EX-99.09 10 exhibit9.htm EX-99.09 Exhibit  EX-99.09

AVINO SILVER & GOLD MINES LTD.

CONSOLIDATED INTERIM BALANCE SHEET

April 30, 2000

(Unaudited — Prepared by Management)

                 
ASSETS   2000   1999
 
  $       $    
Current Assets
               
Cash
    6,734       12,623  
Accounts Receivable
    6,724       5,805  
Due from related parties (Note 6)
    401,116       321,862  
 
               
 
    414,574       340,290  
Mining properties (Note 2)
    3,2315,383       3,466,034  
Investments (Note 3)
    2,232,053       2,266,179  
Other assets (Note 4)
  $ 109,313       220,615  
 
               
 
    5,971,323       6,293,119  
 
               
LIABILITIES
               
Current Liabilities
               
Accounts payable and accrued liabilities
    225,089       100,805  
Debenture payable
    1,365,175       1,322,214  
 
               
 
    1,590,264       1,423,019  
 
               
SHAREHOLDERS’ EQUITY
               
Share Capital (Note 5)
    12,595,199       12,780,959  
Contributed Surplus
    184,967          
Deficit
    (8,297,238 )     (7,808,991 )
 
               
 
    4,482,928       4,971,968  
Deduct: 14,180 shares held for future disposition, at cost
    (101,869       (101,869 )
 
               
 
    4,381,059       4,870,099  
 
               
 
    5,971,323       6,293,118  
 
               

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AVINO SILVER & GOLD MINES LTD.
CONSOLIDATED INTERIM STATEMENT OF OPERATIONS AND DEFICIT
For the Three Months Ended April 30, 2000

(Unaudited — Prepared by Management)

                 
    2000   1999
 
  $       $    
Revenue
               
Equity in (loss) earning of affiliate
    163,197       (25,814 )
Interest and other in-cost
    251       1,266  
 
               
 
    163,448       (24,548 )
Expenses
               
Accounting and audit
    4,365       530  
Amortization of deferred financing costs
    8,088       8,088  
Consulting fees
    7,500       7,500  
Legal fees
    340       2,199  
Office services & supplies
    5,923       8,844  
Investor relations & communications
    2,136       3,870  
Transfer agent
    455       1,009  
Salaries & benefits
    8,048       11,393  
Travel & accommodation
    1,309          
Filing & listing fees
    700          
Interest expense
    24,386       24,655  
Foreign exchange (gain)
            (800 )
 
               
Insurance & taxes
    500          
 
               
 
    (61,741 )     (69,297 )
 
               
Net (loss) income for period
    101,707       (93,845 )
Deficit, beginning of year
    (8,398,945 )     (7,715,146 )
 
               
Deficit, end of year
    (8,297,238 )     (7,808,991 )
 
               

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AVINO SILVER & GOLD MINES LTD.
CONSOLIDATED INTERIM STATEMENT OF CHANGES IN FINANCIAL POSITION For the Three Months Ended April
30, 2000

(Unaudited — Prepared by Management)

                 
    2000   1999
 
  $       $    
Operating Activities
               
Gain (loss) for the period
    101,707       (93,845 )
 
               
Items not involving cash:
               
Amortization
    8,088       8,088  
Share of loss (income) from affiliated company
    (163,197 )     25,814  
 
               
 
    (53,402 )     (59,943 )
Changes in non-cash working capital
    59,753       (46,512 )
 
               
 
    6,351       (106,455 )
 
               
Investing Activities
               
Debentures
            (23,184 )
Resource properties
    (5,217 )     (9,995 )
 
               
 
            (33,179 )
 
               
Financing Activities
               
Debenture payable
            (17,530 )
Issuance of shares
            35,063  
 
               
 
            17,533  
 
               
Increase (decrease) in cash and equivalents
    1,134       (122,101 )
Cash, beginning of period
    5,600       134,724  
 
               
Cash, end of period
    6,734       12,623  
 
               

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AVINO SILVER & GOLD MINES LTD.
NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENT
April 30, 2000

1. Summary of significant accounting policies

Joint Venture Investments in joint ventures are accounted for by the proportionate consolidation method. At the balance sheet date the Company had a 50% interest in a joint venture with Bralorne-Pioneer Gold Mines Ltd. The accompanying financial statements include the Company’s proportionate share of the assets, liabilities and expenses of the joint venture.

2. Mineral Properties

Exploration and development expenditures incurred during the period are as follows:

                 
Balance beginning of period:
          $ 3,210,166  
Bralorne Property {r}
               
Mining supplies
    32          
Meals, accommodation & transportation
    17          
Taxes, assessment & licenses
    31          
Mine power
    1,904          
Mine office
    861          
Insurance
    2,372       5,217  
Balance end o f period
          $ 3,215,383  

3. Investments

Investments consist of:

Investments accounted for using the equity method:

         
Cia Minera Mexicana de Avino S.A. de C.V. (“Cia Minera”)
  $ 2,192,933  
 
       
Investments carried at cost:
       
Bralorne-Pioneer Gold Mines Ltd.
    25,000  
Levon Resources Ltd.
    14,120  
 
       
 
    2,232,053  
 
       

4. Other Assets

Other assets consist of:

         
Deferred financing charges related to establishing debenture payable
  $ 281,317  
Accumulated amortization
    (248,267 )
 
    33,050  
Deferred foreign exchange loss on debenture payable
    33,584  
 
       
 
    66,634  
 
    42,679  
 
       
Term deposits
  $ 109,313  
 
       

5. Share Capital

Authorized: 25,000,000 common shares without par value
Issued:

                 
    Shares   Amount
Balance, beginning of period
    4,577,686     $ 12,595,199  
Balance, end of period
    4,577,686     $ 12,595,199  

6. Related Party Transactions

Related party transactions not disclosed elsewhere in these statements are as follows:

a) During the period the company paid, or made provision for the future payment of the following amounts to related parties:

i) $30,765 to a company with two common directors for reinbursement of costs incurred on behalf of the company for administrative and exploration costs.

ii) $7,500 to a private company controlled by a Director for consulting fees.

b) Included in the accounts receivable is an amount of $321,243 due from the joint venture as disclosed in Item 1 and $79,874 due from public companies having common directors.

c) Included in the accounts payable is an amount of $31,951 due to a private company controlled by two directors as disclosed in a)i) above;

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