Avino Silver & Gold Mines Ltd. · TSX:ASM
Avino Silver & Gold Mines — Q3 2026 Earnings Presentation
27 slides from Avino Silver & Gold Mines's earnings presentation, Nov 5, 2026
Slide 1: Q3 2026 Financial Results
Q3 2026 Financial Results www.avino.com Conference Call & Webcast November 5, 2026 November 5, 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: Q3 2026 Financial and Operating Performance
TSX: ASM NYSE American: ASM 4 Q3 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: Q3 2026 Key Drivers Guiding our Success
TSX: ASM NYSE American: ASM 5 Q3 2026 Key Drivers Guiding our Success 1. Increasing Consolidated Silver Production • 15% YoY increase in silver production from La Preciosa • 55% revenue from silver ounces sold 2. La Preciosa Development – Ramping Up for Production Mining • Over 3,000 metres complete
Slide 6: Production Results – Consolidated
TSX: ASM NYSE American: ASM 6 Production Results – Consolidated Q3 Q3 YTD YTD Change Change 2026 2025 2026 2025 190,379 188,757 1% Total Mill Feed (dry tonnes) 560,169 547,597 2% 72 52 38% Feed Grade Silver (g/t) 65 54 21% 0.42 0.43 -1% Feed Grade Gold (g/t) 0.45 0.45 0% 0.43 0.39 10% Feed Grade Cop
Slide 7: Production Results – By Operations
TSX: ASM NYSE American: ASM 7 Production Results – By Operations Three months ended September 30, Nine months ended September 30, 2026 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
Slide 8: Corporate Highlights – TSX30 Recognition
TSX: ASM NYSE American: ASM 8 Corporate Highlights – TSX30 Recognition • Second consecutive year to be ranked fifth among the top-performing companies on the TSX, based on dividend-adjusted share price appreciation over the three-year period. • For the three years ended June 30, 2026, Avino's share
Slide 9: Financial Highlights – Q3 2026
TSX: ASM NYSE American: ASM 9 FINANCIAL HIGHLIGHTS – Q3 2026 Financial and Operating Results • Quarterly revenues of $33.4M • 55% of revenues generated from silver ounces sold • 44% gross profit margin, 49% on a cash basis • Net income after taxes – $6.1M ($0.03/share) • Adjusted earnings* – $14.3M
Slide 10: Financial Results
TSX: ASM NYSE American: ASM 10 FINANCIAL RESULTS 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 incom
Slide 11: Operating Metrics
TSX: ASM NYSE American: ASM 11 OPERATING METRICS La Q3 OPERATING RESULTS – Q3 2026 Avino Total Change Preciosa 2025 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 $
Slide 12: Production Profile – Return to Primary Silver Revenue Mix by Metal
TSX: ASM NYSE American: ASM 12 Production Profile – Return to Primary Silver Revenue Mix by Metal 100% 15% 10% 90% 18% 31% 15% 80% 17% 70% 24% 60% 20% 50% 40% 75% 68% 30% 58% 49% 20% 10% 0% 2025 2026 2027 LT Target Silver Gold Copper A Clear Path to Transformational Growth
Slide 13: 2026 Key Goals and 2025 Milestones
TSX: ASM NYSE American: ASM 13 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 al
Slide 14: Community Relationships and a Growing Workforce
TSX: ASM NYSE American: ASM 14 Community Relationships and a Growing Workforce • Avino is committed to responsible mining practices and supporting the communities where we operate • Strong and lasting relationships with local communities and workforce built over decades • Workforce of over 700 union
Slide 15: Medium-Term Outlook: 8–10Moz AgEq Producer
TSX: ASM NYSE American: ASM 15 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: 2.2M–2.5M AgEq oz
Slide 16: Thank You Questions?
TSX: ASM NYSE American: ASM 16 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 17: Appendix A: IFRS to Non-GAAP Measures Reconciliations
TSX: ASM NYSE American: ASM 17 APPENDIX A IFRS ACCOUNTING STANDARDS TO NON- GAAP MEASURES RECONCILIATIONS A Clear Path to Transformational Growth
Slide 18: Reconciliations: EBITDA & Adjusted Earnings
TSX: ASM NYSE American: ASM 18 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 $16,183 Depreciation and depletion 1,708 940 6,516 2,
Slide 19: Cash Cost & AISC per Payable AgEq Oz
TSX: ASM NYSE American: ASM NON-IFRS ACCOUNTING STANDARDS MEASURES 19 - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz Expressed in 000’s of US$, unless otherwise noted Consolidated Q3 2026 Q3 2025 YTD 2026 YTD 2025 Cost of sales $18,553 $11,137 $48,384 30,992 Exploration expenses (881) (378)
Slide 20: Cash Cost & AISC per Payable AgEq Oz
TSX: ASM NYSE American: ASM NON-IFRS ACCOUNTING STANDARDS MEASURES 20 - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz Expressed in 000’s of US$, 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 $- $11,137 Explo
Slide 21: Cash Cost & AISC per Payable AgEq Oz (2026 Guidance Ratios)
TSX: ASM NYSE American: ASM 21 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER PAYABLE AgEq Oz (2026 GUIDANCE AgEq RATIOS) Expressed in 000’s of US$, unless otherwise noted Q3 2026 Q3 2025 Avino La Preciosa Total Avino La Preciosa Total Cost of sales $12,484 $6,069 $18,
Slide 22: Cash Cost & AISC per Tonne
TSX: ASM NYSE American: ASM 22 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER TONNE Expressed in 000’s of US$, unless otherwise noted Consolidated Q3 2026 Q3 2025 YTD 2026 YTD 2025 Cost of sales $18,553 $11,137 $48,384 30,992 Exploration expenses (881) (378) (3,057) (9
Slide 23: Cash Cost & AISC per Tonne
TSX: ASM NYSE American: ASM 23 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS CASH COST & AISC PER TONNE Expressed in 000’s of US$ 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)
Slide 24: Reconciliations: Free Cash Flow
TSX: ASM NYSE American: ASM 24 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS 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.
Slide 25: Reconciliations: Mine Operating Cash Flow Before Taxes
TSX: ASM NYSE American: ASM 25 NON-IFRS ACCOUNTING STANDARDS MEASURES - RECONCILIATIONS NON-IFRS MINE ACCOUNTING STANDARDS OPERATING MEASURES CASH FLOW BEFORE -TAXES RECONCILIATIONS Q3 2026 Q3 2025 YTD 2026 YTD 2025 Statement of comprehensive income - mine operating income (gross $14.8 M $9.9 M $51.
Slide 26: Footnotes
TSX: ASM NYSE American: ASM 26 Footnotes Slide 6 – 12 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 27: Thank you for joining our Q3 2026 Webcast & Conference Call
Thank you for joining our Q3 2026 Webcast & Conference Call Thank you! For more information Visit our website at: www.avino.com A Clear Path To Transformational Growth November 5, 2026 TSX: ASM NYSE American: ASM
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