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November 2026 TSX: ASM NYSE American: ASM A Clear Path To Transformational Growth www.avino.com
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TSX: ASM NYSE American: ASM 2 A Clear Path to Transformational Growth Cautionary Note This presentation 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, including the Mineral Reserve Estimate and updated the Mineral Resource Estimate (“MRE”) which includes La Preciosa, the Avino Mine (consisting of the Elena Tolosa (“ET”) deposit, Guadalupe, and La Potosina) 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, and can be viewed within Avino’s latest technical report dated February 5, 2024 for the Pre-feasibility Study and references to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this presentation. 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: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. 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 and the dates of technical reports, as applicable. 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. Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral Resources All reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards. The U.S. Securities and Exchange Commission (“SEC”) now recognizes estimates of “measured mineral resources,” “indicated mineral resources” and “inferred mineral resources” and uses new definitions of “proven mineral reserves” and “probable mineral reserves” that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any “measured mineral resources,” “indicated mineral resources,” or “inferred mineral resources” that the Issuer reports are or will be economically or legally mineable. Further, “inferred mineral resources” are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability. Peter Latta, VP Technical Services, Avino, a Qualified Persons for the Company as required by NI 43-101, has reviewed the technical information concerning the properties contained in this presentation for accuracy and have authorized its disclosure.
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TSX: ASM NYSE American: ASM 3 A Clear Path to Transformational Growth A Primary Silver Producer and Explorer in Mexico PROJECT PORTFOLIO Avino Mine - Production Disciplined Producer generating free cash flow 500 year history & decades of mine life ahead 2,500 tonnes per day with 4 circuits La Preciosa - Development One of the largest permitted silver assets in Mexico Processing at 400 to 500 tpd 19 km to the Avino mill Oxide Tailings Project - Development Pre-Feasibility Study Completed in 2024 LARGE SILVER EQUIVALENT RESOURCE BASE • 127 million AgEq oz of proven and probable mineral reserves NI 43-101 effective date October 31, 2025 • 301 million AgEq Oz of measured and indicated mineral resources NI 43-101 effective date October 31, 2025 • ~70% pure silver A growth strategy that positions Avino to intermediate-producer scale
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TSX: ASM NYSE American: ASM 4 A Clear Path to Transformational Growth PRODUCTION PROFILE BY PROJECT – 5 YEAR GROWTH TARGET Medium-Term Outlook: 8 – 10Moz AgEq Producer Building a platform for sustained silver production growth - 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 2026 2027 Medium-Term Consolidated production profile: Avino, La Preciosa and Oxide Tailing Project Pathway to 10+ Million Silver Equivalent Ounces • 2026 Production Guidance: 2.2M – 2.5M AgEq oz • 2027 Production: 3M AgEq oz • Multiple organic growth opportunities across Avino’s asset portfolio Growth Catalysts • La Preciosa development and scale up – potential standalone plant • Expansion opportunities at the Avino processing plant • Trade off studies and evaluation ongoing Long-Term Growth Potential • Oxide Tailings Project • Additional Reserve Conversion and Resource Expansion
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TSX: ASM NYSE American: ASM 5 A Clear Path to Transformational Growth Production Profile – Return to Primary Silver Revenue Mix by Metal 49% 58% 68% 75% 20% 24% 17% 15%31% 18% 15% 10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2025 2026 2027 LT Target Silver Gold Copper
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TSX: ASM NYSE American: ASM 6 A Clear Path to Transformational Growth Long Reserve Lives Sources: Company materials, LSEG workspace Peers include: Americas Gold & Silver, Andean Precious Metals, Coeur Mining, Endeavour Silver, First Majestic, Hecla Mining Company, Pan American Silver, Santacruz Silver Mining, Vizsla Silver (1) Reserve mine life calculated by dividing reserve tonnes by 2025 production throughput. (2) Silver equivalent reserve calculated using commodity price assumptions of US$4,000/oz Au, US$50/oz Ag, US$4.50/lb Cu, US$1.00/lb Pb, US$1.20/lb Zn. (3) La Preciosa throughput based on Avino Mill capacity (2,500tpd) Note: Country Acronyms: US – United States; CAN – Canada; MEX – Mexico; BRZ – Brazil; CHI – Chile; PER – Peru; ARG – Argentina; BOL – Bolivia. Avino’s Avg Reserve Mine Life: 13 years Industry Peers Avg Reserve Mine Life: 8 years
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$0 $20 $40 $60 $80 $100 $120 *The silver price from January 2022 until June 2026
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TSX: ASM NYSE American: ASM 8 A Clear Path to Transformational Growth Financial Highlights – Q3 2026 Financial and Operating Results • Quarterly revenues of $33.4M • 55% of revenues generated from silver ounces sold, over 90% from precious metals • 44% gross profit margin, 49% on a cash basis • Net income after taxes – $6.1M ($0.03/share) • Adjusted earnings* – $14.3M ($0.08/share) • Operating cash flows* – $12.7M ($0.07/share) • Free cash flow excluding La Preciosa development* - $6.0M Balance Sheet • Cash: $138 million; Working Capital: $142 million • Debt-free excluding operating equipment leases *See Footnotes & Non-IFRS Accounting Standards reconciliations sections in Appendix A
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TSX: ASM NYSE American: ASM 9 A Clear Path to Transformational Growth The Avino Mine – 500 years of history • Mine type: Underground • Metals Mined: Ag, Au, Cu • 2,500 tpd flotation plant • ~ 12 years of Mineral Reserves • Large Mineral Resource inventory • ~ 2-3 M AgEq ozs annually since 2015
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Avino Mine Reserves and Resources NI 43-101 effective date of October 31, 2025. TSX: ASM NYSE American: ASM A Clear Path to Transformational Growth 10 1 KM 300 m 600 m 400 m 500 m 650 m 100 m 200 m
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TSX: ASM NYSE American: ASM 11 A Clear Path to Transformational Growth La Preciosa • Acquired in 2022 • Metals : ~90% Ag, ~10% Au • One of the largest permitted silver assets in Mexico • 3,000 metres development completed to date The Avino Advantage - Infrastructure • 19 km to Avino’s 2,500 tpd mill • Paved road • High water supply • 100% Mexican workforce; primarily local • Safe jurisdiction – farmland • Dedicated powerline – 7.3MW • Current excess capacity of 2 MW
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La Preciosa Reserves and Resources 12 2 KM 300 m 500 m 100 m Reserves Proven & Probable
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TSX: ASM NYSE American: ASM 13 A Clear Path to Transformational Growth La Preciosa: 14+ Months of Progress • Recent drilling suggests wider Gloria vein structures • Original mine plan continues to evolve • Optimization opportunities are being identified • Independent Engineers engaged to deliver a strategic plan What We’ve learned Decline to Level 4 underway (3,000m advanced)
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TSX: ASM NYSE American: ASM 14 A Clear Path to Transformational Growth Financial Results *See Footnotes & Non-IFRS Accounting Standards reconciliations sections in Appendix A *Some items may not add up due to rounding FINANCIAL RESULTS Q3 2026 Q3 2025 Change YTD 2026 YTD 2025 Change Revenues $33.4 M $21.0 M 59% $99.6 M $61.7 M 61% Gross profit (mine operating income) $14.8 M $9.9 M 50% $51.2 M $30.7 M 67% Net income $6.1 M $7.7 M -21% $32.9 M $16.2 M 103% Net income – per share (diluted) $0.03 $0.05 -40% $0.19 $0.10 90% Mine operating cash flows before taxes* $16.5 M $11.1 M 49% $57.6 M $33.7 M 71% EBITDA* $12.8 M $11.5 M 12% $50.9 M $28.6 M 78% Adjusted earnings* $14.3 M $11.6 M 23% $49.8 M $30.3 M 64% Adjusted earnings* – per share (diluted) $0.08 $0.07 14% $0.29 $0.20 45% Cash provided by operating activities $12.7 M $8.3 M 52% $39.6 M $17.4 M 127% Operating cash flow before non-cash working capital changes* $12.3 M $7.3 M 69% $39.2 M $20.9 M 88% Operating cash flow per share* $0.07 $0.05 40% $0.23 $0.14 64% Free cash flow* $4.3 M $3.5 M 25% $24.3 M $11.3 M 115% Free cash flow excluding La Preciosa development* $6.0 M $4.4 M 38% $28.8 M $13.3 M 117%
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TSX: ASM NYSE American: ASM 15 A Clear Path to Transformational Growth OPERATING METRICS *See Footnotes & Non-IFRS Accounting Standards reconciliations sections in Appendix A FINANCIAL RESULTS Avino La Preciosa Q3 2026 Q3 2025 Change Cash cost per AgEq oz* $24.77 $40.58 $27.87 $17.09 63% All-in sustaining cash cost (“AISC”) per AgEq oz* $32.40 $44.16 $34.71 $24.06 44% Cash cost per tonne processed* $59.60 $133.92 $71.40 $53.18 34% AISC per tonne processed* $79.99 $146.28 $90.52 $73.97 22% Mine operating cash flow before taxes* $15.5 M $1.0 M $16.5 M $11.1 M 49% Mine operating cash flow before taxes* - margin 58% 15% 49% 52% -3% Cash cost per AgEq oz* - 2026 Guidance Metal Price Ratios $23.09 $39.56 $26.21 $17.38 51% AISC per AgEq oz* - 2026 Guidance Metal Price Ratios $30.21 $43.05 $32.64 $24.47 33% Vs. 2026 Guidance • Cash cost and AISC per AgEq oz – above consolidated ranges primarily with strong MXP rates and additional La Preciosa costs • Cash cost per tonne – in range at Avino, above at La Preciosa with additional mine preparation costs • AISC per tonne – in range at Avino, above at La Preciosa with additional mine preparation costs • Increase in consolidated costs primarily as a result of mine preparation at La Preciosa to transition to production mining
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TSX: ASM NYSE American: ASM 16 A Clear Path to Transformational Growth Q3 2026 Consolidated Production Results Three months ended September 30, 2026 Nine months ended September 30, 2026 Avino La Preciosa Total Avino La Preciosa Total 160,140 30,239 190,379 Total Mill Feed (dry tonnes) 487,189 72,980 560,169 58 147 72 Feed Grade Silver (g/t) 52 154 65 0.46 0.26 0.42 Feed Grade Gold (g/t) 0.48 0.28 0.45 0.43 - 0.43 Feed Grade Copper (%) 0.39 - 0.39 71% 64% 70% Recovery Silver (%) 75% 63% 73% 67% 66% 67% Recovery Gold (%) 71% 66% 71% 75% - 75% Recovery Copper (%) 79% - 79% 211,748 91,441 303,189 Total Silver Produced (oz) 607,474 226,077 833,551 1,566 166 1,732 Total Gold Produced (oz) 5,328 433 5,761 1,202,821 - 1,202,821 Total Copper Produced (lbs) 3,276,404 - 3,276,404 476,969 105,867 582,836 Total Silver Equivalent1 Produced (oz) 1,422,171 263,722 1,685,893 1. Silver equivalent or “AgEq” was calculated using metal prices of $45.30 per oz Ag, $3,929 per oz Au and $4.85 per lb Cu. These metal prices are based on the Company’s 2026 budget as approved by the Board of Directors, and previous periods have been recalculated using these prices for comparability purposes. Calculated figures may not add up due to rounding.
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TSX: ASM NYSE American: ASM 17 A Clear Path to Transformational Growth 2026 Key Goals and 2025 Milestones La Preciosa • 15,000 metres budgeted - Exploration for 2026 (10,675 metres completed at end of Q3) • Increased production – Goal of 500 tonnes per day • Updated Mineral Reserve and Resource estimate – April 2026 • AI Integration of all data for resource/reserve expansion and new exploration discoveries Avino Mine • 15,000 metres budgeted - Exploration for 2026 (9,400 metres completed at end of Q3) • Updated Mineral Reserve and Resource estimate – April 2026 • AI Integration of all data for resource/reserve expansion and new exploration discoveries Corporate • Avino acquired outstanding royalties and payment on La Preciosa – achieving 100% ownership • Index Inclusion: S&P/TSX Global Gold Mining Index, Solactive Global Silver Miners Index, Market Vectors Junior Gold Miners • Major ETF inclusion: VanEck Junior Gold Miners ETF (GDXJ), Amplify Junior Silver Miners ETF (SILJ), Global X Silver Miners (SIL), • Recognized for Outstanding Performance – Recognized for Outstanding Performance – Avino ranked #5 in 2025 and 2026. For the three years ended June 30, 2026, Avino’s share price increased 958%
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TSX: ASM NYSE American: ASM 18 A Clear Path to Transformational Growth La Preciosa – 1,500 Drill Holes Well Defined HISTORICAL AG DRILLING WITH VEINS
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TSX: ASM NYSE American: ASM 19 A Clear Path to Transformational Growth La Preciosa – Resource Table GLORIA ABUNDANCIA MARTHA 2 MARTHA La Preciosa Property – Inclusive of Mineral Reserves Summary – Effective Date October 31, 2025 Grade Metal contents Classification Tonnage Ag Au Cu AgEq Ag Au Cu AgEq Mt g/t g/t % g/t M oz K oz % M oz Total Measured 3.8 186 0.30 - 214 23 36 - 26 Total Indicated 29.3 143 0.27 - 169 135 251 - 159 Total M&I 33.2 148 0.27 - 174 158 287 - 185 Total Inferred 11.1 98 0.20 - 117 35 72 - 42 Cut-off grades in silver equivalent grades (AgEQA) at La Preciosa Underground – 120 g/t
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TSX: ASM NYSE American: ASM 20 A Clear Path to Transformational Growth La Preciosa 2026 Drill Results Selected Intercept Highlights: • Hole PMLP 26-17: 616 g/t Ag and 0.32 g/t Au over 4.86 metres true width • Hole PMLP 26-20: 554 g/t Ag and 0.54 g/t Au over 2.76 metres true width including 750 g/t Ag and 0.68 g/t Au over 1.46 metres true width • Hole PMLP 26-23 at La Gloria and Abundancia:132 g/t Ag and 0.37 g/t Au over 23.60 metres true width including 309 g/t Ag and 0.59 g/t Au over 0.84 metres true width at La Gloria, and including 202 g/t Ag and 0.36 g/t Au over 8.04 metres true width at Abundancia
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TSX: ASM NYSE American: ASM 21 A Clear Path to Transformational Growth La Preciosa Drill Results Since 2025 Mineral Reserve Hole Number True Width (metres) Ag (g/t) Au (g/t) AgEQ (g/t) PLMP 26-17 4.86 616 0.32 642 PLMP 26-20 2.76 554 0.54 597 Including 1.46 750 0.68 804 PLMP 26-23 23.60 132 0.37 162 Including 0.84 309 0.59 355 PLMP 25-03 7.90 1,638 1.92 1,812 Including 0.37 15,352 1.55 15,493 PLMP 25-04 6.42 544 0.46 585 Including 0.66 1,739 0.74 1,807 PLMP 25-06 5.22 787 0.51 832 Including 0.77 3,206 1.02 3,297 PLMP 25-08 3.98 306 1.15 408 Including 0.63 699 5.80 1,215 PLMP 25-08 4.00 463 0.61 517 Including 0.95 642 0.60 696 PLMP 25-12 4.90 585 0.65 637 Including 0.51 2,218 1.92 2,372 PLMP 25-14 4.52 694 0.63 745 Including 0.61 2,275 1.28 2,377 The intercept grades are significantly higher than the average grades outlined in the current reserve – Selected Intercepts Shown* To view complete drill results data, please visit our website at avino.com and go to the news section
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TSX: ASM NYSE American: ASM 22 A Clear Path to Transformational Growth Consolidated Proven and Probable Mineral Reserves and Mineral Resources The full technical report is available on www.avino.com, SEDAR+ and Edgar. 127 million AgEq oz of proven and probable mineral reserves NI 43-101 effective date October 31, 2025 Cut-off grades in silver equivalent grades (AgEQ), Avino Mine – 55 g/t, La Preciosa Underground – 120 g/t, Oxide Tailings -50 g/t 301 million AgEq oz of measured and indicated mineral resources NI 43-101 effective date October 31, 2025
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TSX: ASM NYSE American: ASM 23 A Clear Path to Transformational Growth Capital Structure Share Price closing price November 3, 2026 CAD $5.97 USD $4.27 Shares issued and outstanding1 170 M Market Capitalization1 CAD $1.01B USD $726M Options and RSU’s1 5 M Fully Diluted Shares1 175 M 52 Week (low, high) CAD $5.67 - $16.11 USD $4.05 - $11.99 Cash on Hand2 US$138M Average Daily Volume TSX: 700K – 800K NYSE American: 4M – 6M Capital Structure and Shareholder Foundation 1 – As at September 30, 2026 2 – As at September 30, 2026 Top 5 Shareholders: Avino Management Tidal/Toroso Investments LLC BlackRock Fund Advisors Renaissance Technologies LLC AIFM Capital AB Top 5 ETFs holding ASM: Amplify Junior Silver Miners ETF - SILJ Global X Silver Miners ETF – SIL Van Eck Junior Gold Miners ETD – GDXJ iShares MSCI Global Silver & Metals Miners ETF - SVLP Sprott Junior Gold Miners ETF - SGDJ NCIB PROGRESS: ASM HAS REPURCHASED AND CANCELLED 1M SHARES 135 institutional holders tracked, predominantly ‘long only’
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TSX: ASM NYSE American: ASM 24 A Clear Path to Transformational Growth A Disciplined Silver Producer with scale, growth and financial strength Silver Weighted Exposure • Silver-focused producer & explorer in Durango, Mexico • 2.2 –2.5 M AgEq oz annual production • Meaningful leverage to silver prices • Growing silver contribution through organic expansion Growth with Execution • Clear roadmap to 8- 10+ Moz AgEq • Transition toward an intermediate producer • Largest expansion in company history • Strong track record of delivery Milestones Delivered • La Preciosa → permits achieved & development underway • La Preciosa royalties repurchased • Oxide Tailings PFS completed • TSX30 2026/2025 – Ranked 5 th for two consecutive years Financial Strength & Longevity • $138M cash (as at September 30, 2026) • 127M AgEq ozs of mineral reserves • 301M AgEq M&I mineral resources • Decades of mine life • Strong balance sheet & liquidity
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November 2026 TSX: ASM NYSE American: ASM A Clear Path To Transformational Growth Thank you! For more information Visit our website at: www.avino.com
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TSX: ASM NYSE American: ASM 26 A Clear Path to Transformational Growth Analyst Coverage Company Analyst H.C. Wainwright & Co. Heiko Ihle Alliance Global Partners Jake Sekelsky Roth Capital Partners Joe Reagor Cantor Fitzgerald Canada Matthew O’Keefe National Bank of Canada NBCCM Alex Terentiew Newsletter Coverage Publication Writer Silver Advisor Peter Krauth What is Chen Buying? Chen Lin Gold Newsletter Brien Lundin The National Investor Chris Temple GoldStockData.com Don Durrett J. Taylor's Gold Energy & Tech Stocks Newsletter Jay Taylor Agora Financial/InvestorIntel Byron King Analyst and Newsletter Coverage
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TSX: ASM NYSE American: ASM 27 A Clear Path to Transformational Growth Board of Directors Ronald Andrews, Chairman & Independent Director Mr. Andrews is the President of West Wind Property Inc., which is a property management and holding company. Mr . Andrews is the former owner and operator of Andrews Orchards; and was a former Director of Coral Gold Resources Ltd. from January 2010 to November 2020. He has acted as director and chairman of the audit committee of several public mining companies. Mr. Andrews has a Bachelor of Science degree from Washington State University and a Masters in Political Science. He served as a helicopter pilot in Vietnam and is retired from the United States Army Reserves. David Wolfin President, CEO & Director Mr. Wolfin has over 35 years of public company experience in mineral resources, including exploration, development, construction, and operations in precious metals across North America.He currently serves as President, CEO, and Director of Avino Silver & Gold Mines Ltd., listed on the NYSE American and Toronto Stock Exchange. He successfully developed the company from a minority owner of the closed Avino mine in 2001 to 100% ownership in 2006, and then into commercial production in 2012. The company has since grown to 500+ employees, with a market capitalization reaching as high as US$800 million. In 2025, Avino achieved the special honor of being ranked 5th in the TSX 30 top-performing companies on the Toronto Stock Exchange, delivering +610% appreciation based on dividend-adjusted share price performance over a three-year period. He is experienced in M&A, capital markets, brokered and private placement financings, offtake agreements (including with Samsung), at-the-market offerings, and credit facilities totaling more than US$350 million in aggregate.Mr. Wolfin was the architect of strategic transactions between Coral Gold and the Cortez Joint Venture (Barrick & Newmont), including the sale of the Robertson Project in Nevada in 2017, and later the sale of the company in 2020, which owned a sliding-scale royalty. These deals represented a 2,000% gain for shareholders over that period. Mr. Wolfin studied business and geology at Colorado State University and Simon Fraser University. Since the early 2000s, Mr. Wolfin has also managed the Oniva International Services Group, which provides administrative services to a group of mining and exploration companies, including but not limited to: Avino Silver & Gold Mines Ltd., Bralorne Gold Mines Ltd., Coral Gold Resources Ltd., Levon Resources Ltd., and Silver Wolf Exploration Ltd. Carolina Ordoñez Independent Director Carolina Ordoñez is the recipient of the Top 10 Most Influential Hispanics in Canada, has over 15 years of experience in the resource sector as a liaison between Governments, Corporations, Mining subsidiaries, Communities, and Investors, with extensive experience in different regions around the world, including Durango, Mexico. Former roles include Executive Member of the Vancouver branch of Women in Mining.Native Spanish speaker, Carolina is actively dedicated to promoting Latin-American culture and an influential member of the community. She has led the Board of various not-for-profit organizations and sits on the board of The Karina LeBlanc Foundation.Carolina holds a global designation in International Trade Business and International Commerce from the British Columbia Institute of Technology and a Diploma in Global Business and Politics from the Yale School of Management. Michael Clark Independent Director Mr. Clark serves as Executive Vice President, Chief Financial Officer & Corporate Secretary of Contango ORE, Inc. He previously served as Chief Financial Officer and Corporate Secretary for Alexco Resource Corp. (“Alexco”) from December 2014 to September 2022 at which time Alexco was acquired by Hecla Mining Company. Between 2010 and 2014, Mr. Clark served as Chief Financial Officer of Goldgroup Mining Inc. and from 2007 to 2010 Mr. Clark served as Chief Financial Officer for the Grosso Group and its member companies. Mr. Clark is a Chartered Professional Accountant and holds a Bachelor of Technology in Accounting degree from the British Columbia Institute of Technology. Between 2016 and 2020, Mr. Clark also served on the Board of Trustees for the Burnaby Hospital Foundation as Chair of the Finance Committee. Linda Broughton Independent Director Ms. Broughton is an accomplished mining executive with over 35 years of experience in corporate and operations roles in North and South America. She brings strong expertise in environmental geochemistry, water and tailings management, risk management, and mine reclamation. Ms. Broughton is currently a non-executive director of OceanaGold Corporation (TSX:OGC) and serves on industry review boards. From 2014 to 2023, Ms. Broughton was Vice President Technical Services for Alexco Resource Corp. as well as President of their subsidiary ERDC where she was responsible for the reclamation of an historical mining district in northern Canada. Prior to that, she held various senior environmental and engineering roles with BHP Billiton from 2005 to 2014, Compañia Mineral Antamina in Peru from 1999 to 2002, and SRK Consulting in Canada and the UK. Ms. Broughton holds a Bachelor of Science (Mining Engineering) from Queen’s University and a Master of Applied Science from the University of British Columbia. She is also a graduate of the ICD-Rotman Directors Education Program in Canada.
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Management David Wolfin President, CEO & Director Mr. Wolfin has over 35 years of public company experience in mineral resources, including exploration, development, construction, and operations in precious metals across North America.He currently serves as President, CEO, and Director of Avino Silver & Gold Mines Ltd., listed on the NYSE American and Toronto Stock Exchange. He successfully developed the company from a minority owner of the closed Avino mine in 2001 to 100% ownership in 2006, and then into commercial production in 2012. The company has since grown to 500+ employees, with a market capitalization reaching as high as US$800 million. In 2025, Avino achieved the special honor of being ranked 5th in the TSX 30 top-performing companies on the Toronto Stock Exchange, delivering +610% appreciation based on dividend-adjusted share price performance over a three-year period. He is experienced in M&A, capital markets, brokered and private placement financings, offtake agreements (including with Samsung), at-the-market offerings, and credit facilities totaling more than US$350 million in aggregate. Mr. Wolfin was the architect of strategic transactions between Coral Gold and the Cortez Joint Venture (Barrick & Newmont), including the sale of the Robertson Project in Nevada in 2017, and later the sale of the company in 2020, which owned a sliding-scale royalty. These deals represented a 2,000% gain for shareholders over that period. Mr. Wolfin studied business and geology at Colorado State University and Simon Fraser University. Since the early 2000s, Mr. Wolfin has also managed the Oniva International Services Group, which provides administrative services to a group of mining and exploration companies, including but not limited to: Avino Silver & Gold Mines Ltd., Bralorne Gold Mines Ltd., Coral Gold Resources Ltd., Levon Resources Ltd., and Silver Wolf Exploration Ltd. Carlos Rodriguez COO Mr. Rodriguez Moreno is a professional geologist with over 42 years of experience in underground mines and regional exploration in Mexico.Mr. Rodriguez Moreno graduated in 1984 from the University of Sonora in Hermosillo, Mexico in geology. He graduated from the Colorado School of Mines in 1998 with a degree in mineral exploration. His expertise has helped strengthen Avino’s Mexican operations and leadership at the Mines. Mr. Rodriguez Moreno is very familiar with the underground workings at the Avino Mine as he was the last Chief Geologist at Avino before the operation ceased in 2001. Since his last post at Avino, Mr. Rodriguez Moreno has worked for Luzon Minerals Ltd. in the States of San Luis Potosi, Aguascalientes, Zacatecas and Durango, Mexico, as well as for Kings Minerals Ltd., an Australian mining company exploring the Cerro El Gallo project in the state of Guanajuato. He joined Avino again in 2006 as mine exploration and general manager and was instrumental in the discovery of the San Gonzalo deposit in 2007. He started rehabilitating the 250 tpd flotation circuit, brought it on line in 2010, and built the water treatment facility for treating mine water and is now moving forward to re-furbish the 1,000 tpd circuit for a total mill throughput of 2,500 tpd. Nathan Harte, CPA CFO Mr. Harte is a Canadian Chartered Professional Accountant (CPA) with over a decade of experience in finance roles in the fields of mineral exploration, development, production, and royalties/streaming of precious metals across North America, South America, and Africa. He currently serves as Chief Financial Officer of Avino Silver & Gold Mines Ltd., listed on the NYSE American and the Toronto Stock Exchange, joining in 2016 and assuming his current role in 2018. He has been instrumental in the growth of the finance team as Avino has successfully developed into one of the fastest-growing silver producers in Mexico, with over 500 employees and a market capitalization recently reaching more than C$1 billion. Since joining Avino, he has led financing and M&A transactions totaling over US$300 million, including the acquisition of La Preciosa and the sale of Bralorne Gold Mines Ltd. He was also CFO of Coral Gold Resources Ltd. prior to its acquisition by Nomad Royalties for C$60 million in 2020. Prior to joining Avino, Mr. Harte was with Deloitte LLP in Vancouver, where he specialized in working with public mining companies in a fast-paced environment. Mr. Harte holds a Bachelor of Business Administration (Accounting), having studied at Capilano University and Simon Fraser University, and he currently also serves as CFO of Silver Wolf Exploration Ltd. Peter Latta, BASc, P.Eng (BC) Senior Vice President, Technical Services Mr. Latta is a professional engineer and a 2007 graduate of the University of British Columbia with a degree in Metals and Materials Engineering, as well as a 2017 graduate of Simon Fraser University’s Beedie School of Business, where he earned a Master of Business Administration. He has 20 years of operational, engineering, and commercial experience in the mining industry. Peter has worked on mining projects across six continents, including silver projects from the Yukon to southern Argentina, and brings significant experience in operational commissioning, troubleshooting, and optimization. At Avino, Peter oversees the technical aspects of the Company’s operations, including technical reporting, manages commercial relationships for Avino’s products, and contributes to new project evaluations. He collaborates closely with vendors across metallurgy, mining, and geology disciplines and is known for contributing to a positive, lighthearted, and inclusive culture. Marc Turcotte Senior Vice President of Corporate Development Marc is a mining development and exploration executive with over 20 years of experience in corporate development, capital markets, and strategic transactions within the mining sector. Most recently, he served as Chief Development Officer of MAG Silver Corp., where he played a key role over more than a decade in advancing the Company’s project portfolio and corporate strategy, culminating in MAG Silver’s US$2.1 billion acquisition by Pan American Silver. Prior to joining MAG Silver, Mr. Turcotte held senior roles with Hecla Mining Company and Aurizon Mines Ltd., gaining broad experience across exploration, development, and corporate transactions. Mr. Turcotte holds a Bachelor of Science in Resource Economics (Honours) from the University of British Columbia and a Master of Business Administration from the Richard Ivey School of Business. Jennifer Trevitt Corporate Secretary Ms. Trevitt has over 25 years of experience in securities and corporate finance. She joined Avino Silver & Gold Mines Ltd. as Corporate Secretary in December 2021, bringing extensive expertise from her 13 years as Corporate Secretary and Vice President, Corporate Affairs at Minco Silver Corporation, Minco Capital Corp. and other publicly traded companies. A certified Paralegal from Capilano University, she holds a Certificate in Mining Law (2019) and completed the Fundamentals of U.S. Securities Law at Osgoode Hall Law School (2021). She also serves as Corporate Secretary for Silver Wolf Exploration Ltd. Under Avino’s leadership team, the company was recognized by the TSX in 2025 for outstanding performance, achieving a 610% increase in dividend-adjusted share price and a 778% rise in market capitalization over three years. Jennifer North Head of Investor Relations Ms. North has over 26 years of experience working with publicly traded mining companies in Canada. She joined Avino Silver & Gold Mines in 2016, following 17 years with Aurizon Mines Ltd. (1996–2013), where she contributed until its acquisition by Hecla Mining in a CAD$796 million stock and cash transaction. From 2013 to 2016, she was based in London, UK, where she advised FTSE-listed companies on best practices in annual reporting and capital markets communications. Since joining Avino, Ms. North has been part of the leadership team that has driven significant value creation for shareholders. In 2025, Avino was recognized by the TSX for its performance, with a 610% increase in dividend-adjusted share price and a 778% increase in market capitalization over the three years ended June 30, 2025.. Jennifer completed the Canadian Securities Course through the Canadian Securities Institute in 2009 and has been a member of the Woman in Mining UK and BC chapters. She is also a member of CIRI. Andrew Kaplan Capital Market Strategist Mr. Kaplan is a graduate of the University of Hartford having a major in Finance and Insurance. He is a founder of A to B Capital Management, and manages the A to B Capital Special Situations Fund, LP which was launched on January 1, 2009. The fund invests in the small cap sector through private, pre-public and publicly traded companies. In addition, he has been a Vice President of Barry Kaplan Associates (“BKA”) for the past 20 years, a leading financial public relations firm for both public and private companies in the US, Canada and abroad. Prior to working at BKA, he had six years experience working at Lehman Brothers and Merrill Lynch involved in deal structure, mergers and acquisitions and trading. Avino Management 28
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TSX: ASM NYSE American: ASM 29 A Clear Path to Transformational Growth *Notes for UG Reserves, Oxide Tailings Reserves and Resources can be found in the appendix of this slide presentation. Proven and Probable Mineral Reserves NI 43-101 effective date October 31, 2025
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TSX: ASM NYSE American: ASM 30 A Clear Path to Transformational Growth *Notes for UG Reserves, Oxide Tailings Reserves and Resources can be found in the appendix of this slide presentation. Mineral Resources Inclusive of Mineral Reserves NI 43-101 effective date October 31, 2025
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TSX: ASM NYSE American: ASM 31 A Clear Path to Transformational Growth APPENDIX A IFRS ACCOUNTING STANDARDS TO NON- GAAP MEASURES RECONCILIATIONS
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TSX: ASM NYSE American: ASM 32 A Clear Path to Transformational Growth NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS EBITDA & ADJUSTED EARNINGS Expressed in 000’s of US$, unless otherwise noted Q3 2026 Q3 2025 YTD 2026 YTD 2025 Net income for the period $6,103 $7,705 $32,915 $16,183 Depreciation and depletion 1,708 940 6,516 2,736 Interest income and other (1,388) (342) (3,449) (675) Interest expense 159 27 403 218 Finance cost 104 69 435 78 Accretion of reclamation provision 70 56 204 156 Current income tax expense 4,265 3,333 15,554 8,426 Deferred income tax expense (recovery) 1,825 (329) (1,642) 1,464 EBITDA $12,846 $11,456 $50,936 $28,586 Unrealized (gain) loss on derivatives 1,153 (86) 1,837 (2,000) Share-based payments 837 1,165 3,177 2,847 Write down of equipment 31 249 49 413 Foreign exchange (gain) loss (564) (1,139) (6,234) 391 Adjusted earnings $14,303 $11,645 $49,765 $30,237 Shares outstanding (diluted) 174,526,584 157,140,213 173,906,102 154,716,640 Adjusted earnings per share $0.08 $0.07 $0.29 $0.20
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TSX: ASM NYSE American: ASM 33 A Clear Path to Transformational Growth NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz Expressed in 000’s of US$, unless otherwise noted Consolidated Q3 2026 Q3 2025 YTD 2026 YTD 2025 Cost of sales $18,553 $11,137 $48,384 30,992 Exploration expenses (881) (378) (3,057) (959) Mine preparation costs – La Preciosa (1,139) - (1,989) - Write down of equipment (31) (249) (49) (413) Depletion and depreciation (1,667) (896) (6,392) (2,616) Cash production cost $14,835 $9,615 $36,897 $27,005 Payable silver equivalent ounces sold 532,274 562,604 1,403,141 1,806,938 Cash cost per silver equivalent ounce $27.87 $17.09 $26.30 $14.95 General and administrative expenses 2,882 2,927 10,537 8,610 Treatment & refining charges 155 595 762 1,859 Penalties (58) 386 378 1,881 Sustaining capital expenditures 658 848 1,095 1,752 Exploration expenses 881 378 3,057 959 Share-based payments and G&A depreciation (879) (1,210) (3,302) (2,968) Cash operating cost $18,474 $13,539 $49,425 $39,098 AISC per silver equivalent ounce $34.71 $24.06 $35.22 $21.64
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TSX: ASM NYSE American: ASM 34 A Clear Path to Transformational Growth NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz Expressed in 000’s of US$, unless otherwise noted Q3 2026 Q3 2025 Avino La Preciosa Total Avino La Preciosa Total Cost of sales $12,484 $6,069 $18,553 $11,137 $- $11,137 Exploration expenses (436) (445) (881) (378) - (378) Mine preparation costs – La Preciosa - (1,139) (1,139) - - - Write down of equipment (31) - (31) (249) - (249) Depletion and depreciation (1,420) (247) (1,667) (896) - (896) Cash production cost $10,597 $4,238 $14,835 $9,615 $- $9,615 Payable silver equivalent ounces sold 427,861 104,413 532,274 562,604 - 562,604 Cash cost per silver equivalent ounce $24.77 $40.58 $27.87 $17.09 $- $17.09 General and administrative expenses 2,690 192 2,882 2,927 - 2,927 Treatment & refining charges 332 (177) 155 595 - 595 Penalties (58) - (58) 386 - 386 Sustaining capital expenditures 658 - 658 848 - 848 Exploration expenses 436 445 881 378 - 378 Share-based payments and G&A depreciation (793) (86) (879) (1,210) - (1,210) Cash operating cost $13,862 $4,612 $18,474 $13,539 $- $13,539 AISC per silver equivalent ounce $32.40 $44.16 $34.71 $24.06 $- $24.06
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TSX: ASM NYSE American: ASM 35 A Clear Path to Transformational Growth NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz (2026 GUIDANCE AgEq RATIOS) Expressed in 000’s of US$, unless otherwise noted Q3 2026 Q3 2025 Avino La Preciosa Total Avino La Preciosa Total Cost of sales $12,484 $6,069 $18,553 $11,137 $- $11,137 Exploration expenses (436) (445) (881) (378) - (378) Mine preparation costs – La Preciosa - (1,139) (1,139) - - - Write down of equipment (31) - (31) (249) - (249) Depletion and depreciation (1,420) (247) (1,667) (896) - (896) Cash production cost $10,597 $4,238 $14,835 $9,615 $- $9,615 Payable silver equivalent ounces sold* 458,918 107,099 566,017 553,220 - 553,220 Cash cost per silver equivalent ounce $23.09 $39.56 $26.21 $17.38 $- $17.38 General and administrative expenses 2,690 192 2,882 2,927 - 2,927 Treatment & refining charges 332 (177) 155 595 - 595 Penalties (58) - (58) 386 - 386 Sustaining capital expenditures 658 - 658 848 - 848 Exploration expenses 436 445 881 378 - 378 Share-based payments and G&A depreciation (793) (86) (879) (1,210) - (1,210) Cash operating cost $13,862 $4,612 $18,474 $13,539 $- $13,539 AISC per silver equivalent ounce $30.21 $43.05 $32.64 $24.47 $- $24.47 *2026 cost per AgEq oz guidance was calculated using metal prices of $45.30/oz Ag, $3,929/oz Au, and $4.85/lb Cu. AgEq oz sold for Q3 2026 and Q3 2025 have been recalculated using these prices for presentation and comparative purposes.
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TSX: ASM NYSE American: ASM 36 A Clear Path to Transformational Growth NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER TONNE Expressed in 000’s of US$, unless otherwise noted Consolidated Q3 2026 Q3 2025 YTD 2026 YTD 2025 Cost of sales $18,553 $11,137 $48,384 30,992 Exploration expenses (881) (378) (3,057) (959) Mine preparation costs – La Preciosa (1,139) - (1,989) - Write down of equipment (31) (249) (49) (413) Inventory adjustment (1,241) 424 1,497 1,800 Depletion and depreciation (1,667) (896) (6,392) (2,616) Cash production cost $13,594 $10,038 $38,394 $28,804 Tonnes processed 190,379 188,757 560,169 547,597 Cash cost per tonne processed $71.40 $53.18 $68.54 $52.60 General and administrative expenses 2,882 2,927 10,537 8,610 Treatment & refining charges 155 595 762 1,859 Penalties (58) 386 378 1,881 Sustaining capital expenditures 658 848 1,095 1,752 Exploration expenses 881 378 3,057 959 Share-based payments and G&A depreciation (879) (1,210) (3,302) (2,968) Cash operating cost $17,233 $13,962 $50,921 $40,897 AISC per tonne processed $90.52 $73.97 $90.90 $74.69
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TSX: ASM NYSE American: ASM 37 A Clear Path to Transformational Growth NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER TONNE Expressed in 000’s of US$ Q3 2026 Q3 2025 Avino La Preciosa Total Avino La Preciosa Total Cost of sales $12,484 $6,069 $18,553 $11,137 $- $11,137 Exploration expenses (436) (445) (881) (378) - (378) Mine preparation costs – La Preciosa - (1,139) (1,139) - - - Write down of equipment (31) - (31) (249) - (249) Inventory adjustment (1,054) (187) (1,241) 424 - 424 Depletion and depreciation (1,420) (247) (1,667) (896) - (896) Cash production cost $9,543 $4,051 $13,594 $10,038 $- $10,038 Tonnes Processed 160,140 30,239 190,379 188,757 - 188,757 Cash cost per tonne processed $59.60 $133.92 $71.40 $53.18 $- $53.18 General and administrative expenses 2,690 192 2,882 2,927 - 2,927 Treatment & refining charges 332 (177) 155 595 - 595 Penalties (58) - (58) 386 - 386 Sustaining capital expenditures 658 - 658 848 - 848 Exploration expenses 436 445 881 378 - 378 Share-based payments and G&A depreciation (793) (86) (879) (1,210) - (1,210) Cash operating cost $12,808 $4,425 $17,233 $13,962 $- $13,962 AISC per tonne processed $79.99 $146.28 $90.52 $73.97 $- $73.97
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TSX: ASM NYSE American: ASM 38 A Clear Path to Transformational Growth FREE-CASH FLOW Q3 2026 Q3 2025 YTD 2026 YTD 2025 Cash flow statement – cash provided by operating activities $12.7 M $8.3 M $39.6 M $17.4 M Cash flow statement – net changes in non-cash working capital items $(0.4) M $(1.0)M $(0.4)M $3.5 M Operating cash flows before working capital adjustments $12.3 M $7.3 M $39.2 M $20.9 M Cash flow statement – capitalized exploration and evaluation expenditures $(0.1)M $(0.1)M $(0.1)M $(0.6)M Cash flow statement – additions to plant, equipment and mining properties $(7.9)M $(3.7)M $(14.7)M $(9.0)M Free cash flow - consolidated $4.3 M $3.5 M $24.4 M $11.3 M Add Back – La Preciosa capital expenditures $1.7 M $0.9 M $4.4 M $1.9 M Free cash flow – excluding La Preciosa capital expenditures $6.0 M $4.4 M $28.8 M $13.2 M NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS
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TSX: ASM NYSE American: ASM 39 A Clear Path to Transformational Growth NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONSMINE OPERATING CASH FLOW BEFORE TAXES Q3 2026 Q3 2025 YTD 2026 YTD 2025 Statement of comprehensive income - mine operating income (gross profit) $14.8 M $9.9 M $51.2 M $30.7 M Depreciation and depletion included in cost of sales $1.7 M $0.9 M $6.4 M $1.7 M Write down of equipment and supplies and material inventory $- M $0.2 M $0.1 M $0.2 M Mine operating cash flow before taxes $16.5 M $11.0 M $57.7 M $22.7 M Q3 2026 Q3 2025 YTD 2026 YTD 2025 Cash flow statement – cash provided by operating activities $12.7 M $8.3 M $39.6 M $17.4 M Cash flow statement – net changes in non-cash working capital items (0.4)M (1.0) M (0.4)M 3.5 M Operating cash flow before non-cash working capital items $12.3 M $7.3 M $39.2 M $20.9 M Diluted shares outstanding 174.5 M 157.1 M 173.9 M 154.7 M Operating cash generated per share $0.07 $0.05 $0.23 $0.14 OPERATING CASH FLOW PER SHARE NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS
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TSX: ASM NYSE American: ASM 40 A Clear Path to Transformational Growth Footnotes Slide 4 1. “AgEq” production forecasts were made using long-term metal price forecasts at the time and material changes to these prices will impact AgEq production totals in future periods. Slide 5, 8, 14-16 1. Silver equivalent or “AgEq” was calculated using metal prices of $45.30 per oz Ag, $3,929 per oz Au and $4.85 per lb Cu. These metal prices are based on the Company’s 2026 budget as approved by the Board of Directors, and previous periods have been recalculated using these prices for comparability purposes. Calculated figures may not add up due to rounding. 2. “Silver equivalent payable ounces sold” for the purposes of cash costs and all-in sustaining costs consists of the sum of payable silver ounces, gold ounces and copper tonnes sold, before penalties, treatment charges, and refining charges, multiplied by the ratio of the average spot gold and copper prices to the average spot silver price for the corresponding period. 3. Non-IFRS Accounting Standard measure. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under IFRS Accounting Standards and the calculation methods may differ from methods used by other companies with similar reported measures. See Non-IFRS Accounting Standards Measures section for further information and detailed reconciliations. Slide 22, 29-30 Notes for UG Reserves 1. Totals may not sum due to rounding. 2. Underground Mineral Reserves as of October 31, 2025 are derived from Measured &Indicated Resources, account for depletion to that date, and are reported with a reference point of mined ore delivered to the plant. 3. Metal prices considered for the underground Mineral Reserves estimates were US$36.90/t.oz Ag, US$3,210/t.oz Au, and US$4.4/lb Cu. Other key assumptions and parameters include metal recoveries (89% Cu, 74–70% Au, and 87–80% Ag), payable factors applied on a deposit-specific basis (83–96% Ag, 95% Au, and 96.75% Cu), treatment and other smelter charges (US$134.25–68 per dry metric tonne), freight to smelter (US$45 per wet metric tonne), refining charges for silver, gold, and copper (US$0.30/oz Ag, US$6.00/oz Au, and US$0.07/lb Cu), and applicable concentrate penalties. Mining, processing, and G&A operating costs for the Gloria, Abundancia, and Martha veins were estimated at US$75.31/t, US$55.21/t, and US$60.89/t for mining; US$18.45/t for processing; and US$16.80/t for G&A, respectively, resulting in NSR breakeven cut-off values of US$110.56/t for Gloria, US$90.46/t for Abundancia, and US$96.14/t for Martha. 4. AgEQ grade is estimated considering metal price assumptions, metallurgical recovery for the corresponding mineral type/mineral process and the metal payable of the selling contract as of effective date. Notes for Oxide Tailings Reserves 1. No material change has occurred since the 2024 PFS; reviewed by the QP and remains valid under current assumptions. 2. The effective date of the Oxide Tailings Reserves Estimate is January 16, 2024. 3. Reserves estimated assuming open pit mining methods 4. Reserves are reported on a dry in-situ basis 5. Reserves are based on a gold price of US $1850/tr oz., and silver price of US $22/tr oz, mining cost of US$1.00/t mined, milling costs of US$18.00/t feed, and USG&A cost of US$3.00/t feed. 6. Mineral Reserve includes consideration for 1% mining dilution and 99% mining recovery. 7. Ore-waste cut-off was based on US$21.00/t of NSR. 8. AgEQ grade is estimated considering metal price assumptions, metallurgical recovery for the corresponding mineraltype/mineral process and the metal payable of the selling contract as of effective date. Notes for Resources 1. Totals may not sum due to rounding. 2. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 3. The Mineral Resource estimate is classified in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves incorporated by reference into NI 43-101 Standards of Disclosure for Mineral Projects (“NI-43-101”). 4. The Measured and Indicated Mineral Resources are inclusive of those Mineral Resources modified to produce the Mineral Reserves 5. Based on recent mining costs, Mineral Resources are reported for Avino at cut-offgrades of 55 g/t, 130 g/t, 100 g/t for Avino ET, Guadalupe, and La Potosina, respectively. 6. Based on recent mining costs, Mineral Resources are reported at La Preciosa Agrecovery 80%, Au Recovery 70%, Ag price $36.90/t. oz., Auprice $3,210/t. oz. Cut-off grades in silver equivalent grades (AgEQ),Avino Mine – 55 g/t, La Preciosa Underground – 120 g/t, Oxide Tailings -50 g/t.