Avino Silver & Gold Mines (ASM) Investor presentation summary

Strategic growth and operational highlights

• Transitioning from a single-operation to a multi-asset mid-tier silver producer in Mexico, with a clear roadmap to reach 8–10 million AgEq ounces annual production by 2029.

• Major assets include the Avino Mine (production), La Preciosa (development), and the Oxide Tailings Project (development), all located in Durango, Mexico.

• Achieved 100% ownership of La Preciosa, which is adjacent to existing operations and hosts one of Mexico's largest undeveloped primary silver resources.

• Recognized for outstanding performance, ranking #5 in the TSX30 for 2025, with a 610% share price increase and 778% market cap growth over three years.

• Strong relationships with local communities and a focus on responsible mining and environmental stewardship.

Financial performance and capital position

• Record Q1 2026 revenues of $39.4M, up 109% year-over-year, with 60% of revenues from silver production.

• Net income after taxes reached $15.9M, a 183% increase from Q1 2025, and adjusted earnings were $24.3M.

• Operating cash flows of $18.7M and free cash flow (excluding La Preciosa development) of $17.2M.

• Maintains a strong balance sheet with $139M in cash and $140M in working capital as of March 31, 2026, and is debt-free except for equipment leases.

• Gross profit margin at 59% (68% on a cash basis), with EBITDA of $25.5M in Q1 2026.

Production, reserves, and resource base

• Consolidated proven and probable mineral reserves of 127 million AgEq ounces and measured and indicated resources of 301 million AgEq ounces (NI 43-101, October 31, 2025).

• Avino Mine: 10 million tonnes of ore with 12 million silver ounces, 127,000 gold ounces, and 85 million pounds of copper in reserves.

• La Preciosa: 11 million tonnes with 72 million silver ounces and 128,000 gold ounces in reserves; 33.2 million tonnes with 158 million silver ounces and 287,000 gold ounces in resources.

• Oxide Tailings Project: 6.7 million tonnes at 55 g/t silver and 0.47 g/t gold in reserves.

• Average reserve mine life of ~13 years, exceeding the industry peer average of ~8 years.