0000316888 false--12-31 2023-03-31 Q1 2023 14180 11828000 37975000 1000 0 0 0 0 0 49804000 14687000 69141000 763000 774000 14930000 23294000 14693000 0 0 0 9106000 25085000 441000 598000 5178000 6733000 3029000 1616000 0 0 0 0 0 11664000 44056000 5581000 322000 176000 9752000 16561000 0 4926 1950412 7000000 8950412 0.80 1.09 1.03 0 0 0 4256000 1.36 0 2190666 0 1.27 0000316888 2023-01-01 2023-03-31 0000316888 avino:LongTermInvestmentsMember avino:PriceRiskMember 2022-01-01 2022-12-31 0000316888 avino:LongTermInvestmentsMember avino:PriceRiskMember 2023-01-01 2023-03-31 0000316888 avino:PriceRiskMember 2022-01-01 2022-12-31 0000316888 avino:PriceRiskMember 2023-01-01 2023-03-31 0000316888 avino:ForeignCurrencyRisKMember 2022-01-01 2022-12-31 0000316888 avino:ForeignCurrencyRisKMember 2023-01-01 2023-03-31 0000316888 avino:LiquiditysRisksMember 2023-03-31 0000316888 avino:LevelThreeOfFairValueHierarchyMember 2023-03-31 0000316888 avino:LevelTwoOfFairValueHierarchyMember 2023-03-31 0000316888 avino:LevelOneOfFairValueHierarchyMember 2023-03-31 0000316888 avino:CanadianDollarsMember 2023-03-31 0000316888 avino:MexicanPesosMember 2023-03-31 0000316888 avino:CanadianDollarsMember 2022-12-31 0000316888 avino:MexicanPesosMember 2022-12-31 0000316888 avino:MoreThanFiveYearsMember 2023-03-31 0000316888 avino:LatersThanOneYearsAndNotLatersThanFiveYearsMember 2023-03-31 0000316888 avino:LessThanOneYearMember 2023-03-31 0000316888 avino:FinancialInstrumentsMember 2023-03-31 0000316888 avino:LatersThanFiveYearsMember 2022-01-01 2022-12-31 0000316888 avino:LatersThanFiveYearsMember 2023-01-01 2023-03-31 0000316888 avino:LatersThanOneYearsAndNotLatersThanFiveYearsMember 2022-01-01 2022-12-31 0000316888 avino:LatersThanOneYearsAndNotLatersThanFiveYearsMember 2023-01-01 2023-03-31 0000316888 avino:NotLatersThanOneYearsMember 2022-01-01 2022-12-31 0000316888 avino:NotLatersThanOneYearsMember 2023-01-01 2023-03-31 0000316888 avino:ShareCapitalThreeMember 2023-01-01 2023-03-31 0000316888 avino:SharesCapitalMember 2023-01-01 2023-03-31 0000316888 avino:ShareCapitalThreeMember 2022-12-31 0000316888 avino:SharesCapitalMember 2022-12-31 0000316888 avino:SharesCapitalMember 2022-03-31 0000316888 avino:ShareCapitalTwoMember 2022-01-01 2022-03-31 0000316888 avino:ShareCapitalTwoMember 2023-01-01 2023-03-31 0000316888 avino:EarninglossPerShareMember 2022-01-01 2022-03-31 0000316888 avino:EarninglossPerShareMember 2023-01-01 2023-03-31 0000316888 avino:MarchTwentyFiveTwoThousandTwentyTwoMember avino:RestrictedShareUnitsMember 2023-01-01 2023-03-31 0000316888 avino:AugustFourTwoThousandTwentyMember avino:RestrictedShareUnitsMember 2023-01-01 2023-03-31 0000316888 avino:MarchTwentyNineTwoThousandTwentyEightMember avino:RestrictedShareUnitsMember 2023-01-01 2023-03-31 0000316888 avino:RestrictedShareUnitsMember 2023-03-31 0000316888 avino:RestrictedShareUnitsMember 2022-01-01 2022-12-31 0000316888 avino:RestrictedShareUnitsMember 2023-01-01 2023-03-31 0000316888 avino:RestrictedShareUnitsMember 2021-12-31 0000316888 avino:RestrictedShareUnitsMember 2022-12-31 0000316888 avino:MayFourTwentyTwentySevenMember avino:StockOptionMember 2023-01-01 2023-03-31 0000316888 avino:MarchTwentyFiveTwoThousandTwentySevenMember avino:StockOptionsMember 2023-01-01 2023-03-31 0000316888 avino:AugustFourTwoThousandTwentyFiveMember avino:StockOptionsMember 2023-01-01 2023-03-31 0000316888 avino:AugustTwentyOneTwoThousandTwentyFourMember avino:StockOptionsMember 2023-01-01 2023-03-31 0000316888 avino:MarchTwentyNineTwoThousandTwentyEightMember avino:StockOptionsMember 2023-01-01 2023-03-31 0000316888 avino:AugustTwentyEightTwoThousandTwentyThreeMember avino:StockOptionsMember 2023-01-01 2023-03-31 0000316888 avino:StockOptionsMember 2023-03-31 0000316888 avino:StockOptionsMember 2023-01-01 2023-03-31 0000316888 avino:StockOptionsMember 2022-01-01 2022-12-31 0000316888 avino:StockOptionsMember 2021-12-31 0000316888 avino:StockOptionsMember 2022-12-31 0000316888 avino:ManagementsestimateMember 2023-03-31 0000316888 avino:ManagementsestimateMember 2022-12-31 0000316888 avino:ManagementsEtimateOneMember 2023-03-31 0000316888 avino:ManagementsEtimateOneMember 2022-12-31 0000316888 avino:ManagementsEtimateOneMember 2022-01-01 2022-12-31 0000316888 avino:ManagementsEtimateOneMember 2023-01-01 2023-03-31 0000316888 2021-01-01 2021-12-31 0000316888 2020-12-31 0000316888 avino:SeptemberTwentyFiveTwoThousandTwentyThreeMember 2023-01-01 2023-03-31 0000316888 avino:SeptemberTwentyOneTwoThousandTwentyThreeMember 2023-01-01 2023-03-31 0000316888 avino:SeptemberTwentyFiveTwoThousandTwentyThreeMember 2023-03-31 0000316888 avino:SeptemberTwentyFiveTwoThousandTwentyThreeMember 2022-12-31 0000316888 avino:SeptemberTwentyOneTwoThousandTwentyThreeMember 2022-12-31 0000316888 avino:SeptemberTwentyOneTwoThousandTwentyThreeMember 2023-03-31 0000316888 avino:WarrantsMember 2023-03-31 0000316888 avino:WarrantsMember 2022-01-01 2022-12-31 0000316888 avino:WarrantsMember 2023-01-01 2023-03-31 0000316888 avino:WarrantsMember 2022-12-31 0000316888 avino:WarrantsMember 2021-12-31 0000316888 avino:ICCMember 2022-01-01 2022-03-31 0000316888 avino:ICCMember 2023-01-01 2023-03-31 0000316888 avino:OnivaInternationalServicesCorpMember 2022-01-01 2022-03-31 0000316888 avino:OnivaInternationalServicesCorpMember 2023-01-01 2023-03-31 0000316888 avino:DirectorsMember 2023-03-31 0000316888 avino:DirectorsMember 2022-12-31 0000316888 avino:SilverWolfExplorationLtdMember 2022-12-31 0000316888 avino:OnivaInternationalServicesCorpMember 2023-03-31 0000316888 avino:OnivaInternationalServicesCorpMember 2022-12-31 0000316888 avino:BuildingMember 2023-03-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2023-03-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2023-03-31 0000316888 avino:ComputerEquipmentsMember 2023-03-31 0000316888 avino:MiningsPropertyMember 2023-03-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2023-03-31 0000316888 avino:BuildingMember 2023-01-01 2023-03-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2023-01-01 2023-03-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2023-01-01 2023-03-31 0000316888 avino:ComputerEquipmentsMember 2023-01-01 2023-03-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2023-01-01 2023-03-31 0000316888 avino:MiningsPropertyMember 2023-01-01 2023-03-31 0000316888 avino:BuildingMember 2022-01-01 2022-12-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2022-01-01 2022-12-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2022-01-01 2022-12-31 0000316888 avino:ComputerEquipmentsMember 2022-01-01 2022-12-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2022-01-01 2022-12-31 0000316888 avino:MiningsPropertyMember 2022-01-01 2022-12-31 0000316888 avino:BuildingMember 2022-12-31 0000316888 avino:BuildingMember 2021-12-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2022-12-31 0000316888 avino:MillMachineryAndProcessingEquipmentMember 2021-12-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2022-12-31 0000316888 avino:MineMachineryAndTransportationEquipmentMember 2021-12-31 0000316888 avino:ComputerEquipmentsMember 2022-12-31 0000316888 avino:ComputerEquipmentsMember 2021-12-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2022-12-31 0000316888 avino:OfficeEquipmentFurnitureAndFixturesMember 2021-12-31 0000316888 avino:MiningsPropertyMember 2022-12-31 0000316888 avino:MiningsPropertyMember 2021-12-31 0000316888 avino:MineralesMember avino:DurangoMexicoMember avino:UnificationLaPlatosaPropertiesMember 2023-01-01 2023-03-31 0000316888 avino:DurangoMexicoMember avino:UnificationLaPlatosaPropertiesMember 2012-01-01 2012-12-31 0000316888 avino:DurangoMexicoMember avino:UnificationLaPlatosaPropertiesMember 2023-01-01 2023-03-31 0000316888 avino:EaglePropertyOptionAgreementMember avino:MayoMiningDivisionMember avino:YukonCanadaMember 2023-01-01 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:FourthAnniversaryMember 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:SecondAnniversaryMember 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:FirstAnniversaryMember 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:FourthAnniversaryMember 2023-01-01 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:ThirdAnniversaryMember 2023-01-01 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:SecondAnniversaryMember 2023-01-01 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:FirstAnniversaryMember 2023-01-01 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember 2023-01-01 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:OptionAgreementMember 2023-01-01 2023-03-31 0000316888 avino:LaPreciosaMexicoMember 2023-03-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2023-03-31 0000316888 avino:AvinoMexicoMember 2023-03-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2022-01-01 2022-12-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2023-01-01 2023-03-31 0000316888 avino:LaPreciosaMexicoMember 2022-01-01 2022-12-31 0000316888 avino:LaPreciosaMexicoMember 2023-01-01 2023-03-31 0000316888 avino:AvinoMexicoMember 2022-01-01 2022-12-31 0000316888 avino:AvinoMexicoMember 2023-01-01 2023-03-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2022-12-31 0000316888 avino:LaPreciosaMexicoMember 2022-12-31 0000316888 avino:AvinoMexicoMember 2022-12-31 0000316888 avino:BritishColumbiaAndYukonCanadaMember 2021-12-31 0000316888 avino:LaPreciosaMexicoMember 2021-12-31 0000316888 avino:AvinoMexicoMember 2021-12-31 0000316888 avino:EnduranceGoldCorpMember 2023-01-01 2023-03-31 0000316888 avino:EnduranceGoldCorpCommonSharesMember 2023-03-31 0000316888 avino:EnduranceGoldCorpCommonSharesMember 2022-01-01 2022-12-31 0000316888 avino:EnduranceGoldCorpCommonSharesMember 2023-01-01 2023-03-31 0000316888 avino:EnduranceGoldCorpCommonSharesMember 2021-12-31 0000316888 avino:EnduranceGoldCorpCommonSharesMember 2022-12-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2022-01-01 2022-12-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2023-01-01 2023-03-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2021-12-31 0000316888 avino:SilverWolfExplorationLtdMember avino:CommonShareMember 2022-12-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2023-03-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2023-01-01 2023-03-31 0000316888 2022-01-01 2022-12-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2022-01-01 2022-12-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2021-12-31 0000316888 avino:TaliskerResourcesLtdMember avino:CommonSharesMember 2022-12-31 0000316888 avino:AvinoMember 2023-01-01 2023-03-31 0000316888 avino:CoeurMember 2023-01-01 2023-03-31 0000316888 avino:GloriaAndAbundanciaMember 2023-01-01 2023-03-31 0000316888 avino:FairValuesOfTheAssetsAcquiredAndLiabilitiesMember 2023-03-31 0000316888 avino:CompaniaMineraMexicanaDeAvinoMember 2023-01-01 2023-03-31 0000316888 avino:CervantesLLPMember 2023-01-01 2023-03-31 0000316888 avino:ProyectosMinerosLaPreciosaSAdeCVMember 2023-01-01 2023-03-31 0000316888 avino:LaPreciosaSilverGoldMinesLtdMember 2023-01-01 2023-03-31 0000316888 avino:LaLunaSilverGoldMinesLtdMember 2023-01-01 2023-03-31 0000316888 avino:PromotoraAvinoSADeCVMember 2023-01-01 2023-03-31 0000316888 avino:NuevaVizcayaMiningSAdeCVMember 2023-01-01 2023-03-31 0000316888 avino:OnivaSilverAndGoldMinesSADeCVMember 2023-01-01 2023-03-31 0000316888 ifrs-full:RetainedEarningsMember 2023-03-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000316888 ifrs-full:TreasurySharesMember 2023-03-31 0000316888 avino:EquityReserveMember 2023-03-31 0000316888 avino:CommonStockMember 2023-03-31 0000316888 ifrs-full:RetainedEarningsMember 2023-01-01 2023-03-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000316888 ifrs-full:TreasurySharesMember 2023-01-01 2023-03-31 0000316888 avino:EquityReserveMember 2023-01-01 2023-03-31 0000316888 avino:CommonStockMember 2023-01-01 2023-03-31 0000316888 ifrs-full:RetainedEarningsMember 2022-12-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000316888 ifrs-full:TreasurySharesMember 2022-12-31 0000316888 avino:EquityReserveMember 2022-12-31 0000316888 avino:CommonStockMember 2022-12-31 0000316888 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:EquityReserveMember 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:EquityReserveMember 2022-01-01 2022-03-31 0000316888 ifrs-full:TreasurySharesMember 2022-01-01 2022-03-31 0000316888 avino:CommonStockMember 2022-01-01 2022-03-31 0000316888 2021-12-31 0000316888 ifrs-full:RetainedEarningsMember 2021-12-31 0000316888 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000316888 ifrs-full:TreasurySharesMember 2021-12-31 0000316888 avino:EquityReserveMember 2021-12-31 0000316888 avino:CommonStockMember 2021-12-31 0000316888 2022-01-01 2022-03-31 0000316888 2022-12-31 0000316888 2023-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure 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, 2023

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):

Exhibits:

99.1 | Consolidated Financial Statements For the three months ended March 31, 2023 and 2022
99.2 | Management Discussion and Analysis
99.3 | CEO Certification
99.4 | CFO Certification

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 10, 2023 | By: | /s/ Jennifer Trevitt |
|  | Jennifer Trevitt |
|  | Corporate Secretary |

3