Avino Silver and Gold Mines Ltd (ASM)

AVINO RENEWS ATM EQUITY PROGRAM

June 13, 2025

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE; “Avino” or the “Company”) announces that it has filed a prospectus supplement dated June 13, 2025 (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated May 26, 2025 (the “Shelf Prospectus”) with the securities commissions in each of the provinces and territories of Canada, with the exception of Québec, pursuant to which the Company may, at its discretion and from time to time, distribute common shares (the “Offered Shares”) pursuant to a sales agreement dated June 13, 2023 (the “Sales Agreement”) with Cantor Fitzgerald & Co. (the “Designated Agent”), H.C. Wainwright & Co. LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners (collectively, with the Designated Agent, the “Agents”), as agents or as principals, for the distribution of the Offered Shares in the United States (the “ATM Offering”) up to the aggregate sales amount of US$40 million (the “Maximum Amount”). A corresponding prospectus supplement has been filed with the United States Securities and Exchange Commission (the “SEC”).

“We have re-established the ATM Offering after the previous offering expired in May 2025, and it will be used strategically as an additional source of financial flexibility if required, subject to regulatory requirements,” said David Wolfin, Avino’s President and CEO.

The ATM Offering is being made in the United States under the terms of a registration statement on Form F-10, as amended and filed with, and declared effective on May 28, 2025, by the SEC in the United States, and the Shelf Prospectus and Prospectus Supplement filed in each province and territory of Canada, except Quebec; the Registration Statement, Shelf Prospectus and Prospectus Supplement being collectively, the “Prospectus”). Prospective investors should read the Prospectus (including the documents incorporated by reference therein) for more complete information about the Company and the ATM Offering, including the risks associated with investing in the Company and disclosure with respect to the proposed use of proceeds of the ATM Offering.

The sales of the Offered Shares, if any, will be made directly on the NYSE American, or any other trading market for the Offered Shares in the United States or outside of Canada as otherwise agreed between the Agents and the Company, and will be deemed sales of Offered Shares under the Prospectus in transactions that are deemed to be “at-the-market distributions” as defined in National Instrument 44-102 - Shelf Distributions and Rule 415 of the Securities Act of 1933, as amended. The Offered Shares, if any, will be distributed at the market prices prevailing at the time of sale. As a result, prices may vary between purchasers and during the period of distribution. The ATM Offering will be effective until the earlier of (i) the date that the aggregate gross sales proceeds of the Offered Shares sold under the ATM Offering reaches the Maximum Amount, (ii) the receipt for the Shelf Prospectus ceasing to be effective in accordance with applicable securities laws, and (iii) the termination of the Sales Agreement in accordance with its terms. The Company has agreed to pay the Agents a cash commission up to 3.0% of the gross proceeds of the Offering. The Company is not obligated to make any sales of Offered Shares under the Distribution Agreement. There is no certainty that any Offered Shares will be offered or sold under the ATM Offering.

Copies of the Shelf Prospectus, Prospectus Supplement and Registration Statement may be obtained on request without charge from: (i) the Company at Suite 900-570 Granville St., Vancouver, British Columbia, V6C 3P1, Canada, telephone (604) 682-3701; or (ii) Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street,

6th floor, New York, New York 10022, by email at prospectus@cantor.com. You may also obtain these documents free of charge under the Company’s SEDAR+ profile at www.sedarplus.ca and on EDGAR at www.sec.gov.

The Toronto Stock Exchange has conditionally approved the listing of the Offered Shares that may be sold under the ATM Offering. The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in respect of the ATM Offering as an “Eligible Interlisted Issuer” (as such term is defined in the TSX Company Manual).

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Avino:

Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino’s commitment to adopting sustainable practices, we have been operating a dry stack tailings facility for more than one year now with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.



This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as “forward-looking statements” are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the distribution of Offered Shares, if any, under the ATM Offering and the benefits associated therewith and the use of net proceeds, if any, of the ATM Offering. expected operations at the Company’s mineral properties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

For Further Information, Please Contact:

Investor Relations
Tel: 604-682-3701
Email: IR@avino.com

Avino hit new 52wkhi today. Currently 2.635 +15.57% today! They had Q1 earnings call today so investors must have liked what they heard. Avino is still working on La Preciosa mine. Mgmt says they don't expect positive earnings from La Preciosa till near year end. Guidance for 2025 is pretty flat with 2024 but they expect 2026 to be a record year.

ASM 2.17 Avino has been a great mining stock for me. Bought starting at .65 and my average is around .75. Management made promises and they have kept them. This is a small producer that is profitable and moving towards significant production. Last year they produced around 3 million ounces of silver at a profit. They bought the La Preciosa mine that has 350 million ounces of silver and are bringing it into production in 2025. The mine was built but shut down soon after construction. La Preciosa is only about 30 miles from the main Avino mine where they have been mining for 50+ years. They plan to finish a short decline and begin sending ore to the Avino mill in Q3. Production will be similar at 3 million ounces of silver equivalent in 2025 but steadily rise towards 8 million ounces over the next several years.

There is no financing needed. Avino has 27 million in cash and estimates it will take about $6 million in 2025 capex to get La Preciosa into production. After La Preciosa, Avino plans to make a decision on reprocessing the tailings at Avino that will enable them to reach the 8-10 million oz range. Again, this project will likely be internally financed.

Avino should be a good buy and hold for the next several years. Can't say that about many miners.

ASM on msn.com----https://www.msn.com/en-us/money/markets/2-strong-buy-silver-miners-for-penny-stock-speculators/ar-AA1t57W6?ocid=hpmsn&cvid=a7b5252237f540dabde3a6f07280ca53&ei=110

A look at Avino Silver Mines in 2024

Silver Webinar brought to you by Metals Investor Forum

A CLEAR PATH TO TRANSFORMATIONAL GROWTH, May 2024

https://avino.com/site/assets/files/5182/avino_may_2024corporate_q1_2024_fs.pdf

Weekly Chart

Low volume day. Market sentiment uncertain at the moment. Could be confusion about what the next election cycle will bring.

Zacks Industry Outlook Avino Silver & Gold Mines, Fortuna Silver, Hecla and Buenaventura


May 23, 2024



Zacks Industry Outlook Avino Silver & Gold Mines, Fortuna Silver, Hecla and Buenaventura

Avino Silver & Gold Mines Ltd AMEX

Avino Silver & Gold Mines Ltd

Avino Silver

Avino

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=asm&insttype=&freq=1&show=&time=8

I suspect another loss for Q2! If base metals prices do not recover they will resort to dilution or sale!

Cash burn is concerning. 2-3Q at current burn rate. They are going to need to consolidate with someone soon to survive.

Quarterely Report,

"Strong Q4 Financial Results Following Production Restart

Highest recorded revenues since Q4 2019, with revenues of $9.3 million generating $4.4 million in mine operating income, earnings per share of $0.03 and operating cash flow generated (pre-working capital adjustments) per share of $0.04."

Reading the report it looks as if they paid their debt down to zero, and are generating a nice profit. Forward PE would be at 8.0 at $0.96 a share on the Amex. This is a silver mining company, but gold, copper, lead, etc come right on out of the ground with the silver. They got these results with avg silver at $24 oz. Silver is north of $25 oz, and has been for days. A buy rating was just issued with a target of $1.50 which would easily take out the $1.31 52 week high. Going back to $0.61 or moving up from $0.96? I'd say with silver prices what they are it's going to move up.

You have a company that has spent all it's money and then some!

If they are forced to shut again, takeunder!

Production costs are higher than market price for the metal!

Now 0.83 cent

#ASM: WHAT DO WE HAVE HERE... 0.93

6 Month MDA Charts Showing Bearish Trending

* * $ASM Video Chart 02-01-2021 * *

Link to Video - click here to watch the technical chart video

Taking a quickie here 1.77 -1.84

$ASM is screaming for the top as Wall Street Bets places their next bet. Gains are at 150% and the short squeeze is just beginning. https://cnafinance.com/asm-stock-avino-climbs-as-reddit-eyes-silver/

$SVLKF will run today !!!!

Wow ...

Shares Outstanding 5 89.57M
Float 85.86M
% Held by Insiders 1 3.23%
% Held by Institutions 1 3.53%
Shares Short (Jan 15, 2021) 4 1.05M
Short Ratio (Jan 15, 2021) 4 0.69
Short % of Float (Jan 15, 2021) 4 1.21%
Short % of Shares Outstanding (Jan 15, 2021) 4 1.17%
Shares Short (prior month Dec 15, 2020) 4 708.54k

Avino Reports 60% Increase in Measured and Indicated Mineral Resources to 75.9 Million Ounces Silver Equivalent at the Avino Property

https://finance.yahoo.com/news/avino-reports-60-increase-measured-114500631.html

Looks like I lucked out picking ASM ... +51%

ASM looks like a nice play. grabbed some 1.25s premarket here ...

Silver & Copper current Prices maybe putting the floor in 2021 ..Gov't adding $3 Trillion to National Debt weaken U.S.$$'s

Silver & Copper current Prices maybe putting the floor in 2021 ..Gov't adding $3 Trillion to National Debt weaken U.S.$$'s

Watch dddx

Nice dip, back in.

Boom time.

I added back to my position today. Should go back above 1.20 with gold on the uptick.

more to come

Huge Volume

Turning positive

ASM Appears to own strong technical promise. Cut and paste this url to your browser to see. https://stockcharts.com/public/1164099

Awesome gains over the past few days here.

.5689 at the close, Q1 615,019 oz Silver equivalent production


Quarter 1


-- Gold production 1,813 oz
-- Silver production 268,399 oz
-- Copper production 1,062,702 lbs

10/16: ASM Maintained at Buy by H.C. Wainwright (Dow Jones)

The stock is forming a nice base in this range. We should hit at least .80 later this month.

ACCUMULATION very high on Daily...

Dilution at 65 cents.

Can someone please tell me why the stock price dropped substantially? What happened? Thank you

8/28: Avino Announces Commencement of Drilling at Bralorne and Exploration Update (PR Newswire)

8/9: ASM Sales $9.176M Beat $8.73M Estimate (Benzinga)

Join the bidding war for RPMGF!