Avino Mine

100%-owned silver-gold-copper mine in Durango State, Mexico. Commercial production declared July 1, 2015. Avino Property comprises three deposits: ET (Elena Tolosa - the operating underground/open-pit silver-copper-gold area), San Gonzalo (formerly producing 2012-2019, currently exploration), and the Oxide Tailings deposit (PFS-stage). Inaugural MREs for all three deposits effective October 16, 2023. The Avino Oxide Tailings Project has the company's first NI 43-101-compliant Reserves estimate (PFS-level, effective January 16, 2024). Pit optimization via Lerchs-Grossman in Datamine; mining dilution 1%, recovery 99%. Reserves at Au $1,850/oz, Ag $22/oz; NSR cut-off $21/t. Resources at Avino Mine reported at variable AgEq cut-offs by area (60 g/t for ET, 130 g/t for San Gonzalo, 50 g/t for Oxide Tailings).