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SEGMENTED INFORMATION
 9 Months Ended
Sep. 30, 2025
SEGMENTED INFORMATION

18. SEGMENTED INFORMATION

 

The Company reviews its segment reporting to ensure it reflects the operational structure of the Company and enables the Company’s Chief Operating Decision Maker (the Company’s CEO) to review operating segment performance. We have determined that each producing mine represents an operating segment, of which there is one as of September 30, 2025.

 

The Company’s revenues for the nine months ended September 30, 2025 of $61,683 (September 30, 2024 - $41,796) are all attributable to Mexico, from shipments of concentrate produced by the Avino Mine, and is considered to be one single reportable operating segment.

 

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

 

 

 

Three months ended

September 30,

 

 

Nine months ended

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Silver

 

$9,195

 

 

$6,462

 

 

$25,143

 

 

$18,246

 

Copper

 

 

6,461

 

 

 

6,497

 

 

 

20,796

 

 

 

18,329

 

Gold

 

 

6,367

 

 

 

3,359

 

 

 

19,484

 

 

 

9,894

 

Penalties, treatment costs and refining charges

 

 

(981)

 

 

(1,702)

 

 

(3,740)

 

 

(4,673)

Total revenue from mining operations

 

$21,042

 

 

$14,616

 

 

$61,683

 

 

$41,796

 

 

For the three and nine months ended September 30, 2025 and 2024, the Company had the following customers that accounted for total revenues as follows:

 

 

 

Three months ended

September 30,

 

 

Nine months ended

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Customer #1

 

$20,170

 

 

$14,117

 

 

$57,654

 

 

$35,404

 

Customer #2

 

 

(6)

 

 

487

 

 

 

3,151

 

 

 

5,930

 

Other customers

 

 

878

 

 

 

12

 

 

 

878

 

 

 

462

 

Total revenue from mining operations

 

$21,042

 

 

$14,616

 

 

$61,683

 

 

$41,796

 

 

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

 

September 30,

2025

 

 

December 31,

2024

 

Exploration and evaluation assets - Mexico

 

$16,242

 

 

$52,890

 

Total exploration and evaluation assets

 

$16,242

 

 

$52,890

 

 

September 30,

2025

 

 

December 31,

2024

 

Plant, equipment, and mining properties - Mexico

 

$119,682

 

 

$53,400

 

Plant, equipment, and mining properties - Canada

 

 

340

 

 

 

401

 

Total plant, equipment, and mining properties

 

$120,022

 

 

$53,801