed Grade Silver (g/t)4717256Feed Grade Gold (g/t)0.440.290.42Feed Grade Copper (%)0.42-0.42Recovery Silver (%)82%64%81%Recovery Gold (%)74%64%73%Recovery Copper (%)84%-%84%Total Silver Produced (oz)213,22749,830263,057Total Gold Produced (oz)1,766851,851Total Copper Produced (lbs)1,343,654-1,343,654Total Silver Equivalent1 Produced (oz)510,91557,197568,112Inaugural Mineral Reserve and Updated Mineral Resource EstimatesThe Company released the details of most recent mineral reserve estimate and updated mineral resource estimate on April 16th, 2026. The highlights included inaugural proven and probable mineral reserves at two of the Company's three assets, totaling 27 million tonnes containing 95 million ounces of silver at a grade of 109 g/t, 356 thousand ounces of gold at a grade of 0.41 g/t, and 85 million pounds of copper at a grade of 0.31%. This calculates to 127 million silver equivalent ounces at a grade of 145 g/t. The full news release can be viewed here. The mineral resources and reserves estimate are being included in an updated technical report (the "Updated Technical Report" prepared by Tetra Tech Canada Inc. in accordance with the requirements of NI-43-101), which will be available on SEDAR+ at www.sedarplus.ca under the Company's profile and filed on Form 6-K with the SEC within 45 days.La Preciosa UpdateDuring Q1, development mining was ongoing on the north faces of both La Gloria and Abundancia veins with development ore being trucked to the mill for processing. Subsequent to Q1, development mining and haulages rates increased to allow for Mill Circuit 2 to switch from Avino ore to La Preciosa development ore, ahead of planned increases to La Preciosa processing throughput. Mine engineering was focused on the publication of reserves and resources mentioned above. Engineering efforts have now pivoted to mine planning scenario analysis to optimize the two deposits in parallel and determine maximum and optimum mining, processing and haulage rates. Work will be ongoing throughout the rest of the year.Exploration ProgramAt Avino, two drills were turning during the quarter. The first drill was focused on infill drilling in the upper area in the eastern portion of the system. The second drill at Avino was focused on extension drilling in the footwall breccia area in the upper east portion.At La Preciosa, two drills were also turning during Q1. The first drill rig focused on infill drilling on La Gloria and Abundancia. This will transition to extension drilling in subsequent quarters. The second drill rig was more focused on true exploration drilling and evaluating the relationship between Martha and the Eastern gap zones, with minimal drilling done in this area previously.An update from drilling at both properties and the four active drill rigs will be released in due course when results are received and compiled.Earnings AnnouncementThe Company's Q1 2026 financial statements and results are scheduled to be released after the market closes on Wednesday, May 13, 2026.A conference call to discuss the Company's Q1 2026 operational and financial results will be held on Thursday, May 14, 2026, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino's Q1 2026 Financial Results or by dialing the following numbers five to ten minutes prior to the start time.Toll Free: 888-506-0062International: +1 973-528-0011Participant Access Code: 389903Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the Company name. Participants will have the opportunity to ask questions during the Q&A portion.The conference call and webcast will be recorded, and the replay will be available on the Company's website later that day.Quality Assurance/Quality ControlMill assays are performed at the Avino property's on-site lab. Check samples were submitted to SGS Labs in Durango, Mexico for verification. Gold and silver assays are performed by the fire assay method with a gravimetric finish for concentrates and AAS (Atomic Absorption Spectrometry) methods for copper, lead, zinc and silver for feed and tail grade samples. All concentrate shipments are assayed by one of the following independent third-party labs: Inspectorate in the UK, LSI in the Netherlands, and AHK.Qualified Person(s)Peter Latta, P.Eng., MBA, Avino's VP Technical Services, is a qualified person within the context of National Instrument 43-101, has reviewed and approved the technical data in this news release.About AvinoAvino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30™ 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.For Further Information, Please Contact:Investor Relations
Tel: 604-682-3701
Email: IR@avino.comCautionary Note Regarding Forward-Looking StatementsThis news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral reserve estimate and mineral resource estimate for the Company's Avino properties, including La Preciosa, located near Durango in west-central Mexico (the "Avino Property") with an effective date of October 31, 2025 (consisting of the Elena Tolosa ("ET") deposit, Guadalupe, and La Potosina). The Oxide Tailings Deposit mineral reserve estimate has an effective date of January 16, 2024.This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995.These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. All forward-looking statements are based on the Company or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes; the timing and amount of estimated future exploration and development; costs and timing of the development of deposits; capital projects and exploration activities and the possible results thereof; completion and filing of the updated Mineral Resource Estimate; future operating procedures; infrastructure development and economic enhancement projects. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if our property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; fluctuations in the spot and forward price of gold, silver, copper, base metals or certain other commodities; fluctuations in the currency markets (such as the Mexican Peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; requirements for additional capital to support expansion projects; changes in project parameters as plans continue to be refined; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); effectiveness of environmental mitigations and strategies including production of tailings and mine rock and water management strategies, the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2025 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.The Company cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.Cautionary Note to United States InvestorsThe Company is formed under the laws of British Columbia, Canada and qualifies as a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101.NI43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.Footnotes:Silver equivalent or "AgEq" was calculated using metal prices of $45.30 per oz Ag, $3,929 per oz Au and $4.85 per lb Cu. These metal prices are based on the Company's 2026 budget as approved by the Board of Directors, and previous periods have been recalculated using these prices for comparability purposes. Calculated figures may not add up due to roundingSOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Announces Q1 2026 Production Results

Avino Announces Inaugural Consolidated Mineral ReservesApril 16, 2026 7:15 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / April 16, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) ("Avino" or the "Company") a long-standing silver producer in Mexico, has completed a new Mineral Reserve Estimate and updated the Mineral Resource Estimate ("MRE") which includes La Preciosa, the Avino Mine (consisting of the Elena Tolosa ("ET") deposit, Guadalupe, and La Potosina) with an effective date of October 31, 2025. The Oxide Tailings Deposit mineral reserve estimate was completed in 2024 and is materially unchanged since its publication and has an effective date of January 16, 2024."Establishing mineral reserves across all of our properties is a transformational milestone for Avino," said David Wolfin, President and CEO. "For the first time, we have defined reserves that demonstrate the underlying quality, scale, and economic potential of our asset base, further advancing the Company toward a multi-asset, mid-tier producer. We are very pleased to report an inaugural mineral reserve estimate of 127 million silver equivalent ounces across our three assets. This milestone is complemented by growth in our mineral resource base. Importantly, this growth was achieved after accounting for depletion from ongoing mining activities, underscoring the strength and continuity of our ore bodies and mineralized systems. Together, these results reinforce the depth of our organic pipeline and position Avino for continued growth and long-term value creation for shareholders."HIGHLIGHTSInaugural Proven and Probable Mineral Reserves at La Preciosa and Avino: 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, 356 thousand ounces of gold at a grade of 0.41 g/t, and 85 million pounds of copper at a grade of 0.31%. This calculates to 127 million silver equivalent ounces at a grade of 145 g/t.Significant Resource Conversion to Mineral Reserves: 42% of mineral resources were converted to mineral reserves on a silver equivalent basis representing decades of mine life at current mill throughput levels.Large Measured & Indicated Mineral Resource Base: 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, 413 thousand ounces of gold at a grade of 0.32 g/t and 243 million pounds of copper at a grade of 0.16%. This calculates to 301 million silver equivalent ounces at a grade of 162 g/t.Increase in All Mineral Resource Categories: Overall, there was a 9% increase in total measured and indicated mineral resources compared to the last published MRE, after accounting for depletion and 4,560 meters of exploration drilling. Measured mineral resources increasing to 10.8 million tonnes from 8.5 million tonnes, indicated resources increasing to 56.9 million tonnes from 44.6 million tonnes, and inferred resources increasing to 24.8 million tonnes from 23.8 million tonnes.La Preciosa PropertyProven and Probable Mineral Reserves of 11 million tonnes containing 72 million ounces of silver at 206 g/t, and 128 thousand ounces of gold at 0.37 g/t.Measured and Indicated Mineral Resources of 33.2 million tonnes containing 158 million ounces of silver at 148 g/t and 287 thousand ounces of gold at 0.27 g/t.Upgrading in confidence of 3.8 million tonnes to the Measured Mineral Resource category, for a total of 23 million ounces of silver at 186 g/t and 36 thousand ounces of gold at 0.30 g/t.Avino PropertyProven and Probable mineral reserves of 10 million tonnes of ore containing 12 million silver ounces at a grade of 38 g/t, and 127 thousand gold ounces at a grade of 0.41 g/t and 85 million pounds of copper at a grade of 0.40%.A measured and indicated mineral resource of 28 million tonnes containing 37 million silver ounces at a grade of 44 g/t and 309 thousand gold ounces at a grade of 0.37 g/t and 226 million pounds of copper at a grade of 0.32%. Oxide Tailings PropertyProven and Probable Mineral Reserves of 6.7 million tonnes of ore containing 12 million ounces of silver at a grade of 54 g/t, and 102 thousand ounces of gold at a grade of 0.47 g/t."The mineral reserve estimates represent an important technical milestone for the Company" said Peter Latta, VP Technical Services. "The reserves have been developed using established industry methodologies and reflect reasonable prospects for eventual economic extraction based on the data available at the time. Converting nearly half of our mineral resources to mineral reserves is an incredible accomplishment for the inaugural reserve calculation with room to continue to grow in 2026. Furthermore, with only 4,560 meters drilled between effective dates of resource estimates, we believe there is a lot of room to expand the resource base as we have ramp up drilling and exploration efforts across both La Preciosa and Avino in 2026, with 30,000 metres committed for this year."MINERAL RESERVE AND MINERAL RESOURCE SUMMARYAs of the effective date of October 31, 2025, Proven and Probable Mineral Reserve estimates at the Company's properties totaled 27 million tonnes for 127 million silver equivalent ounces at a grade of 145 g/t. As of the same date, Measured and Indicated Mineral Resource estimates totaled 67.7 million tonnes and 301 million silver equivalent ounces at a grade of 162 g/t while Inferred Mineral Resources totaled 24.8 million tones and 87.6 million silver equivalent ounces at a grade of 123 g/t. Year-over-year changes primarily reflect discovery and exploration success, Inferred-to-Indicated Mineral Resource conversion, improved geological understanding, and lower cut-off grades supported by higher metal price assumptions, offsetting mining depletion.Measured and Indicated Mineral Resources are reported inclusive of Mineral Reserves, and all Mineral Resources reflect mining depletion through to October 31, 2025.Table 1. Proven and Probable Mineral Reserves. Notes for UG ReservesTotals may not sum due to rounding.Underground Mineral Reserves as of October 31, 2025 are derived from Measured & Indicated Resources, account for depletion to that date, and are reported with a reference point of mined ore delivered to the plant.Metal prices considered for the underground Mineral Reserves estimates were US$36.90/t.oz Ag, US$3,210/t.oz Au, and US$4.4/lb Cu. Other key assumptions and parameters include metal recoveries (89% Cu, 74-70% Au, and 87-80% Ag), payable factors applied on a deposit-specific basis (83-96% Ag, 95% Au, and 96.75% Cu), treatment and other smelter charges (US$134.25-68 per dry metric tonne), freight to smelter (US$45 per wet metric tonne), refining charges for silver, gold, and copper (US$0.30/oz Ag, US$6.00/oz Au, and US$0.07/lb Cu), and applicable concentrate penalties. Mining, processing, and G&A operating costs for the Gloria, Abundancia, and Martha veins were estimated at US$75.31/t, US$55.21/t, and US$60.89/t for mining; US$18.45/t for processing; and US$16.80/t for G&A, respectively, resulting in NSR breakeven cut-off values of US$110.56/t for Gloria, US$90.46/t for Abundancia, and US$96.14/t for Martha.AgEQ grade is estimated considering metal price assumptions, metallurgical recovery for the corresponding mineral type/mineral process and the metal payable of the selling contract as of effective date.Notes for Oxide Tailings Reserves No material change has occurred since the 2024 PFS; reviewed by the QP and remains valid under current assumptions.The effective date of the Oxide Tailings Reserves Estimate is January 16, 2024.Reserves estimated assuming open pit mining methods.Reserves are reported on a dry in-situ basis.Reserves are based on a gold price of US $1850/tr oz., and silver price of US $22/tr oz, mining cost of US$1.00/t mined, milling costs of US$18.00/t feed, and USG&A cost of US$3.00/t feed.Mineral Reserve includes consideration for 1% mining dilution and 99% mining recovery.Ore-waste cut-off was based on US$21.00/t of NSR.AgEQ grade is estimated considering metal price assumptions, metallurgical recovery for the corresponding mineral type/mineral process and the metal payable of the selling contract as of effective date. Table 2. Mineral Resources Inclusive of the Mineral Reserves. Notes for ResourcesTotals may not sum due to rounding.Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.The Mineral Resource estimate is classified in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves incorporated by reference into NI 43-101 Standards of Disclosure for Mineral Projects ("NI-43-101").The Measured and Indicated Mineral Resources are inclusive of those Mineral Resources modified to produce the Mineral Reserves.Based on recent mining costs, Mineral Resources are reported for Avino at cut-off grades of 55 g/t, 130 g/t, 100 g/t for Avino ET, Guadalupe, and La Potosina, respectively.Based on recent mining costs, Mineral Resources are reported at La Preciosa Ag recovery 80%, Au Recovery 70%, Ag price $36.90/t. oz., Au price $3,210/t. oz. Cut-off grades in silver equivalent grades (AgEQ), Avino Mine - 55 g/t, La Preciosa Underground - 120 g/t, Oxide Tailings -50 g/t.Mineral Resource EstimationThe definitive estimation methods used were similar for all deposits (Ordinary Kriging), providing a consistent baseline for strategic planning.Mineral resources were estimated by ordinary kriging, optimized using kriging neighbourhood analysis and verified by means of nearest neighbour and inverse distance methods, swathplot comparisons of estimates and visual inspections. Block models were created for the San Gonzalo, and Avino Vein Systems ET, Guadalupe, La Potosina, La Preciosa and the Oxide Tailings deposit, and estimates were made using industry standard techniques.Fundamental changes since the previous mineral resource estimates in 2020 and 2024 are (1) depletion due to mining, (2) new sampling and drilling information and (3) changes to the interpretation of the breccias and vein models at Avino ET and La Preciosa.More sampling information does not always lead to direct increases in resource tonnages and contained metal. In some cases, the new information provides improved understanding (developed by variogram modelling and kriging neighborhood analysis) that may demote some portions of mineral resource from high confidence measured and indicated categories, to a lower confidence inferred category.Classification criteria are summarized in the following table. The mineral resources and reserves estimate are being included in an updated technical report (the "Updated Technical Report" prepared by Tetra Tech Canada Inc. in accordance with the requirements of NI-43-101), which will be available on SEDAR+ at www.sedarplus.ca under the Company's profile and filed on Form 6-K with the SEC within 45 days.Factors that May Affect the Mineral Reserve estimatesFactors that could materially influence the Mineral Reserve estimates include potential fluctuations in metal prices and exchange rate assumptions; geotechnical conditions that may compromise underground stability and contribute to increased unplanned dilution or mining losses; unexpected variations in equipment productivity; and any reduction in the mine's ability to process mineralized material at planned throughput rates or achieve expected metallurgical recoveries. Additional risks relate to higher-than-anticipated geological variability, tailings storage capacity, cost escalation driven by external economic pressures, and changes to taxation assumptions. The estimates may also be impacted by challenges in maintaining consistent access to mining areas, changes to permitting or regulatory frameworks underlying the mine plan, risks associated with securing mining concessions and surface rights, and the renewal of agreements with local surface owners, as well as the ongoing requirement to maintain social and environmental licenses to operate.The existing tailings storage infrastructure does not currently have sufficient capacity for the full reserve tonnage; however, conceptual expansion options have been identified and will be evaluated and confirmed through detailed geotechnical and engineering studies. Preliminary, high-level volumetric assessments suggest that the mineral concession in the Avino Area may be able to accommodate the projected tailings volume subject to the results of these further investigations. Detailed geotechnical stability analyses and comprehensive engineering studies are still required to confirm the definitive storage capacity. As such, the underground Mineral Reserves Estimate may be subject to modification pending the outcome of these studiesQualified Person(s)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. 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.About AvinoAvino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.For Further Information, Please Contact:Investor Relations
Tel: 604-682-3701
Email: IR@avino.comCautionary Note Regarding Forward-Looking StatementsThis news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. All forward-looking statements are based on the Company or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes; the timing and amount of estimated future exploration and development; costs and timing of the development of deposits; capital projects and exploration activities and the possible results thereof; completion and filing of the updated Mineral Resource Estimate; future operating procedures; infrastructure development and economic enhancement projects. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward- looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if our property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; fluctuations in the spot and forward price of gold, silver, copper, base metals or certain other commodities; fluctuations in the currency markets (such as the Mexican Peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; requirements for additional capital to support expansion projects; changes in project parameters as plans continue to be refined; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); effectiveness of environmental mitigations and strategies including production of tailings and mine rock and water management strategies, the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2025 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.The Company cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.Cautionary Note to United States InvestorsThe Company is formed under the laws of British Columbia, Canada and qualifies as a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101.NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.SOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Announces Inaugural Consolidated Mineral Reserves

Avino Announces Normal Course Issuer Bid for Common SharesApril 6, 2026 7:15 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / April 6, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) ("Avino" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") to repurchase, for cancellation, up to an aggregate of 8,428,566 common shares of Avino (the "Common Shares"), representing approximately 5% of the Company's issued and outstanding Common Shares, being 168,571,331 Common Shares as of March 31, 2026. Purchases can be made at prevailing market prices during a 12-month period commencing on April 8, 2026 and ending on the earlier of April 7, 2027 and the date on which the Company reaches the maximum purchases permitted under the NCIB.David Wolfin, President and CEO of the Company, commented: "Avino has enjoyed significant share price appreciation over the past nine months, and is implementing the NCIB to provide flexibility and optionality in the event we determine our share price does not adequately reflect the underlying value and long-term potential of the Company. Avino is in a strong financial position, and at current silver prices, expects to generate enough free cash flow in 2026 to support the repurchase of Common Shares, bringing additional value to shareholders and further underscoring our commitment to delivering strong shareholder returns."Under the NCIB, purchases will be made through the facilities of the TSX, the NYSE American LLC (the "NYSE American") and/or permitted alternative trading systems in Canada and the United States at prevailing market prices or such other prices as permitted under the rules and policies of the TSX and the NYSE American, as applicable, and applicable securities laws. All Common Shares purchased by the Company under the NCIB will be cancelled. Daily purchases on the TSX under the NCIB will be limited to a maximum of 248,266 Common Shares, representing 25% of 993,067, the average daily trading volume of the Common Shares on the TSX for the six months ending March 31, 2026, subject to any purchases made pursuant to the block purchase exception.The Company believes the NCIB will provide a flexible tool as part of its overall capital allocation program, that the repurchase of Common Shares at certain market prices is an appropriate and desirable use of the Company's funds, and that the NCIB is in the best interests of the Company and beneficial to its shareholders. The Company has no obligation to purchase any Common Shares and may, at its discretion, suspend or discontinue purchases under the NCIB at any time. The actual number of Common Shares to be purchased under the NCIB and the timing of any such purchases will be determined by management of the Company based on market conditions, share price, best use of available cash, and other factors as determined from time to time.In connection with the NCIB, the Company has entered into an automatic share purchase plan ("ASPP") in relation to purchases made under the NCIB. The ASPP is intended to facilitate repurchases of Common Shares at times under the NCIB when the Company would ordinarily not be permitted to make purchases due to regulatory restriction or customary self-imposed blackout periods. Before the commencement of any particular trading black-out period, the Company may, but is not required to, instruct its designated broker to make purchases of Common Shares under the NCIB during the ensuing black-out period in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by the Company. The ASPP will constitute an "automatic securities purchase plan" under applicable securities laws and has been entered into in accordance with the requirements of the TSX. It will terminate when the NCIB expires, unless terminated earlier in accordance with its terms. All purchases of Common Shares made under the ASPP will be included in determining the number of Common Shares purchased under the NCIB. Outside of pre-determined blackout periods, Common Shares may be purchased under the NCIB based on management's discretion.This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About Avino:
Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.Cautionary Notes & Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward-looking statements") within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to: the Company's intention to make an NCIB and enter into an ASPP, the reasons for the NCIB and the ASPP, the timing and amount of purchases under the NCIB and the ASPP, the cancellation of the Common Shares purchased under the NCIB, any anticipated benefits associated with the NCIB or the ASPP, expectations regarding free cash flow, and beliefs with respect to the value of the Common Shares and the underlying value of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.The Company has based forward-looking statements on the Company's current expectations and projections about future events and these assumptions include: the Company's ability to achieve the exploration, production, cost and development expectations for its respective operations and projects; prices for gold, silver and copper remaining as estimated; availability of funds for the Company's projects and future cash requirements; the Company's ability to maintain and obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; no unexpected geological formations or environmental hazards are encountered; and, tonnage of ore to be mined and processed and ore grades and recoveries remaining consistent with mine plans. While the Company considers these assumptions to be reasonable, they may prove to be incorrect. Forward-looking statements involve numerous risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. Such factors include those described in the section "Risk Factors" in the Company's MD&A for the most recent fiscal year end, and in the section titled "Risk Factors" in the Company's most recently filed Annual Information Form, both of which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-looking statements reflect management's current expectations for future events and is subject to change. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statements contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or other factors affecting forward-looking statements. If the Company updates any forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release is expressly qualified by this cautionary statement.For Further Information, Please Contact:Investor Relations Tel: 604-682-3701
Email: IR@avino.comSOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Announces Normal Course Issuer Bid for Common Shares

Avino Reports Exceptional 2025 Results and Advances Multi-Asset Growth Strategy; Significant Improvements Across Key Financial Metrics; Treasury Reaches Record LevelsMarch 10, 2026 5:15 PM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / March 10, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, announces its audited consolidated financial results for the fourth quarter and year ended December 31, 2025. All amounts are in U.S. dollars unless stated otherwise.Fourth Quarter 2025 Financial HighlightsRecord Revenues: The Company achieved a record $30.5 million in revenues for Q4 2025, an increase of 25% from Q4 2024, our previous quarterly record. Further, this quarter represented a return to primary silver production and revenues, with 54% of its revenues coming from silver at an average realized price of $59.52 per ounce.Record Mine Operating Income: Mine operating income was $17.8 million, an increase of 71% from Q4 2024.Record Net Income: Earnings, or net income after taxes, was $10.5 million, or $0.06 per share, both representing quarterly records.Record Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA")3 and Adjusted Earnings3: EBITDA was $14.4 million, an increase of 58% from Q4 2024. Adjusted earnings were $16.3 million, or $0.10 per share, an increase of 62% and 43%, respectively, from Q4 2024.Record Operating Cash Before Working Capital Movements3: The Company generated record operating cash before working capital movements of $19 million, an increase of 219% compared to Q4 2024.Record MineOperating Cash Flow Before Taxes: Mine operating cash flows before taxes were $19.0 million, an increase of 60% from Q4 2024.Return to Primary Silver Production: The Company's silver equivalent production consisted of over 50% silver production for the first quarter since the Company was operating the San Gonzalo Mine. This milestone was driven by the processing of development material from its La Preciosa Mine at the Avino processing facility.Full Year 2025 Financial HighlightsRecord Treasury & Net Cash Position: At the end of 2025,The Company had a record all-time cash balance of $102 million, an increase of 272% from the end of 2024. This represents the highest balance in the Company's history and positions the Company to execute on its organic growth plans.Record Revenues: The Company generated a record $92.2 million, an increase of 39% from 2024, driven by continued higher realized metal prices in 2025. The average silver price realized in 2025 was $44.70 per ounce, much increased from the price of $29.21 realized in 2024.Record Mine Operating Income: Mine operating income was $49 million, representing an increase of 109% compared to 2024.Record Net Income, Adjusted Earnings & EBITDA: The Company recorded net income of $26.6 million, or $0.17 per share, with adjusted earnings3 up 118% at $46.5 million, or $0.29 per share. EBITDA3 rose significantly and was $43 million, up 138%.Record Operating Cash Before Working Capital Movements3: Operating cash generated before working capital movements was $35.3 million, up 134% from 2024. The Company also generated mine operating cash flow before taxes3 of $52.8 million, an increase of 91% from 2024.Consistent Cash Costs and AISC per Silver Equivalent Ounce ("AgEq")3: Cash costs per AgEq payable ounce sold¹²³ were $16.13, an increase of 9% compared to 2024, while all-in sustaining cash costs per AgEq payable ounce sold¹²³ were $23.75, up 15%. The increase was primarily attributable to processing development material from the Company's La Preciosa Mine, as the Company has not yet commenced production mining activities at La Preciosa. Furthermore, lower AgEq payable ounces were sold in the current period than previous periods as a result of higher silver prices impacting the silver:gold and silver:copper ratios used to calculate AgEq ounces."Avino delivered an exceptionally strong performance in 2025, marked by solid operational execution and important milestones that advanced our growth strategy," said David Wolfin, President and CEO. "During the year we continued to generate robust financial results while progressing development at La Preciosa and advancing our broader multi-asset growth strategy in Durango, Mexico. Higher metal prices, improved efficiencies, and disciplined capital management supported our performance, while drill results at La Preciosa exceeded expectations and highlighted the potential of this important asset in our growth plans. Our achievements would not have been possible without the dedication and expertise of our employees and operational teams. Their commitment to safety, innovation, and operational excellence continues to drive Avino forward. As we enter 2026 with a strong balance sheet, growing production profile, and a favourable precious metals market, we believe Avino is well positioned to continue delivering long-term value for our shareholders."Financial HighlightsHIGHLIGHTS(In US$, unless otherwise noted) FourthQuarter 2025 FourthQuarter 2024 Change Year
2025 Year2024 Change Financial Operating Performance (in 000's) Revenues $30,544 $24,382 25% $92,227 $66,178 39%Mine operating income $17,844 $10,456 71% $48,535 $23,201 109%Net income $10,460 $5,092 105% $26,643 $8,100 229%Earnings before interest, taxes and amortization ("EBITDA")3 $14,409 $9,099 58% $42,996 $18,037 138%Adjusted earnings3 $16,297 $9,950 64% $46,535 $21,333 118%Cash provided by operating activities $9,986 $15,551 -36% $27,423 $23,124 19%Operating cash flow before working capital adjustments3 $18,953 5,947 219% 35,343 15,089 134%Mine operating cash flow beforetaxes3 $18,989 $11,878 60% $52,709 $27,578 91%Per Share Amounts Earnings per share - diluted $0.06 $0.03 100% $0.17 $0.06 183%Adjusted earnings per share3 $0.10 $0.07 43% $0.29 $0.15 93%Liquidity & Working Capital (in 000's) December 31,2025 December 31,2024 Change December 31,2025 December 31,
2024 Change Cash $101,724 $27,317 272% $101,724 $27,317 272%Working capital3 $99,562 $25,235 295% $99,562 $25,235 295%Operating Highlights and OverviewHIGHLIGHTS(In US$, unless otherwise noted) FourthQuarter 2025 FourthQuarter 2024 Change Year2025 Year2024 Change Operating Tonnes Milled 189,338 181,733 4% 736,935 648,774 14%Silver Ounces Produced 345,298 283,794 22% 1,157,828 1,109,214 4%Gold Ounces Produced 1,687 2,560 -34% 7,621 7,477 2%Copper Pounds Produced 1,295,244 1,773,694 -27% 5,667,996 6,197,603 -9%Silver Equivalent Ounces1 Produced 671,583 735,557 -9% 2,606,155 2,652,498 -2%Concentrate Sales and Costs Silver Equivalent Payable Ounces Sold2 555,567 889,294 -38% 2,362,505 2,562,211 -8%Cash Cost per Silver Equivalent PayableOunce1,2,3 $21.10 $13.88 52% $16.13 $14.84 9%All-in Sustaining Cost per SilverEquivalent PayableOunce 1,2,3 $31.59 $18.62 70% $23.75 $20.57 15%Operating HighlightsLa Preciosa MilestonesCommenced Processing of La Preciosa Development Material: Avino commenced extraction, haulage and processing of mineralized development material from the La Preciosa Mine during the quarter at an average rate of 200 tonnes per day. In total, 11,995 tonnes of mineralized material were processed at the Avino milling and processing facility, which is located 19 kilometres away from the entrance to the La Preciosa Mine.La Preciosa Royalty & Obligations Repurchase: During the 3rd quarter, Avino acquired all outstanding royalties and obligations held by Deterra Royalties Inc. ("Deterra"), for consideration of a $13.25 million upfront payment followed by an $8.75 million deferred payment, achieving 100% interest on the La Preciosa property. The deferred payment to Deterra is due in Q3 2026.OperationsAchieved Annual Guidance: For the full year, Avino produced 2,606,155 AgEq ounces in 2025, within the guidance range provided by the Company in early 2025 of 2.5 to 2.8 million AgEq ounces. In the fourth quarter, Avino produced 345,298 AgEq ounces representing a strong increase from Q4 of 2024. The increase was driven by development production from La Preciosa, which contributed 48,244 silver ounces, as well as 6% higher silver production from the Avino Mine.Return to Primary Silver Production & Revenues: 51% of the Company's Q4 2025 production came from silver processed from the production material from the Avino Mine and development material from La Preciosa. Further, 54% of the Company's Q4 2025 revenues were earned from sales of silver ounces.Continued Elevated Mill Throughput: In Q4 2025, Avino achieved 4% higher mill throughput versus Q4 2024, totalling 189,338 tonnes of material. These throughput levels have been consistent throughout 2025 and were a result of upgrades and automation enhancements made by our operations and maintenance teams, resulting in significant improvements in mill availability. In 2025, Avino achieved 14% higher mill throughput versus 2024, totalling 736,935 tonnes of material. These throughput levels built off last quarter's record and were a result of previous upgrades and automation enhancements made by our operations team, demonstrating significant improvements in mill availability.Health and Safety Performance Improvements: For 2025, the Company achieved a reduction in Lost Time Incident Frequency Rate ("LTIFR") of 27% to 3.55 per 1,000,000 hours worked compared to 2024. Total reportable lost time incident rate also decreased to 0.07, down over 30% from 2024.2025 Capital ExpendituresCapital expenditures in 2025 totaled $26.7 million, compared to $6.6 million in 2024, and exceeded the capital guidance outlined in the Avino 2025 Outlook press release. The increased amount reflects the strategic acquisition of the La Preciosa royalties totaling $13.25 million, and excluding this amount, the Company came in the range of its capital expenditures guidance of $13 - $18 million.The earnings should be read in conjunction with the Company's Financial Statements and Management's Discussion and Analysis ("MD&A") for the corresponding period, which can be viewed on the Company's website at www.avino.com, or on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.ESG InitiativesAvino follows the ESG Standards and the United Nations Sustainable Development goals. There are 17 Sustainable Development Goals ("SDGs"), which were developed as a call to action by all countries developed and developing in a global partnership.Alongside our operational and growth initiatives, we continue to advance our Corporate Social Responsibility ("CSR") programs across both the Avino Mine and La Preciosa, supporting local communities and contributing to long-term social and economic development in the region.Mexican nationals account for 100% of our mine work force. At the end of the year, we have over 500 direct jobs which includes the workers at the mine site and in our Durango offices. This translates to approximately 3 times the number of indirect jobs for services, consultants and suppliers in the surrounding communities and the Durango area.For the third consecutive year, Avino has received the Empresa Socialmente Responsible ("ESR") designation which reflects our economic, social and environmental commitment to making a positive impact for our local communities. The distinction is awarded annually by the Mexican Council for Philanthropy (Cemefi) and the Alliance for Corporate Social Responsibility for Mexico (AliaRSE).Avino is currently preparing the Company's second annual Sustainability Report, which will be published on our website upon completion. The report is intended to provide transparency on how responsible mining practices, strong governance, and community engagement support Avino's operational performance and long-term growth.Qualified PersonPeter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.Non-IFRS MeasuresThe financial results in this news release include references to non-IFRS Accounting Standards measures. These measures are used by the Company to manage and evaluate the operating performance of the Company's mining operations and are widely reported in the silver and gold mining industry as benchmarks for performance, but do not have standardized meanings prescribed by IFRS. For a reconciliation of non-GAAP and GAAP measures, please refer to the "Non-IFRS Accounting Standards Measures" section of the Company's MD&A dated March 10, 2026 for the year ended December 31, 2025, which is incorporated by reference within this news release and is available on SEDAR+ at www.sedarplus.ca.Earnings Call InformationA conference call to discuss the Company's Q4 and Year End 2025 operational and financial results will be held on Wednesday, March 11, 2026, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino's Q4 and Year End 2025 Financial Results or by dialing the following numbers five to ten minutes prior to the start time.Toll Free: 888-506-0062International: +1 973-528-0011Participant Access Code: 314809Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the Company name. Participants will have the opportunity to ask questions during the Q&A portion. The conference call and webcast will be recorded, and the replay will be available on the Company's website later that day.About AvinoAvino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.For Further Information, Please Contact:Investor Relations
Tel: 604-682-3701
Email: IR@avino.comThis news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company's Avino properties, including La Preciosa, located near Durango in west-central Mexico (the "Avino Property") with an effective date of October 16, 2023, and can be viewed within Avino's latest technical report dated February 5, 2024 for the Pre-feasibility Study and references to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral ResourcesAll reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards. The U.S. Securities and Exchange Commission ("SEC") now recognizes estimates of "measured mineral resources," "indicated mineral resources" and "inferred mineral resources" and uses new definitions of "proven mineral reserves" and "probable mineral reserves" that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any "measured mineral resources," "indicated mineral resources," "inferred mineral resources", "proven mineral reserves", or "probable mineral reserves" that the Issuer reports are or will be economically or legally mineable. Further, "inferred mineral resources" are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.Footnotes:In Q4 2025, AgEq was calculated using metal prices of $54.83 per oz Ag, $4,146 per oz Au and $5.04 per lb Cu. In Q4 2024, AgEq was calculated using metals prices of $31.34 oz Ag, $2,662 oz Au and $4.17 lb Cu. For YTD 2025, AgEq was calculated using metal prices of $39.94 per oz Ag, $3,436 per oz Au and $4.51 per lb Cu. For YTD 2024, AgEq was calculated using metal prices of $28.24 oz Ag, $2,387 oz Au and $4.15 lb Cu. Calculated figures may not add up due to rounding."Silver equivalent payable ounces sold" for the purposes of cash costs and all-in sustaining costs consists of the sum of payable silver ounces, gold ounces and copper tonnes sold, before penalties, treatment charges, and refining charges, multiplied by the ratio of the average spot gold and copper prices to the average spot silver price for the corresponding period.Non-IFRS Accounting Standard measure. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under IFRS and the calculation methods may differ from methods used by other companies with similar reported measures. See Non-IFRS Accounting Standards Measures section in the Company's most recent MD&A filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov for further information and detailed reconciliations.SOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Reports Exceptional 2025 Results and Advances Multi-Asset Growth Strategy; Significant Improvements Across Key Financial Metrics; Treasury Reaches Record Levels

S&P Dow Jones Indices annonce des modifications à l'indice composé S&P/TSXMarch 6, 2026 5:15 PM
PR Newswire (Canada)

TORONTO, le 6 mars 2026 /CNW/ - À la suite de l'analyse trimestrielle, S&P Dow Jones Indices apportera les modifications suivantes à l'indice composé S&P/TSX avant l'ouverture du marché, le lundi 23 mars 2026 :
INDICE COMPOSÉ S&P/TSX - 23 mars 2026
SOCIÉTÉSECTEUR GICSSOUS-SECTEUR GICSAJOUTÉEAbraSilver Resource Corp. (TSX : ABRA)MatériauxMétaux divers et minesAJOUTÉEAvino Silver & Gold Mines Ltd. (TSX : ASM)MatériauxMétaux et minerais précieuxAJOUTÉEi-80 Gold Corp. (TSX : IAU)MatériauxOrAJOUTÉEMontage Gold Corp. (TSX : MAU)MatériauxOrAJOUTÉEAmericas Gold and Silver Corporation (TSX : USA)MatériauxMétaux divers et minesPour obtenir de plus amples renseignements sur S&P Dow Jones Indices, veuillez visiter le site www.spdji.com.À PROPOS DE S&P DOW JONES INDICESS&P Dow Jones Indices est la plus importante ressource mondiale en ce qui touche les données, la recherche et les concepts essentiels fondés sur les indices. Elle regroupe des indicateurs financiers réputés tels que le S&P 500® et le Dow Jones Industrial Average®. Davantage d'actifs sont investis dans des produits fondés sur nos indices que sur ceux de tout autre fournisseur dans le monde. Depuis la création du premier indice par Charles Dow en 1884, S&P DJI est devenue le point d'attache de plus d'un million d'indices dans toute la gamme des catégories d'actifs qui ont aidé à définir la façon dont les investisseurs évaluent les marchés et y négocient.S&P Dow Jones Indices est une division de S&P Global (NYSE: SPGI), qui fournit des renseignements essentiels aux particuliers, aux entreprises et aux gouvernements pour leur permettre de prendre des décisions en toute confiance. Pour obtenir plus de renseignements, visitez le site www.spdji.com.SOURCE S&P Dow Jones Indices LLC.

Original: S&P Dow Jones Indices annonce des modifications à l'indice composé S&P/TSX

Video - CEO Clips: Avino Silver & Gold Mines Targets Growth to Three Producing AssetsFebruary 27, 2026 3:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) is advancing an organic growth strategy to expand from one producing asset to three, led by the higher-grade La Preciosa project. The company holds more than 300 million ounces of silver equivalent, maintains a decade-long offtake partnership with Samsung C&T, and operates with a strong cash position and no debt.Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM)
https://avino.com/About BTV - Business Television:For over 25 years, BTV has been a capital markets focused TV production and Digital Marketing Agency. BTV helps companies increase their brand awareness to a national retail and institutional investor audience, combining unique content creation and major distribution services on top tier networks including Bloomberg, CNBC, FOX Business News and financial sites. The BTV suite of strategic products include: BTV- Business Television Show, CEO Clips™, TV Branding Ads, Digital, Lead Gen, Social and Direct Email Marketing Campaigns that reach investors where they research and live on-air and online.Discover Investment Opportunities!www.b-tv.com/theagency About CEO Clips:
CEO Clips - are short company video profiles broadcast to a large audience of investors on TV and 15+ financial sites including Reuters, Yahoo!Finance, and Wall Street Journal.Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285583
Original: Video - CEO Clips: Avino Silver & Gold Mines Targets Growth to Three Producing Assets

Avino Provides 2026 Outlook and Highlights Key 2025 MilestonesFebruary 19, 2026 7:15 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 19, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, is pleased to share the outlook for 2026 alongside a summary of its key milestones achieved for 2025."Strong operating results at the Avino Mine, accelerated development at La Preciosa delivering additional tonnage in the fourth quarter of 2025, and strong financial performance positioned the Company for a highly successful 2026." stated David Wolfin, President and CEO. "In 2025, the Company achieved several key milestones, including fast-tracking La Preciosa following permit approval and securing 100% ownership through the acquisition of outstanding royalties and contingent payments, which further strengthened its cost profile. In addition, drill results reported in 2025 from La Preciosa exceeded expectations, with intercept grades significantly higher than those outlined in its current mineral resource. The Company's operational and financial performance was also reflected in the capital markets, with Avino ranking #5 in the TSX30 and being included in several ETFs, further expanding its investor visibility and market presence. As the Company enters 2026, it does so from a position of strength, supported by strong operational execution, improving cost structure, growing capital markets visibility, and a more favourable silver price environment compared to 2025."2026 OUTLOOKKey Operational and Strategic PrioritiesIncreased Development Rate at La Preciosa - Change in planned mining methodIncreased Production at La Preciosa -A goal of 500 tonnes per day forecasted for H2 2026Execute a 30,000-metre drilling program -15,000 metres at the Avino Mine and 15,000 metres at La PreciosaUpdate Mineral Resource Estimate including an inaugural Mineral Reserve Estimate -H1 2026Utilize AI (Artificial Intelligence) - For integration of all data for resource/reserve expansion and new exploration discoveriesInvesting in Mill Equipment Upgrades -Focused on improving recovery ratesLa Preciosa DevelopmentAs a result of identifying wider veins in the infill drilling campaign and development work completed in 2025, the Company has modified the planned mining method from shrinkage stoping, which is a narrow-vein style of mining, to wider-vein methods of longhole sub-level caving. This change in mining method will allow for higher mining rates at lower cost in the medium to long-term at La Preciosa, in anticipation of higher throughput. As a result, more development material will be processed through the Avino mill, followed by a transition from development mining to production mining later in 2026.Strong Balance SheetAvino has the strongest balance sheet in Company history and remains debt-free, excluding operating equipment leases, demonstrating our disciplined capital allocation approach throughout 2025. With a strong balance sheet and a robust working capital position, the Company is well positioned to support its transformational growth plan.Production & Cost GuidanceFor 2026, the Company plans to process between 725,000 to 750,000 tonnes of material through the mill, sourced from both the Avino Mine and La Preciosa. Development at La Preciosa, expanded underground access, and a planned transition in mining methodology will temporarily shift mill feed timing. In 2026, the Company will focus on development and optimization, aligning its processing circuits to support growth of La Preciosa.The Company anticipates producing between 1.0 to 1.2 million ounces ("oz") of silver, 5.0 to 7.0 thousand oz of gold and 6.0 to 7.5 million pounds ("lb") of copper as per the Company's 2026 budget, with production for all three metals being similar to 2025 actual production. Based on the Company's 2026 metal price assumptions and an increase in silver price in relation to gold and copper, silver equivalent production is expected to decrease as a result of the metals price ratios, and is forecasted to be in the range of 2.4 to 2.7 million silver equivalent oz ("AgEq"), even though production for silver and gold remains constant, and copper production is expected to increase. Our guidance for silver production has been reduced from our 5-year plan due to the planned additional development at La Preciosa, where the transition from development mining to production mining will commence later in 2026 than originally anticipated. This increased development is fully funded from the Company's current cash and is expected to provide growth in both silver production and silver equivalent production in 2027. The Company remains on track for the previously issued long-term growth plan.Operating Cost Budget: Avino MineLa Preciosa Development Material*ConsolidatedDirect operating costs per tonne$/t$55.00 - 65.00$105.00 - $120.00$65.00 - 75.00All-in sustaining costs ("AISC") per tonne2$/t$70.00 - 80.00$120.00 - $135.00$80.00 - 90.00Cash costs per payable AgEq oz2$/AgEq oz$18.00 - 20.00$24.00 - 28.00$19.00 - 21.00AISC per payable AgEq oz2$/AgEq oz$24.00 - 26.00$30.00 - 34.00$25.00 - 27.00*Guidance for La Preciosa is reflective of the Company's processing of development ore at the Avino processing facility. La Preciosa has not entered into commercial production and these estimates are not reflective of the long-term outlook for La Preciosa. The Company expects to provide revised guidance once production mining has commenced.Impact on Silver Price to GuidanceFor 2026, the Company will provide cost guidance using a gold-to-silver ratio of 80:1 and a copper-to-silver ratio of 1:232, as well as a foreign currency assumption for MXN:USD of 18.75:1.The Company is projecting its 2026 consolidated AISC 2 to be between $25.00 and $27.00 per payable AgEq oz. Although higher silver prices improve overall economics of the operations, the lower equivalent ratios for all three metals used in reporting has reduced the number of silver equivalent ounces over which costs are allocated. As a result, our cash costs and AISC per AgEq oz appear higher than recent years results. These higher costs are more than offset by significantly increased expected revenues for silver ounce sales.Applying the Company's 2025 AgEq ratios to 2026 projected costs per AgEq would guide for cash costs and AISC of approximately $16.00 to $18.00 and $22.00 to $24.00, respectively.Capital Budget: Sustaining($M)Growth($M)Consolidated($M)Capital Equipment6 - 83 - 49 - 12Underground Mine Development1 - 25 - 66 - 8Exploration-5 - 65 - 6Total Capital Budget$7 - $10$13 - $16$20 - $26Growth CapitalThe Company's budgeted growth capital for 2026 includes expenditures at the Avino Mine and La Preciosa. Growth capital includes underground mining equipment, mine development and surface works, as well as deeper mine development below the bottom of the current mining operation at Avino, along with mill and processing upgrades.ExplorationAvino MineAt the Avino Mine, the exploration budget will include 15,000 metres of drilling and will be focused on under explored veins on the property. Additional regional exploration has been budgeted for several targets. Total exploration expenditures at Avino are budgeted between $2 million and $3 million for 2026.La PreciosaAt La Preciosa, 15,000 metres of drilling has been budgeted on the property. The focus will be on under explored areas including infill and extension drilling between La Gloria and Abundancia. Total exploration expenditures for La Preciosa are budgeted between $2 million and $3 million for 2026.Sustaining Capital & Mine DevelopmentAt the Avino Mine, budgeted sustaining capital includes maintenance and replacement of existing underground mining equipment. Mine development includes a combination of ramp development below the current deepest underground level (Level 17), as well as further development within the current underground mining operations.2025 - MILESTONES & ACHIEVEMENTSRECORD FINANCIAL PERMFORMANCEThe Company achieved record financial results for 2025, with strong performance across all quarters, demonstrating the strength and consistency of its operations.AVINO MINEAchieved Production Estimates : Guidance Delivered : The full year 2025 production results were 1,157,828 silver oz, 7,621 gold oz and 5,667,996 copper lbs for a total of 2.6 million AgEq 1 oz. Full year production results were within our production estimated guidance of 2.5 to 2.8 million silver equivalent ounces. The full Q4 and Full Year Production results were released on January 22, 2026 and can be viewed here.Silver Production Increased 22%: In Q4 2025 the total silver production increased 22% over Q4 2024 due. The increase was driven by development production from La Preciosa, which contributed 48,244 silver oz, as well as 6% higher silver production from the Avino Mine.Elevated Mill Throughput : In Q4 2025, the Avino mill achieved 4% higher mill throughput versus Q4 2024, totalling 189,338 tonnes of material. These throughput levels have been consistent throughout 2025 and were a result of upgrades and automation enhancements made by our operations and maintenance teams, resulting in significant improvements in mill availability. The Company processed 736,935 tonnes in 2025, a 14% increase compared to 2024.Health and Safety Performance Improvements: For 2025, the Company achieved a reduction in Lost Time Incident Frequency Rate ("LTIFR") of 27% to 3.55 per 1,000,000 hours worked compared to 2024. Total reportable lost time incident rate also decreased to 0.07, down over 30% from 2024.LA PRECIOSAFollowing the receipt of all required mining permits in early January 2025, development at La Preciosa advanced rapidly, with the first blast completed in April 2025. A drill program targeting the La Gloria and Abundancia veins was initiated to further refine the geological understanding of the deposit, and results to date have returned excellent grades, significantly exceeding the average grades outlined in the current mineral resource. Both the Gloria and Abundancia veins have been intersected from the San Fernando ramp, which continues to advance on 4 faces, while ramping down to the next level. In the fourth quarter, La Preciosa contributed nearly 12,000 tonnes of mill feed.Qualified Person(s)Peter Latta, P. Eng, MBA, Avino's VP Technical Services, is a qualified person within the context of National Instrument 43-101 who has reviewed and approved the technical data in this news release.Earnings Announcement DateThe Company's FY2025 financial statements and results are scheduled to be released after the market closes on March 10, 2026.A conference call to discuss the Company's Q4 and Year End 2025 operational and financial results will be held on Wednesday, March 11, 2026, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino's Q4 and Year End 2025 Financial Results or by dialing the following numbers five to ten minutes prior to the start time.Toll Free: 888-506-0062International: +1 973-528-0011Participant Access Code: 314809Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the Company name. Participants will have the opportunity to ask questions during the Q&A portion.The conference call and webcast will be recorded, and the replay will be available on the Company's website later that day.About AvinoAvino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.For Further Information, Please Contact:Investor Relations
Tel: 604-682-3701
Email: IR@avino.comThis news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company's Avino properties, including La Preciosa, located near Durango in west-central Mexico (the "Avino Property") with an effective date of October 16, 2023, and can be viewed within Avino's latest technical report dated February 5, 2024 for the Pre-feasibility Study and references to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral ResourcesAll reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards. The U.S. Securities and Exchange Commission ("SEC") now recognizes estimates of "measured mineral resources," "indicated mineral resources" and "inferred mineral resources" and uses new definitions of "proven mineral reserves" and "probable mineral reserves" that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any "measured mineral resources," "indicated mineral resources," "inferred mineral resources", "proven mineral reserves", or "probable mineral reserves" that the Issuer reports are or will be economically or legally mineable. Further, "inferred mineral resources" are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.Footnotes:In Q4 2025 and FY 2025, silver equivalent or "AgEq" was calculated using metal prices of $30.00 per oz Ag, $2,600 per oz Au and $4.17 per lb Cu. In Q4 2024, AgEq was calculated using $31.34 per oz Ag, $2,662 per oz Au and $4.17 per lb Cu. For FY 2024, AgEq was calculated using metal prices of $28.24 per oz Ag, $2,387 per oz Au and $4.15 per lb Cu. Calculated figures may not add up due to rounding.Non-GAAP Financial Measures: This news release includes reference to certain financial measures which are not standardized measures under the Company's financial reporting framework. These measures include cash costs per silver equivalent ounce and all-in sustaining cost (or "AISC") per silver equivalent ounce. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. These measures are widely used in the mining industry as a benchmark for performance but do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures disclosed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For a complete description of how the Company calculates such measures and a reconciliation of certain measures to GAAP terms please see "Non-GAAP Measures" in the Company's most recent management discussion and analysis filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov and which is incorporated by reference herein.SOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Provides 2026 Outlook and Highlights Key 2025 Milestones

I think company is getting ready to issue shares to fund a major expansion of the mill. Yes, they could go slow and self fund a slow expansion but with huge reserves at La Preciosa, I think they will decide to build more mill capacity instead of the tailing project. Maybe they will do both but I am hoping for mill expansion first.

Avino Announces Filing of Final Base Shelf ProspectusFebruary 13, 2026 7:15 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 13, 2026 / Avino Silver & Gold Mines Ltd. (ASM:TSX/NYSE American, GV6:FSE; "Avino" or the "Company") announces that it has filed a final short form base shelf prospectus dated February 12, 2026 (the "Shelf Prospectus") with the securities commissions in each of the provinces and territories of Canada, with the exception of Québec, pursuant to Part 9B of National Instrument 44-102 Shelf Distributions ("NI 44-102"), which establishes an expedited shelf prospectus regime for "well-known seasoned issuers" (as such term is defined in NI 44-102) (the "WKSI Regime"). A corresponding registration statement on Form F-10 has been filed with the United States Securities and Exchange Commission under the United States Securities Act of 1933, as amended, and the U.S./Canada Multijurisdictional Disclosure System (the "Registration Statement") and is expected to become effective on or about February 19, 2026 under the U.S./Canada Multijurisdictional Disclosure System. In accordance with the Companion Policy to NI 44-102, the Company is withdrawing its previously filed short form base shelf prospectus dated May 26, 2025 and will not distribute further securities pursuant the prospectus supplement dated November 25, 2025.The Shelf Prospectus and Registration Statement will allow the Company to offer and issue common shares, warrants, subscription receipts, units, debt securities, or any combination of such securities (collectively, the "Securities") during the 37-month period that the Shelf Prospectus remains effective under the WKSI Regime (subject to compliance with certain requirements).Securities may be offered under the Shelf Prospectus (and corresponding Registration Statement) separately or together, offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and, subject to applicable regulations, may include public offerings, strategic investments or "at-the-market distributions" (as defined in NI 44-102 and Rule 415 of the United States Securities Act of 1933, as amended). The specific terms of any offering of Securities, if any, including the use of proceeds from such offering, will be set forth in a prospectus supplement to the Shelf Prospectus pertaining to such offering to be filed with applicable securities regulatory authorities.Copies of the Shelf Prospectus and Registration Statement may be obtained on request without charge from the Company at Suite 900-570 Granville St., Vancouver, British Columbia, V6C 3P1, Canada, telephone (604) 682-3701 and can be found under the Company's SEDAR+ profile at www.sedarplus.ca and on EDGAR at www.sec.gov, respectively.This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.About Avino:Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward- looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the distribution of Securities, if any, under a prospectus supplement to the Shelf Prospectus, and any anticipated benefits associated therewith, and the effective date of the Registration Statement. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.For Further Information, Please Contact:Investor Relations Tel: 604-682-3701
Email: IR@avino.comSOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Announces Filing of Final Base Shelf Prospectus

Avino Appoints Linda Broughton to The Board of DirectorsFebruary 5, 2026 7:15 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 5, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) ("Avino" or the "Company") is pleased to announce the appointment of Ms. Linda Broughton as a non-executive director on its board of directors effective February 4, 2026.David Wolfin, Director, President & CEO of the Company, stated "On behalf of the Board, I am delighted to welcome Ms. Broughton to Avino. Linda is an accomplished mining executive with a track-record in operations, sustainability and the environment. She offers a unique blend of skills and brings tremendous value to our Board and to our shareholders."Ms. Broughton is an experienced mining executive with over 35 years of experience in corporate and operations roles in North and South America. She has specialized in environmental geochemistry, water management, risk, and mine reclamation. Ms. Broughton is currently a non-executive director of OceanaGold Corporation (TSX:OGC) and serves on industry review boards. Ms. Broughton was Vice President Technical Services for Alexco Resource Corp. from 2014 to 2023, where she was responsible for the reclamation of an historical mining district in northern Canada. Prior to that, she held various senior environmental and engineering roles with BHP, Compañia Mineral Antamina in Peru, and SRK Consulting in Canada and the UK.Ms. Broughton holds a Bachelor of Science (Mining Engineering) from Queen's University and a Master of Applied Science from the University of British Columbia. She is also a graduate of the ICD-Rotman Directors Education Program in Canada.About Avino:Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange's 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino's commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.For Further Information, Please Contact:Investor Relations
Tel: 604-682-3701
Email: IR@avino.comNeither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Avino Silver & Gold Mines Ltd.View the original press release on ACCESS NewswireOriginal: Avino Appoints Linda Broughton to The Board of Directors

Recent interview of CEO on YouTube. In the interview, he revealed that engineers are onsite at Avino exploring the possibility of expanding the Avino mill vs the tailings project. Said tailings project would require a separate permit while expanding mill would not. I am in favor of expanding the mill. It's 2500tpd now and they plan to allocate 500tpd to LaPreciosa ore. La Preciosa is higher grade and only gold/silver, no base metals. There are over 300 million ozs of silver at LaPreciosa. At 500tpd, it will take many decades to exhaust the ore. I hope they expand the mill!  Also Coeur originally planned an open pit mine at LaPreciosa, producing 12-14 million oz/yr!!!! I doubt Avino would go that route because the strip ratio was very high at 20:1.
Still looking forward to first production from LaPreciosa this qtr.
Avino has been a winner for me but still has big upside!

ASM could be a $20 stock in a year

ASM Chart

Avino Acquires Outstanding Royalties and Contingent Payments on La Preciosa, Achieving 100% Ownership and Lowering Operating Cost Profile
August 25, 2025

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, “Avino” or the “Company”), a long-standing silver producer in Mexico, is pleased to announce that the Company has acquired 100% ownership of its La Preciosa project (“La Preciosa”) by purchasing and extinguishing all of the outstanding royalties and contingent payment obligations (the “La Preciosa Obligations”), currently held by Deterra Royalties Limited (ASX: DRR) (“Deterra”) (collectively, the “Transaction”). The consideration for this royalty purchase is a $13.25 million upfront payment followed by an $8.75 million payment deferred for one year. This second payment was already accounted for in the existing royalty agreement with Deterra.

Highlights of this transaction:

Restores full value and control of La Preciosa
Optimizes financial structure
Enhances project economics
Reduces administrative burdens
Manageable impact on financial liquidity

“Avino has seized upon a unique opportunity to buy back all the royalties on La Preciosa” said David Wolfin, President and CEO. “This cornerstone asset is now materially unencumbered, and this transaction represents a unique investment opportunity for Avino, as operators rarely get the chance to increase project value through the purchase of previously-granted royalties. By eliminating the royalty burden immediately prior to commencing production, we believe we will generate meaningful returns on our investment by lowering La Preciosa’s operating cost profile, and ensuring that as much of La Preciosa’s value remains with the operator and its stakeholders. The incremental cash outlay of only US$13.25 million represents an acquisition that is accretive to Avino shareholders on a net asset value (NAV) per share basis. The current metal price environment has enabled Avino to generate significant profits and cash flows from its current Avino mine operations, leading to the strongest balance sheet in the Company’s history and granting the ability to pursue investment opportunities that enhance shareholder value such as this. I would like to thank Deterra for being great partners as our team continued to advance La Preciosa on its way to production and I am thrilled to have reached an agreement where it was a win for both parties.”

The La Preciosa Obligations are comprised of:

a cash payment of US$8.75 million, to be paid no later than 12 months after initial production at La Preciosa (the “Contingent Production Payment”);
a 1.25% net smelter returns royalty on the Gloria and Abundancia areas of La Preciosa, and a 2.00% gross value returns royalty on all other areas of La Preciosa; and
a payment of US$0.25 per silver equivalent ounce (subject to inflationary adjustment) of new mineral reserves (as defined by NI 43-101) discovered and declared outside of the current mineral resource area at La Preciosa, subject to a cap of US$50 million, with any such payments to be credited against any existing or future payments owing on the gross value returns royalty.

Background to the Transaction

The La Preciosa Obligations were initially issued to Coeur Mining, Inc. (“Coeur”) in connection with the acquisition of La Preciosa by Avino in March 2022. Details of the Company’s acquisition of La Preciosa are available on the Company’s website here. Following the acquisition, Coeur sold the La Preciosa Obligations to Trident Royalties Plc (“Trident”) in May 2023, with Deterra subsequently acquiring the La Preciosa Obligations by way of its acquisition of Trident in September 2024.

Transaction Consideration

Avino acquired the La Preciosa Obligations from Deterra for immediate cash consideration of US$13.25 million (the “Upfront Payment”), plus an additional US$8.75 million in cash payable on the one-year anniversary of the closing of the Transaction (the “Deferred Payment”). The Upfront Payment was funded with Avino’s existing cash on hand, which was approximately US$48 million, immediately prior to this acquisition. The Deferred Payment was structured to substantially mirror the pre-existing Contingent Production Payment which Avino expects to pay by the end of 2026, given that initial production at La Preciosa is targeted in late 2025. As such, Avino believes the net cash investment for the purchase and extinguishment of the La Preciosa Obligations to be the Upfront Payment, with the Contingent Production Payment already considered in the Company’s capital allocation for the coming years. The Deferred Payment is expected to be funded with cash on hand.

Transaction Rationale

Avino has made excellent progress advancing La Preciosa with first production expected by the end of 2025 and significant production growth expected in the years thereafter which will see La Preciosa become a cornerstone asset for the Company. La Preciosa is one of the largest undeveloped silver resources in Mexico (see current NI 43-101 Resource Estimate below) located adjacent to Avino’s existing mine and infrastructure. Eliminating the 1.25% net smelter returns royalty on the Gloria and Abunduncia veins and the 2.00% gross value returns royalty on the remainder of the La Preciosa resource will meaningfully lower La Preciosa’s cash production costs, as well as remove any future potential obligations if new reserves are discovered outside of the current resource area.

Notes:
The stated mineral resources are classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards – For Mineral Resources and Mineral Reserves” and are more particularly described in the Company’s February 5, 2024 Prefeasiblity Study, available under the Company’s profile at www.sedarplus.ca.
Mineral resources for La Preciosa are estimated at a cut-off grade of 120 g/t AgEq.
Mineral resources for La Preciosa are estimated using a long-term silver price of US$19.00/oz and a long-term gold price of US$1,750/oz.
Mineral resources are not mineral reserves and do not have demonstrated economic viability.
Tonnage and metal content figures are expressed in thousands and may not add up due to rounding.

La Preciosa Development Update

As seen in our latest press release dated July 22, 2025, blasting and construction of the relatively short 360 meter San Fernando main access decline is underway, and equipment mobilization has been swift, allowing development to advance on plan. The new jumbo drill is working on this ramp as it progresses toward intercepting the Gloria and Abundancia veins. Recent photos showcasing the work at La Preciosa are available on the Avino website — click here to view them.

A surface drill has been deployed to La Preciosa and drilling is expected to continue until the end of October. The drilling information will be utilized in underground mine planning and 3D modelling. The Company is also planning to update the current mineral resource estimate for Avino and La Preciosa was well as releasing its first mineral reserve estimate at the same time as the Company has now met the requirements for a Producing Issuer under the NI 43-101 standards of disclosure for mineral projects.

A more comprehensive drilling update will be released in the coming weeks.

Qualified Person(s)

Peter Latta, P.Eng., MBA, Avino’s VP Technical Services, is a qualified person within the context of National Instrument 43-101, has reviewed and approved the technical data in this news release.

About Avino

Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Avino has a large silver equivalent resource base with consolidated mineral resources of 277 million AgEq ounces in the measured and indicated mineral resource category and 94 million AgEq ounces in the inferred mineral resource category. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study represents a key milestone in our growth trajectory. As part of Avino’s commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.

For Further Information, Please Contact:

Investor Relations
Tel: 604-682-3701
Email: IR@avino.com

https://avino.com/news/2025/avino-acquires-outstanding-royalties-and-contingent-payments-on-la-preciosa-achieving-100-ownership-and-lowering-operating-cost/

Good drill results from Avino. The more they know about the composition of the vein systems the better. In the future there will likely be some variability in quarterly results due to the pinching and swelling of the veins that they noted. Can't wait for La Preciosa ore to start rumbling thru the Avino plant! Q4 is coming up fast!

August 18, 2025

AVINO DRILLS 1,638 G/T SILVER OVER 7.90 METRES INCLUDING 15,352 G/T SILVER
OVER 0.37 METRES AT LA PRECIOSA

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, "Avino" or "the Company") reports results of four drill holes from La Preciosa which were drilled to twin previous drilling. Assay results for the intercepts of the La Gloria and Abundancia veins were very positive and are shown in Table 1.

Selected Intercept Highlights:

Hole PMLP 25-03: 1,638 g/t Ag and 1.92 g/t Au over 7.90 metres true width
including 15,352 g/t Ag and 1.55 g/t Au over 0.37 metres true width

Hole PMLP 25-04: 544 g/t Ag and 0.46 g/t Au over 6.42 metres true width
including 1,739 g/t Ag and 0.74 g/t Au over 0.66 metres true width

The variation of grades and thicknesses within relatively short distances (under 10 metres) compared with previously drilled intercepts were expected due to the “pinch and swell” geometry of the La Preciosa veins and the high nugget effects. The drill results exceeded grade expectations and verified the geometry of the current vein-based resource model. Higher grades intersected in the northern portion of the La Gloria Vein (in hole PMLP-25-02) are expected to continue further to the North and warrant additional step-out drilling to potentially expand the mineral resource defined on the shallow La Gloria Vein.

"We are delighted to report excellent grades on all four holes at La Preciosa. The intercept grades are significantly higher than the average grades outlined in our current resource, highlighting the potential we aim to capture by using underground mining methods. In addition, the larger widths encountered at both La Gloria and Abundancia were a welcome surprise underscoring that there is still much to learn about this deposit despite the 1,500 drill holes and substantial exploration investment performed by previous operators,” said David Wolfin, President and CEO. “We will integrate these results into our ongoing geological model and continue drilling some of the underexplored areas of the named and unnamed veins. We will also combine this information with the data from channel sampling already underway as our mine development plan has us intersecting both veins during the current ramp advancement”.

Drilling Results

Assays have been received on four holes totalling 1,100 metres drilled at La Preciosa, intersecting the La Gloria vein in all four holes, the Abundancia vein in three holes, and additional unnamed veins in three of the holes. Assays were processed under Avino’s standard QA/QC program, with no indications of bias or contamination detected. Unlike the Avino Mine, the La Preciosa deposit contains no notable copper mineralization, so no copper values are reported.

https://avino.com/news/2025/avino-drills-1-638-g-t-silver-over-7.90-metres-including-15-352-g-t-silver-over-0.37-metres-at-la-preciosa/

Weekly Chart

Avino Announces Q2 2025 Financial Results; Achieves Strong Financial Performance; Continuing to Deliver Shareholder Value
August 13, 2025

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American; FSE: GV6) a long-standing silver producer in Mexico, announces its unaudited consolidated interim financial results for the second quarter of 2025. All amounts are in U.S. dollars unless stated otherwise.

“We are very pleased to report another quarter of strong financial performance for Avino,” said David Wolfin, President and CEO. “The second quarter of 2025 reflects the positive impact of improved mill availability and the operational discipline demonstrated by our team. Revenue and profitability were supported by higher-than-forecasted tonnes milled and continued improvements in plant efficiency. With two strong quarters behind us, we are firmly on track to meet our 2025 financial and operational targets. At La Preciosa, development and blasting activities continue to advance toward the Abundancia vein structure and we are progressing towards the milestone of bringing La Preciosa material into production. With solid financial results from the Avino Mine and continued progress at La Preciosa, we remain on track with our transformational growth strategy.”

Second Quarter 2025 Financial Highlights (compared to Q2 2024)

Robust Revenues: Avino realized revenues of $21.8 million, representing a 47% increase from $14.8 million, primarily as a result of increased metal prices and consistent production. At the end of the quarter, there was $5.2 million in concentrate sales receivable converted to cash subsequent to quarter end.
Quarterly Profits: Net income after taxes was $2.9 million, or $0.02 per share, an increase from $1.2 million, or $0.01 per share.
Operating Margins Remain Elevated: Gross profit, or mine operating income, was $10.2 million and represented an increase of 118% from $4.8 million. The significant improvement was a result of meaningful unit cost reductions from economies of scale, with 36% higher tonnes milled. This is the third consecutive quarter of over $10 million in mine operating income reported.

Strong EBITDA and Adjusted Earnings: The Company realized earnings before interest, taxes, depreciation and amortization, or EBITDA, of $7.4 million, up 118% from $3.4 million. Adjusted earnings3 was $8.8 million, or $0.06 per share, an increase of 103% from $4.3 million and $0.03 per share.

Improved Costs per Ounce Metrics: Cash costs per silver equivalent payable ounce sold1,2,3 was $15.11, and all-in sustaining cash costs per silver equivalent payable ounce sold1,2,3 was $20.93, a reduction of 7% and 8%, respectively.

Increased Working Capital from Cash Flow: The Company’s balance sheet continued to strengthen with working capital1 increasing to $40.6 million, up $9.2 million, or 30% from $31.3 million at the end of Q1 2025, as a result of another quarter of cash generation. Cash provided by operating activities of $8.3 million or $0.06 per share. Prior to working capital movements, cash generated from operating activities was $6.3 million, or $0.04 per share

Index Inclusion in Q2 2025: Early July, Avino was included in the S&P/TSX Global Mining Index having been officially recognized as part of a global benchmark for the mining sector. In addition, as announced on May 1, 2025, Avino received inclusion into the Solactive Global Silver Miners Index, further solidifying Avino as an established silver producer with a growing production profile. Avino expects further index inclusion in the coming months which should provide additional liquidity and opportunities for increasing institutional ownership.

Operational and Financial Highlights

2nd Quarter Operating Highlights (Compared to Q2 2024)

Silver Equivalent Production Increased 5%: Avino produced 645,602 silver equivalent ounces in Q2 2025, representing a 5% increase from Q2 of 2024. This increase was driven by significantly improved mill availability, with our highest quarterly mill throughput in history. This record throughput was partially offset by lower feed grades in all three metals (silver, gold and copper), as we moved through a lower grade section of the mine plan.

Record Mill Throughput: In Q2 2025, Avino achieved 36% higher mill throughput versus Q2 2024, totalling a quarterly record of 190,987 tonnes of material. These throughput levels were a result of previous upgrades and automation enhancements made by our operations team, demonstrating significant improvements in mill availability.

Gold Production Increased 17%: Q2 2025 production of 1,774 gold ounces represented a 17% increase compared to Q2 2024. This improved production resulted from the increased tonnes processed, alongside significant improvements in gold recoveries to 74% from 70% in Q2 of 2024.

Copper Production Increased 12%: Avino produced 1.5 million pounds of copper in Q2 2025, a 12% increase compared to Q2 2024.
Silver Production decreased 3%: Silver production for Q2 2025 was 283,619 ounces, representing a 3% decrease compared to Q2 2024.

La Preciosa Update

Blasting and construction of the relatively short 360 meter San Fernando main access decline is underway, and equipment mobilization has been swift, allowing development to advance on plan. The new jumbo drill is working on this ramp as it progresses toward intercepting the Gloria and Abundancia veins. Site services have been installed and an existing building has been renovated for site personnel. Recent photos showcasing the work at La Preciosa are available on the Avino website — click here to view them.

2025 Capital Expenditures

Capital expenditures for the first half of 2025, including lease and loan payments on equipment, were $6.9 million, compared to $4.4 million for the same period in 2024, on track for our capital expenditure guidance previously disclosed in our 2025 outlook news release.

ESG Initiatives

Avino follows the ESG Standards and the United Nations Sustainable Development goals. There are 17 Sustainable Development Goals (SDGs), which were developed as a call to action by all countries developed and developing in a global partnership.

Avino has published it’s Inaugural Sustainability Report on the website, click here to view. This marks a major milestone in our journey toward greater accountability and responsible growth and it reflects our commitment to transparency, continuous improvement, and long-term value creation for all stakeholders.

Strategic projects in the communities that commenced during the second quarter include: Delivery of low cost water tanks and cisterns, a trench was formed to channel rainwater from the mine, a 5 hectare community reforestation has been approved, a total of 67 families in the communities received solar boilers at reduced cost, made possible through company-led facilitation of a subsidy program, and a donation was made to the Mining and History Museum in the City of Durango.

Mexican nationals account for 100% of our mine work force. Currently, we have approximately 483 direct jobs which includes the workers at the mine site and in our Durango offices.

The earnings should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the corresponding period, which can be viewed on the Company’s website at www.avino.com, or on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.

Qualified Person

Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101, has reviewed and approved the technical data in this news release.

Non-IFRS Accounting Standards Measures

The financial results in this news release include references to non-IFRS Accounting Standards measures. These measures are used by the Company to manage and evaluate the operating performance of the Company’s mining operations and are widely reported in the silver and gold mining industry as benchmarks for performance, but do not have standardized meanings prescribed by IFRS. For a reconciliation of non-GAAP and GAAP measures, please refer to the “Non-IFRS Accounting Standards Measures” section of the Company’s MD&A dated August 13, 2025 for the six months ended June 30, 2025, which is incorporated by reference within this news release and available on SEDAR+ at www.sedarplus.ca.

Conference Call and Webcast

The Company’s unaudited condensed consolidated interim financial statements for the Second Quarter 2025, will be released after the market closes on Wednesday, August 13, 2025.

A conference call to discuss the Company’s Q2 2025 operational and financial results will be held on Thursday, August 14, 2025, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.

Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino’s Q2 2025 Financial Resultsor by dialing the following numbers five to ten minutes prior to the start time.

Toll Free: 888-506-0062

International: +1 973-528-0011

Participant Access Code: 992730

Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the company name. Participants will have the opportunity to ask questions during the Q&A portion.

The conference call and webcast will be recorded, and the replay will be available on the Company’s website later that day.

About Avino

Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino’s commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.

For Further Information, Please Contact:

Investor Relations
Tel: 604-682-3701
Email: IR@avino.com

This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company’s Avino Property, including La Preciosa, located near Durango in west-central Mexico (the “Avino Property”) with an effective date of October 16, 2023 and can be viewed within Avino’s latest technical report dated February 5, 2024 for the Pre-feasibility Study and references to to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements, referred to herein as “forward-looking statements” are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.

Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral Resources

All reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards. The U.S. Securities and Exchange Commission (“SEC”) now recognizes estimates of “measured mineral resources,” “indicated mineral resources” and “inferred mineral resources” and uses new definitions of “proven mineral reserves” and “probable mineral reserves” that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any “measured mineral resources,” “indicated mineral resources,” or “inferred mineral resources” that the Issuer reports are or will be economically or legally mineable. Further, “inferred mineral resources” are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Footnotes:

In Q2 2025, AgEq was calculated using metal prices of $33.64 per oz Ag, $3,280 per oz Au and $4.32 per lb Cu. In Q2 2024, AgEq was calculated using metals prices of $28.86 oz Ag, $2,331 oz Au and $4.43 lb Cu. For YTD 2025, AgEq was calculated using metal prices of $32.77 per oz Ag, $3,071 per oz Au and $4.28 per lb Cu. For YTD 2024, AgEq was calculated using metal prices of $26.11 oz Ag, $2,205 oz Au and $4.13 lb Cu. Calculated figures may not add up due to rounding.
“Silver equivalent payable ounces sold” for the purposes of cash costs and all-in sustaining costs consists of the sum of payable silver ounces, gold ounces and copper tonnes sold, before penalties, treatment charges, and refining charges, multiplied by the ratio of the average spot gold and copper prices to the average spot silver price for the corresponding period.
Non-IFRS Accounting Standard measure. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under IFRS Accounting Standards and the calculation methods may differ from methods used by other companies with similar reported measures. See Non-IFRS Accounting Standards Measures section for further information and detailed reconciliations.

Daily Chart

https://avino.com/news/2025/avino-announces-q2-2025-financial-results/

AVINO RENEWS ATM EQUITY PROGRAM

June 13, 2025

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE; “Avino” or the “Company”) announces that it has filed a prospectus supplement dated June 13, 2025 (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated May 26, 2025 (the “Shelf Prospectus”) with the securities commissions in each of the provinces and territories of Canada, with the exception of Québec, pursuant to which the Company may, at its discretion and from time to time, distribute common shares (the “Offered Shares”) pursuant to a sales agreement dated June 13, 2023 (the “Sales Agreement”) with Cantor Fitzgerald & Co. (the “Designated Agent”), H.C. Wainwright & Co. LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners (collectively, with the Designated Agent, the “Agents”), as agents or as principals, for the distribution of the Offered Shares in the United States (the “ATM Offering”) up to the aggregate sales amount of US$40 million (the “Maximum Amount”). A corresponding prospectus supplement has been filed with the United States Securities and Exchange Commission (the “SEC”).

“We have re-established the ATM Offering after the previous offering expired in May 2025, and it will be used strategically as an additional source of financial flexibility if required, subject to regulatory requirements,” said David Wolfin, Avino’s President and CEO.

The ATM Offering is being made in the United States under the terms of a registration statement on Form F-10, as amended and filed with, and declared effective on May 28, 2025, by the SEC in the United States, and the Shelf Prospectus and Prospectus Supplement filed in each province and territory of Canada, except Quebec; the Registration Statement, Shelf Prospectus and Prospectus Supplement being collectively, the “Prospectus”). Prospective investors should read the Prospectus (including the documents incorporated by reference therein) for more complete information about the Company and the ATM Offering, including the risks associated with investing in the Company and disclosure with respect to the proposed use of proceeds of the ATM Offering.

The sales of the Offered Shares, if any, will be made directly on the NYSE American, or any other trading market for the Offered Shares in the United States or outside of Canada as otherwise agreed between the Agents and the Company, and will be deemed sales of Offered Shares under the Prospectus in transactions that are deemed to be “at-the-market distributions” as defined in National Instrument 44-102 - Shelf Distributions and Rule 415 of the Securities Act of 1933, as amended. The Offered Shares, if any, will be distributed at the market prices prevailing at the time of sale. As a result, prices may vary between purchasers and during the period of distribution. The ATM Offering will be effective until the earlier of (i) the date that the aggregate gross sales proceeds of the Offered Shares sold under the ATM Offering reaches the Maximum Amount, (ii) the receipt for the Shelf Prospectus ceasing to be effective in accordance with applicable securities laws, and (iii) the termination of the Sales Agreement in accordance with its terms. The Company has agreed to pay the Agents a cash commission up to 3.0% of the gross proceeds of the Offering. The Company is not obligated to make any sales of Offered Shares under the Distribution Agreement. There is no certainty that any Offered Shares will be offered or sold under the ATM Offering.

Copies of the Shelf Prospectus, Prospectus Supplement and Registration Statement may be obtained on request without charge from: (i) the Company at Suite 900-570 Granville St., Vancouver, British Columbia, V6C 3P1, Canada, telephone (604) 682-3701; or (ii) Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street,

6th floor, New York, New York 10022, by email at prospectus@cantor.com. You may also obtain these documents free of charge under the Company’s SEDAR+ profile at www.sedarplus.ca and on EDGAR at www.sec.gov.

The Toronto Stock Exchange has conditionally approved the listing of the Offered Shares that may be sold under the ATM Offering. The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in respect of the ATM Offering as an “Eligible Interlisted Issuer” (as such term is defined in the TSX Company Manual).

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Avino:

Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino’s commitment to adopting sustainable practices, we have been operating a dry stack tailings facility for more than one year now with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.



This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as “forward-looking statements” are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the distribution of Offered Shares, if any, under the ATM Offering and the benefits associated therewith and the use of net proceeds, if any, of the ATM Offering. expected operations at the Company’s mineral properties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

For Further Information, Please Contact:

Investor Relations
Tel: 604-682-3701
Email: IR@avino.com

Avino hit new 52wkhi today. Currently 2.635 +15.57% today! They had Q1 earnings call today so investors must have liked what they heard. Avino is still working on La Preciosa mine. Mgmt says they don't expect positive earnings from La Preciosa till near year end. Guidance for 2025 is pretty flat with 2024 but they expect 2026 to be a record year.

ASM 2.17 Avino has been a great mining stock for me. Bought starting at .65 and my average is around .75. Management made promises and they have kept them. This is a small producer that is profitable and moving towards significant production. Last year they produced around 3 million ounces of silver at a profit. They bought the La Preciosa mine that has 350 million ounces of silver and are bringing it into production in 2025. The mine was built but shut down soon after construction. La Preciosa is only about 30 miles from the main Avino mine where they have been mining for 50+ years. They plan to finish a short decline and begin sending ore to the Avino mill in Q3. Production will be similar at 3 million ounces of silver equivalent in 2025 but steadily rise towards 8 million ounces over the next several years.

There is no financing needed. Avino has 27 million in cash and estimates it will take about $6 million in 2025 capex to get La Preciosa into production. After La Preciosa, Avino plans to make a decision on reprocessing the tailings at Avino that will enable them to reach the 8-10 million oz range. Again, this project will likely be internally financed.

Avino should be a good buy and hold for the next several years. Can't say that about many miners.

ASM on msn.com----https://www.msn.com/en-us/money/markets/2-strong-buy-silver-miners-for-penny-stock-speculators/ar-AA1t57W6?ocid=hpmsn&cvid=a7b5252237f540dabde3a6f07280ca53&ei=110

A look at Avino Silver Mines in 2024

Silver Webinar brought to you by Metals Investor Forum

A CLEAR PATH TO TRANSFORMATIONAL GROWTH, May 2024

https://avino.com/site/assets/files/5182/avino_may_2024corporate_q1_2024_fs.pdf

Weekly Chart

Low volume day. Market sentiment uncertain at the moment. Could be confusion about what the next election cycle will bring.

Zacks Industry Outlook Avino Silver & Gold Mines, Fortuna Silver, Hecla and Buenaventura


May 23, 2024



Zacks Industry Outlook Avino Silver & Gold Mines, Fortuna Silver, Hecla and Buenaventura

Avino Silver & Gold Mines Ltd AMEX

Avino Silver & Gold Mines Ltd

Avino Silver

Avino

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=asm&insttype=&freq=1&show=&time=8

I suspect another loss for Q2! If base metals prices do not recover they will resort to dilution or sale!

Cash burn is concerning. 2-3Q at current burn rate. They are going to need to consolidate with someone soon to survive.

Quarterely Report,

"Strong Q4 Financial Results Following Production Restart

Highest recorded revenues since Q4 2019, with revenues of $9.3 million generating $4.4 million in mine operating income, earnings per share of $0.03 and operating cash flow generated (pre-working capital adjustments) per share of $0.04."

Reading the report it looks as if they paid their debt down to zero, and are generating a nice profit. Forward PE would be at 8.0 at $0.96 a share on the Amex. This is a silver mining company, but gold, copper, lead, etc come right on out of the ground with the silver. They got these results with avg silver at $24 oz. Silver is north of $25 oz, and has been for days. A buy rating was just issued with a target of $1.50 which would easily take out the $1.31 52 week high. Going back to $0.61 or moving up from $0.96? I'd say with silver prices what they are it's going to move up.

You have a company that has spent all it's money and then some!

If they are forced to shut again, takeunder!

Production costs are higher than market price for the metal!

Now 0.83 cent

#ASM: WHAT DO WE HAVE HERE... 0.93

6 Month MDA Charts Showing Bearish Trending

* * $ASM Video Chart 02-01-2021 * *

Link to Video - click here to watch the technical chart video

Taking a quickie here 1.77 -1.84

$ASM is screaming for the top as Wall Street Bets places their next bet. Gains are at 150% and the short squeeze is just beginning. https://cnafinance.com/asm-stock-avino-climbs-as-reddit-eyes-silver/

$SVLKF will run today !!!!

Wow ...

Shares Outstanding 5 89.57M
Float 85.86M
% Held by Insiders 1 3.23%
% Held by Institutions 1 3.53%
Shares Short (Jan 15, 2021) 4 1.05M
Short Ratio (Jan 15, 2021) 4 0.69
Short % of Float (Jan 15, 2021) 4 1.21%
Short % of Shares Outstanding (Jan 15, 2021) 4 1.17%
Shares Short (prior month Dec 15, 2020) 4 708.54k

Avino Reports 60% Increase in Measured and Indicated Mineral Resources to 75.9 Million Ounces Silver Equivalent at the Avino Property

https://finance.yahoo.com/news/avino-reports-60-increase-measured-114500631.html

Looks like I lucked out picking ASM ... +51%

ASM looks like a nice play. grabbed some 1.25s premarket here ...