<SEC-DOCUMENT>0001477932-25-001610.txt : 20250311
<SEC-HEADER>0001477932-25-001610.hdr.sgml : 20250311
<ACCEPTANCE-DATETIME>20250311172339
ACCESSION NUMBER:		0001477932-25-001610
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250311
FILED AS OF DATE:		20250311
DATE AS OF CHANGE:		20250311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVINO SILVER & GOLD MINES LTD
		CENTRAL INDEX KEY:			0000316888
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35254
		FILM NUMBER:		25728844

	BUSINESS ADDRESS:	
		STREET 1:		570 GRANVILLE STREET
		STREET 2:		SUITE 900
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 3P1
		BUSINESS PHONE:		6046823701

	MAIL ADDRESS:	
		STREET 1:		570 GRANVILLE STREET
		STREET 2:		SUITE 900
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3P1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL AVINO MINES LTD
		DATE OF NAME CHANGE:	19950607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AVINO MINES & RESOURCES LTD
		DATE OF NAME CHANGE:	19950607
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>avino_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title>avino_6k.htm</title><!--Document created using EDGARMaster--></head><body style="TEXT-ALIGN: justify; FONT: 10pt times new roman; MARGIN-LEFT: 7%; MARGIN-RIGHT: 7%"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; </p><!--Document created using EDGARMaster--> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <table style="font-size:1px;width:100%"> <tr > <td style="BORDER-BOTTOM: 5px solid;"></td></tr> <tr > <td style="BORDER-BOTTOM: 2px solid;"></td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>UNITED STATES</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>SECURITIES AND EXCHANGE COMMISSION</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>Washington, D.C. 20549</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><font style="font-size:18pt">FORM 6-K</font></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;">For the Month of&nbsp;<strong><u>March 2025</u></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;">Commission File Number:&nbsp;<strong><u>001-35254</u></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <table style="border-spacing:0;font-size:10pt;text-align:justify;margin-left:auto;margin-right:auto;width:60%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;"> <p style="font-size:10pt;font-family:times new roman;text-align:center;margin:0px 0px 0px 0in"><strong><font style="font-size:18pt">AVINO SILVER &amp; GOLD MINES LTD.</font></strong></p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong><u>Suite 900, 570 Granville Street, Vancouver, BC V6C 3P1</u></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;">(Address of principal executive offices)</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">&#9744;&nbsp; Form 20-F&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&#9746; Form 40-F</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <table style="font-size:1px;width:100%"> <tr > <td style="BORDER-BOTTOM: 2px solid;"></td></tr> <tr > <td style="BORDER-BOTTOM: 5px solid;"></td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="TEXT-INDENT: 0px;"></td></tr> <tr style="height:15px"> <td><p style='page-break-after: always'></p></td></tr> <tr style="height:15px"> <td>&nbsp;</td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Explanatory Note - Information Contained in this Form 6-K Report Clarifies that information submitted with the Form 6-K is &#8220;furnished&#8221; versus filed.&nbsp;&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">On&nbsp;March 11,&nbsp;2025, Avino Silver &amp; Gold Mines Ltd. issued a press release announcing Avino Achieves Record Financial Performance for 2024; Improvements Across Key Financial Metrics, Treasury at All-Time High.&nbsp;A copy of the press release is furnished as Exhibit 99.1 to this report on Form 6-K.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The information contained in this report and the exhibit hereto shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filings made by Avino Silver &amp; Gold Mines Ltd. under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Exhibits:</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="width:6%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><a href="avino_ex991.htm">99.1</a></p></td> <td style="width:2%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><a href="avino_ex991.htm">News Release dated&nbsp;March 11, 2025</a></p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px;"> <p style="font-size:10pt;font-family:times new roman;text-align:center;margin:0px">2</p></td></tr> <tr style="height:15px"> <td><p style='page-break-after: always'></p></td></tr> <tr style="height:15px"> <td>&nbsp;</td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>SIGNATURES</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 33.75pt; text-align:justify;">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td colspan="2"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><strong>Avino Silver &amp; Gold Mines, Ltd.</strong></p></td> <td></td></tr> <tr style="height:15px"> <td style="width:50%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:3%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:35%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:12%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Date:&nbsp;March 11, 2025</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">By:</p></td> <td style="BORDER-BOTTOM: 1px solid;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><em>/s/ Jennifer Trevitt</em></p></td> <td></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Jennifer Trevitt</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Corporate Secretary</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px;"> <p style="font-size:10pt;font-family:times new roman;text-align:center;margin:0px">3</p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="margin:0px"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p><body>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>avino_ex991.htm
<DESCRIPTION>NEWS RELEASE
<TEXT>
<html><head><title>avino_ex991.htm</title><!--Document created using EDGARMaster--></head><body style="TEXT-ALIGN: justify; FONT: 10pt times new roman; MARGIN-LEFT: 7%; MARGIN-RIGHT: 7%"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"><strong>EXHIBIT 99.1</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp; <p style="margin:0px"> <table style="border-spacing:0;font-size:10pt;text-align:left;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px"><img src="avino_ex991img5.jpg"></p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:25%;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="color:#28628e"><strong>ASM</strong>: TSX/NYSE American</font></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong><font style="color:#28628e">Avino Silver &amp; Gold Mines Ltd. </font></strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="color:#28628e">Suite 900-570 Granville Street</font></p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="color:#28628e">Vancouver, BC V6C 3P1</font></p></td> <td style="width:20%;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong><font style="color:#28628e">T (604) 682 3701</font></strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="color:#28628e">F (604) 682 3600</font></p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="color:#28628e">www.avino.com</font></p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin: 0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font-size:10pt;text-align:left;width:100%" cellpadding="2"> <tr style="height:15px"> <td style="padding:2px;width:26%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="padding-bottom:2px;padding-top:2px;padding-left:2px;padding-right:2px;padding:2px;width:34%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="padding-bottom:2px;padding-top:2px;padding-left:2px;padding-right:2px;padding:2px;width:100%; background-color:#808080;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><font style="color:white"><strong>NEWS RELEASE</strong></font></p></td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">March 11, 2025</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>AVINO ACHIEVES RECORD FINANCIAL PERFORMANCE FOR 2024; </strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>IMPROVEMENTS ACROSS KEY FINANCIAL METRICS, TREASURY AT ALL-TIME HIGH</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>Avino Silver &amp; Gold Mines Ltd. (ASM: TSX/NYSE American; FSE: GV6) </strong>a long-standing silver producer in Mexico, announces its audited consolidated financial results for the fourth quarter and year ended December 31, 2024. All amounts are in U.S. dollars unless stated otherwise.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Fourth Quarter 2024 Financial Highlights (compared to Q4 2023)</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;text-align:justify;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:4%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Record Revenues:</strong> The Company realized revenues of $24.4 million, an increase of 95%, driven by increased production and higher realized silver and gold prices in the quarter.</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Record Gross Profit:</strong> Gross profit, or mine operating income, was $10.5 million and represented an increase of 308%. The significant improvement was a result of items noted related to revenues, as well as meaningful unit cost reductions and currency movements between the US dollar and Mexican Peso.</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Record Cash Flow Generation:</strong> The Avino Mine delivered cash provided by operating activities of $15.6 million, up over 2,000%, as well as mine operating cash flows before taxes<sup style="vertical-align:super">3</sup> of $11.9 million, up 230%.</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Record Earnings and Adjusted Earnings</strong>: The Company realized net income of $5.1 million, or $0.03 per share, up 804%, and adjusted earnings<sup style="vertical-align:super">3</sup> of $10 million, or $0.07 per share, an increase of 405%. Earnings before interest, taxes, depreciation and amortization (&#8220;EBITDA&#8221;)<sup style="vertical-align:super">3</sup> was $9.1 million, up 712%</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Improved Costs per Ounce Metrics: </strong>Cash costs per silver equivalent payable ounce sold<sup style="vertical-align:super">1,2,3</sup> was $13.88 and all-in sustaining cash costs per silver equivalent payable ounce sold<sup style="vertical-align:super">1,2,3</sup> was $18.62, down 8% and 14%, respectively.</td></tr></table></p> <p style="margin:0px"></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Full Year 2024 Financial Highlights (compared to FY 2023)</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;text-align:justify;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:4%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>All-Time High in Cash Strength:</strong> Cash balance of $27.3 million, an increase of 916%. This represents the highest balance in the Company&#8217;s history and positions the Company to execute on its organic growth plans.</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Record Revenues:</strong> The Company realized revenues of $66.1 million, an increase of 51%, driven by improved production and sales volumes, as well as higher realized metal prices in 2024</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Record Gross Profit:</strong> Gross profit, or mine operating income, was $23.2 million and represented an increase of 197%.</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Record Earnings and Adjusted Earnings</strong>: The Company realized net income of $8.1 million, or $0.06 per share, with adjusted earnings<sup style="vertical-align:super">3</sup> up 364% at $21.3 million, or $0.15 per share. EBITDA<sup style="vertical-align:super">3</sup> rose significantly and was $18 million, up 620%.</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Record Cash Flow Generation:</strong> The Avino Mine delivered cash provided by operating activities of $23.1 million, up over 1400%. Mine operating cash flow before taxes<sup style="vertical-align:super">3</sup> of $27.6 million, an increase of 150%</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"><strong>Improved Costs per Ounce Metrics: </strong>Cash costs per silver equivalent payable ounce sold<sup style="vertical-align:super">1,2,3</sup> came in at $14.84, down 5% and all-in sustaining cash costs per silver equivalent payable ounce sold<sup style="vertical-align:super">1,2,3</sup> was $20.57, down 6%.</td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><em>&#8220;In the fourth quarter, we delivered record financial performance driven by higher metal prices and increased production from our Avino Mine,&#8221; said Nathan Harte, Chief Financial Officer. &#8220;With records set in revenues and cash flow generation, our operating margins further strengthened our debt-free balance sheet to record highs. On the cost side, our operating costs decreased and further increased margins, allowing record free-cash flow generation. Our focus continues to be on growth and delivering additional value to our shareholders through disciplined and organic growth as outlined in our 5-year plan. With over $27 million in cash to close out the year, we are well-positioned for the future.&#8221;</em></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px;"></td></tr> <tr style="height:15px"> <td><p style='page-break-after: always'></p></td></tr> <tr style="height:15px"> <td>&nbsp;</td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Avino Silver &amp; Gold Mines Ltd. &#8211;March 11, 2025</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">AVINO ACHIEVES RECORD FINANCIAL PERFORMANCE FOR 2024; IMPROVEMENTS ACROSS KEY FINANCIAL METRICS, TREASURY AT ALL-TIME HIGH</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Page 2</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><em>&#8220;Avino delivered an outstanding performance in 2024, achieving record financial results, strong operational execution, and benefiting from a supportive market environment,&#8221; said David Wolfin, President and CEO. &#8220;The Company posted record revenues and significant growth across key financial metrics, reflecting higher production, cost efficiencies, and strong metal prices.</em><em> </em><em>Our record-breaking year would not have been possible without the dedication, expertise, and hard work of our operational teams and employees across the company. Their commitment to excellence, teamwork, and innovation has been instrumental in achieving these milestones. On behalf of our leadership, thank you for your efforts and contributions&#8212;your work continues to drive Avino&#8217;s success</em><em>. </em><em>With a solid financial foundation, strong operational performance, and positive market trends, Avino is well-positioned for continued growth and value creation i</em><em>n 2025 and beyond."</em></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong><u>Financial </u></strong><strong><u>Highlights</u></strong><strong><u> </u></strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font-size:10pt;border-top:#000000 1px solid;border-right:#000000 1px solid;border-bottom:#000000 1px solid;text-align:justify;border-left:#000000 1px solid;width:100%" cellpadding="1"> <tr style="height:15px;background-color:#d9d9d9"> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;border-left:#000000 0px solid;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt"><strong>HIGHLIGHTS</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt"><strong><em>(Expressed in 000&#8217;s of US$)</em></strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Fourth&nbsp;</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Quarter 2024</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Fourth&nbsp;</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Quarter 2023</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Change</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Year</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Year</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Change</strong></p></td></tr> <tr style="height:15px;background-color:#a7a8a7"> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;" colspan="6"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Financial Operating Performance</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;" colspan="2"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;" colspan="2"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Revenues</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:3%;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:9%;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">24,382</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:3%;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:9%;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">12,530</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:7%;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">95%</p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 0px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;width:3%;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:9%;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">66,178</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:3%;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:9%;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">43,889</p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 0px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;width:7%;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">51%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Mine operating income</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">10,456</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2,561</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">308%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">23,201</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">7,819</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">197%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Net income</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">5,092</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">563</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">804%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">8,100</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">542</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1394%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Earnings before interest, taxes and amortization (&#8220;EBITDA&#8221;)<sup style="vertical-align:super">1</sup></p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">9,099</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1,120</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">712%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">18,037</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2,506</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">620%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Adjusted earnings<sup style="vertical-align:super">1</sup></p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">9,950</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1,972</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">405%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">21,333</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">4,601</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">364%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Cash provided by operating activities</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">15,551</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">621</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2404%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">23,124</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1,488</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1454%</p></td></tr> <tr style="height:15px"> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Mine operating cash flow before taxes<sup style="vertical-align:super">1</sup></p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">11,878</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">3,597</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">230%</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">27,578</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">11,017</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">150%</p></td></tr> <tr style="height:15px;background-color:#a7a8a7"> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Per Share Amounts</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Earnings per share &#8211; basic</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.04</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">0.00</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">100%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.06</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.00</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">100%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Earnings per share &#8211; diluted</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.03</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">0.00</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">100%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.06</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.00</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">100%</p></td></tr> <tr style="height:15px"> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Adjusted earnings per share<sup style="vertical-align:super">1</sup></p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">$</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.07</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">0.02</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">250%</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.15</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">0.04</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">275%</p></td></tr> <tr style="height:15px;background-color:#d9d9d9"> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt"><strong>HIGHLIGHTS</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt"><strong><em>(Expressed in 000&#8217;s of US$)</em></strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>September 30, </strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</strong></p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Change</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Change</strong></p></td></tr> <tr style="height:15px;background-color:#a7a8a7"> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Liquidity &amp; Working Capital</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Cash</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">27,317</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">7,767</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">252%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">27,317</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2,688</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">916%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Working capital<sup style="vertical-align:super">1</sup></p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">25,235</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.05pt; text-align:right;">15,878</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">59%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">25,235</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">9,727</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">159%</p></td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong><u>Operating Highlights and Overview</u></strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font-size:10pt;border-top:#000000 1px solid;border-right:#000000 1px solid;border-bottom:#000000 1px solid;text-align:justify;border-left:#000000 1px solid;width:100%" cellpadding="1"> <tr style="height:15px;background-color:#d9d9d9"> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;border-left:#000000 0px solid;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt"><strong>HIGHLIGHTS</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt"><strong><em>(Expressed in US$, unless otherwise noted)</em></strong></p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;width:100%;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Fourth Quarter 2024</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Fourth Quarter 2023</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Change</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Year</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Year</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Change</strong></p></td></tr> <tr style="height:15px;background-color:#a7a8a7"> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;" colspan="6"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt"><strong>Operating </strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;" colspan="2"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;" colspan="2"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Tonnes Milled</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">181,733</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">143,738</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">26%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">648,774</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">615,373</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">5%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Silver Ounces Produced</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">283,794</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">224,723</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">26%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1,109,214</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">928,643</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">19%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Gold Ounces Produced</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2,560</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1,452</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">76%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">7,477</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">7,335</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Copper Pounds Produced</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1,773,694</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">1,317,793</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">35%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">6,197,603</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">5,304,808</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">17%</p></td></tr> <tr style="height:15px"> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Silver Equivalent Ounces<sup style="vertical-align:super">1</sup> Produced</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">735,557</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">558,460</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">32%</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2,652,498</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2,415,232</p></td> <td style="border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">10%</p></td></tr> <tr style="height:15px;background-color:#a7a8a7"> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;border-left:#000000 0px solid;padding-right:1px;padding:1px;" colspan="6"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Concentrate Sales and Cash Costs</strong></p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;" colspan="2"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;" colspan="2"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="border-top:#000000 0px solid;border-right:#000000 0px solid;border-bottom:#000000 1px solid;padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Silver Equivalent Payable Ounces Sold<sup style="vertical-align:super">2</sup></p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">889,294</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">584,061</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">52%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 7.1pt; text-align:right;">2,562,211</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;" colspan="2"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">2,086,485</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">23%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 1pt">Cash Cost per Silver Equivalent Payable Ounce<sup style="vertical-align:super">1,2,3</sup></p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:3%;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:9%;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">13.88</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:3%;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:9%;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">15.04</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:7%;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">-8%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:3%;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:9%;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 14.15pt; text-align:right;">14.84</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:3%;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:9%;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">15.61</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;width:7%;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">-5%</p></td></tr> <tr style="height:15px"> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">All-in Sustaining Cash Cost per Silver Equivalent Payable Ounce<sup style="vertical-align:super">1,2,3</sup></p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$ </p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">18.62</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">21.67</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">-14%</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$ </p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#d9d9d9;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 14.15pt; text-align:right;">20.57</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">$</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">21.87</p></td> <td style="padding-bottom:1px;padding-top:1px;padding-left:1px;padding-right:1px;padding:1px;vertical-align:bottom; background-color:#f2f2f2;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">-6%</p></td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px;"></td></tr> <tr style="height:15px"> <td><p style='page-break-after: always'></p></td></tr> <tr style="height:15px"> <td>&nbsp;</td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Avino Silver &amp; Gold Mines Ltd. &#8211;March 11, 2025</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">AVINO ACHIEVES RECORD FINANCIAL PERFORMANCE FOR 2024; IMPROVEMENTS ACROSS KEY FINANCIAL METRICS, TREASURY AT ALL-TIME HIGH</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Page 3</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong><u>4th Quarter and Full Year Operating Highlights</u></strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Silver Equivalent Production Increases:</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;text-align:justify;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:4%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;">Avino produced 735,557 silver equivalent ounces in Q4 2024, representing a 32% increase from Q4 of 2023 and a 10% increase compared to the previous quarter. This increase was driven by improved gold grades and increased mill throughput.</td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:30px">&nbsp;</p></td> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;">Full year 2024 production increased significantly due to overall mill performance and availability. With production of 2.65 million silver equivalent ounces, the Company completed the year within our targeted full year production of 2.5 to 2.8 million silver equivalent ounces. Production guidance for 2025 consists of a range of 2.5 million to 2.8 million silver equivalent ounces. Silver equivalent ounces in our production guidance range are calculated using prices of $30.00 per ounce for silver, $2,600 per ounce for gold, and $4.18 per pound of copper.</td></tr></table></p> <p style="margin:0px"></p> <p style="margin:0px">&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Mill Throughput Increases:</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:4%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company processed 181,733 tonnes in Q4 2024, a 26% increase compared to Q4 2023, and the highest throughput quarter in the Company&#8217;s history. Mill availability and performance is a result of considerable work from our operations team in Durango, allowing for meaningful improvements in operational metrics, as well as improving the Company&#8217;s cash and working capital positions. In 2024, mill throughput was 648,774 tonnes, a 5% overall increase from 2023.</p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin:0px">&nbsp; </p> <p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Fourth Quarter Gold Production:</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:4%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Q4 2024 production of 2,560 gold ounces represented a 76% increase compared to Q4 2023 and was our highest quarter of gold production in 2024. Improved feed grade accounted for the majority of the increase, alongside the mill availability noted above.</p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin:0px">&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>La Preciosa</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:4%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Following the signing of the long-term land use agreement with a local community on <u>January 9th, 2024</u>, the Company announced on <u>January 15, 2025</u> that underground development at La Preciosa had commenced following receipt of all required permit for mining operations.</p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin:0px">&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>Health and Safety Performance Improvements:</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:4%;"> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="font-size:10pt;font-family:times new roman;margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company achieved a reduction in Lost Time Incident Frequency Rate (&#8220;LTIFR&#8221;) of 32% for 2024 to 3.39 per 1,000,000 hours worked, while seeing an increase in hours worked by 47% at the Avino operations. Reportable lost time incident frequency rates also decreased to 0.07, down over 90% from 2023.</p></td></tr></table></p> <p style="margin:0px"></p> <p style="margin:0px">&nbsp; </p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>2024 Capital Expenditures</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Capital expenditures in 2024 were $6.6 million, compared to $8.5 million in 2023, which came in below the range previously disclosed in the Avino 2024 Outlook press release which can be found <u>here</u> on the Company&#8217;s website. This is a result of certain La Preciosa expenditures being deferred to 2025, following the receipt of all necessary mining permits after the close of 2024.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>ESG Initiatives</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Avino follows the ESG Standards and the United Nations Sustainable Development goals. There are 17 Sustainable Development Goals (SDGs), which were developed as a call to action by all countries developed and developing in a global partnership.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">At Avino, the communities surrounding our operations are at the heart of our success. We remain deeply committed to supporting local citizens, our dedicated personnel, and their families, reinforcing our role as a responsible and engaged partner in the region.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px;"></td></tr> <tr style="height:15px"> <td><p style='page-break-after: always'></p></td></tr> <tr style="height:15px"> <td>&nbsp;</td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Avino Silver &amp; Gold Mines Ltd. &#8211;March 11, 2025</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">AVINO ACHIEVES RECORD FINANCIAL PERFORMANCE FOR 2024; IMPROVEMENTS ACROSS KEY FINANCIAL METRICS, TREASURY AT ALL-TIME HIGH</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Page 4</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">For the third consecutive year, Avino has received the ESR designation which reflects our economic, social and environmental commitment to making a positive impact for our local communities. The distinction is awarded annually by the Mexican Council for Philanthropy (Cemefi) and the Alliance for Corporate Social Responsibility for Mexico (AliaRSE).</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Mexican nationals account for 100% of our mine work force. At the end of the year, we have approximately 451 direct jobs which includes the workers at the mine site and in our Durango offices. This translates to approximately 3 times the number of indirect jobs for services, consultants and suppliers in the surrounding communities and the Durango area.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The earnings should be read in conjunction with the Company&#8217;s Financial Statements and Management&#8217;s Discussion and Analysis (&#8220;MD&amp;A&#8221;) for the corresponding period, which can be viewed on the Company&#8217;s website at www.avino.com, or on SEDAR+ at <u>www.sedarplus.ca</u> or on EDGAR at <u>www.sec.gov</u>.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>Qualified Person</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>Non-IFRS Measures</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The financial results in this news release include references to non-IFRS Accounting Standards measures. These measures are used by the Company to manage and evaluate the operating performance of the Company&#8217;s mining operations and are widely reported in the silver and gold mining industry as benchmarks for performance, but do not have standardized meanings prescribed by IFRS. For a reconciliation of non-GAAP and GAAP measures, please refer to the &#8220;Non-IFRS Accounting Standards Measures&#8221; section of the Company&#8217;s MD&amp;A dated March 11, 2025 for the year ended December 31, 2024, which is incorporated by reference within this news release and is available on SEDAR+ at <u>www.sedarplus.ca</u>.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Conference Call and Webcast</strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A conference call to discuss the Company&#8217;s Q4 and Full Year 2024 operational and financial results will be held Wednesday, March 12, 2025, at 8:00 a.m. PDT / 11:00 a.m. EDT. To participate in the conference call or follow the webcast, please see the details below.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here <u>Avino Q4/YE 2024 Financial Results</u> or by dialing the following numbers five to ten minutes prior to the start time.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Toll Free: 888-506-0062</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">International: 973-528-0011</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Participant Access Code: 461244</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the company name. Participants will have the opportunity to ask questions during the Q&amp;A portion.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The conference call and webcast will be recorded, and the replay will be available on the Company&#8217;s website later that day.</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px;"></td></tr> <tr style="height:15px"> <td><p style='page-break-after: always'></p></td></tr> <tr style="height:15px"> <td>&nbsp;</td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Avino Silver &amp; Gold Mines Ltd. &#8211;March 11, 2025</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">AVINO ACHIEVES RECORD FINANCIAL PERFORMANCE FOR 2024; IMPROVEMENTS ACROSS KEY FINANCIAL METRICS, TREASURY AT ALL-TIME HIGH</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Page 5</p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>About Avino </strong></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company&#8217;s silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Avino currently controls mineral resources, as per NI 43-101, with a total mineral content of 371 million silver equivalent ounces, within our district-scale land package. Early in 2024, the pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. As part of Avino&#8217;s commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than one year now with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X&nbsp;(formerly Twitter) at <u>@Avino_ASM</u> and on LinkedIn at <u>Avino Silver &amp; Gold Mines</u>. To view the Avino Mine VRIFY tour, please click <u>here</u>.</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>For Further Information, Please Contact:</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Investor Relations</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Tel: 604-682-3701</strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Email: </strong><strong><u>IR@avino.com</u></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>This news release contains &#8220;forward-looking information&#8221; and &#8220;forward-looking statements&#8221; (together, the &#8220;forward looking statements&#8221;) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company&#8217;s Avino Property, including La Preciosa, located near Durango in west-central Mexico (the &#8220;Avino Property&#8221;) with an effective date of November 30, 2022, prepared for the Company, and references to Measured, Indicated, Inferred Resources dated October 16, 2023 as well as the Prefeasibility Study dated January 16, 2024 and references to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements, referred to herein as &#8220;forward-looking statements&#8221; are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as &#8220;expects&#8221;, &#8220;anticipates&#8221;, &#8220;plans&#8221;, &#8220;projects&#8221;, &#8220;estimates&#8221;, &#8220;envisages&#8221;, &#8220;assumes&#8221;, &#8220;intends&#8221;, &#8220;strategy&#8221;, &#8220;goals&#8221;, &#8220;objectives&#8221; or variations thereof or stating that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;might&#8221; or &#8220;will&#8221; be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.</em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral Resources</em></strong></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>All reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (&#8220;CIM&#8221;) Definition Standards. The U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) now recognizes estimates of &#8220;measured mineral resources,&#8221; &#8220;indicated mineral resources&#8221; and &#8220;inferred mineral resources&#8221; and uses new definitions of &#8220;proven mineral reserves&#8221; and &#8220;probable mineral reserves&#8221; that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any &#8220;measured mineral resources,&#8221; &#8220;indicated mineral resources,&#8221; or &#8220;inferred mineral resources&#8221; that the Issuer reports are or will be economically or legally mineable. Further, &#8220;inferred mineral resources&#8221; are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.</em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. </em></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Footnotes:</em></strong> </p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>1. In Q4 2024, AgEq was calculated using metal prices of $31.34 per oz Ag, $2,662 per oz Au and $4.17 per lb Cu. In Q4 2023, AgEq was calculated using metals prices of $23.23 oz Ag, $1,976 oz Au and $3.71 lb Cu. For FY 2024, AgEq was calculated using metal prices of $28.24 per oz Ag, $2,387 per oz Au and $4.15 per lb Cu. For FY 2023, AgEq was calculated using metal prices of $23.39 oz Ag, $1,976 oz Au and $3.85 lb Cu. Calculated figures may not add up due to rounding.</em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>2. &#8220;Silver equivalent payable ounces sold&#8221; for the purposes of cash costs and all-in sustaining costs consists of the sum of payable silver ounces, gold ounces and copper tonnes sold, before penalties, treatment charges, and refining charges, multiplied by the ratio of the average spot gold and copper prices to the average spot silver price for the corresponding period.</em></p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>3. Non-IFRS Accounting Standard measure. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under IFRS and the calculation methods may differ from methods used by other companies with similar reported measures. See Non-IFRS Accounting Standards Measures section for further information and detailed reconciliations.</em></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p> <p style="margin:0px"> <table style="border-spacing:0;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td class="hpbhr">&nbsp;</td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px;"></td></tr></table></p> <p style="margin:0px"></p> <p style="font-size:10pt;font-family:times new roman;margin:0px">&nbsp;</p><body>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
