Company Overview

Avino Silver & Gold Mines Ltd. is a Canadian precious metals mining company focused on the exploration, development, and production of silver, gold, and copper assets. The company operates primarily in the mining industry, with revenue generated from the sale of concentrates and dore containing silver, gold, and copper. Avino’s core operations are centered in Mexico, where it owns and operates mining and processing infrastructure within the historic Avino property in the state of Durango. The company is publicly traded on both the NYSE American and the Toronto Stock Exchange under the ticker ASM and AVM, respectively.

The company’s principal business lines include underground mining, mineral processing, exploration drilling, and resource development. Its strategic positioning is supported by long-lived mineral concessions, existing milling infrastructure, and operational experience in the Avino district, which has a mining history dating back several centuries. Avino has evolved from a historical mining operation into a modern mid-tier precious metals producer through ongoing exploration, mine rehabilitation, and infrastructure modernization efforts.

Business Operations

Avino conducts its operations through several key mining and development areas within the broader Avino property. Its primary producing assets include the Avino Mine and the La Preciosa Project, while exploration and development activities continue across multiple concessions in Durango, Mexico. Revenue is principally generated through the production and sale of silver, gold, and copper concentrates processed at the company’s on-site milling facilities. The company also maintains ownership of significant mineral rights and processing infrastructure, including tailings facilities, underground workings, and processing plants.

Internationally, Avino’s operations are concentrated in Mexico, while corporate management and capital markets functions are based in Canada. The company controls substantial exploration acreage through its Mexican subsidiaries and has historically worked with refining and smelting partners for concentrate sales. Operational capabilities include underground mining technologies, flotation processing systems, and exploration drilling programs intended to expand mineral reserves and extend mine life.

Strategic Position & Investments

Avino’s strategic direction is centered on expanding production capacity, increasing mineral reserves, and advancing development-stage assets toward commercial production. A major focus has been the advancement of the La Preciosa Project, an acquired silver-focused asset located adjacent to existing operations in Durango. The acquisition of La Preciosa expanded the company’s resource base and strengthened its long-term production pipeline. The company has also invested in modernization initiatives involving mill optimization, underground development, and exploration programs designed to identify additional high-grade mineralization.

The company continues to evaluate growth opportunities through exploration and operational efficiency improvements rather than large-scale diversification outside precious metals mining. Emerging initiatives include expanded drilling campaigns, potential processing enhancements, and infrastructure investments intended to support higher throughput rates. Avino’s strategy reflects a focus on organic growth supported by existing operational assets and district-scale exploration potential.

Geographic Footprint

Avino’s primary operational footprint is located in Durango, Mexico, where the company controls extensive mineral concessions and operates mining and processing facilities. Its headquarters are located in Vancouver, British Columbia, Canada, where executive management, investor relations, and corporate governance activities are conducted. The company’s producing and development-stage assets are concentrated within the Avino mining district, providing geographic operational integration.

Although production activities are concentrated in North America, Avino participates in international metals markets through concentrate and precious metals sales tied to global commodity pricing. Its operational influence is primarily regional within Mexico’s mining sector, though the company maintains access to North American capital markets and international investors through its public listings and reporting obligations.

Leadership & Governance

Avino was originally established as part of historic mining operations in Mexico and later reorganized into its current publicly traded structure. The company’s leadership strategy has emphasized disciplined capital allocation, operational efficiency, reserve growth, and long-term sustainability within the precious metals sector. Management has consistently highlighted production growth, exploration success, and balance sheet management as central strategic priorities.

Key executives include:

• David Wolfin – President, Chief Executive Officer, and Director
• Malcolm Davidson – Chief Financial Officer
• Peter Latta – Vice President, Technical Services
• Armando Alexandri – Vice President, Business Development
• Luis Francisco Medina – General Manager, Mexico Operations

The company operates under Canadian corporate governance standards and files regular disclosures through securities regulators in both Canada and the United States, including filings associated with SEC filings and Canadian securities reporting requirements.