Why Invest In Avino?

• Avino is in its 55th year
• Proven track record

Avino Mine - Production
Beat internal estimate for 2022 - 2.65M AgEq oz vs. 2.2 - 2.4 estimate

Oxide Tailings Project - Development
Metallurgical Testwork completed; Pre-Feasibility study to commence shortly

La Preciosa - Development
Acquired March 2022 from Coeur Mining Inc. adjacent to Avino Mine in Durango

368 million AgEq Oz - Consolidated NI 43-101 Mineral Resources at November 30, 2022

60% Silver - Acquisition of La Preciosa shifts resources to primarliy silver

La Preciosa - Future silver production asset

Oxide Tailings Project - Future gold and silver production asset

Avino - Regional exploration and resource expansion for future growth production

Key Highlights - Q4 & Full Year 2022

• Record Quarterly and Annual Revenues
  • Q4 - 14.6 million
  • 2022 - $44.2 million
• Net Earnings
  • Q4 - $1.3 million or $0.01 per share
  • 2022 - $3.1 million or $0.03 per share
• Annual cash flow generated from operations - $11.8 million
• Free-cash flow generated for 2022 - $2.9 million
• Avino Mine Major Capital Expenditure Programs - Completed

Undervalued relative to our silver peers on P/NAV and EV/oz by many multiples

• Avino is in it’s 54th year of operations and mining in Mexico
• 100% Mexican labor force
• Implementation of industy best practices, and recently received The ESR® Award for Corporate Social Responsibility 
• Support the health, safety & wellness of our workforce in Mexico and Canada

• The Company’s budgeted exploration and evaluation expenditures for 2023 are focused on further drilling below Level 17 at the ET Area of the Avino Mine, where the Company successfully extended mineralization over 300 metres below the lowest level of production mining operations.
• A further 8,000 metres of drilling have been budgeted at this time. Exploration may not be limited to this area, and during the year our priority targets may change if geological interpretations on other areas present enhanced opportunity.

Avino’s operations in Mexico benefit greatly from abundant local skills, transportation, power and water. 

The installation and commissioning of the dry-stack tailings project has been completed and the facility is now fully operational. Avino chose dry-stack tailings for its environmental, safety and economic advantages. Dry-stack tailings improve the overall tailings facility safety and stability and reduces the need for fresh water by recycling the water contained in the tailings. In addition, dry-stack tailings require less storage area which results in a smaller environmental footprint.

We owe our long-term success to the team’s passionate commitment to our vision, values and growth model.

Silver is one of the world’s most important metals. Growing applications in industry, technology, medicine and other sectors, along with growing  investment demand, support silver’s long-term attractiveness.