Sustainability Report
2024
Avino Silver & Gold Mines Ltd.
Sustainability Report 2024 Contents of the Report/Page 2
Contents of the report
SECTION 1 INTRODUCTION PAGES 3 - 6
SECTION 2
OUR APPROACH - U.N. SUSTAINABILITY GOALS PAGE 7
SECTION 3
2024 SUSTAINABILITY HIGHLIGHTS
PAGE 8
SECTION 4 BUSINESS HIGHLIGHTS
PAGE 9
SECTION 5 ENVIRONMENT PAGES 10 - 17
SECTION 6
OUR PEOPLE AND COMMUNITIES PAGE 18 - 25
SECTION 7 GOVERNANCE PAGES 26 - 27
SECTION 8 MEASURING PROGRESS PAGE 28
SECTION 9 CONTACT INFORMATION
PAGE 29
Sustainability Report 2024 Section 1/Introduction/Page 3
Introduction
Forward-Looking Statements
Certain statements contained in this Sustainability Report are forward-looking statements, including our current expectations and projections about future results, performance, prospects, and opportunities. We have tried to identify these forward-looking statements by using words such as "may," "will," "expect," "anticipate," "believe," "intend," "feel," "plan," "estimate," "project," "forecast," and similar expressions. These forward-looking statements are based on information currently available to us and are expressed in good faith and believed to have a reasonable basis. 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 Sustainability Report 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 as 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.
Sustainability Report 2024
Introduction
About this report
At Avino, sustainability is more than a commitment, it is a strategic advantage that enhances our operations, helps to reduce risks, and creates long-term value for our stakeholders. As a company operating in a resource-intensive industry, we recognize that integrating sustainable practices into our business is essential for operational efficiency, investor confidence, and long-term resilience.
In this report, we highlight how our sustainability journey is maturing and advancing alongside our operational growth, evolving in step with our core business strategy. By focusing on resource efficiency, responsible supply chain management, and workplace safety, we create value today while strengthening our foundation for future growth.
The United Nations Sustainable Development Goals provide the foundation for our sustainability approach, helping us prioritize initiatives that deliver meaningful environmental, social, and economic benefits.
We understand that strong environmental, social, and governance (ESG) performance is key to maintaining our social license to operate. In parallel with our sustainability efforts, this report will also focus on the business case for sustainability-how we leverage innovation, technology, and responsible business practices to drive operational excellence and create value for our shareholders, employees, and partners.
Through these efforts, we continue to build a more efficient, resilient, and future-ready business-one that thrives by making sustainability part of success.
Section 1/Introduction/Page 4
Sustainability Report 2024
Introduction
Message from Avino's President and CEO
I am pleased to share Avino's 2024 Sustainability Report, which reflects the progress we continue to make on our sustainability journey.
As our Company grows, we are developing a sustainability strategy that evolves alongside our operations and supports our long-term business objectives. In this report, we highlight the meaningful progress achieved in 2024 as we continue to advance both our sustainability efforts and business strategy.
As a resource-focused company, we balance economic growth with responsible resource management. Our approach to sustainability is practical and operationally driven-focused on efficiency, innovation, safety, and strong governance. These efforts help mitigate risk, improve cost control, and support disciplined growth as we advance our strategy.
In 2024, the United Nations Sustainable Development Goals remain the foundation for our sustainability goals. In addition, we are proud to once again be evaluated by the Mexican Center for Philanthropy (CEMEFI), earning the ESR Distinction for a third consecutive year. These achievements serve as important reference points as we continue to evolve and strengthen our sustainability practices.
This report highlights actions taken and data compiled during the year, as we focus on our transformational growth strategy, including enhancements to operational efficiency, responsible supply chain management, and continued investment in the health, safety, and well-being of our workforce. While community engagement remains an important element of our presence in Mexico, our focus remains on strengthening our operations, managing long-term risks, and maintaining the trust of our stakeholders.
Our sustainability journey is an ongoing process of improvement, reflecting our values as we grow as a company. As we look ahead, we will integrate responsible practices into our operations while remaining responsive to evolving investor expectations, regulatory requirements, and industry standards.
I would like to thank our employees for their continued commitment to operating responsibly and efficiently. We remain focused on delivering sustainable value and look forward to reporting on our progress in the years ahead.
David Wolfin President and CEO
Section 1/Introduction/Page 5
"As our Company grows, we are developing a sustainability strategy that evolves alongside our operations and supports our long-term business objectives. In this report, we highlight the meaningful progress achieved in 2024 as we advance both our sustainability efforts and business strategy."
Sustainability Report 2024
Introduction
About Avino
Avino is a primary silver producer, developer and explorer in Mexico. We have a 5-year growth plan to become an intermediate producer by transitioning from one producing asset to three.
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. Headquartered in Vancouver, Canada, Avino Silver & Gold Mines is listed on the NYSE American:ASM and TSX:ASM.
BUSINESS STRATEGY
Our Business strategy includes sustainability, which is integrated into the way we operate, grow, and create value. We view sustainability as a strategic driver that enhances our long-term performance by reducing risks, improving efficiency, and supporting innovation.
By integrating environmental, social, and governance (ESG) considerations into our decision-making, we ensure that our business strategy is aligned with stakeholder expectations, regulatory requirements, and global sustainability trends. This includes optimizing our use of energy and materials, strengthening supply chain resilience, investing in our workforce, and maintaining the highest standards of corporate governance.
PROJECT PORTFOLIO
The Avino Mine - Production
2025 production 2.6M AgEq
La Preciosa - Development
Future silver production asset
Oxide Tailings Project - Development
Pre-feasibility study completed in 2024
Qualified Person
Section 1/Introduction/Page 6
Large Silver Equivalent Reserve and Resource Base - NI 43-101 effective date October 31, 2025
127 million AgEq oz of proven and probable mineral reserves
301 million AgEq Oz of measured and indicated mineral resources
Peter Latta, P. Eng, MBA, Avino's VP Technical Services, is a qualified person within the context of National Instrument 43-101 who has reviewed and approved the technical data in this sustainability report.
Sustainability Report 2024 Section 2/Our Approach/Page 7
Sustainable Development Goals
Our approach
The United Nation's Sustainable Development Goals serve as a guiding framework for Avino's sustainability efforts, helping the Company focus on areas where it can make meaningful contributions through responsible mining practices, environmental stewardship, workforce development, and community engagement
Sustainability Report 2024 Section 3/Sustainability Highlights/Page 8
Sustainability Highlights
All figures stated are in US dollars unless otherwise noted
$66.2 M Direct economic impact | 100% Local Mexican labor force | 514 Total number of employees and contractors |
$60 K Local community investment | 1,727 Safety and health training hours - employees and contractors | 95% Investment in local Mexican procurement on goods and services |
5,500 Number of trees planted in reforestation projects with average survival rate of 60% | 3 Recordable Injuries per 1 million hours worked Total Recordable Injury Frequency Rate (TRIFR) | 265 Community skills workshop participants |
Sustainability Report 2024 Section 4/Business Highlights/Page 9
Business Highlights
All figures stated are in US dollars unless otherwise noted
$66.2 M Direct economic impact | $36 M Operating costs | $7.8 M Employees wages and benefits |
$5.6 M Taxes paid to Mexican Government | $60 K Direct community investment | $1.2 M Land Use payments |
$20.4 M Investment in procurement spent locally within the State of Durango, Mexico | $47.6 M Investment in procurement spent within Mexico | $2.5 M Investment in procurement spent Internationally |
Sustainability Report 2024
Environment
Section 5/Environment/Page 10
Environmental responsibility is a cornerstone of sustainable resource development. As a mining company, we recognize the importance of managing our environmental footprint - from energy use to water stewardship, waste management, and land restoration. We are committed to transparently reporting our progress and continually improving our practices to support a more sustainable future.
Sustainability Report 2024
Environment
Section 5/Environment/Our Commitment/Page 11
Our commitment to sustainability is reflected in how we operate-optimizing resource use, investing in innovation, and ensuring that we meet our highest standards of safety, governance, and efficiency. By taking a proactive approach, our goal is to reduce risks, but also create opportunities for greater resilience, cost savings, and shareholder value.
Dry Stack Tailings
Saving Water
Small environmental footprint
Reducing risk Operatonal efficiency
Recycling Water
Saving Water Reducing impact on local water resources Optimizing resources to lower environmental impact
Water & Reclamation
Dam maintenance helps to protect clean water
Planting trees to support the recovery of ecosystems Preventative road maintenance- land stewardship, helps with dust generation
Automation
Energy efficiency Reduced waste Water and resource management Lower emissions or pollutants
Data-driven improvements
Sustainability Report 2024 Section 5/Environment/Dry Stack Tailings/Page 12
Environment
Dry Stack Tailings Facility
The investment we made in Avino's tailings management system is based on our commitment to safety and environmental stewardship.
We approach our tailings management with respect for the people in our communities and the environment, and we strive to meet or exceed expectations while being guided by best practice standards globally.
Our improved storing method exemplifies Avino's commitment to operational excellence and includes thorough and independent technical oversight of our facilities' design and operation.
Sustainability Report 2024 Section 5/Environment/Tailings Management/Page 13
Environment
Dry Stack Tailings Facility
Commitment to Safety and Environmental Stewardship | Why Dry Stack | No Dam | Track Record |
Our dry stack tailings facilities are designed and constructed to the highest engineering and best practice standards that meet or exceed regulatory and international requirements | Avino invested in this tailings storage method for its numerous advantages, which includes: less fresh water usage, a small environmental footprint, no engineered dam, no acid rock drainage, high stability, seismic performance, and reduced water storage. | No need for for tailings ponds or dams. Therefore, there is no risk of a dam failure. | Avino continues to be vigilant, comprehensive and responsible in how we manage tailings - rigorous oversight, ongoing monitoring , ond adherence to industry best practices. |
For more detailed information on our Dry Stack Facility, please visit the Sustainability section on our website, where you can find detailed fact sheets and videos.
Sustainability Report 2024
Environment
Water
In 2024, we strengthened our water management practices through the installation of a micro-filtration system, increasing our recycled water rate to 92%, up from 80% in 2023.
Section 5/Environment/Water/Page 14
Water recycling plays a critical role in Avino's approach to responsible resource management.
0.2 M m³ Ground water (from Mining) | 1.9 M m³ Recycled water (from Taiings) | 2.1 M m³ Total water consumption |
92% Percentage of water recycled | 3.3 tonnes m³ Water intensity by tonnes processed | 0.8 m³ per AgEq oz Water intensity by silver equivalent ounces |
0.3 tonnes m³ Fresh water intensity by tonnes processed | 0.1 m³ per AgEq oz Fresh water intensity by silver equivlent ounces | m3 = Cubic metre |
By reusing water throughout our operations, we reduce our reliance on freshwater sources, improve operational efficiency, and help preserve water resources shared with local communities. This practice supports environmental stewardship, enhances operational resilience, and contributes to the long-term sustainability of the regions where we operate.
Sustainability Report 2024
Environment
Supporting Reclamation
In 2024, we supported reclamation efforts by:
Section 5/Environment/Supporting Reclamation/Page 15
Advancing land restoration and environmental stewardship through proactive reclamation activities
Rehabilitation of 15 hectares of land surrounding our operations, which contributes to the restoration of native vegetation
Regular geotechnical maintenance which supports safe and stable performance throughout operations
5,500 trees were delivered and planted to support the recovery of ecosystems in areas near operations
Preventative road maintenance is an important part of our land stewardship approach which helps control dust generation
Sustainability Report 2024
Environment
Automation
Section 5/Environment/Automation/Page 16
Resource Efficiency
Avino continued to advance its digital transformation efforts in 2024, building on initiatives such as mill automation and the underground vehicle tracking system introduced in 2023. These technologies improved plant reliability, reduced downtime, and supported more efficient use of energy, water, and materials, contributing to record mill throughput and stronger operational performance.
Sustainability Report 2024
Environment
GHG Emissions
Section 5/Environment/GHG Emissions/Page 17
4.4 K tonne C02
Total Scope 1 GHG Emissions
10.8 K tonne C02Total Scope 2 GHG Emissions
In 2024, we began collecting and reporting GHG emissions data, creating a foundation for measuring progress in future years. As our operations and sustainability practices continue to evolve, we expect to expand our reporting to include additional measures of operational efficiency.
15.2 K tonne C02
Total Scope 1 + 2 GHG Emissions
Gathering this data will help us to better understand our performance, inform decision-making, and identify opportunities to reduce costs and emissions over time.
Enhancing this disclosure reinforces our commitment to responsible resource management, improves transparency, and supports our readiness for evolving climate-related expectations and regulations.
Scope 1 emissions represent direct emissions from sources owned or controlled by the Company, including fuel used in mining equipment and on-site operations.
Scope 2 emissions represent indirect emissions associated with purchased electricity used to power our operations.
Sustainability Report 2024 Section 6/Our People and Communities/Page 18
Locally sourced employment and community impact:
Our workforce is drawn from nearby communities, where Avino serves as a primary employer and economic anchor.
Deep-rooted, multi generational workforce:
Avino's employees are the foundation of our success, with many families spanning generations working at our operations.
Our People and Communities
Commitment to employee well-being and growth:
We invest in our people through ongoing health and safety training and professional development opportunities.
Sustainability Report 2024 Section 6/Our People/Workforce/Page 19
Our People
Avino's Workforce 2024Total Workforce Employees Contractors
Workforce
People at the core of our success: A dedicated, multi-generational workforce, with many employees' families having long-standing ties to Avino.Local employment and economic anchor: Our workforce is drawn from nearby communities, where Avino serves as a primary-and often sole-employer.
Investment in well-being and development: Ongoing health and safety training, along with professional development opportunities, support our employees' growth.
Building future generations of talent: A key CSR priority is creating opportunities for local residents and fostering "Ambassadors of Avino" through education and awareness of mining careers.
514
Workforce Gender Composition %Women 13%
Men 87%
275 239
Local workforce in Mexico100%
Sustainability Report 2024 Section 6/Our People/Health and Safety/Page 20
Our People
12
Health and Safety 10
Safety Commitment & GovernanceThe safety of our employees and contractors is a core operational priority, supported by formal policies, 8
management oversight, and site-level accountability. Our objective is to prevent fatalities, injuries, and occupational illnesses across all operations.
6
Key Safety DataTracking the following indicators helps us monitor our safety performance through industry-standards:
4
Total Recordable Injury Frequency Rate (TRIFR) Represents the number of recordable injuries that occur for every 1 million hours worked.
Lost Time Injury Frequency Rate (LTIFR) Measures the frequency of injuries that resulted in lost work time, usually standardized per 1 million hours worked.
Severity Rate 2
Number of Recordable Incidents
These metrics are regularly monitored to identify trends, mitigate risks, and drive continuous improvement.
0
Year-over-Year ImprovementIn 2024, Avino reported a reduction in total workplace incidents compared to 2023.
Continuous Improvement &TargetsWe are committed to ongoing improvement in safety performance, with a long-term objective of achieving a 0.00% incident rate across our operations.
Workforce EngagementStrong safety performance is supported by active participation from employees and contractors, reinforcing a culture of accountability, awareness, and continuous improvement across our operations.
2022 2023 2024TRIFR
40% decrease
from 2023
LTIFR
96% decrease
from 2023
TRIFR LTIFR