Avino Silver & Gold Mines (ASM) Investor presentation summary

Strategic growth and project development

• Transitioning from a single operation to a multi-asset, mid-tier producer in Mexico, targeting 8–10 million AgEq oz annual production by 2029.

• La Preciosa development aims for 500 tpd production, with ongoing blasting and construction and 100% ownership achieved.

• Oxide Tailings Project completed pre-feasibility study in 2024, with robust economic returns and significant local economic impact.

• Integration of AI and advanced data analytics to drive exploration and resource expansion, leveraging over 5.9 GB of geological data.

• Recognized for outstanding performance, ranking 5th in TSX30 2025 with a 610% share price increase over three years.

Financial and operational performance

• Q3 2025 revenues reached $21 million, up 44% year-over-year, with a 47% gross profit margin and net income of $7.7 million.

• Adjusted earnings for Q3 2025 were $11.6 million, with free cash flow of $4.5 million and $100 million in cash at year-end.

• Cash costs per AgEq oz sold were $17.09 in Q3 2025, with all-in sustaining costs at $24.06; costs per tonne processed decreased year-over-year.

• Silver production increased 22% in Q4 2025 over Q4 2024, and full-year 2025 silver production rose 4% year-over-year.

• Strong balance sheet with no debt (excluding equipment leases) and $50.8 million in working capital as of September 30, 2025.

Resource base and exploration

• Consolidated measured and indicated resources total 277 million AgEq oz, with 94 million AgEq oz inferred, as of October 16, 2023.

• La Preciosa resource: 17.4 Mt measured and indicated at 176 g/t Ag and 0.34 g/t Au; recent drilling shows higher grades than current resource.

• 2026 exploration budget includes 15,000 metres each at La Preciosa and Avino Mine, with updated resource estimates planned for H1 2026.

• Optimization opportunities identified at La Preciosa, with independent engineers engaged for strategic planning.

• AI-driven analysis generated 211 new data layers to enhance exploration targeting and resource modeling.