ASM News & Events

Avino Silver & Gold Mines reports first quarter 2026 production results of 263,057 silver ounces, 1,851 gold oz and 1,343,654 pounds of copper, for a total of 568,112 million silver equivalent oz. "We have started 2026 with positive momentum, reflected in quarterly production of 568,112 million ounces, providing a strong foundation to deliver on our annual production target," said David Wolfin, President and Chief Executive Officer. "Mill performance remained solid during the quarter, with tonnes milled exceeding expectations. With elevated silver prices, we expect revenues to significantly outperform our budget, reflecting both strong metal prices and operational performance. Our teams continue to actively manage throughput across all four circuits. Contributions from La Preciosa development ore exceeded plan and we are seeing encouraging progress in grade improvements, particularly toward the end of the quarter. We will continue to optimize performance across our operations as we continue to advance our transformational growth plans. As noted previously and as La Preciosa advances, we expect that production will be weighted to the second half of 2026, and we remain on track with our forecasted production for the year."

Avino Silver & Gold Mines has completed a new Mineral Reserve Estimate and updated the Mineral Resource Estimate which includes La Preciosa, the Avino Mine with an effective date of October 31, 2025. The Oxide Tailings Deposit mineral reserve estimate was completed in 2024 and is materially unchanged since its publication and has an effective date of January 16, 2024. HIGHLIGHTS: Inaugural Proven and Probable Mineral Reserves at La Preciosa and Avino: The proven and probable mineral reserves at the Company's three assets totaled 27 million tonnes containing 95 million ounces of silver at a grade of 109 g/t, 356 thousand ounces of gold at a grade of 0.41 g/t, and 85 million pounds of copper at a grade of 0.31%. This calculates to 127 million silver equivalent ounces at a grade of 145 g/t. Significant Resource Conversion to Mineral Reserves: 42% of mineral resources were converted to mineral reserves on a silver equivalent basis representing decades of mine life at current mill throughput levels. Large Measured & Indicated Mineral Resource Base: Measured and indicated mineral resources across three assets totaled 68 million metric tonnes containing 207 million ounces of silver at a grade of 93 g/t, 413 thousand ounces of gold at a grade of 0.32 g/t and 243 million pounds of copper at a grade of 0.16%. This calculates to 301 million silver equivalent ounces at a grade of 162 g/t. Increase in All Mineral Resource Categories: Overall, there was a 9% increase in total measured and indicated mineral resources compared to the last published MRE, after accounting for depletion and 4,560 meters of exploration drilling. Measured mineral resources increasing to 10.8 million tonnes from 8.5 million tonnes, indicated resources increasing to 56.9 million tonnes from 44.6 million tonnes, and inferred resources increasing to 24.8 million tonnes from 23.8 million tonnes. La Preciosa Property Proven and Probable Mineral Reserves of 11 million tonnes containing 72 million ounces of silver at 206 g/t, and 128 thousand ounces of gold at 0.37 g/t. Measured and Indicated Mineral Resources of 33.2 million tonnes containing 158 million ounces of silver at 148 g/t and 287 thousand ounces of gold at 0.27 g/t. Upgrading in confidence of 3.8 million tonnes to the Measured Mineral Resource category, for a total of 23 million ounces of silver at 186 g/t and 36 thousand ounces of gold at 0.30 g/t. Avino Property Proven and Probable mineral reserves of 10 million tonnes of ore containing 12 million silver ounces at a grade of 38 g/t, and 127 thousand gold ounces at a grade of 0.41 g/t and 85 million pounds of copper at a grade of 0.40%. A measured and indicated mineral resource of 28 million tonnes containing 37 million silver ounces at a grade of 44 g/t and 309 thousand gold ounces at a grade of 0.37 g/t and 226 million pounds of copper at a grade of 0.32%. Oxide Tailings Property Proven and Probable Mineral Reserves of 6.7 million tonnes of ore containing 12 million ounces of silver at a grade of 54 g/t, and 102 thousand ounces of gold at a grade of 0.47 g/t.