<SEC-DOCUMENT>0001477932-19-000436.txt : 20190212
<SEC-HEADER>0001477932-19-000436.hdr.sgml : 20190212
<ACCEPTANCE-DATETIME>20190212135833
ACCESSION NUMBER:		0001477932-19-000436
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190212
FILED AS OF DATE:		20190212
DATE AS OF CHANGE:		20190212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVINO SILVER & GOLD MINES LTD
		CENTRAL INDEX KEY:			0000316888
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35254
		FILM NUMBER:		19589799

	BUSINESS ADDRESS:	
		STREET 1:		570 GRANVILLE STREET
		STREET 2:		SUITE 900
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 3P1
		BUSINESS PHONE:		6046823701

	MAIL ADDRESS:	
		STREET 1:		570 GRANVILLE STREET
		STREET 2:		SUITE 900
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3P1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL AVINO MINES LTD
		DATE OF NAME CHANGE:	19950607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AVINO MINES & RESOURCES LTD
		DATE OF NAME CHANGE:	19950607
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>avino_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title>avino_6k.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"> <p style="MARGIN: 0px" align="center"> <table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td> <div style="HEIGHT: 4px; WIDTH: 100%; BACKGROUND: #000000; MARGIN: 0px 0px 2px" name="hrule"></div> <div style="HEIGHT: 2px; WIDTH: 100%; BACKGROUND: #000000" name="hrule"></div></td></tr></table></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="center"><font size="3"><b>UNITED STATES</b></font></p> <p style="MARGIN: 0px 0px 0px 0in" align="center"><font size="3"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></p> <p style="MARGIN: 0px 0px 0px 0in" align="center"><font size="3"><b>Washington, D.C. 20549</b></font></p> <p style="MARGIN: 0px 0px 0px 0in" align="center">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="center"><b><font size="5">FORM 6-K</font></b></p> <p style="MARGIN: 0px 0px 0px 0in" align="center">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="center"><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</b></p> <p style="MARGIN: 0px 0px 0px 0in" align="center"><b>UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p> <p style="MARGIN: 0px 0px 0px 0in" align="center">&nbsp;</p> <p style="MARGIN: 0px" align="center"><b><u>February, 2019</u></b></p> <p style="MARGIN: 0px 0px 0px 0in" align="center">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="center">Commission File Number: <b>001-35254</b></p> <p style="MARGIN: 0px">&nbsp;</p> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="50%" align="center" border="0"> <tr height="15"> <td style="BORDER-BOTTOM: 1px solid"> <p style="MARGIN: 0px 0px 0px 0in" align="center"><b><font size="5">AVINO SILVER &amp; GOLD MINES LTD.</font></b></p></td></tr></table> <p style="MARGIN: 0px 0px 0px 0in" align="center">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="center"><b><u>Suite 900, 570 Granville Street, Vancouver, BC V6C 3P1</u></b></p> <p style="MARGIN: 0px 0px 0px 0in" align="center">(Address of principal executive offices)</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. <font face="Wingdings">x </font>Form 20-F <font face="Wingdings"><font style="FONT-FAMILY: Wingdings">&#168;</font> </font>Form 40-F</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <font face="Wingdings"><font style="FONT-FAMILY: Wingdings">&#168;</font></font></p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <font face="Wingdings"><font style="FONT-FAMILY: Wingdings">&#168;</font></font></p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes&nbsp;<font face="Wingdings"><font style="FONT-FAMILY: Wingdings">&#168;</font> </font>No <font face="Wingdings">x</font></p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify"> <table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td> <div style="HEIGHT: 2px; WIDTH: 100%; BACKGROUND: rgb(0,0,0); MARGIN: 0px 0px 2px" name="hrule"></div> <div style="HEIGHT: 4px; WIDTH: 100%; BACKGROUND: rgb(0,0,0)" name="hrule"></div></td></tr></table></p> <p style="MARGIN: 0px"> <table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td class="hpbhr">&nbsp;</td></tr> <tr> <td>&nbsp;</td></tr> <tr> <td> <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr> <tr> <td>&nbsp;</td></tr></table></p> <p style="MARGIN: 0px"><b>SUBMITTED HEREWITH</b> </p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify"><b>Exhibits:</b></p> <p style="MARGIN: 0px">&nbsp; </p> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr height="15" bgcolor="#cceeff"> <td width="8%"> <p style="MARGIN: 0px 0px 0px 0in" align="justify"><a href="avino_ex991.htm">99.1</a></p></td> <td> <p style="MARGIN: 0px 0px 0px 0in" align="justify"><a href="avino_ex991.htm">News Release&nbsp;dated February 12, 2019</a></p></td></tr></table> <p style="MARGIN: 0px">&nbsp; </p> <p style="MARGIN: 0px 0px 0px 0in" align="justify"> <table id="pagebreak30e162dc-1aa2-474a-a038-8d98f0deab89" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td class="hpbhr">&nbsp;</td></tr> <tr> <td style="BORDER-BOTTOM: black 1px solid"> <p style="MARGIN: 0px" align="center">2</p></td></tr> <tr> <td> <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr> <tr> <td>&nbsp;</td></tr></table></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="center"><b>SIGNATURES</b></p> <p style="MARGIN: 0px 0px 0px 0in" align="center">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 0in" align="justify">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.&nbsp;&nbsp;</p> <p style="MARGIN: 0px">&nbsp;</p> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr height="15"> <td valign="top"></td> <td valign="top" colspan="2"> <p style="MARGIN: 0px 0px 0px 0in" align="justify"><b>AVINO SILVER &amp; GOLD MINES LTD.</b></p></td> <td valign="top"></td></tr> <tr height="15"> <td valign="top"></td> <td valign="top" colspan="2"> <p style="MARGIN: 0px 0px 0px 0in" align="justify">(Registrant)</p></td> <td valign="top"></td></tr> <tr height="15"> <td valign="top"></td> <td valign="top" colspan="2"> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"></td></tr> <tr height="15"> <td valign="top" width="50%"> <p style="MARGIN: 0px 0px 0px 0in" align="justify">Date:&nbsp;February 12, 2019</p></td> <td valign="top" width="3%"> <p style="MARGIN: 0px 0px 0px 0in" align="justify">By:</p></td> <td style="BORDER-BOTTOM: 1px solid" valign="bottom" width="35%"> <p style="MARGIN: 0px 0px 0px 0in" align="justify"><i>/s/&nbsp;Dorothy Chin</i></p></td> <td valign="top" width="12%"></td></tr> <tr height="15"> <td valign="top"></td> <td valign="top"></td> <td valign="bottom"> <p style="MARGIN: 0px 0px 0px 0in" align="justify">Dorothy Chin</p></td> <td valign="top"></td></tr> <tr height="15"> <td></td> <td> <p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p></td> <td> <p style="MARGIN: 0px 0px 0px 0in" align="justify">Corporate Secretary</p></td> <td></td></tr></table> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px"> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; font-size-adjust: none; font-stretch: normal" cellspacing="0" cols="1" cellpadding="0" width="100%" align="center" border="0"> <tr> <td style="BORDER-BOTTOM: black 1px solid"> <p style="MARGIN: 0px" align="center">3</p></td></tr></table></p> <p style="MARGIN: 0px">&nbsp;</p></BODY><!--Document Created by EDGARMaster--></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>avino_ex991.htm
<DESCRIPTION>NEWS RELEASE
<TEXT>
<html><head><title>avino_ex991.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"> <p style="MARGIN: 0px" align="right"><b>EXHIBIT 99.1</b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px"> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cols="3" cellpadding="2" width="100%" align="center" border="0"> <tr> <td> <p style="MARGIN: 0px">&nbsp;&nbsp;<img src="avino_ex991img1.jpg"></p></td> <td valign="bottom" width="22%"> <p style="MARGIN: 0px" align="right"><font color="#28628e"><b>ASM</b>: TSX/NYSE American</font></p> <p style="MARGIN: 0px" align="right"><b><font color="#28628e"></font></b>&nbsp;</p> <p style="MARGIN: 0px" align="right"><b><font color="#28628e">Avino Silver &amp; Gold Mines Ltd. </font></b></p> <p style="MARGIN: 0px" align="right"><font color="#28628e">Suite 900-570 Granville Street </font></p> <p style="MARGIN: 0px" align="right"><font color="#28628e">Vancouver, BC V6C 3P1</font></p></td> <td valign="bottom" width="15%"> <p style="MARGIN: 0px" align="right"><font color="#28628e">&nbsp;<b>T (604) 682 3701</b></font></p> <p style="MARGIN: 0px" align="right"><font color="#28628e">F (604) 682 3600</font></p> <p style="MARGIN: 0px" align="right"><font color="#28628e">www.avino.com</font></p></td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px">&nbsp; </p></td> <td> <p style="MARGIN: 0px">&nbsp;</p></td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td style="BORDER-TOP: #000000 0px solid; BORDER-RIGHT: #000000 0px solid; BORDER-BOTTOM: #000000 0px solid; BORDER-LEFT: #000000 0px solid" bgcolor="#7a7a7a" colspan="2"> <p style="MARGIN: 0px" align="center"><b style="MARGIN: 0px"><font color="white" size="4">NEWS RELEASE</font></b></p></td></tr></table></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px">February 12, 2019</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="center"><b>AVINO PROVIDES 2018 YEAR END SUMMARY AND OUTLOOK FOR 2019</b></p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><b>Avino Silver &amp; Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, &#8220;Avino&#8221; or &#8220;the Company&#8221;) </b>is pleased to provide the following 2018 year end summary and outlook for 2019 for the Avino and San Gonzalo Mines and the Bralorne Gold Mine. </p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><b>AVINO AND SAN GONZALO MINES </b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><b><i>2018 Production Highlights</i></b></p> <p style="MARGIN: 0px">&nbsp;</p> <font face="Symbol"> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="4%"> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Silver equivalent production - 2,863,753 oz*</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Silver production &#8211; 1,286,382 oz</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Gold production &#8211; 8,092 oz</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Copper production &#8211; 4,819,022 lbs</td></tr></table> <p style="MARGIN: 0px">&nbsp;</p></font> <p style="MARGIN: 0px" align="justify"><em>*AgEq was calculated using metals prices of $15.71 oz Ag, $1,270 oz Au and $2.96 lb Cu.</em></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><em>*In 2018, we also produced 43,586 silver equivalent ounces from our low grade zinc concentrate.</em><em></em></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><i>&#8220;Operationally, 2018 was a year in which we successfully achieved our goal of completing Mill Circuit 4, owing much to the Mexican Operations team and their dedication to the project. Additionally, we completed drill programs on several areas of the Avino property, which successfully outlined longer term targets that warrant further investigation and drilling.&#8221; stated David Wolfin, President and CEO. &#8220;The Company announced an updated mineral resource estimate in 2018 that increased the measured and indicated resources by 225% at the Avino property. At the Bralorne Gold Mine in British Columbia, we embarked on an exciting and comprehensive exploration drilling program, made possible by way of a Flow-Through share offering in April. Coupled with these achievements, we also endured a year that saw significantly lower metal prices that in turn forced us to implement cost reduction initiatives, which remain in place. A prudent approach to our financial health is vital to the Company&#8217;s continued success. Although we have seen a move upward in both gold and silver prices, we continue to remain cost conscious.&#8221; </i></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><b><i>2018 Operational Highlights</i></b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px"> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="4%"> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Mill Circuit 4 was completed on time and within budget, and turned over for its initial test in February 2018, and was able to achieve its rated capacity of 1,000 tpd within the first week after being commissioned in May;</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">During the start-up, testing and commissioning phase, feed for Mill Circuit 4 has come from the Avino historic above ground stockpiles. Mill Circuit 4 will transition to processing newly-mined material from San Luis once underground development is complete;</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Results from the 19-hole drill program on the Chirumbo, Guadelupe and San Juventino areas were released and showed grade continuity and further extension of the main Avino vein to the northeast, and also demonstrated additional mineralization between the current areas at Elena Tolosa and the San Gonzalo mine;</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Results from 11 holes drilled from the Avino Open Pit Mine Area from surface into the footwall and hanging wall to the main Avino vein, showed a range of gold, silver and copper grades at different widths; and</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Update Mineral Resource estimate at the Avino Property, with a 225% increase in tonnage in the measured and indicated mineral resource categories.</td></tr></table></p> <p style="MARGIN: 0px">&nbsp; <table id="pagebreakb8026a42-5c4b-4aa6-917d-3b731812694b" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td class="hpbhr">&nbsp;</td></tr> <tr> <td style="BORDER-BOTTOM: black 1px solid">&nbsp;</td></tr> <tr> <td> <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr> <tr> <td>&nbsp;</td></tr></table></p> <p style="MARGIN: 0px" align="center">&nbsp;</p> <p style="MARGIN: 0px" align="center">February 12, 2019 - Avino Silver &amp; Gold Mines Ltd. &#8211; News Release</p> <p style="MARGIN: 0px" align="center">Avino Provides 2018 Review and 2019 Outlook</p> <p style="MARGIN: 0px" align="center">Page 2</p> <p style="MARGIN: 0px" align="center">&nbsp;&nbsp;</p> <p style="MARGIN: 0px" align="justify">During the third quarter of 2018, the Company implemented cost reduction measures, and continues to work to keep production costs and cash costs competitive. These cost reduction initiatives called for a reduction in capital, operating, and administrative costs in Mexico and British Columbia, as well as the corporate offices in Vancouver.</p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify">In November, an amendment to the existing Samsung concentrate sales agreement was mutually agreed. The revised repayment arrangement with Samsung ensures a steady long-term contract for the sale of the Company&#8217;s concentrates, freeing up capital which will allow Avino to further advance and expand its projects over the next 12 months.</p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify">In December, the Company announced drill results from the Avino Open Pit Mine area in Mexico. The results from the Avino Open Pit Mine area comprised eleven short diamond drill holes, with the assays showing a promising range of gold, silver, and copper grades at different widths, which warrant further investigation. </p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px"><b>AVINO AND SAN GONZALO MINES</b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px"><b><i>2019 Outlook</i></b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Capital expenditures at Avino and San Gonzalo are expected to total US$5.0 - $6.0 million, and will include the construction of a tailings thickener, as well as an expansion to the Tailings Storage Facility (&#8220;TSF&#8221;), which is currently being studied. The Company is currently evaluating a number of metallurgical projects to help improve recovery rates as we continue to focus on optimizing output and production. We have completed a bench-scale testwork program with favourable results, with the goal of this testwork being an improvement in margins and on overall payables. Underground development at the San Luis area of the Avino Mine will continue. </p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Currently, there are no planned capital expenditures associated with the San Gonzalo Mine, as the Company plans to wind that operation down in 2019. </p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Included in the capital expenditures total above, are sustaining capital expenditures which include:</p> <p style="MARGIN: 0px">&nbsp;</p> <font face="Symbol"> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="4%"> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Further underground development at the Elena Tolosa area of the Avino Mine;</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Upgrades to existing mining infrastructure at the Avino Mine;</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Upgrades to the existing TSF, including reinforcement by way of buttressing; and</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Replacement of existing mining equipment.</td></tr></table> <p style="MARGIN: 0px">&nbsp;</p></font> <p style="MARGIN: 0px" align="justify">It is expected that sustaining capital expenditures for 2019 will be US$4.0 - $4.5 million.</p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px"><b>BRALORNE GOLD MINE </b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px"><b><i>2018 Highlights </i></b></p> <p style="MARGIN: 0px">&nbsp;</p><font face="Symbol"> <p style="MARGIN: 0px"> <table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="4%"> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">A CAD $6.0 million Flow Through share offering was announced in April for exploration expenditures at Bralorne;</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">As a result, the Company commenced the most comprehensive exploration program in the mine&#8217;s 100-year history; and</td></tr> <tr> <td> <p style="MARGIN: 0px">&nbsp;</p></td> <td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td> <td valign="top">Program included a total of 24,000 metres of drilling, structural modelling and geological mapping, airborne and ground geophysics surveys, and geochemical sampling.</td></tr></table></p> <p style="MARGIN: 0px">&nbsp;</p></font> <p style="MARGIN: 0px" align="center"> <table id="pagebreakb4da30c2-4ec6-4614-bb4f-3cc28fa3a71f" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td class="hpbhr">&nbsp;</td></tr> <tr> <td style="BORDER-BOTTOM: black 1px solid">&nbsp;</td></tr> <tr> <td> <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr> <tr> <td>&nbsp;</td></tr></table></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="center">February 12, 2019 - Avino Silver &amp; Gold Mines Ltd. &#8211; News Release</p> <p style="MARGIN: 0px" align="center">Avino Provides 2018 Review and 2019 Outlook</p> <p style="MARGIN: 0px" align="center">Page 3</p><font face="Symbol"> <p style="MARGIN: 0px" align="center">&nbsp;&nbsp;</p></font> <p style="MARGIN: 0px" align="justify">In December, the Company announced drilling results from holes targeting the 27 Vein extension. These holes confirmed the vein continuity up dip from the area of historic production. The initial assays were favourable, with the best of the three assays intercepting 29.5 g/t gold over 0.88 metres true width.</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px"><b><i>2019 Outlook</i></b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Capital expenditures expected at Bralorne will be approximately US$5.0 - $6.0 million, using the remaining $3.0 - 3.5 million in Flow-through funds, as well as approximately US$2.0 - $2.5 million of non-Flow-Through eligible expenditures to fund water treatment, ongoing environmental monitoring and camp overhead.</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">In 2018, the focus of the drill program was to increase resources in known veins and structures. In 2019, the objective is to make new discoveries in underexplored areas that share similar geological structural attributes as those around the Bralorne, Pioneer and King Mines. </p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">New conceptual insights have opened up the validity of the large block of land north-east of the Peter Vein as a host area for veins. The drill will be working in this area until mid-year. The current targeting will focus on incorporating new information to update lithological models in an area referred to as the North East Block.</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">The drilling campaign calls for 24,000 metres in total. To date, 9,187 metres have been drilled at an average production rate of 62.5 metres per day. The daily amount of metres drilled has been increasing and averaged 101 metres per day in January. </p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify">The digitization of historic data which includes 13,000 scans is nearing completion. The historic data is being catalogued for ease of reference, and will be incorporated into our Leap Frog<sup>TM</sup> modelling software.</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><b>ADDITIONAL INFORMATION</b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Avino expects to release the 2018 year-end financial results in late February 2019, and will hold a conference call to discuss the results. Details of the call, including times and contact numbers, will be announced closer to the release date.</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><b>Qualified Person(s)</b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Peter Latta, P.Eng, MBA, Senior Technical Advisor, Avino and Jasman Yee P.Eng, Avino director, both of whom are qualified persons within the context of National Instrument 43-101 have reviewed and approved the technical data in this news release. Avino&#8217;s Bralorne Gold Mine project is under the supervision of Fred Sveinson, B.A., B.Sc., P.Eng, Senior Mining Advisor, who is a qualified person within the context of National Instrument 43-101, and Mr. Garth Kirkham, P. Geo., Principal of Kirkham Geosystems Ltd., who is an &#8220;independent qualified person&#8221;, as defined by Section 1.5 of NI 43-101. Both have reviewed and approved the technical data in this news release.</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><b>About Avino</b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in Mexico and Canada employing approximately 500 people. Avino produces from its wholly owned Avino and San Gonzalo Mines near Durango, Mexico, and is currently exploring and drilling at the Bralorne Gold Mine in British Columbia, Canada. The Company&#8217;s gold and silver production remains unhedged. The Company&#8217;s mission and strategy is to create shareholder value through its focus on profitable organic growth at the historic Avino Property near Durango, Mexico, and the strategic acquisition of mineral exploration and mining properties. We are committed to managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the communities in which we operate.</p> <p style="MARGIN: 0px">&nbsp; <table id="pagebreakdd8acc0d-1349-4c85-abfa-1daf0e3c7a5e" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td class="hpbhr">&nbsp;</td></tr> <tr> <td style="BORDER-BOTTOM: black 1px solid">&nbsp;</td></tr> <tr> <td> <div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr> <tr> <td>&nbsp;</td></tr></table></p> <p style="MARGIN: 0px" align="center">&nbsp;</p> <p style="MARGIN: 0px" align="center">February 12, 2019 - Avino Silver &amp; Gold Mines Ltd. &#8211; News Release</p> <p style="MARGIN: 0px" align="center">Avino Provides 2018 Review and 2019 Outlook</p> <p style="MARGIN: 0px" align="center">Page 4</p> <p style="MARGIN: 0px" align="center">&nbsp;</p> <p style="MARGIN: 0px"><b>ON BEHALF OF THE BOARD </b></p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify"><b><i>&#8220;David Wolfin&#8221;</i></b></p> <p style="MARGIN: 0px" align="justify">________________________________ </p> <p style="MARGIN: 0px" align="justify">David Wolfin</p> <p style="MARGIN: 0px" align="justify">President &amp; CEO</p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Avino Silver &amp; Gold Mines Ltd.</p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Safe Harbor Statement - This news release contains &#8220;forward-looking information&#8221; and &#8220;forward-looking statements&#8221; (together, the &#8220;forward looking statements&#8221;) within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, including, but are not limited to, the Company&#8217;s ability to meet its production guidance, expectations of All-In Sustaining Cash Cost (&#8220;AISC&#8221;), information on the updated mineral resource estimate for the Company&#8217;s Avino Property located near Durango in west-central Mexico (the &#8220;Property&#8221;) with an effective date of February 21, 2018, and amended on December 19, 2018, prepared for the Company, and reference to Measured, Indicated, Inferred Resources referred to in this press release. These forward-looking statements are made as of the date of this news release 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. No assurance can be given that the Company&#8217;s Property does not have the amount of the mineral resources indicated in the updated report or that such mineral resources may be economically extracted.</p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify">Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold, silver and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers, directors or promoters with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the our common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.</p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px"><b>Cautionary Note Regarding Non-GAAP Measures </b></p> <p style="MARGIN: 0px">&nbsp;</p> <p style="MARGIN: 0px" align="justify">This news release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards (&#8220;IFRS&#8221;), including silver equivalent ounces (AgEq oz) of production. Non-GAAP measures do not have any standardized meaning prescribed under IFRS and, therefore, they may not be comparable to similar measures reported by other companies. We believe that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate our performance. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Readers should also refer to our management&#8217;s discussion and analysis available under our corporate profile at www.sedar.com or on our website at www.avino.com.</p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify">&nbsp;</p> <p style="MARGIN: 0px" align="justify"> <table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td style="BORDER-BOTTOM: black 1px solid">&nbsp;</td></tr></table></p> <p style="MARGIN: 0px">&nbsp;</p></BODY><!--Document Created by EDGARMaster--></html>
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#?__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
