Avino Silver & Gold Mines Ltd. · TSX:ASM
Avino Silver & Gold Mines — Q2 2026 Earnings Presentation
26 slides from Avino Silver & Gold Mines's earnings presentation, Aug 12, 2026
Slide 1: Q2 2026 Financial Results
Q2 2026 Financial Results Conference Call & Webcast August 12, 2026 www.avino.com August 2026 TSX: ASM NYSE American: ASM
Slide 2: Cautionary Note
TSX: ASM NYSE American: ASM 2 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
Slide 3: Today's Speakers
TSX: ASM NYSE American: ASM 3 Today’s Speakers TODAY’S SPEAKERS DAVID WOLFIN, NATHAN HARTE, PRESIDENT AND CEO CHIEF FINANCIAL OFFICER A Clear Path to Transformational Growth
Slide 4: Q2 2026 Financial and Operating Performance
TSX: ASM NYSE American: ASM 4 Q2 2026 FINANCIAL AND OPERATING PERFORMANCE Avino Property La Preciosa at Night Full financial statements and MD&A are now available on the website at https://avino.com/investors/financial- statements/ Ongoing Development at La Preciosa Mine La Preciosa A Clear Path to
Slide 5: Q2 2026 Key Drivers Guiding our Success
TSX: ASM NYSE American: ASM 5 Q2 2026 Key Drivers Guiding our Success 1. Disciplined approach to financial Management and Capital Allocation – Significant Improvements across key financial metrics • Cash of $145 million • Working capital of $141 million 2. Normal Course Issuer Bid • Repurchased and
Slide 6: Production Results – Consolidated
TSX: ASM NYSE American: ASM 6 Production Results – Consolidated Q2 Q2 YTD YTD Change Change 2026 2025 2026 2025 Total Mill Feed (dry tonnes) 184,293 190,987 -4% 369,790 358,840 3% Feed Grade Silver (g/t) 67 55 22% 62 56 10% Feed Grade Gold (g/t) 0.51 0.39 30% 0.47 0.46 1% Feed Grade Copper (%) 0.30
Slide 7: Production Results – By Operations
TSX: ASM NYSE American: ASM 7 Production Results – By Operations Three months ended June 30, 2026 Six months ended June 30, 2026 Avino La Preciosa Total Avino La Preciosa Total 155,650 28,643 184,293 Total Mill Feed (dry tonnes) 327,049 42,741 369,790 51 153 67 Feed Grade Silver (g/t) 49 159 62 0.54
Slide 8: Financial Highlights – Q2 2026
TSX: ASM NYSE American: ASM 8 FINANCIAL HIGHLIGHTS – Q2 2026 Financial and Operating Results • Quarterly revenues of $26.8M • 54% of revenues generated from silver ounces sold, over 90% from precious metals • 48% gross profit margin, 54% on a cash basis • Net income after taxes – $10.9M ($0.06/share
Slide 9: Financial Results
TSX: ASM NYSE American: ASM 9 FINANCIAL RESULTS FINANCIAL RESULTS Q2 2026 Q2 2025 Change YTD 2026 Q4 2025 Change Revenues $26.8 M $21.8 M 23% $66.2 M $40.6 M 63% Gross profit (mine operating income) $13.0 M $10.2 M 27% $36.4 M $20.8 M 75% Net income $10.9 M $2.9 M 281% $26.8 M $8.5 M 216% Net income
Slide 10: Operating Metrics
TSX: ASM NYSE American: ASM 10 OPERATING METRICS FINANCIAL RESULTS Q2 2026 Q2 2025 Change Avino La Preciosa Cash cost per AgEq oz* $28.62 $15.11 89% $28.04 $32.29 All-in sustaining cash cost (“AISC”) per AgEq oz* $38.75 $20.93 85% $37.44 $47.06 Cash cost per tonne processed* $74.72 $52.61 42% $64.17
Slide 11: Return to Primary Silver
TSX: ASM NYSE American: ASM 11 RETURN TO PRIMARY SILVER Production by Metal 100% 15% 16% 9% 90% 17% 80% 31% 17% 24% 20% 70% 24% 60% 19% 50% 40% 30% 68% 64% 67% 58% 49% 20% 10% 0% 2025 2026 2027 2028 2029 Silver Gold Copper A Clear Path to Transformational Growth
Slide 12: 2026 Key Goals and 2025 Milestones
TSX: ASM NYSE American: ASM 12 2026 Key Goals and 2025 Milestones La Preciosa • 15,000 metres budgeted - Exploration for 2026 • Increased production – Goal of 500 tonnes per day • Updated Mineral Reserve and Resource estimate – April 2026 • AI Integration of all data for resource/reserve expansion a
Slide 13: Advancing CSR Programs
TSX: ASM NYSE American: ASM 13 Advancing CSR Programs • Strong and lasting relationships with local communities and workforce built over decades • Avino workforce of 707 including 580 unionized workers, employees, and contractors • La Preciosa workforce of 127 • Operations make a meaningful contribu
Slide 14: Medium-Term Outlook: 8–10Moz AgEq Producer
TSX: ASM NYSE American: ASM 14 Medium-Term PRODUCTION Outlook: PROFILE BY 8PROJECT – 10Moz AgEq Producer – 5 YEAR GROWTH TARGET Building a platform for sustained silver production growth 9,000,000 8,000,000 Pathway to 10+ Million Silver Equivalent Ounces • 2026 Production Guidance: 2.4M–2.7M AgEq oz
Slide 15: Thank You Questions?
TSX: ASM NYSE American: ASM 15 THANK YOU Questions? Avino Silver & Gold Mines Ltd. T: 604-682-3701 F: 604-682-3600 Suite 900 – 570 Granville Street Vancouver, BC V6C 3P1 www.avino.com A Clear Path to Transformational Growth
Slide 16: Appendix A
TSX: ASM NYSE American: ASM 16 APPENDIX A IFRS ACCOUNTING STANDARDS TO NON- GAAP MEASURES RECONCILIATIONS A Clear Path to Transformational Growth
Slide 17: EBITDA & Adjusted Earnings
TSX: ASM NYSE American: ASM 17 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS EBITDA & ADJUSTED EARNINGS Expressed in 000’s of US$, unless otherwise noted Q2 2026 Q2 2025 YTD 2026 YTD 2025 Net income for the period $10,899 $2,864 $26,812 $8,481 Depreciation and depletion 1,471 925 4,808 1,
Slide 18: Cash Cost & AISC per Payable AgEq Oz
TSX: ASM NYSE American: ASM 18 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz Expressed in 000’s of US$, unless otherwise noted Consolidated Q2 2026 Q2 2025 YTD 2026 YTD 2025 Cost of sales $13,816 $11,851 $29,831 $19,855 Exploration expenses (1,288) (30
Slide 19: Cash Cost & AISC per Payable AgEq Oz
TSX: ASM NYSE American: ASM 19 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz Expressed in 000’s of US$, unless otherwise noted Q2 2026 Q2 2025 Avino La Preciosa Total Avino La Preciosa Total Cost of sales $11,184 $2,632 $13,816 $11,851 $- $11,851 Explo
Slide 20: Cash Cost & AISC per Payable AgEq Oz (2026 Guidance Ratios)
TSX: ASM NYSE American: ASM 20 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz (2026 GUIDANCE AgEq RATIOS) Expressed in 000’s of US$, unless otherwise noted Q2 2026 Q2 2025 Avino La Preciosa Total Avino La Preciosa Total Cost of sales $11,184 $2,632 $13,
Slide 21: Cash Cost & AISC per Tonne
TSX: ASM NYSE American: ASM 21 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER TONNE Expressed in 000’s of US$, unless otherwise noted Consolidated Q2 2026 Q2 2025 YTD 2026 YTD 2025 Cost of sales $13,816 $11,851 $29,831 $19,855 Exploration expenses (1,288) (307) (2,176)
Slide 22: Cash Cost & AISC per Tonne
TSX: ASM NYSE American: ASM 22 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER TONNE Expressed in 000’s of US$ Q2 2026 Q2 2025 Avino La Preciosa Total Avino La Preciosa Total Cost of sales $11,184 $2,632 $13,816 $11,851 $- $11,851 Exploration expenses (584) (704) (1,288
Slide 23: Free-Cash Flow
TSX: ASM NYSE American: ASM 23 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS FREE-CASH FLOW Q2 2026 Q2 2025 YTD 2026 YTD 2025 Cash flow statement – cash provided by operating activities $13.3 M $8.4 M $26.9 M $9.1 M Cash flow statement – net changes in non-cash working capital items $(5.0
Slide 24: Non-IFRS Mine Operating Measures
TSX: ASM NYSE American: ASM 24 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS NON-IFRS MINE ACCOUNTING STANDARDS OPERATING MEASURES CASH FLOW BEFORE -TAXES RECONCILIATIONS Q2 2026 Q2 2025 YTD 2026 YTD 2025 Statement of comprehensive income - mine operating income (gross $13.0 M $10.2 M $36
Slide 25: Footnotes
TSX: ASM NYSE American: ASM 25 Footnotes Slide 5 – 11 1. “AgEq” was calculated using metal prices of $45.30 per oz Ag, $3,929 per oz Au and $4.85 per lb Cu. Calculated figures may not add up due to rounding. 2. “Silver equivalent payable ounces sold” for the purposes of cash costs and all-in sustain
Slide 26: Thank you for joining our Q2 2026 Webcast & Conference Call
Thank you for joining our Q2 2026 Webcast & Conference Call Thank you! For more information Visit our website at: www.avino.com A Clear Path To Transformational Growth August 2026 TSX: ASM NYSE American: ASM
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