<SEC-DOCUMENT>0001477932-19-006747.txt : 20191121
<SEC-HEADER>0001477932-19-006747.hdr.sgml : 20191121
<ACCEPTANCE-DATETIME>20191121073049
ACCESSION NUMBER:		0001477932-19-006747
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20191121
FILED AS OF DATE:		20191121
DATE AS OF CHANGE:		20191121

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:		191235710

	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 21, 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 21, 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%"><b><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="#28628e"><b>ASM:</b> TSX/NYSE American</font></p><p style="MARGIN: 0px"><font color="#28628e"></font>&nbsp;</p><p style="MARGIN: 0px"><b><font color="#28628e">Avino Silver &amp; Gold Mines Ltd. </font></b></p><p style="MARGIN: 0px"><font color="#28628e">Suite 900-570 Granville Street </font></p><p style="MARGIN: 0px"><font color="#28628e">Vancouver, BC V6C 3P1 </font></p></td><td width="15%"><p style="MARGIN: 0px"><font color="#28628e"></font>&nbsp;</p><p style="MARGIN: 0px"><font color="#28628e"></font>&nbsp;</p><p style="MARGIN: 0px"><b><font color="#28628e">T (604) 682 3701</font></b></p><p style="MARGIN: 0px"><font color="#28628e">F (604) 682 3600</font></p><p style="MARGIN: 0px"><font color="#28628e">www.avino.com</font></p></td></tr><tr height="15"><td></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></b>November 21, 2019 <p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b style="MARGIN: 0px">AVINO NEGOTIATES SALE OF BRALORNE GOLD MINES LTD.</b></p><p style="MARGIN: 0px" align="center"><b>TO TALISKER RESOURCES LTD.</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 announce that it has entered into a definitive agreement with Talisker Resources Ltd. (&#8220;<b>Talisker</b>&#8221;) for the sale of all of the issued and outstanding shares of Bralorne Gold Mines Ltd. (&#8220;<b>Bralorne</b>&#8221;) to Talisker (the &#8220;<b>Transaction</b>&#8221;) on the closing date of the Transaction (the &#8220;<b>Closing Date</b>&#8221;), for:</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%">(i)</td><td valign="top">A cash consideration of C$8.7 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 valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top">(ii)</td><td valign="top">The issuance of common shares equal to 9.9% of the outstanding common shares of Talisker pro forma for the completion of the Transaction following any required equity financing;</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 valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top">(iii)</td><td valign="top">The issuance of warrants equal to 50% of the number of shares issued in the above, exercisable at $0.25 per share for a period of three years after the Closing Date;</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 valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top">(iv)</td><td valign="top">A cash payment of US$2.5 million, upon the commencement of commercial production at the Bralorne Mine and</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 valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top">(v)</td><td valign="top">The transfer of all future restoration and reclamation obligation liabilities to Talisker.</td></tr></tr></tr></tr></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify">David Wolfin, President and Chief Executive Officer of Avino commented, &#8220;We are pleased to announce this agreement with Talisker to transfer Avino&#8217;s ownership of Bralorne while retaining material economic exposure to the project through a significant equity investment in Talisker and the contingent cash payment payable upon the commencement of commercial production. We believe that Bralorne is best suited for a management team with deep exploration expertise and access to strategic investment capital from partners such as Osisko Gold Royalties (OR: TSX &amp; NYSE) and we look forward to seeing them advance their exploration strategy at Bralorne as a supportive shareholder. This transaction repositions Avino as a pure-play silver producer in Mexico and greatly improves our balance sheet and liquidity. We believe that Avino is vastly undervalued relative to our silver peers based on our silver equivalent production profile, relatively low production costs and extensive resource base. Now with our improved financial position resulting from this transaction, we can focus our efforts on creating value in Mexico through exploration and other initiatives. Finally, I would like to thank all our staff and contractors at Bralorne for their dedication and professionalism over the years&#8221;. </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify">The completion of the Transaction is subject to a number of conditions, and is expected to close during Q4 2019.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify">Cantor Fitzgerald Canada Corporation is acting as Avino&#8217;s Financial Advisor and Harper Grey LLP is acting as its legal advisor.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreakd582008c-7611-4d64-bb2d-3528fe49b8d3" 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; TEXT-ALIGN: center">1</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="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 close to 350 people. Avino produces from its wholly owned Avino Mine near Durango, Mexico. 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;</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><u>&#8220;David Wolfin&#8221;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></i></b></p><p style="MARGIN: 0px" align="justify"><b><em></em></b>&nbsp;</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 <u>www.sedar.com</u> or on our website at <u>www.avino.com</u>.</p><p style="MARGIN: 0px">&nbsp;</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">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">2</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>
