<SEC-DOCUMENT>0001477932-19-006235.txt : 20191108
<SEC-HEADER>0001477932-19-006235.hdr.sgml : 20191108
<ACCEPTANCE-DATETIME>20191107192559
ACCESSION NUMBER:		0001477932-19-006235
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20191107
FILED AS OF DATE:		20191108
DATE AS OF CHANGE:		20191107

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:		191201776

	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="left"><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" align="left">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="3">UNITED STATES</font></b></p><p style="MARGIN: 0px" align="center"><b><font size="3">SECURITIES AND EXCHANGE COMMISSION</font></b></p><p style="MARGIN: 0px" align="center"><b><font size="3">Washington, D.C. 20549</font></b></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>November, 2019</u></b></p><p style="MARGIN: 0px" align="center"><b><u></u></b>&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="center">Commission File Number: <b>001-35254</b></p><p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" 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><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="center">&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 style="FONT-FAMILY: Wingdings">&#168; </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 style="FONT-FAMILY: Wingdings">&#168;</font></p><p style="MARGIN: 0px 0px 0px 0in" align="justify"><font face="Wingdings"><font style="FONT-FAMILY: Wingdings"></font></font>&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">&#168;</font></p><p style="MARGIN: 0px 0px 0px 0in" align="justify"><font face="Wingdings"><font style="FONT-FAMILY: Wingdings"></font></font>&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 <font style="FONT-FAMILY: Wingdings">&#168; </font>No <font face="Wingdings">x</font></p><p style="MARGIN: 0px 0px 0px 0in" align="justify"><font face="Wingdings"></font>&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" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr"></td></tr><tr><td></td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr><tr><td></td></tr></table></p><p style="MARGIN: 0px">&nbsp;</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><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr height="15" bgcolor="#cceeff"><td width="8%"><p style="MARGIN: 0px" align="justify"><a href="avino_ex991.htm">99.1</a></p></td><td><p style="MARGIN: 0px" align="justify"><a href="avino_ex991.htm">News Release dated&nbsp;November 7, 2019</a></p></td></tr></table></p><p style="MARGIN: 0px" align="justify"><table id="pagebreak8a6475c4-c674-49e1-a497-6a2ead97383b" 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"><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. </p><p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" 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"></td><td valign="top"></td></tr><tr height="15"><td valign="top" width="50%"><p style="MARGIN: 0px 0px 0px 0in" align="justify">Date: November 7, 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/ 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></td><td><p style="MARGIN: 0px 0px 0px 0in" align="justify">Corporate Secretary</p></td><td></td></tr></table></p><p style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" 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></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="2" cellpadding="0" width="100%" align="center" border="0"><tr><td width="60%"><p style="MARGIN: 0px"><img src="avino_ex991img4.jpg"></p></td><td width="25%"><p style="MARGIN: 0px"><font color="#408080"><b>ASM:</b> TSX/NYSE American</font></p><p style="MARGIN: 0px"><font color="#408080"></font>&nbsp;</p><p style="MARGIN: 0px"><b><font color="#408080">Avino Silver &amp; Gold Mines Ltd. </font></b></p><p style="MARGIN: 0px"><font color="#408080">Suite 900-570 Granville Street </font></p><p style="MARGIN: 0px"><font color="#408080">Vancouver, BC V6C 3P1 </font></p></td><td width="15%"><p style="MARGIN: 0px"><font color="#408080"></font>&nbsp;</p><p style="MARGIN: 0px"><font color="#408080"></font>&nbsp;</p><p style="MARGIN: 0px"><b><font color="#408080">T (604) 682 3701</font></b></p><p style="MARGIN: 0px"><font color="#408080">F (604) 682 3600</font></p><p style="MARGIN: 0px"><font color="#408080">www.avino.com</font></p></td></tr><tr height="15"><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="#808080" 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">November 7, 2019</p><p style="MARGIN: 0px" align="center"><b><font size="3">Avino Reports Q3 2019 Financial Results</font></b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Avino Silver &amp; Gold Mines Ltd. (ASM: TSX/NYSE American; FSE: GV6, "Avino" or "the Company")</b> released today its consolidated financial results for the Company&#8217;s third quarter ended September 30, 2019. The Financial Statements and Management Discussion and Analysis (MD&amp;A) can be viewed on the Company&#8217;s web site at www.avino.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify">During Q3 2019, Avino generated lower revenues, a mine operating loss, and a net loss after taxes compared to Q3 2018, directly related to the winding down of the San Gonzalo mine, as well as lower than expected production from the Avino mine due seasonal heavy rains. The grades at San Gonzalo continued to decrease which resulted in decreased ounces sold and correspondingly, increased costs per ounce. The costs at the Avino Mine also increased on a per ounce basis in Q3 2019 compared to Q3 2018, as a result of grade variation in the current mining areas, as well as the timing of concentrate sales which were slightly offset by an increase in realized metal prices and improvement in mill recoveries. The Company had a larger than average concentrate inventory balance of $4.8 million, of which the majority was sold subsequent to the end of the third quarter 2019, which is expected to have a positive impact on the Company&#8217;s Q4 2019 revenue. </p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>THIRD QUARTER 2019 HIGHLIGHTS </b></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px"><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">Generated revenues of $6.8 million from the sale of concentrates</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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Mine operating loss of $0.2 million</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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Net loss after taxes of $1.6 million, or a loss of $0.02 per share</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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Silver equivalent production of 570,220 ounces<sup>1</sup>, including 221,928 ounces of silver, 1,448 ounces of gold and 1,381,924 pounds of copper</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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Total consolidated cash cost<sup>2</sup> was $12.74 per silver equivalent payable ounce<sup>1</sup></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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Consolidated all-in sustaining cash cost (&#8220;AISC&#8221;)<sup>2</sup> was $15.56 per silver payable equivalent ounce<sup>1</sup></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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Working capital of $10.1 million, up 12% compared to Q3 2018</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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Earnings before interest, taxes, depreciation and amortization (&#8220;EBITDA&#8221;)<sup>2</sup> was a loss of $1.6 million</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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Adjusted EBITDA was a loss of $0.1 million</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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Cash of $2.9 million was on hand at the end of the quarter, and approximately $6.0 million as of today</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><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">G&amp;A expenditures reduced by 23% compared to Q3 2018, and by 29% year to date 2019, compared to year to date 2018</td></tr></tr></tr></tr></tr></tr></tr></tr></tr></tr></tr></table>&nbsp;</font></p><p style="MARGIN: 0px" align="justify"><i>1. In Q3, 2019, AgEq was calculated using metals prices of $16.98 oz Ag, $1,472 oz Au and $2.63&nbsp;lb Cu. In Q3, 2018, AgEq was calculated using metals prices of $15.00 oz Ag, $1,213 oz Au and $2.77&nbsp;lb Cu. Calculated figures may not add up due to rounding.</i></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>2. The Company reports non-IFRS measures which include cash cost per silver equivalent ounce, all-in sustaining cash cost per ounce, and cash flow per share. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and the calculation methods may differ from methods used by other companies with similar reported. </i></p><p style="MARGIN: 0px" align="justify"><em></em>&nbsp;</p><p style="MARGIN: 0px" align="justify"><table id="pagebreakfacd9f59-0926-42fa-9847-f13bf333522f" 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;&nbsp;</p><p style="MARGIN: 0px" align="center">Avino Silver &amp; Gold Mines Ltd. <b>&#8211; </b>November 7, 2019</p><p style="MARGIN: 0px" align="center">Avino Reports Q3 2019 Financial Results</p><p style="MARGIN: 0px" align="center">Page 2</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&#8220;During the third quarter of 2019, our financials were impacted due to decreasing consolidated silver and gold feed grades, minor production interruptions as a result of delays due to heavy seasonal rain, together with the winding down of San Gonzalo&#8221; said David Wolfin, President and CEO. &#8220;On a positive note, we were encouraged by the increase in throughput and recoveries at the Avino Mine, the progression of the Open Pit tailings storage work, which is now operational and receiving tailings. In addition, the transition to increased production at the Avino Mine together with its higher-grade zones, should help us return to profitability in the fourth quarter of 2019 and 2020. In addition, in 2020 the Avino Mine will transition from the development style mining to full scale production mining to feed all four circuits. We will be using the Long Hole Retreat mining method which we anticipate will lower our mining costs on a consolidated basis.&#8221;</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b><u>Operational Highlights</u></b></p><p style="MARGIN: 0px">&nbsp;</p><table style="BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; WIDTH: 100%; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px 0px 0px 1pt"><b>HIGHLIGHTS</b></p><p style="MARGIN: 0px 0px 0px 1pt"><b><i>(Expressed in US$)</i></b><i></i></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px 0px 0px 0in" align="center"><b>Third Quarter <br>2019</b></p></td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px 0px 0px 0in" align="center"><b>Third Quarter<br>2018</b></p></td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px 0px 0px 0in" align="center"><b>Change</b></p></td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px" align="center"><b>YTD </b></p><p style="MARGIN: 0px" align="center"><b>2019</b></p></td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px" align="center"><b>YTD </b></p><p style="MARGIN: 0px" align="center"><b>2018</b></p></td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px" align="center"><b>Change</b></p></td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr bgcolor="#c0c0c0"><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: #000000 0px solid" valign="top"><p style="MARGIN: 0px 0px 0px 1pt"><b>Operating </b></p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-RIGHT: #000000 0px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td valign="top" width="34%"><p style="MARGIN: 0px 0px 0px 1pt">Tonnes Milled</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" width="8%" align="right">202,664</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" width="8%" align="right">193,645</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" width="8%" align="right">5</td><td valign="bottom" width="1%">%</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" width="8%" align="right">601,224</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" width="8%" align="right">476,893</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" width="8%" align="right">26</td><td valign="bottom" width="1%">%</td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Silver Ounces Produced</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">221,928</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">342,151</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-35</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">738,007</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">975,073</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-24</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Gold Ounces Produced</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">1,448</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">2,204</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-34</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">4,880</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">6,004</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-19</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Copper Pounds Produced</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">1,381,924</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">992,271</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">39</td><td valign="bottom">%</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">3,580,739</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">3,443,264</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">4</td><td valign="bottom">%</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Silver Equivalent Ounces<sup>1</sup> Produced</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">570,220</td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">704,429</td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">-19</td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">1,788,402</td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">2,099,980</td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">-15</td><td style="BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr bgcolor="#c0c0c0"><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: #000000 0px solid" valign="top"><p style="MARGIN: 0px 0px 0px 1pt"><b>Concentrate Sales and Cash Costs</b></p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-TOP: #000000 0px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-TOP: #000000 0px solid; BORDER-RIGHT: #000000 0px solid; BORDER-BOTTOM: black 1px solid; PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Silver Equivalent Payable Ounces Sold<sup>3</sup></p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">503,742</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">715,606</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-30</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">1,645,263</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">1,928,359</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-15</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Cash Cost per Silver Equivalent Payable Ounce<sup>1,2,3</sup></p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">12.74</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">9.69</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">31</td><td valign="bottom">%</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">11.63</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">9.46</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">23</td><td valign="bottom">%</td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 0in">All-in Sustaining Cash Cost per Silver Equivalent Payable Ounce<sup>1,2,3</sup></p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">15.56</td><td style="PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">11.15</td><td style="PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">40</td><td style="PADDING-BOTTOM: 1px" valign="bottom">%</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">14.08</td><td style="PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">11.12</td><td style="PADDING-BOTTOM: 1px" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">27</td><td style="PADDING-BOTTOM: 1px" valign="bottom">%</td></tr></table><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>1. In Q3, 2019, AgEq was calculated using metals prices of $16.98 oz Ag, $1,472 oz Au and $2.63 lb Cu. In Q3, 2018, AgEq was calculated using metals prices of $15.00 oz Ag, $1,213 oz Au and $2.77 lb Cu. Calculated figures may not add up due to rounding.</i></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>2. &#8220;Silver equivalent ounces sold&#8221; for the purposes of cash costs and all-in sustaining costs consists of the sum of silver ounces, gold ounces and copper tonnes sold multiplied by the ratio of the average spot gold and copper prices to the average spot silver price for the corresponding period.</i></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>3. The Company reports non-IFRS measures which include cash cost per silver equivalent ounce, all-in sustaining cash cost per ounce, and cash flow per share. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and the calculation methods may differ from methods used by other companies with similar reported measures.</i></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b><u>Financial Highlights</u></b></p><p style="MARGIN: 0px">&nbsp;</p><table style="BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; WIDTH: 100%; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; BORDER-LEFT: black 1px solid" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px 0px 0px 1pt"><b>HIGHLIGHTS</b></p><p style="MARGIN: 0px 0px 0px 1pt"><b><i>(Expressed in 000&#8217;s of US$)</i></b><i></i></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px 0px 0px 0in" align="center"><b>Third Quarter 2019</b></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px 0px 0px 0in" align="center"><b>Third Quarter 2018</b></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px 0px 0px 0in" align="center"><b>Change</b></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px" align="center"><b>YTD </b></p><p style="MARGIN: 0px" align="center"><b>2019</b></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px" align="center"><b>YTD </b></p><p style="MARGIN: 0px" align="center"><b>2018</b></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="hdcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="center"><p style="MARGIN: 0px" align="center"><b>Change</b></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr bgcolor="#c0c0c0"><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p style="MARGIN: 0px 0px 0px 0in"><b>Financial</b></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td valign="top" width="34%"><p style="MARGIN: 0px 0px 0px 1pt">Revenues</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%">$</td><td id="ffcell" valign="bottom" width="8%" align="right">6,796</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%">$</td><td id="ffcell" valign="bottom" width="8%" align="right">8,516</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" width="8%" align="right">-20</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;%</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%">$</td><td id="ffcell" valign="bottom" width="8%" align="right">21,320</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%">$</td><td id="ffcell" valign="bottom" width="8%" align="right">25,848</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="1%"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" width="8%" align="right">-18</td><td valign="bottom" width="1%"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Mine Operating Income (Loss)</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(177</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">657</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-127</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">175</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">4,919</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-96</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Net Income (Loss)</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(1,642</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(1,012</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-62</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(2,418</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">645</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-475</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Cash </p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">2,881</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">7,068</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-59</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">2,881</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">7,068</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-59</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Working Capital </p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">10,120</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">9,052</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">12</td><td valign="bottom">%</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">10,120</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">9,052</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">12</td><td valign="bottom">%</td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Earnings (Loss) before interest, taxes and amortization (&#8220;EBITDA&#8221;)<sup>1</sup></p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(1,575</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">264</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-697</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(917</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">4,756</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-119</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Adjusted EBITDA<sup>1</sup></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">(136</td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom">)</td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">535</td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">-125</td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">328</td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom">$</td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">4,435</td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right">-93</td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr bgcolor="#c0c0c0"><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p style="MARGIN: 0px 0px 0px 0in"><b>Per Share Amounts</b></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" style="BORDER-BOTTOM: black 1px solid" valign="bottom" align="right"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Earnings per Share ("EPS") &#8211; Basic</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(0.02</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(0.02</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(0.04</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">0.01</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-457</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr><tr><td valign="top"><p style="MARGIN: 0px 0px 0px 1pt">Cash Flow per Share (YTD)<sup>1 </sup>&#8211; Basic</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">0.00</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">(0.01</td><td valign="bottom">)</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">100</td><td valign="bottom">%</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">0.00</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom">$</td><td id="ffcell" valign="bottom" align="right">0.04</td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom"><p style="MARGIN: 0px">&nbsp;</p></td><td id="ffcell" valign="bottom" align="right">-100</td><td valign="bottom"><p style="MARGIN: 0px">%&nbsp;</p></td></tr></table><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>1. The Company reports non-IFRS measures which include cash cost per silver equivalent payable ounce, all-in sustaining cash cost per payable ounce, EBITDA, adjusted EBITDA, and cash flow per share. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and the calculation methods may differ from methods used by other companies with similar reported measures. See Non-IFRS Measures section for further information and detailed reconciliations. </i></p><p style="MARGIN: 0px" align="justify"><em></em>&nbsp;</p><p style="MARGIN: 0px" align="justify"><table id="pagebreakc56b0bfa-bbb3-4767-960e-ce749528eb85" 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">Avino Silver &amp; Gold Mines Ltd. <b>&#8211; </b>November 7, 2019</p><p style="MARGIN: 0px" align="center">Avino Reports Q3 2019 Financial Results</p><p style="MARGIN: 0px" align="center">Page 3</p><p style="MARGIN: 0px" align="center">&nbsp;</p><em></em><b>Financial Results </b><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">The Company generated revenues of $6.8 million during Q3 2019, which was 20% lower than Q3 2018. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Mine operating loss was $0.2 million during Q3 2019, compared to mine operating income of $0.7 million in the same period of 2018. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">During Q3 2019, the Company reported a net loss of $1.6 million or a loss per share of $0.02, compared to a net loss of $1.0 million or $0.02 loss per share in Q3 2018. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><b>Operational Results</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Silver equivalent production for Q3 2019 decreased by 19% to 570,220 oz<sup>1</sup> compared to 704,429 oz<sup>1</sup> in Q3 2018. Silver production for Q3 2019 decreased 35% to 221,928 oz<sup>1</sup> compared to 342,151 oz<sup>1</sup> in Q3 2018. Gold production for Q3 2019 decreased by 34% to 1,448 oz compared to 2,204 oz in the corresponding period of 2018. Copper production increased by 39% to 1,381,924 lbs compared to 992,271 lbs in Q3 2018. Total mill feed processed during Q3 2019 increased 5% to 202,664 dry tonnes which comprised 122,208 tonnes from Avino, 17,800 tonnes from San Gonzalo and 62,656 tonnes from the Historic Above Ground Stockpiles.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Production results above are reflective of the decreasing consolidated silver and gold feed grades, minor production interruptions as a result of delays due to heavy seasonal rain, and processing the lower grade remaining stockpiles from past production.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Mill Circuit 1 continued to process material from the San Gonzalo Mine, Mill Circuit 2 and Mill Circuit 4 processed material from the Avino Mine, and Mill Circuit 3 processed material from the Avino Historic Above Ground &#8220;AHAG&#8221; Stockpiles. As at the date of this release, we have now finished processing San Gonzalo ore and have transitioned to processing Hanging Wall Breccia (HWB) material in Mill Circuit 1. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">At the Avino Mine, silver equivalent ounces<sup>1</sup> produced during Q3 2019 totalled 418,352 which was 12% higher compared to 372,601 during Q3 2018.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">On a quarterly basis, copper feed grades increased by 10%, while gold feed grade decreased by 42% and silver grades decreased by 28%. The change in grades was due to variability in the deposit.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Recovery rates for silver and gold in Q3 2019 increased compared to Q3 2018, with a 3% increase in silver recovery and a 10% increase in gold recovery, while the recovery rate for copper was down 6%.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">At the San Gonzalo Mine, silver equivalent ounces<sup>1</sup> produced during Q3 2019 totaled 56,203 representing a decrease of 64% compared to 155,990 in Q3 2018. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">During Q3 2019, silver and gold feed grades at San Gonzalo declined by 75% and 65%, respectively, compared to Q3 2018. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">In Q3 2019, Mill Circuit 3 processed 62,656 tonnes of the AHAG Stockpiles, which represents a 29% decrease in throughput compared to Q3 2018. The feed grade for silver, gold and copper all decreased by 25%, 28%, and 9% respectively. Recoveries for silver decreased by 1%, although the recovery rates for gold and copper increased by 3% and 5% respectively.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Operational Achievements</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">The Company continues to look for ways to optimize the process to expand margins with continuous improvements being made to the metallurgical process control programs which should improve efficiencies. The Tailings Storage Facility (&#8220;TSF&#8221;) location and capacity continued to be a high priority for management. The Open-Pit is currently permitted for tailings deposition, with a portion of the pit ready for use. The Company is pleased that the Open-Pit is now receiving tailings. The Tailings Thickener installation was completed during Q1 2019, and we are pleased to report that upgrades to the flocculent additions system were completed in Q3 2019 and have resulted in decreased reagent use. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">The processing of zinc through Mill Circuit 1 was restarted during Q3 2019 to take advantage of high zinc zones in the remaining San Gonzalo material. This zinc production did help offset the lower silver grades we saw in the primary San Gonzalo material, and this concentrate should be sold in Q4 2019.</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><table id="pagebreak12d87527-3747-4ece-95e0-4f6a27344d59" 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">Avino Silver &amp; Gold Mines Ltd. <b>&#8211; </b>November 7, 2019</p><p style="MARGIN: 0px" align="center">Avino Reports Q3 2019 Financial Results</p><p style="MARGIN: 0px" align="center">Page 4</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b>Costs and Capital Expenditures</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Consolidated cash costs per AgEq ounce<sup>1,2</sup> during Q3 2019 were $12.74, while the all-in sustaining cash costs per AgEq ounce<sup>1,2</sup> during Q3 2019 were $15.56 compared to $9.69 and $11.15, respectively, during Q3 2018, an increase of 31% for cash costs and a 40% increase in the all-in sustaining cash costs due to grade variation in the current mining areas of the Avino Mine, lower ounces sold and the significantly higher cash costs at San Gonzalo due to the declining grades. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">All-in sustaining cash costs<sup>2</sup> at San Gonzalo during Q3 2019 was $40.98 per AgEq ounce<sup>1</sup> compared to $12.09 during Q3 of 2018. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">All-in sustaining cash costs<sup>2</sup> at Avino during Q3 2019 were $18.12 per AgEq ounce<sup>1</sup>, compared to $11.09 realized during Q3 2018, the increases attributable to the grade variation in the current mining areas and lower ounces sold.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">All-in sustaining cash costs<sup>2</sup> for AHAG stockpiles during Q3 2019 was $7.25 per AgEq ounce<sup>1</sup>, compared to $9.94 in Q3 2018.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">On a consolidated basis, the Company reduced its G&amp;A expenditures by 23% in Q3 2019 compared to Q3 2018.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Capital expenditures company-wide during the nine months ended September 30, 2019, were $7.3 million compared to $10.9 million for the corresponding period of 2018. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Capital expenditures at the Avino property mainly relate to the membrane for the previously mentioned Open-Pit area for holding tailings, buttressing for the existing TSF, and moderate upgrades to the Tailings Thickener, crushing circuit and metallurgical improvements. Exploration capital expenditures at Bralorne mine amounted to $4.7 million YTD.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Bralorne Mine Update</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify">Avino continued its exploration and drilling campaign at Bralorne in Q3 2019 using flow through funds that were raised in April of 2018. These funds are available to be used by December 31, 2019. The budget for the program was CDN $6.4M, and an estimated CDN $5.7 million has been spent as of September 30, 2019 to target new discoveries in unexplored portions of the property. We have currently drilled 29,000 metres of what was intended to be a 28,000 to 30,000 metre drill program and we are expected to continue drilling through to the end of the year. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify">The goal of current exploration is to target underexplored portions of known veins as well as to target new discoveries in nearby underexplored areas that share similar geological structural attributes to the Bralorne, Pioneer and King Mines.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify">Detailed results from the 2018 &#8211; 2019 drill campaign can be found in press releases dated December 17, 2018 and April 1, 2019 on the Avino website under the news tab or on the Company&#8217;s profiles on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com or the SEC&#8217;s website at www.sec.gov, as applicable. Preliminary results from Phase two are also outlined in the April 1, 2019 news release. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify"><b>Non-IFRS Measures<i></i></b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify">The financial results in this news release include references to cash flow per share, cash cost per silver equivalent ounce, and all-in sustaining cash cost per silver equivalent ounce, EBITDA and adjusted EBITDA, all of which are non-IFRS measures. Cash flow per share, cash cost per ounce, and all-in sustaining cash cost per ounce are measures developed by mining companies in an effort to provide a comparable standard of performance. However, there can be no assurance that our reporting of these non-IFRS measures is similar to that reported by other mining companies. Cash flow per share, cash cost per silver equivalent ounce, and all-in sustaining cash cost per silver equivalent ounce are measures used by the Company to manage and evaluate operating performance of the Company&#8217;s mining operations, and are widely reported in the silver and gold mining industry as benchmarks for performance, but do not have standardized meanings prescribed by IFRS, and are disclosed in addition to the prescribed IFRS measures provided in the Company&#8217;s financial statements and MD&amp;A.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><b>Conference Call and Webcast </b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">In addition, the Company will be holding a conference call and webcast on Friday, November 8, 2019 at 8:00 am PST (11:00 am EST). </p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><table id="pagebreak6848d09b-82cb-4893-aa69-cc43c83ef0cf" 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;&nbsp;</p><p style="MARGIN: 0px" align="center">Avino Silver &amp; Gold Mines Ltd. <b>&#8211; </b>November 7, 2019</p><p style="MARGIN: 0px" align="center">Avino Reports Q3 2019 Financial Results</p><p style="MARGIN: 0px" align="center">Page 5</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Shareholders, analysts, investors and media are invited to join the webcast and conference call by logging in here Avino Third Quarter 2019 Webcast and Conference Call or by dialing the following numbers five to ten minutes prior to the start time:</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Toll Free Canada &amp; USA: 1-800-319-4610</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Outside of Canada &amp; USA: 1-604-638-5340</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">No passcode is necessary to participate in the conference call or webcast; participants will have the opportunity to ask questions during the Q&amp;A portion. The conference call and webcast will be recorded, and the replay will be available on the Company's web site later that day.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><b>Qualified Person(s)</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" 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 document. Avino&#8217;s Bralorne 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.</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><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" align="justify">Avino Silver &amp; Gold Mines Ltd.</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>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.</i></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>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.</i></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><table id="pagebreakc01982e7-51f4-4f49-9496-f5b5ce47ac11" 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">Avino Silver &amp; Gold Mines Ltd. <b>&#8211; </b>November 7, 2019</p><p style="MARGIN: 0px" align="center">Avino Reports Q3 2019 Financial Results</p><p style="MARGIN: 0px" align="center">Page 6</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>Cautionary Note Regarding Non-GAAP Measures</i></p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><i>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.</i></p><p style="MARGIN: 0px" align="justify"><em></em>&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 class="hpbhr">&nbsp;</td></tr><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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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
