0000316888 false--12-31 2022-03-31 Q1 2022 true false 14180 3939000 0 0 3880000 0 0 59000 0.20 0.20 11053000 11052000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1000 1 4 4 9 1 4 58599000 0 0 22924000 13038000 8856000 0 0 595000 0 0 294000 0 0 335000 0 0 267000 0 0 14240000 0 0 4944000 0 0 18613000 0 0 6667000 11778000 1896000 0 0 1950412 0.80 2839000 1.68 1439477 1.32 84000 26000 333000 330000 0000316888 2022-01-01 2022-03-31 0000316888 avino:OlympicClaimsMember 2022-03-01 2022-03-31 0000316888 avino:AvinoMember 2022-03-01 2022-03-31 0000316888 avino:CantorFitzgeraldCanadaCorporateMember 2022-03-31 0000316888 avino:LongTermInvestmentsMember avino:PriceRiskMember 2021-01-01 2021-12-31 0000316888 avino:PriceRiskMember 2021-01-01 2021-12-31 0000316888 avino:ForeignCurrencyRisKMember 2021-01-01 2021-12-31 0000316888 avino:LongTermInvestmentsMember avino:PriceRiskMember 2022-01-01 2022-03-31 0000316888 avino:ForeignCurrencyRisKMember 2022-01-01 2022-03-31 0000316888 avino:PriceRiskMember 2022-01-01 2022-03-31 0000316888 avino:LiquiditysRisksMember 2022-03-31 0000316888 avino:LevelThreeOfFairValueHierarchyMember 2022-03-31 0000316888 avino:LevelTwoOfFairValueHierarchyMember 2022-03-31 0000316888 avino:LevelOneOfFairValueHierarchyMember 2022-03-31 0000316888 avino:CanadianDollarsMember 2021-12-31 0000316888 avino:MexicanPesosMember 2021-12-31 0000316888 avino:CanadianDollarsMember 2022-03-31 0000316888 avino:MexicanPesosMember 2022-03-31 0000316888 avino:LatersThanOneYearsAndNotLatersThanFiveYearsMember 2022-03-31 0000316888 avino:MoreThanFiveYearsMember 2022-03-31 0000316888 avino:FinancialInstrumentsMember 2022-03-31 0000316888 avino:LessThanOneYearMember 2022-03-31 0000316888 avino:LatersThanFiveYearsMember 2021-01-01 2021-12-31 0000316888 avino:LatersThanFiveYearsMember 2022-01-01 2022-03-31 0000316888 avino:LatersThanOneYearsAndNotLatersThanFiveYearsMember 2021-01-01 2021-12-31 0000316888 avino:LatersThanOneYearsAndNotLatersThanFiveYearsMember 2022-01-01 2022-03-31 0000316888 avino:NotLatersThanOneYearsMember 2021-01-01 2021-12-31 0000316888 avino:NotLatersThanOneYearsMember 2022-01-01 2022-03-31 0000316888 avino:ShareCapitalMember 2021-01-01 2021-03-31 0000316888 avino:ShareCapitalMember 2022-01-01 2022-03-31 0000316888 avino:ShareCapitalMember 2021-01-01 2021-12-31 0000316888 avino:ShareCapitalTwoMember 2021-12-31 0000316888 avino:ShareCapitalMember 2021-12-31 0000316888 avino:ShareCapitalMember 2022-03-31 0000316888 avino:ShareCapitalMember 2021-03-31 0000316888 avino:ShareCapitalTwoMember 2021-01-01 2021-12-31 0000316888 avino:EarninglossPerShareMember 2022-01-01 2022-03-31 0000316888 avino:EarninglossPerShareMember 2021-01-01 2021-03-31 0000316888 avino:AugustFourTwoThousandTwentyMember avino:RestrictedShareUnitsMember 2022-01-01 2022-03-31 0000316888 avino:AugustTwentyOneTwoThousandNinteenMember avino:RestrictedShareUnitsMember 2022-01-01 2022-03-31 0000316888 avino:MarchTwentyThreeTwoThousandTwentyTwoMember avino:RestrictedShareUnitsMember 2022-01-01 2022-03-31 0000316888 avino:RestrictedShareUnitsMember 2022-03-31 0000316888 avino:RestrictedShareUnitsMember 2022-01-01 2022-03-31 0000316888 avino:RestrictedShareUnitsMember 2021-01-01 2021-12-31 0000316888 avino:RestrictedShareUnitsMember 2020-12-31 0000316888 avino:RestrictedShareUnitsMember 2021-12-31 0000316888 avino:AugustFourTwoThousandTwentyFiveMember avino:StockOptionsMember 2022-01-01 2022-03-31 0000316888 avino:MarchTwentyFiveTwoThousandTwentySevenMember avino:StockOptionsMember 2022-01-01 2022-03-31 0000316888 avino:AugustTwentyOneTwoThousandTwentyFourMember avino:StockOptionsMember 2022-01-01 2022-03-31 0000316888 avino:AugustTwentyEightTwoThousandTwentyThreeMember avino:StockOptionsMember 2022-01-01 2022-03-31 0000316888 avino:SeptemberTwentyTwoThousandTwentyTwoMember avino:StockOptionsMember 2022-01-01 2022-03-31 0000316888 avino:StockOptionsMember 2022-03-31 0000316888 avino:StockOptionsMember 2021-01-01 2021-12-31 0000316888 avino:StockOptionsMember 2022-01-01 2022-03-31 0000316888 avino:StockOptionsMember 2021-12-31 0000316888 avino:StockOptionsMember 2020-12-31 0000316888 avino:ManagementsestimateMember 2021-12-31 0000316888 avino:ManagementsestimateMember 2022-03-31 0000316888 avino:ManagementsEtimateOneMember 2021-12-31 0000316888 avino:ManagementsEtimateOneMember 2022-03-31 0000316888 avino:ManagementsEtimateOneMember 2021-01-01 2021-12-31 0000316888 avino:ManagementsEtimateOneMember 2022-01-01 2022-03-31 0000316888 avino:SeptemberTwentyOneTwoThousandTwentyThreeMember 2022-01-01 2022-03-31 0000316888 avino:SeptemberTwentyFiveTwoThousandTwentyThreeMember 2022-01-01 2022-03-31 0000316888 avino:SeptemberTwentyFiveTwoThousandTwentyThreeMember 2021-12-31 0000316888 avino:SeptemberTwentyOneTwoThousandTwentyThreeMember 2022-03-31 0000316888 avino:SeptemberTwentyFiveTwoThousandTwentyThreeMember 2022-03-31 0000316888 avino:WarrantsMember 2022-03-31 0000316888 avino:WarrantsMember 2021-01-01 2021-12-31 0000316888 avino:WarrantsMember 2022-01-01 2022-03-31 0000316888 avino:WarrantsMember 2020-12-31 0000316888 avino:WarrantsMember 2021-12-31 0000316888 avino:ICCMember 2021-01-01 2021-03-31 0000316888 avino:ICCMember 2022-01-01 2022-03-31 0000316888 avino:OnivaInternationalServicesCorpMember 2022-01-01 2022-03-31 0000316888 avino:OnivaInternationalServicesCorpMember 2021-01-01 2021-03-31 0000316888 avino:SilverWolfExplorationLtdMember 2021-12-31 0000316888 avino:DirectorsMember 2021-12-31 0000316888 avino:DirectorsMember 2022-03-31 0000316888 avino:OnivaInternationalServicesCorpMember 2021-12-31 0000316888 avino:OnivaInternationalServicesCorpMember 2022-03-31 0000316888 avino:BuildingMember 2022-03-31 0000316888 avino:BuildingMember 2022-01-01 2022-03-31 0000316888 avino:BuildingMember 2021-01-01 2021-12-31 0000316888 avino:BuildingMember 2021-12-31 0000316888 avino:BuildingMember 2020-12-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2022-03-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2022-01-01 2022-03-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2021-01-01 2021-12-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2021-12-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2020-12-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2022-03-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2022-01-01 2022-03-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2021-01-01 2021-12-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2021-12-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2020-12-31 0000316888 avino:ComputerEquipmentsMember 2022-03-31 0000316888 avino:ComputerEquipmentsMember 2022-01-01 2022-03-31 0000316888 avino:ComputerEquipmentsMember 2021-01-01 2021-12-31 0000316888 avino:ComputerEquipmentsMember 2021-12-31 0000316888 avino:ComputerEquipmentsMember 2020-12-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2022-03-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2022-01-01 2022-03-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2021-01-01 2021-12-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2021-12-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2020-12-31 0000316888 avino:MiningsPropertyMember 2022-03-31 0000316888 avino:MiningsPropertyMember 2021-01-01 2021-12-31 0000316888 avino:MiningsPropertyMember 2022-01-01 2022-03-31 0000316888 avino:MiningsPropertyMember 2021-12-31 0000316888 avino:MiningsPropertyMember 2020-12-31 0000316888 avino:MineralesMember avino:DurangoMexicoMember avino:UnificationLaPlatosaPropertiesMember 2022-01-01 2022-03-31 0000316888 avino:DurangoMexicoMember avino:UnificationLaPlatosaPropertiesMember 2012-01-01 2012-12-31 0000316888 avino:DurangoMexicoMember avino:UnificationLaPlatosaPropertiesMember 2022-01-01 2022-03-31 0000316888 avino:ConcessionOneMember avino:DurangoMexicoMember avino:SantiagoPapasquiaroPropertyMember 2022-03-31 0000316888 avino:DurangoMexicoMember avino:SantiagoPapasquiaroPropertyMember 2022-03-31 0000316888 avino:NineConcessionsMember avino:DurangoMexicoMember avino:GomezPalacioPropertyMember 2022-03-31 0000316888 avino:AvinoMineAreaPropertyMember avino:OneConcessionsMember avino:DurangoMexicoMember 2022-03-31 0000316888 avino:AvinoMineAreaPropertysMember avino:TwentyFourConcessionsMember avino:DurangoMexicoMember 2022-03-31 0000316888 avino:AvinoMineAreaPropertyMember avino:FourConcessionsMember avino:DurangoMexicoMember 2022-03-31 0000316888 avino:EaglePropertyOptionAgreementMember avino:MayoMiningDivisionMember avino:YukonCanadaMember 2022-01-01 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:SecondAnniversaryMember 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:FirstAnniversaryMember 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:FourthAnniversaryMember 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:OptionAgreementMember 2022-01-01 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:FourthAnniversaryMember 2022-01-01 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:ThirdAnniversaryMember 2022-01-01 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:SecondAnniversaryMember 2022-01-01 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:FirstAnniversaryMember 2022-01-01 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember 2022-01-01 2022-03-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2022-03-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2022-01-01 2022-03-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2021-01-01 2021-12-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2020-12-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2021-12-31 0000316888 avino:LaPreciosaMexicoMember 2022-03-31 0000316888 avino:LaPreciosaMexicoMember 2021-01-01 2021-12-31 0000316888 avino:LaPreciosaMexicoMember 2022-01-01 2022-03-31 0000316888 avino:LaPreciosaMexicoMember 2020-12-31 0000316888 avino:LaPreciosaMexicoMember 2021-12-31 0000316888 avino:AvinoMexicoMember 2022-03-31 0000316888 avino:AvinoMexicoMember 2022-01-01 2022-03-31 0000316888 avino:AvinoMexicoMember 2021-01-01 2021-12-31 0000316888 avino:AvinoMexicoMember 2021-12-31 0000316888 avino:AvinoMexicoMember 2020-12-31 0000316888 2021-01-01 2021-12-31 0000316888 avino:SilverWolfExplorationLtdMember avino:WarrantsMember 2021-12-31 0000316888 avino:SilverWolfExplorationLtdMember avino:WarrantsMember 2021-03-26 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2021-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2021-01-01 2021-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2022-01-01 2022-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2020-12-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2021-12-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2021-03-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2022-03-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2022-01-01 2022-03-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2021-01-01 2021-03-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2020-12-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2021-12-31 0000316888 avino:AvinoMember 2022-01-01 2022-03-31 0000316888 avino:CoeurMember 2022-01-01 2022-03-31 0000316888 avino:GloriaAndAbundanciaMember 2022-01-01 2022-03-31 0000316888 avino:CompaniaMineraMexicanaDeAvinoSADeCVIndirectEffectiveMember 2022-01-01 2022-03-31 0000316888 avino:CompaniaMineraMexicanaDeAvinoSADeCVIndirectMember 2022-01-01 2022-03-31 0000316888 avino:CompaniaMineraMexicanaDeAvinoSADeCVDirectMember 2022-01-01 2022-03-31 0000316888 avino:CervantesLLPMember 2022-01-01 2022-03-31 0000316888 avino:ProyectosMinerosLaPreciosaSAdeCVMember 2022-01-01 2022-03-31 0000316888 avino:LaPreciosaSilverGoldMinesLtdMember 2022-01-01 2022-03-31 0000316888 avino:LaLunaSilverGoldMinesLtdMember 2022-01-01 2022-03-31 0000316888 avino:PromotoraAvinoSADeCVMember 2022-01-01 2022-03-31 0000316888 avino:NuevaVizcayaMiningSAdeCVMember 2022-01-01 2022-03-31 0000316888 avino:OnivaSilverAndGoldMinesSADeCVMember 2022-01-01 2022-03-31 0000316888 avino:CompaniaMineraMexicanaDeAvinoMember 2022-01-01 2022-03-31 0000316888 ifrs-full:RetainedEarningsMember 2022-03-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2022-03-31 0000316888 ifrs-full:TreasurySharesMember 2022-03-31 0000316888 avino:EquityReservesMember 2022-03-31 0000316888 avino:CommonStockMember 2022-03-31 0000316888 ifrs-full:RetainedEarningsMember 2022-01-01 2022-03-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-03-31 0000316888 avino:EquityReservesMember 2022-01-01 2022-03-31 0000316888 avino:CommonStockMember 2022-01-01 2022-03-31 0000316888 ifrs-full:RetainedEarningsMember 2021-12-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000316888 ifrs-full:TreasurySharesMember 2021-12-31 0000316888 avino:EquityReservesMember 2021-12-31 0000316888 avino:CommonStockMember 2021-12-31 0000316888 2021-03-31 0000316888 ifrs-full:RetainedEarningsMember 2021-03-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-03-31 0000316888 ifrs-full:TreasurySharesMember 2021-03-31 0000316888 avino:EquityReservesMember 2021-03-31 0000316888 avino:CommonStockMember 2021-03-31 0000316888 ifrs-full:RetainedEarningsMember 2021-01-01 2021-03-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-03-31 0000316888 ifrs-full:TreasurySharesMember 2021-01-01 2021-03-31 0000316888 avino:EquityReservesMember 2021-01-01 2021-03-31 0000316888 avino:CommonStockMember 2021-01-01 2021-03-31 0000316888 2020-12-31 0000316888 ifrs-full:RetainedEarningsMember 2020-12-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000316888 ifrs-full:TreasurySharesMember 2020-12-31 0000316888 avino:EquityReservesMember 2020-12-31 0000316888 avino:CommonStockMember 2020-12-31 0000316888 2021-01-01 2021-03-31 0000316888 2022-03-31 0000316888 2021-12-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure utr:acre avino:integer iso4217:CAD iso4217:CAD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

May, 2022

Commission File Number: 001-35254

AVINO SILVER & GOLD MINES LTD.

Suite 900, 570 Granville Street, Vancouver, BC V6C 3P1

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. ☒ Form 20-F ☐ Form 40-F

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): ☐

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): ☐

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 ☐ No ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

Explanatory Note

Avino Silver & Gold Mines Ltd. (the “Company”) is furnishing this Form 6-K to provide its consolidated financial statements for the three months ended March 31, 2022 and 2021 and Management Discussion and Analysis related thereto as filed in the SEDAR filing system on May 11, 2022.

Exhibits:

99.1 | Consolidated Financial Statements For the three months ended March 31, 2022 and 2021
99.2 | Management Discussion and Analysis

2

SIGNATURES

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.

| AVINO SILVER & GOLD MINES LTD. |
| (Registrant) |
Date: May 11, 2022 | By: | /s/ Jennifer Trevitt |
|  | Jennifer Trevitt |
|  | Corporate Secretary |

3