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TERM FACILITY | 12 Months Ended
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Dec. 31, 2020
Note 13 - TERM FACILITY | In July 2015, the Company entered into a ten million dollar term facility with Samsung C&T U.K. Limited (“Samsung”). Interest is charged on the facility at a rate of US dollar LIBOR (3 month) plus 4.75%. The agreement was later amended in 2018 to extend the repayment period and modify the monthly payments. Other material terms of the facility remained unchanged. The Company is currently repaying the remaining balance in monthly instalments of $278 ending September 2021, with 9 remaining payments as at December 31, 2020. The Company is committed to selling Avino Mine concentrate on an exclusive basis to Samsung until December 31, 2024. The facility is secured by the concentrates produced under the agreement and by 33% of the common shares of the Company’s subsidiary Compañía Minera Mexicana de Avino, S.A. de C.V. The facility with Samsung relates to the sale of concentrates produced from the Avino Mine only. The continuity of the term facility with Samsung is as follows:
|  | December 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Balance, beginning |  | $ | 5,897 |  |  | $ | 6,900 |
Repayments |  |  | (3,333 | ) |  |  | (833 | )
Unwinding of fair value adjustment |  |  | (51 | ) |  |  | (170 | )
Balance, ending |  |  | 2,513 |  |  |  | 5,897 |
Less: Current portion |  |  | (2,513 | ) |  |  | (3,384 | )
Non-current portion |  | $ | - |  |  | $ | 2,513 |

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2019-03-27 + Details
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