Company Overview

Avino Silver & Gold Mines Ltd. is a Canadian-based precious metals mining company primarily engaged in the production and development of silver, gold, and copper resources. The company operates within the mining and mineral exploration industry, with its core focus on extracting and processing polymetallic ore. Its principal revenue drivers are the sale of silver, gold, and copper concentrates produced from its mining operations.

The company’s primary asset is the Avino Mine, a long-standing mining operation located in Durango, Mexico, which has been in various stages of production and development for over a century. Avino Silver & Gold Mines Ltd. traces its modern corporate history to the mid-20th century, with the Avino property itself having been discovered in the late 1800s. Over time, the company evolved from a legacy mining operation into a publicly listed producer, expanding through mine restarts, infrastructure upgrades, and the acquisition of nearby development-stage projects to extend mine life and scale production.

Business Operations

Avino Silver & Gold Mines Ltd. operates as a single reporting operating segment focused on mineral production, with revenues generated from the sale of metal concentrates derived from its mining and milling activities. The company’s operations are centered on the Avino Mine and the San Gonzalo Mine, both of which feed a centralized milling facility. The mill processes ore into silver-rich concentrates containing payable gold and copper, which are sold to third-party smelters under offtake agreements.

Operational control is maintained through wholly owned Mexican subsidiaries that hold the mining concessions, processing facilities, and surface rights. In addition to active mining, the company conducts ongoing exploration, mine optimization, and tailings reprocessing activities to improve recoveries and operational efficiency. Avino does not currently operate joint ventures at the producing-asset level, instead retaining full ownership and operational control of its core properties.

Strategic Position & Investments

The company’s strategic direction is focused on increasing silver-equivalent production, extending mine life, and leveraging existing infrastructure to bring nearby deposits into production at lower capital intensity. A central component of this strategy is the development of the La Preciosa Project, an advanced-stage silver-gold property acquired from Coeur Mining, Inc., which is located near the Avino Mine and is intended to become a future source of mill feed.

Avino also invests in exploration drilling, metallurgical optimization, and infrastructure upgrades to support long-term operational stability. The company has emphasized disciplined capital allocation, prioritizing internally funded growth and incremental expansions rather than large-scale acquisitions. Emerging operational priorities include enhanced tailings management, improved metallurgical recoveries, and the evaluation of near-mine exploration targets to support sustainable production growth.

Geographic Footprint

Avino Silver & Gold Mines Ltd. maintains its corporate headquarters in Vancouver, British Columbia, Canada, while its operational footprint is concentrated in Mexico, specifically in the state of Durango. All current mining, processing, and development activities are located within this region, providing geographic concentration and logistical efficiency.

Although production is Mexico-focused, the company has an international market presence through the sale of its metal concentrates to global smelters and refiners. Its public listings in Canada and the United States support access to North American capital markets, while its long-established presence in Mexico positions the company within one of the world’s most significant silver-producing jurisdictions.

Leadership & Governance

Avino Silver & Gold Mines Ltd. is led by an executive team with experience in mining operations, finance, and capital markets. Leadership emphasizes operational discipline, conservative financial management, and long-term value creation through organic growth and asset optimization.

Key executives include:

• David Wolfin – President & Chief Executive Officer
• David Wolfin – Chairman of the Board
• Tim Miller – Chief Financial Officer
• Mike Symons – Chief Operating Officer

The company is governed by a board of directors that includes both executive and independent members, with oversight focused on regulatory compliance, environmental stewardship, and alignment of management strategy with shareholder interests.