Avino Silver & Gold Mines (ASM) Registration Filing summary

Company overview and business model

• Engaged in the extraction and processing of gold, silver, and copper, with principal operations at the Avino Mine in Durango, Mexico, and development of the La Preciosa Property in the same region.

• Operates through a network of wholly owned subsidiaries in Canada, Mexico, and the US, with a focus on expanding mineral resources and production capacity.

• Listed on the TSX and NYSE American under the symbol ASM, with additional listings in Berlin and Frankfurt.

Financial performance and metrics

• Reported net income of $8.1 million for 2024 and $16.2 million for the nine months ended September 30, 2025.

• Consolidated production in 2025 totaled approximately 2.6 million silver equivalent ounces, meeting guidance.

• As of September 30, 2025, held approximately $62.1 million in cash and receivables, with net working capital of $51 million.

Use of proceeds and capital allocation

• Proceeds from securities sales may be used for acquisitions, project development, debt repayment, working capital, and general corporate purposes.

• May invest unused proceeds in short-term marketable investment grade securities.