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RELATED PARTY TRANSACTIONS AND BALANCES | 6 Months Ended
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Jun. 30, 2021
Note 10 - RELATED PARTY TRANSACTIONS AND BALANCES |
10. | RELATED PARTY TRANSACTIONS AND BALANCES
| All related party transactions are recorded at the exchange amount which is the amount agreed to by the Company and the related party.
| (a) | Key management personnel
|  | The Company has identified its directors and certain senior officers as its key management personnel. The compensation costs for key management personnel for the three and six months ended June 30, 2021 and 2020 is as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Salaries, benefits, and consulting fees |  | $ | 265 |  |  | $ | 163 |  |  | $ | 500 |  |  | $ | 333 |
Share-based payments |  |  | 415 |  |  |  | 189 |  |  |  | 903 |  |  |  | 376 |
|  | $ | 680 |  |  | $ | 352 |  |  | $ | 1,403 |  |  | $ | 709 |
| (b) | Amounts due to/from related parties
|  | In the normal course of operations the Company transacts with companies related to Avino’s directors or officers. All amounts payable and receivable are non-interest bearing, unsecured and due on demand. The following table summarizes the amounts were due to / (from) related parties:
|  | June 30, 2021 |  |  | December 31, 2020 |
Oniva International Services Corp. |  | $ | 156 |  |  | $ | 106 |
Silver Wolf Exploration Ltd. |  |  | (46 | ) |  |  | 48 |
Intermark Capital Corp. |  |  | 21 |  |  |  | - |
Directors |  |  | 48 |  |  |  | - |
|  | $ | 179 |  |  | $ | 154 |
|  | For services provided to the Company as President and Chief Executive Officer, the Company pays Intermark Capital Corporation (“ICC”), a company controlled by David Wolfin, the Company’s president and CEO and also a director, for consulting services. For the six months ended June 30, 2021, the Company paid $120 (June 30, 2020 - $110) to ICC.
| (c) | Other related party transactions
|  | The Company has a cost sharing agreement with Oniva International Services Corp. (“Oniva”) for office and administration services. Pursuant to the cost sharing agreement, the Company will reimburse Oniva for the Company’s percentage of overhead and corporate expenses and for out-of-pocket expenses incurred on behalf of the Company. David Wolfin, President & CEO, and a director of the Company, is the sole owner of Oniva. The cost sharing agreement may be terminated with one-month notice by either party without penalty.
|  | The transactions with Oniva during the six months ended June 30, 2021 and 2020 are summarized below:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Salaries and benefits |  | $ | 187 |  |  | $ | 137 |  |  | $ | 378 |  |  | $ | 318 |
Office and miscellaneous |  |  | 77 |  |  |  | 69 |  |  |  | 182 |  |  |  | 165 |
|  | $ | 264 |  |  | $ | 206 |  |  | $ | 560 |  |  | $ | 483 |

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- Definition The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2020-01-01 -Paragraph 18 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2020-en-r&anchor=para_18&doctype=Standard -URIDate 2020-01-01 + Details
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