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SEGMENTED INFORMATION
12 Months Ended
Dec. 31, 2022
Segmented Information

23. SEGMENTED INFORMATION

 

The Company reviews its segment reporting to ensure it reflects the operational structure of the Company and enables the Company's Chief Operating Decision Maker (the Company’s CEO) to review operating segment performance. We have determined that each producing mine represents an operating segment, of which there is one as of December 31, 2022.

  

The Company’s revenues for the year ended December 31, 2022, of $44,187 (2021 - $11,228) are all attributable to one reportable segment in Mexico, from shipments of concentrate produced by the Avino Mine and processed material from the Avino Historic Above Ground stockpiles.

 

On the consolidated statements of operations, the Company had revenue from the following product mixes:

 

 

 

2022

 

 

2021

 

Silver

 

$16,570

 

 

$3,421

 

Copper

 

 

10,258

 

 

 

5,566

 

Gold

 

 

25,875

 

 

 

4,344

 

Penalties, treatment costs and refining charges

 

 

(8,516)

 

 

(2,103)

Total revenue from mining operations

 

$44,187

 

 

$11,228

 

 

For the year ended December 31, 2022 and 2021, the Company had the following customers that accounted for total revenues as follows:

 

 

 

2022

 

 

2021

 

Customer #1

 

$39,911

 

 

$5,521

 

Customer #2

 

 

3,479

 

 

 

3,045

 

Other customers

 

 

797

 

 

 

2,662

 

Total revenue from mining operations

 

$44,187

 

 

$11,228

 

 

Geographical information relating to the Company’s non-current assets (other than financial instruments) is as follows:

 

 

 

December 31,

 2022

 

 

December 31,

2021

 

Exploration and evaluation assets - Mexico

 

$46,541

 

 

$11,052

 

Exploration and evaluation assets - Canada

 

 

1

 

 

 

1

 

Total exploration and evaluation assets

 

$46,542

 

 

$11,053

 

 

 

 

December 31, 2022

 

 

December 31,

2021

 

Plant, equipment, and mining properties - Mexico

 

$43,812

 

 

$35,390

 

Plant, equipment, and mining properties - Canada

 

 

244

 

 

 

285

 

Total plant, equipment, and mining properties

 

$44,056

 

 

$35,675