Avino Silver & Gold Mines (ASM) investor relations material

Strategic growth and asset development

• Embarking on the largest expansion in company history, focusing on three key assets in Durango, Mexico.

• La Preciosa, acquired in 2022, is being developed as a standalone operation with a prefeasibility study expected by mid-2027.

• Oxide Tailings Project is on hold while focus shifts to higher-value La Preciosa; potential for future reactivation.

• AVINO Mine continues to produce around 2.5 million ounces of silver equivalent annually, with significant resource base.

• Production expected to exceed 3 million ounces next year due to higher grades from La Preciosa material.

Resource base, reserves, and operational highlights

• Proven and probable reserves total 127 million ounces of silver equivalent, with 13 years of mine life at AVINO and 12 at La Preciosa.

• La Preciosa and AVINO combined offer over 100 years of mine life at current processing rates.

• Both sites benefit from robust infrastructure, including dedicated power lines and water recycling systems.

• AVINO employs 550 people, La Preciosa 150, with a focus on local labor and returning skilled workers.

• Dry stack tailings facility built for environmental best practices, not regulatory mandate.

Financial performance and capital structure

• Q2 revenue reached $26.8 million with $5.6 million in free cash flow; strong balance sheet with $45 million cash and minimal debt.

• Market capitalization around $1 billion, with under 170 million shares outstanding and high liquidity.

• Included in TSX30 for two consecutive years, ranked fifth with a 1,000% three-year trailing average return.

• Institutional investors hold about 30% of shares, with a disciplined approach to growth and expansion.