Avino Silver & Gold Mines Ltd. · TSX:ASM
Avino Silver & Gold Mines — Q2 2021 Earnings Presentation
15 slides from Avino Silver & Gold Mines's earnings presentation, Aug 12, 2021
Slide 1: Q2 2021 Financial Results Conference Call & Webcast
Since 1968. A Proven Model for Growth. Q2 2021 FINANCIAL RESULTS Conference Call & Webcast August 12, 2021
Slide 2: Cautionary Disclaimer: Forward-Looking Statements
ASM: TSX/NYSE American www.avino.com 2 CAUTIONARY DISCLAIMER: FORWARD-LOOKING STATEMENTS Safe Harbor Statement - This webinar contains “forward-looking information” and “forward-looking statements” (together, the “forward looking statements”) within the meaning of applicable securities laws and the
Slide 3: Today's Speakers
ASM: TSX/NYSE American www.avino.com TODAY’S SPEAKERS David Wolfin, President and CEO Nathan Harte, CFO 3
Slide 4: Q2 2021 Financial and Operating Performance
ASM: TSX/NYSE American www.avino.com 4 Q2 2021 FINANCIAL AND OPERATING PERFORMANCE Full financial statements and MD&A are now available on the website at https://avino.com/investors/financial- statements/ 4
Slide 5: Q2 2021 – Focus
ASM: TSX/NYSE American www.avino.com 5 Q2 2021 – FOCUS • Focused on work and activities at the minesite necessary for resumption of operations and included: • Hiring mine workers • Upgrades to improve recoveries • Re-establishing, testing of mill circuits • Clean up of equipment, grounds and facilit
Slide 6: Q2 2021 - Exploration
ASM: TSX/NYSE American www.avino.com 6 Q2 2021 - EXPLORATION • Infill drilling the oxide tailings resource • 200 holes planned, 57 have been drill at the end of Q2 • Other areas of testing included: • Neustra, Senora and the San Jorge veins .
Slide 7: Q2 2021 – Operations and Production
ASM: TSX/NYSE American www.avino.com 7 Q2 2021 – OPERATIONS AND PRODUCTION • On August 3, 2021, we announced that operations were resuming at the mine • Necessary steps were taken over the last few months in order to finally have the positive outcome that we have all been waiting for • During Q2, li
Slide 8: Metals and Mining Outlook
ASM: TSX/NYSE American www.avino.com 8 METALS AND MINING OUTLOOK • We believe in a positive outlook for Silver • According to the Silver Institute¹, global demand for silver will rise to 1.025 billion ounces in 2021, the highest in eight years, led by investments in industrial and investment-grade p
Slide 9: Dry Stack Tailings
ASM: TSX/NYSE American www.avino.com 9 DRY STACK TAILINGS • Continued moving forward with the permitted dry-stack, tailings storage facility (“TSF#2”): • Concrete foundations poured for the building that will house the filter presses needed • Project will be completed during the fourth quarter of 20
Slide 10: Q2 2021 - ESG Initiatives
ASM: TSX/NYSE American www.avino.com 10 Q2 2021 - ESG INITIATIVES • Multiple social governance policies were implemented • An updated Health & Safety plan which includes: • Medical department on site • Regular site inspections to mitigate health risk to our workers
Slide 11: Financial Position – Second Quarter 2021
ASM: TSX/NYSE American www.avino.com 11 FINANCIAL POSITION – SECOND QUARTER 2021 KEY HIGHLIGHTS: • Debt Reduction since beginning 2020 – $9 million • Working Capital at June 30, 2021 – $30.4 million • Cash Balance at June 30, 2021 – $26.8 million • Avino expects to be debt-free (excluding payables a
Slide 12: Key Operating & Financial Information
ASM: TSX/NYSE American www.avino.com 12 KEY OPERATING & FINANCIAL INFORMATION FINANCIAL RESULTS Q2 2021 Q2 2020 YTD 2021 YTD 2020 Revenues $- M $4.8 M $- M $12.0M Mine operating income (losses) $-1.0 M $0.8 M $-1.7 M $1.6 M EBITDA(1) $-2.9 M $-0.8 M $-4.6 M $-0.4 M Adjusted earnings/(losses)(1) $-0.
Slide 13: Financial Outlook
ASM: TSX/NYSE American www.avino.com 13 FINANCIAL OUTLOOK • Over $30 million in liquidity, including our investment holdings • Cash represents 8x outstanding debt • Well positioned for the future
Slide 14: Q3 2021 Plans
ASM: TSX/NYSE American www.avino.com 14 Q3 2021 PLANS To date, 9,200 metres have been drilled, and the breakdown of this drilling is as follows: • 2,469 metres at the Avino vein • 1,717 metres at the Santiago vein • 1,568 metres at El Trompo vein • 820 metres at the La Malinche vein • 340 metres at
Slide 15: Thank You – Questions?
ASM: TSX/NYSE American www.avino.com 15 THANK YOU QUESTIONS? Avino Silver & Gold Mines Ltd. T: 604-682-3701 F: 604-682-3600 Suite 900 – 570 Granville Street Vancouver, BC V6C 3P1 www.avino.com
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