Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of June, 2024

Commission File Number: 001-35254

AVINO SILVER & GOLD MINES LTD.

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

(Address of principal executive offices)

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

☐ Form 20-F ☒ Form 40-F

Explanatory Note

Avino Silver & Gold Mines Ltd. (the “Company”) is furnishing this Form 6-K to provide its financial information for the three and six months ended June 30, 2024, and to incorporate such financial information into the Company’s registration statement referenced below.

Exhibits 99.1 and 99.2 attached hereto are hereby incorporated by reference into the Company’s Registration Statement on Form F-10 (Registration Statement File number 333-270315) to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed.

Exhibits

The following exhibits are filed as part of this Form 6-K.

Exhibit No.		Document
99.1		Condensed Consolidated Interim Financial Statements For the three and six months ended June 30, 2024 and 2023 (Unaudited)
99.2		Management’s Discussion & Analysis
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AVINO SILVER & GOLD MINES LTD.

Date: August 13, 2024	By:	/s/ Jennifer Trevitt
		Jennifer Trevitt
		Corporate Secretary

EXHIBIT 99.1

AVINO SILVER & GOLD MINES LTD.

Condensed Consolidated Interim Financial Statements

For the three and six months ended June 30, 2024 and 2023

(Unaudited)

-1-

AVINO SILVER & GOLD MINES LTD.

Condensed Consolidated Interim Statements of Financial Position

(Expressed in thousands of US dollars - Unaudited)

	Note		June 30, 2024			December 31, 2023
ASSETS
Current assets
Cash			$	5,311		$	2,688
Amounts receivable				3,182			3,303
Amounts due from related parties		10(b)		-			167
Taxes recoverable		4		5,048			6,580
Prepaid expenses and other assets				2,378			1,971
Inventory		5		9,881			8,826
Total current assets				25,800			23,535
Exploration and evaluation assets		7		52,326			50,111
Plant, equipment and mining properties		9		53,229			53,069
Long-term investments		6		1,712			934
Other assets				635			691
Total assets			$	133,702		$	128,340
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities			$	9,923		$	11,867
Amounts due to related parties		10(b)		173			-
Taxes payable				297			127
Current portion of finance lease obligations				1,672			1,650
Current portion of equipment loans				165			164
Total current liabilities				12,230			13,808
Finance lease obligations				1,645			1,445
Equipment loans				110			195
Reclamation provision		11		2,104			2,195
Deferred income tax liabilities				5,388			4,696
Total liabilities				21,477			22,339
EQUITY
Share capital		12		156,175			151,688
Equity reserves				11,063			11,041
Treasury shares				(97	)		(97	)
Accumulated other comprehensive loss				(5,332	)		(5,208	)
Accumulated deficit				(49,584	)		(51,423	)
Total equity				112,225			106,001
Total liabilities and equity			$	133,702		$	128,340

Commitments – Note 15

Approved by the Board of Directors on August 13, 2024.

Peter Bojtos

Director

David Wolfin

Director

The accompanying notes are an integral part of the condensed consolidated interim financial statements

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AVINO SILVER & GOLD MINES LTD.

Condensed Consolidated Interim Statements of Operations and Comprehensive Income (Loss)

(Expressed in thousands of US dollars - Unaudited)

			Three months ended June 30,						Six months ended June 30,
	Note		2024			2023			2024			2023
Revenue from mining operations		13	$	14,787		$	9,218		$	27,180		$	19,043
Cost of sales		13		10,090			8,175			20,144			16,149
Mine operating income				4,697			1,043			7,036			2,894

Operating expenses
General and administrative expenses		14		1,791			1,535			3,063			2,719
Share-based payments		12		647			843			1,070			1,182
Income (loss) before other items				2,259			(1,335	)		2,903			(1,007	)
Other items
Interest and other income				151			20			154			229
Gain (loss) on long-term investments		6		223			(285	)		355			(604	)
Fair value adjustment on warrant liability				-			751			-			458
Unrealized foreign exchange gain				92			552			172			416
Finance cost				(3	)		(3	)		(5	)		(77	)
Accretion of reclamation provision		11		(51	)		(12	)		(102	)		(23	)
Interest expense				(81	)		(72	)		(171	)		(117	)
Income (loss) before income taxes				2,590			(384	)		3,306			(725	)
Income taxes:
Current income tax recovery (expense)				(576	)		559			(775	)		534
Deferred income tax recovery (expense)				(774	)		959			(692	)		973
Income tax recovery (expense)				(1,350	)		1,518			(1,467	)		1,507

Net income				1,240			1,134			1,839			782

Other comprehensive income (loss)
Currency translation differences				(13	)		(313	)		(124	)		(576	)
Total comprehensive income			$	1,227		$	821		$	1,715		$	206
Income per share		12(e)
Basic			$	0.01		$	0.01		$	0.01		$	0.01
Diluted			$	0.01		$	0.01		$	0.01		$	0.01
Weighted average number of common shares outstanding		12(e)
Basic				133,622,131			119,195,457			131,834,975			118,887,538
Diluted				138,948,601			123,214,209			137,207,540			122,907,727

The accompanying notes are an integral part of the condensed consolidated interim financial statements

-3-

AVINO SILVER & GOLD MINES LTD.

Condensed Consolidated Interim Statements of Changes in Equity

(Expressed in thousands of US dollars - Unaudited)

	Note		Number of Common Shares		Share Capital Amount			Equity Reserves			Treasury Shares			Accumulated Other Comprehensive Income (Loss)			Accumulated Deficit			Total Equity
Balance, January 1, 2023				118,349,090	$	145,515		$	9,852		$	(97	)	$	(5,223	)	$	(52,026	)	$	98,021

Common shares issued:
At the market issuances		12		837,700		586			-			-			-			-			586
Carrying value of RSUs exercised		12		592,667		512			(512	)		-			-			-			-
Issuance costs		12		-		(218	)		-			-			-			-			(218	)
Share-based payments		12		-		-			1,182			-			-			-			1,182
Net loss for the period				-		-			-			-			-			782			782
Currency translation differences				-		-			-			-			(576	)		-			(576	)
Balance, June 30, 2023				119,779,457	$	146,395		$	10,522		$	(97	)	$	(5,799	)	$	(51,244	)	$	99,777
Balance, January 1, 2024				128,728,248	$	151,688		$	11,041		$	(97	)	$	(5,208	)	$	(51,423	)	$	106,001

Common shares issued:
At the market issuances		12(b)		4,797,748		3,616			-			-			-			-			3,616
Exercise of options		12(b)		103,000		90			(31	)		-			-			-			59
Carrying value of RSUs exercised		12(d)		1,197,709		1,018			(1,018	)		-			-			-			-
Issuance costs				-		(237	)		-			-			-			-			(237	)
Share-based payments		12(c)(d)		-		-			1,071			-			-			-			1,071
Net income for the period		12(e)		-		-			-			-			-			1,839			1,839
Currency translation differences				-		-			-			-			(124	)		-			(124	)
Balance, June 30, 2024				134,826,705	$	156,175		$	11,063		$	(97	)	$	(5,332	)	$	(49,584	)	$	112,225

The accompanying notes are an integral part of the condensed consolidated interim financial statements

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AVINO SILVER & GOLD MINES LTD.

Condensed Consolidated Interim Statements of Cash Flows

(Expressed in thousands of US dollars - Unaudited)

			Six months ended June 30,
	Note		2024			2023


Operating Activities
Net income			$	1,839		$	782
Adjustments for non-cash items:
Deferred income tax expense (recovery)				692			(973	)
Depreciation and depletion				1,692			1,419
Accretion of reclamation provision		11		102			23
(Gain) loss on investments		6		(355	)		604
Unrealized foreign exchange gain				(243	)		(499	)
Unwinding of fair value adjustment				-			74
Fair value adjustment on warrant liability				-			(458	)
Write down of equipment and materials and supplies inventory				384			91
Share-based payments				1,071			1,182
				5,182			2,245

Net change in non-cash working capital items		16		(1,757	)		(1,295	)
Cash provided by operating activities				3,425			950

Financing Activities
Shares and units issued for cash, net of issuance costs				3,379			368
Proceeds from option exercise				59			-
Lease liability payments				(924	)		(634	)
Equipment loan payments				(85	)		(142	)
Cash provided by (used in) financing activities				2,429			(408	)

Investing Activities
Exploration and evaluation expenditures				(1,534	)		(663	)
Additions to plant, equipment and mining properties				(1,731	)		(4,920	)
Acquisition of La Preciosa				-			(5,000	)
Cash used in investing activities				(3,265	)		(10,583	)

Change in cash				2,589			(10,041	)

Effect of exchange rate changes on cash				34			3

Cash, beginning				2,688			11,245

Cash, ending			$	5,311		$	1,207

Supplementary Cash Flow Information (Note 16)

The accompanying notes are an integral part of the condensed consolidated interim financial statements

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AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

1. NATURE OF OPERATIONS

Avino Silver & Gold Mines Ltd. (the “Company” or “Avino”) was incorporated in 1968 under the laws of the Province of British Columbia, Canada. The Company is engaged in the production and sale of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties.

The Company’s head office and principal place of business is Suite 900, 570 Granville Street, Vancouver, BC, Canada. The Company is a reporting issuer in Canada (except for the province of Quebec) and the United States, and trades on the Toronto Stock Exchange (“TSX”), the NYSE American, and the Frankfurt and Berlin Stock Exchanges.

The Company operates the Elena Tolosa Mine (“ET Mine” or “Avino Mine”) which produces copper, silver and gold at the historic Avino property in the state of Durango, Mexico. The Avino property also hosts the San Gonzalo Mine, which is currently on care and maintenance. The Company also holds 100% interest in Proyectos Mineros La Preciosa S.A. de C.V. (“La Preciosa”), a Mexican corporation which owns the La Preciosa Property. The Company also owns interests in mineral properties located in British Columbia and Yukon, Canada.

2. BASIS OF PRESENTATION

Statement of Compliance

These unaudited condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (“IAS”) 34 – Interim Financial Reporting under International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”). These unaudited condensed consolidated interim financial statements follow the same accounting policies and methods of application as the most recent annual audited consolidated financial statements of the Company. These unaudited condensed consolidated interim financial statements do not contain all of the information required for full annual consolidated financial statements. Accordingly, these unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’s December 31, 2023, annual consolidated financial statements, which were prepared in accordance with IFRS as issued by the IASB.

These unaudited condensed consolidated interim financial statements are expressed in US dollars and have been prepared on a historical cost basis except for financial instruments that have been measured at fair value. In addition, these unaudited condensed consolidated interim financial statements have been prepared using the accrual basis of accounting on a going concern basis. The accounting policies set out in the December 31, 2023 annual consolidated financial statements are applied consistently to all periods presented in these unaudited condensed consolidated interim financial statements as if the policies have always been in effect.

Foreign Currency Translation

Foreign currency transactions

Transactions in currencies other than the functional currency are recorded at the rates of exchange prevailing on the dates of the transactions. At each financial position reporting date, monetary assets and liabilities that are denominated in foreign currencies are translated at the rates prevailing at the date of the statement of financial position. Non-monetary items that are measured in terms of historical cost in a foreign currency are not re-translated.

Foreign operations

Subsidiaries that have functional currencies other than the US dollar translate their statement of operations items at the average rate during the year. Assets and liabilities are translated at exchange rates prevailing at the end of each reporting period. Exchange rate variations resulting from the retranslation at the closing rate of the net investment in these subsidiaries, together with differences between their statement of operations items translated at actual and average rates, are recognized in accumulated other comprehensive income (loss). On disposition or partial disposition of a foreign operation, the cumulative amount of related exchange difference is recognized in the statement of operations.

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AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

Significant Accounting Judgments and Estimates

The Company’s management makes judgments in its process of applying the Company’s accounting policies to the preparation of its unaudited condensed consolidated interim financial statements. In addition, the preparation of financial data requires that the Company’s management make assumptions and estimates of the impacts on the carrying amounts of the Company’s assets and liabilities at the end of the reporting period from uncertain future events and on the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates as the estimation process is inherently uncertain. Estimates are reviewed on an ongoing basis based on historical experience and other factors that are considered to be relevant under the circumstances. Revisions to estimates and the resulting impacts on the carrying amounts of the Company’s assets and liabilities are accounted for prospectively.

The critical judgments and estimates applied in the preparation of the Company’s unaudited condensed consolidated interim financial statements for the six months ended June 30, 2024, are consistent with those applied and disclosed in Note 2 to the Company’s audited consolidated financial statements for the year ended December 31, 2023.

Basis of Consolidation

The audited consolidated financial statements include the accounts of the Company and its Mexican subsidiaries as follows:

Subsidiary	Ownership Interest	Jurisdiction	Nature of Operations
Oniva Silver and Gold Mines S.A. de C.V.	100%	Mexico	Mexican administration
Nueva Vizcaya Mining, S.A. de C.V.	100%	Mexico	Mexican administration
Promotora Avino, S.A. de C.V. (“Promotora”)	79.09%	Mexico	Holding company
Compañía Minera Mexicana de Avino, S.A. de C.V. (“Avino Mexico”)	98.45% direct 1.22% indirect (Promotora) 99.67% effective	Mexico	Mining and exploration
La Luna Silver & Gold Mines Ltd.	100%	Canada	Holding company
La Preciosa Silver & Gold Mines Ltd.	100%	Canada	Holding company
Proyectos Mineros La Preciosa S.A. de C.V.	100%	Mexico	Mining and exploration
Cervantes LLP	100%	U.S.	Holding company

Intercompany balances and transactions, including unrealized income and expenses arising from intercompany transactions, are eliminated in preparing the consolidated financial statements.

3. RECENT ACCOUNTING PRONOUNCEMENTS

New and amended IFRS that are effective for the current year:

Certain new accounting standards and interpretations have been published that are either applicable in the current year, or are not mandatory for the current period and have not been early adopted. We have assessed these standards, and they are not expected to have a material impact on the Company in the current or future reporting periods.

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AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

4. TAXES RECOVERABLE

The Company’s taxes recoverable consist of the Mexican I.V.A. (“VAT”) and income taxes recoverable and Canadian sales taxes (“GST/HST”) recoverable.

	June 30, 2024		December 31, 2023
VAT recoverable	$	2,002	$	3,231
GST recoverable		30		20
Income taxes recoverable		3,016		3,329
	$	5,048	$	6,580

5. INVENTORY

	June 30, 2024		December 31, 2023
Process material stockpiles	$	3,857	$	4,050
Concentrate inventory		3,289		2,448
Materials and supplies		2,735		2,328
	$	9,881	$	8,826

The amount of inventory recognized as an expense for the three and six months ended June 30, 2024 totalled $9,706 and $19,760 (three and six months ended June, 2023 – $8,084 and $16,058 ). See Note 13 for further details.

During the six months ended June 30, 2024, the Company wrote down Nil of materials and supplies inventory due to obsolescence (year ended December 31, 2023 – 270

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AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

6. LONG-TERM INVESTMENTS

The Company classifies its long-term investments as designated at fair value through profit and loss under IFRS 9. Long-term investments are summarized as follows:

	Fair Value December 31,				Movements in foreign			Fair value adjustments			Fair Value June 30,
	2023		Net Additions		exchange			for the period			2024
Talisker Resources Common Shares	$	782	$	-	$	(25	)	$	390		$	1,147
Silver Wolf Exploration Ltd. (“Silver Wolf”) Common Shares		71		426		(8	)		(17	)		472
Silver Wolf Exploration Ltd. Warrants		-		30		-			-			30
Endurance Gold Corp. Common Shares		81		-		(1	)		(18	)		62
Other		-		1		-			-			1
	$	934	$	457	$	(34	)	$	355		$	1,712

Silver Wolf

During the six months ended June 30, 2024, the Company received 2,292,000 common shares as part of debt settlement from Silver Wolf for C$458. The Company further acquired, by way of participation in Silver Wolf’s Listed Issuer Financing Exemption private placement, 833,334 units at a purchase price of C$0.15 consisting of 833,334 common shares and 416,667 non-transferable common share purchase warrants at an exercise price of C$0.25 as for a total investment of C$125. The share purchase warrants were recorded at a fair value. Any subsequent revaluation under IFRS 9 at fair value through profit and loss will be recorded as a gain or loss on long-term investments.

7. EXPLORATION AND EVALUATION ASSETS

The Company has accumulated the following acquisition, exploration and evaluation costs which are not subject to depletion:

	Avino, Mexico			La Preciosa, Mexico			British Columbia & Yukon, Canada		Total
Balance, December 31, 2022	$	11,828		$	37,975		$	1	$	49,804

La Preciosa non-core concessions transfer		2,946			(2,946	)				-
Drilling and exploration		877			435			-		1,312
Assessments and taxes		88			(930	)		-		(842	)
Effect of movements in exchange rates		22			(122	)		-		(100	)
Option income		(63	)		-			-		(63	)

Balance, December 31, 2023	$	15,698		$	34,412		$	1	$	50,111
Costs incurred during 2024:
Drilling and exploration		101			1,047			-		1,148
Assessments and taxes		100			973			-		1,073
Effect of movements in exchange rates		(6	)		-			-		(6	)

Balance, June 30, 2024	$	15,893		$	36,432		$	1	$	52,326

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AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

(a) Avino, Mexico

The Company’s subsidiary Avino Mexico owns 42 mineral claims and leases four mineral claims in the state of Durango, Mexico. The Company’s mineral claims in Mexico are divided into the following two groups:

(i) Avino Mine area property

The Avino Mine area property is situated around the towns of Panuco de Coronado and San Jose de Avino and surrounding the historic Avino mine site. There are four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares.

(ii) Gomez Palacio/Ana Maria property

The Ana Maria property is located near the town of Gomez Palacio, and consists of nine exploration concessions covering 2,549 hectares, and is also known as the Ana Maria property.

Option Agreement – Silver Wolf Exploration Ltd. (formerly Gray Rock Resources Ltd.) (“Silver Wolf”)

On March 11, 2021, the Company entered into an option agreement to grant Silver Wolf the exclusive right to acquire a 100% interest in the Ana Maria and El Laberinto properties in Mexico (the “Option Agreement”).

All exploration expenditure requirements on the properties have been met as of June 30, 2024, and Silver Wolf is in compliance with the terms of the Option Agreement.

The Option Agreement between the Company and Silver Wolf is considered a related party transaction as the two companies have directors in common.

Unification La Platosa properties

The Unification La Platosa properties, consisting of three leased concessions in addition to the leased concessions situated within the Avino mine area property near the towns of Panuco de Coronado and San Jose de Avino and surrounding the Avino Mine.

In February 2012, the Company’s wholly-owned Mexican subsidiary entered into a new agreement with Minerales de Avino, S.A. de C.V. (“Minerales”) whereby Minerales has indirectly granted to the Company the exclusive right to explore and mine the La Platosa property known as the “ET zone”. The ET zone includes the Avino Mine, where production at levels intended by management was achieved on July 1, 2015.

Under the agreement, the Company has obtained the exclusive right to explore and mine the property for an initial period of 15 years, with the option to extend the agreement for another 5 years. In consideration of the granting of these rights, the Company issued 135,189 common shares with a fair value of C$250 during the year ended December 31, 2012.The Company has agreed to pay to Minerales a royalty equal to 3.5% of net smelter returns (“NSR”). In addition, after the start of production, if the minimum monthly processing rate of the mine facilities is less than 15,000 tonnes, then the Company must pay to Minerales a minimum royalty equal to the applicable NSR royalty based on the processing at a monthly rate of 15,000 tonnes.

Minerales has also granted to the Company the exclusive right to purchase a 100% interest in the property at any time during the term of the agreement (or any renewal thereof), upon payment of $8 million within 15 days of the Company’s notice of election to acquire the property. The purchase would be subject to a separate purchase agreement for the legal transfer of the property.

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AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

(b) La Preciosa, Mexico

La Preciosa is a development stage mineral property located in the state of Durango, Mexico, within the municipalities of Pánuco de Coronado and Canatlán. The Project is hosting one of the largest undeveloped primary silver resources in Mexico, and is located adjacent to Avino’s existing operations at the Avino Property in Durango, Mexico. The property covers an area of approximately 1,134 hectares and is located on the eastern flank of the Sierra Madre Occidental mountain range.

(c) British Columbia & Yukon, Canada

Eagle Property - Yukon

The Company has a 100% interest in 14 quartz leases located in the Mayo Mining Division of Yukon, Canada, which collectively comprise the Eagle property. During the year ended December 31, 2023, the Company sold to a subsidiary of Hecla Mining Company (“Hecla”) the Eagle Property for cash consideration of C$250. The gain on sale of the Eagle Property was recorded to “Interest and other income” on the consolidated statements of operations and comprehensive income (loss).

Minto and Olympic-Kelvin properties – British Columbia

On May 2, 2022, the Company granted Endurance Gold Corporation the right to acquire an option to earn 100% ownership of the former Minto Gold Mine, Olympic and Kelvin gold prospects contained within a parcel of crown grant and mineral claims (the “Olympic Claims”).

As of June 30, 2024, Endurance was in compliance with all terms of the Option agreement.

8. NON-CONTROLLING INTEREST

At June 30, 2024, the Company had an effective 99.67% (December 31, 2023 - 99.67%) interest in its subsidiary Avino Mexico and the remaining 0.33% (December 31, 2023 - 0.33%) interest represents a non-controlling interest. The accumulated deficit and current period income attributable to the non-controlling interest are insignificant and accordingly have not been presented separately in the consolidated financial statements.

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AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

9. PLANT, EQUIPMENT AND MINING PROPERTIES

	Mining properties			Office equipment, furniture, and fixtures			Computer equipment			Mine machinery and transportation equipment			Mill machinery and processing equipment			Buildings and construction in process			Total
	$			$			$			$			$			$			$
COST
Balance at January 1, 2023		14,687			763			774			14,930			23,294			14,693			69,141
Additions / Transfers		3,716			78			1,176			3,270			3,079			701			12,020
Writedowns		-			(6	)		(22	)		(629	)		(141	)		-			(798	)
Effect of movements in exchange rates		(28	)		9			1			2			-			(24	)		(40	)
Balance at December 31, 2023		18,375			844			1,929			17,573			26,232			15,370			80,323
Additions / Transfers		348			374			11			188			1,402			(131	)		2,192
Writedowns		-			(17	)		(12	)		(1,321	)		(23	)		(352	)		(1,725	)
Effect of movements in exchange rates		4			(2	)		1			(1	)		-			(3	)		(1	)
Balance at June 30, 2024		18,727			1,199			1,929			16,439			27,611			14,884			80,789

ACCUMULATED DEPLETION AND DEPRECIATION / IMPAIRMENT
Balance at January 1, 2023		9,106			441			598			5,178			6,733			3,029			25,085
Additions / Transfers		367			111			204			676			1,170			294			2,822
Writedowns		-			(4	)		(21	)		(619	)		(9	)		-			(653	)
Balance at December 31, 2023		9,473			548			781			5,235			7,894			3,323			27,254
Additions / Transfers		209			63			201			1,175			(156	)		155			1,647
Writedowns		-			(16	)		(11	)		(1,146	)		(23	)		(145	)		(1,341	)
Balance at June 30, 2024		9,682			595			971			5,264			7,715			3,333			27,560

NET BOOK VALUE
At June 30, 2024		9,045			604			958			11,175			19,896			11,551			53,229
At December 31, 2023		8,902			296			1,148			12,339			18,338			12,047			53,069

Included in Buildings and construction in process above are assets under construction of $3,186 as at June 30, 2024 (December 31, 2023 - $3,166) on which no depreciation was charged in the periods then ended. Once the assets are available for use, they will be transferred to the appropriate class of plant, equipment and mining properties.

As of June 30, 2024, the Company performed an evaluation of the property plant and equipment and recorded a write-down of $384 (December 31, 2023 - $144) against the carrying value of mine and mill machinery and transportation equipment due to damage and obsolescence.

As at June 30, 2024, plant, equipment and mining properties included a net carrying amount of $6,809 (December 31, 2023 - $5,832) for mining equipment and right of use assets under lease.

-12-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

10. RELATED PARTY TRANSACTIONS AND BALANCES

All related party transactions are recorded at the exchange amount which is the amount agreed to by the Company and the related party.

(a) Key management personnel

The Company has identified its directors and certain senior officers as its key management personnel. The compensation costs for key management personnel for the three and six months ended June 30, 2024 and 2023 is as follows:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries, benefits, and consulting fees	$	320	$	296	$	613	$	580
Share-based payments		507		649		894		970
	$	827	$	945	$	1,507	$	1,550

(b) Amounts due to/from related parties

In the normal course of operations the Company transacts with companies related to Avino’s directors or officers. All amounts payable and receivable are non-interest bearing, unsecured and due on demand.

The following table summarizes the amounts were due to/(from) related parties:

	June 30, 2024		December 31, 2023
Oniva International Services Corp.	$	100	$	102
Directors Fees		50		-
Intermark Capital Corp.		23		-
Silver Wolf Exploration Ltd.		-		(269	)
	$	173	$	(167	)

For services provided to the Company as President and Chief Executive Officer, the Company pays Intermark Capital Corporation (“ICC”), a company controlled by David Wolfin, the Company’s President and CEO and also a director, for consulting services. For the six months ended June 30, 2024, the Company paid $142 (June 30, 2023 - $143) to ICC.

(c) Other related party transactions

The Company has a cost sharing agreement with Oniva International Services Corp. (“Oniva”) for office and administration services. Pursuant to the cost sharing agreement, the Company will reimburse Oniva for the Company’s percentage of overhead and corporate expenses and for out-of-pocket expenses incurred on behalf of the Company, with a 2.5% markup. David Wolfin, President & CEO, and a director of the Company, is the sole owner of Oniva. The cost sharing agreement may be terminated with one-month notice by either party without penalty.

The transactions with Oniva are summarized below:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries and benefits	$	242	$	244	$	496	$	489
Office and miscellaneous		114		124		247		257
	$	356	$	368	$	743	$	746

11. RECLAMATION PROVISION

Management’s estimate of the reclamation provision at June 30, 2024, is $2,104 (December 31, 2023 – $2,195), and the undiscounted value of the obligation is $5,214 (December 31, 2023 – $5,491).

The present value of the obligation was calculated using a risk-free interest rate of 9.72% (December 31, 2023 – 9.82%) and an inflation rate of 3.76% (December 31, 2023 – 3.76%). Reclamation activities are estimated to begin in 2025 for the San Gonzalo Mine and in 2042 for the Avino Mine.

-13-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

A reconciliation of the changes in the Company’s reclamation provision is as follows:

	June 30, 2024			December 31, 2023

Balance at beginning of the period	$	2,195		$	445
Changes in estimates		-			1,615
Unwinding of discount related to continuing operations		102			49
Effect of movements in exchange rates		(193	)		86
Balance at end of the period	$	2,104		$	2,195

12. SHARE CAPITAL AND SHARE-BASED PAYMENTS

(a) Authorized: Unlimited common shares without par value

(b) Issued:

(i) During the six months ended June 30, 2024, the Company issued 4,797,748 common shares in an at-the-market offering under prospectus supplement for gross proceeds of $3,616. The Company paid a 2.75% cash commission of $99 on gross proceeds, for net proceeds of $3,517. The Company also incurred $138 in share issuance costs related to its base shelf prospectus and prospectus supplement filings.

During the six months ended June 30, 2024, the Company issued 1,197,709 common shares upon exercise of RSUs. As a result, $1,018 was recorded to share capital.

During the six months ended June 30, 2023, the Company issued 103,000 common shares following the exercise of 103,000 options. As a result, $90 was recorded to share capital, representing cash proceeds of $31 and the fair value upon issuance of $59.

(ii) During the year ended December 31, 2023, the Company issued 9,373,825 common shares in an at-the-market offering under prospectus supplement for gross proceeds of $5,648. The Company paid a 2.75% cash commission of $155 on gross proceeds, for net proceeds of $5,493. The Company also incurred $339 in share issuance costs related to its base shelf prospectus and prospectus supplement filings.

During the year ended December 31, 2023, the Company issued 1,005,333 common shares upon exercise of RSUs. As a result, $1,019 was recorded to share capital.

(c) Stock options:

The Company has a stock option plan to purchase the Company’s common shares, under which it may grant stock options of up to 10% of the Company’s total number of shares issued and outstanding on a non-diluted basis. The stock option plan provides for the granting of stock options to directors, officers, and employees, and to persons providing investor relations or consulting services, the limits being based on the Company’s total number of issued and outstanding shares per year. The stock options vest on the date of grant, except for those issued to persons providing investor relations services, which vest over a period of one year. The option price must be greater than or equal to the discounted market price on the grant date, and the option term cannot exceed ten years from the grant date.

Continuity of stock options is as follows:

	Underlying Shares			Weighted Average Exercise Price (C$)

Stock options outstanding, January 1, 2023		4,256,000		$	1.36
Granted		2,545,000		$	1.12
Expired		(105,000	)	$	1.30
Cancelled / Forfeited		(30,000	)	$	1.40
Stock options outstanding, December 31, 2023		6,666,000		$	1.27
Granted		2,500,000		$	0.78
Exercised		(103,000	)	$	0.79
Cancelled / Forfeited		(190,000	)	$	1.26
Stock options outstanding, June 30, 2024		8,873,000		$	1.14
Stock options exercisable, June 30, 2024		6,979,000		$	1.23

-14-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

The following table summarizes information about the stock options outstanding and exercisable at June 30, 2024:

			Outstanding				Exercisable
Expiry Date	Price (C$)		Number of Options		Weighted Average Remaining Contractual Life (Years)		Number of Options		Weighted Average Remaining Contractual Life (Years)
August 21, 2024	$	0.79		48,000		0.14		48,000		0.14
August 4, 2025	$	1.64		1,620,000		1.10		1,620,000		1.10
March 25, 2027	$	1.20		2,255,000		2.73		2,255,000		2.73
May 4, 2027	$	0.92		25,000		2.84		25,000		2.84
March 29, 2028	$	1.12		2,300,000		3.75		2,300,000		3.75
July 10, 2028	$	1.12		150,000		4.03		112,500		4.03
March 25, 2029	$	0.78		2,475,000		4.74		618,750		4.74

				8,873,000		3.26		6,979,250		2.45

Valuation of stock options requires the use of estimates and assumptions including the expected stock price volatility. The expected volatility used in valuing stock options is based on volatility observed in historical periods. Changes in the underlying assumptions can materially affect the fair value estimates. The fair value of the stock options was calculated using the Black-Scholes model with the following weighted average assumptions and resulting fair values:

	June 30, 2024			December 31, 2023
Weighted average assumptions:
Risk-free interest rate		3.51	%		3.10	%
Expected dividend yield		0	%		0	%
Expected warrant life (years)		5			5
Expected stock price volatility		60.73	%		61.10	%
Expected forfeiture rate		15	%		17	%
Weighted average fair value	C$0.43			C$0.60

During the six months ended June 30, 2024, the Company charged $432 (six months ended June 30, 2023 - $524) to operations as share-based payments for the fair value of stock options granted.

(d) Restricted Share Units:

On April 19, 2018, the Company’s Restricted Share Unit (“RSU”) Plan was approved by its shareholders. The RSU Plan is administered by the Compensation Committee under the supervision of the Board of Directors as compensation to officers, directors, consultants, and employees. The Compensation Committee determines the terms and conditions upon which a grant is made, including any performance criteria or vesting period.

-15-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

Upon vesting, each RSU entitles the participant to receive one common share, provided that the participant is continuously employed with or providing services to the Company. RSUs track the value of the underlying common shares, but do not entitle the recipient to the underlying common shares until such RSUs vest, nor do they entitle a holder to exercise voting rights or any other rights attached to ownership or control of the common shares, until the RSU vests and the RSU participant receives common shares.

Continuity of RSUs is as follows:

	Underlying Shares			Weighted Average Price (C$)

RSUs outstanding, January 1, 2023		2,190,666		$	1.27
Granted		1,878,320		$	1.11
Exercised		(1,005,334	)	$	1.37
Cancelled / Forfeited		(68,943	)	$	1.14
RSUs outstanding, December 31, 2023		2,994,709		$	1.03
Granted		1,881,000		$	1.02
Exercised		(1,197,709	)	$	1.15
Cancelled / Forfeited		(137,132	)	$	1.08
RSUs outstanding, June 30, 2024		3,540,868		$	1.08

The following table summarizes information about the RSUs outstanding at June 30, 2024:

Issuance Date	Price (C$)		Number of RSUs Outstanding
March 25, 2022	$	1.19		556,539
March 29, 2023	$	1.12		1,124,288
July 10, 2023	$	0.94		50,000
April 1, 2024	$	1.02		1,810,041
				3,540,868

During the six months ended June 30, 2024, 1,810,041 RSUs (year ended December 31, 2023 – 1,878,320) were granted. The weighted average fair value at the measurement date was C$1.02, based on the TSX market price of the Company’s shares on the date the RSUs were granted.

During the six months ended June 30, 2024, the Company charged $638 (June 30, 2023 - $658) to operations as share-based payments for the fair value of the RSUs vested. The fair value of the RSUs is recognized over the vesting period with reference to vesting conditions and the estimated RSUs expected to vest.

-16-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

(e)Earnings per share:

The calculations for basic earnings per share and diluted earnings per share are as follows:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Net income for the period	$	1,240	$	1,134	$	1,839	$	782
Basic weighted average number of shares outstanding		133,622,131		119,195,457		131,834,975		118,887,538
Effect of dilutive share options, warrants, and RSUs (‘000)		5,326,470		4,018,752		5,372,565		4,020,189
Diluted weighted average number of shares outstanding		138,948,601		123,214,209		137,207,540		122,907,727
Basic income per share	$	0.01	$	0.01	$	0.01	$	0.01
Diluted income per share	$	0.01	$	0.01	$	0.01	$	0.01

13. REVENUE AND COST OF SALES

The Company’s revenues for the six months ended June 30, 2024 and 2023, are all attributable to Mexico, from shipments of concentrate from the Avino Mine.

	Three months ended June 30,					Six months ended June 30,
	2024		2023			2024		2023
Concentrate sales	$	14,346	$	9,838		$	27,020	$	19,830
Provisional pricing adjustments		441		(620	)		160		(787	)
	$	14,787	$	9,218		$	27,180	$	19,043

Cost of sales consists of changes in inventories, direct costs including personnel costs, mine site costs, energy costs (principally diesel fuel and electricity), maintenance and repair costs, operating supplies, external services, third party transport fees, depreciation and depletion, and other expenses for the periods. Direct costs include the costs of extracting co-products.

Cost of sales is based on the weighted average cost of inventory sold for the periods and consists of the following:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Production costs	$	8,910	$	7,407	$	18,143	$	14,711
Write down of equipment and materials and supplies inventory		384		91		384		91
Depreciation and depletion		796		677		1,617		1,347
	$	10,090	$	8,175	$	20,144	$	16,149

-17-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

14. GENERAL AND ADMINISTRATIVE EXPENSES

General and administrative expenses consist of the following:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries and benefits	$	459	$	291	$	855	$	686
Office and miscellaneous		577		425		958		617
Management and consulting fees		158		97		265		203
Investor relations		108		86		181		167
Travel and promotion		42		39		77		93
Professional fees		310		464		469		703
Directors fees		46		45		90		89
Regulatory and compliance fees		51		53		93		91
Depreciation		40		35		75		70
	$	1,791	$	1,535	$	3,063	$	2,719

15. COMMITMENTS

The Company has a cost sharing agreement to reimburse Oniva for a percentage of its overhead expenses, to reimburse 100% of its out-of-pocket expenses incurred on behalf of the Company, and to pay a percentage fee based on Oniva’s total overhead and corporate expenses. The agreement may be terminated with one-month notice by either party. Transactions and balances with Oniva are disclosed in Note 10.

The Company and its subsidiaries have various operating lease agreements for their office premises, use of land, and equipment. Commitments in respect of these lease agreements are as follows:

	June 30, 2024		December 31, 2023
Not later than one year	$	199	$	714
Later than one year and not later than five years		1,173		1,241
Later than five years		3,747		3,965
	$	5,119	$	5,920

Office lease payments recognized as an expense during the six months ended June 30, 2024, totalled $21 (June 30, 2023 - $18).

-18-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

16. SUPPLEMENTARY CASH FLOW INFORMATION

	June 30, 2024			June 30, 2023
Net change in non-cash working capital items:
Inventory	$	(1,100	)	$	(2,569	)
Prepaid expenses and other assets		(417	)		(484	)
Taxes recoverable		1,532			(1,702	)
Taxes payable		169			(836	)
Accounts payable and accrued liabilities		(1,943	)		2,465
Amounts receivable		122			1,824
Amounts due to related parties		(120	)		7
	$	(1,757	)	$	(1,295	)

	June 30, 2024		June 30, 2023
Other supplementary information:
Interest paid	$	123	$	106
Taxes paid		13		15
	$	136	$	121

	June 30, 2024		June 30, 2023
Non-cash investing and financing activities:
Shares acquired under terms of option agreements		-		41
Transfer of share-based payments reserve upon exercise of RSUs		1,018		512
Transfer of share-based payments reserve upon exercise of Options		90		-
Equipment acquired under finance leases and equipment loans		820		2,925
	$	1,928	$	3,478

17. FINANCIAL INSTRUMENTS

The fair values of the Company’s amounts due to related parties and accounts payable approximate their carrying values because of the short-term nature of these instruments. Cash, amounts receivable, long-term investments, and warrant liability are recorded at fair value. The carrying amounts of the Company’s equipment loans, and finance lease obligations are a reasonable approximation of their fair values based on current market rates for similar financial instruments.

The Company’s financial instruments are exposed to certain financial risks, including credit risk, liquidity risk, and market risk.

(a) Credit Risk

Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Company has exposure to credit risk through its cash, long-term investments and amounts receivable. The Company manages credit risk, in respect of cash and short-term investments, by maintaining the majority of cash and short-term investments at highly rated financial institutions.

-19-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

The Company is exposed to a significant concentration of credit risk with respect to its trade accounts receivable balance because all of its concentrate sales are with three (December 31, 2022 – two) counterparties (see Note 18). However, the Company has not recorded any allowance against its trade receivables because to-date all balances owed have been settled in full when due (typically within 60 days of submission) and because of the nature of the counterparties.

The Company’s maximum exposure to credit risk at the end of any period is equal to the carrying amount of these financial assets as recorded in the unaudited condensed consolidated interim statement of financial position. At March 31, 2024, no amounts were held as collateral.

(b) Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in satisfying financial obligations as they become due. The Company manages its liquidity risk by forecasting cash flows required by its operating, investing and financing activities. The Company had cash at June 30, 2024, in the amount of $5,311 and current assets exceeded current liabilities by $13,570 in order to meet short-term business requirements. Accounts payable have contractual maturities of approximately 30 to 90 days, or are due on demand and are subject to normal trade terms. The current portions of finance lease obligations are due within 12 months of the consolidated statement of financial position date. Amounts due to related parties are without stated terms of interest or repayment.

The maturity profiles of the Company’s contractual obligations and commitments as at June 30, 2024, are summarized as follows:

	Total		Less Than 1 Year		1-5 years		More Than 5 Years
Accounts payable and accrued liabilities	$	9,923	$	9,923	$	-	$	-
Due to related parties		173		173
Minimum rental and lease payments		5,119		199		1,173		3,747
Equipment loans		295		182		113		-
Finance lease obligations		3,591		1,860		1,731		-
Total	$	19,101	$	12,337	$	3,017	$	3,747

(c) Market Risk

Market risk consists of interest rate risk, foreign currency risk and price risk. These are discussed further below.

Interest Rate Risk

Interest rate risk consists of two components:

(i) To the extent that payments made or received on the Company’s monetary assets and liabilities are affected by changes in the prevailing market interest rates, the Company is exposed to interest rate cash flow risk.

(ii) To the extent that changes in prevailing market rates differ from the interest rates on the Company’s monetary assets and liabilities, the Company is exposed to interest rate price risk.

In management’s opinion, the Company is not materially exposed to interest rate risk, as any material debt obligations that bear interest are fixed and not subject to floating interest rates. A 10% change in the interest rate would not result in a material impact on the Company’s operations.

-20-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in foreign exchange rates. The Company is exposed to foreign currency risk to the extent that the following monetary assets and liabilities are denominated in Mexican pesos and Canadian dollars:

	June 30, 2024						December 31, 2023
	MXN			CDN			MXN			CDN
Cash	$	6,283		$	437		$	13,338		$	70
Due from related parties		-			-			4,558			-
Long-term investments		-			2,343			-			1,236
Reclamation bonds		-			6			-			6
Amounts receivable		293			40			18,644			26
Accounts payable and accrued liabilities		(69,437	)		(275	)		(95,662	)		(150	)
Due to related parties		-			(236	)		-			(135	)
Finance lease obligations		(991	)		(618	)		(1,129	)		(217	)
Net exposure		(63,852	)		1,697			(60,251	)		836
US dollar equivalent	$	(3,126	)	$	1,127		$	(3,567	)	$	577

Based on the net US dollar denominated asset and liability exposures as at June 30, 2024, a 10% fluctuation in the US/Mexican and Canadian/US exchange rates would impact the Company’s earnings for the six months ended June 30, 2024, by approximately $235. The Company has not entered into any foreign currency contracts to mitigate this risk.

Price Risk

Price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market prices, other than those arising from interest rate risk or foreign currency risk.

The Company is exposed to price risk with respect to its amounts receivable, as certain trade accounts receivable are recorded based on provisional terms that are subsequently adjusted according to quoted metal prices at the date of final settlement. Quoted metal prices are affected by numerous factors beyond the Company’s control and are subject to volatility, and the Company does not employ hedging strategies to limit its exposure to price risk. At June 30, 2024, based on outstanding accounts receivable that were subject to pricing adjustments, a 10% change in metals prices would have an impact on net earnings (loss) of approximately $106.

The Company is exposed to price risk with respect to its long-term investments, as these investments are carried at fair value based on quoted market prices. Changes in market prices result in gains or losses being recognized in net income (loss). At June 30, 2024, a 10% change in market prices would have an impact on net earnings (loss) of approximately $169.

The Company’s profitability and ability to raise capital to fund exploration, evaluation and production activities is subject to risks associated with fluctuations in mineral prices. Management closely monitors commodity prices, individual equity movements, and the stock market to determine the appropriate course of action to be taken by the Company.

-21-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

(d) Classification of Financial Instruments

IFRS 13 Financial Instruments: Disclosures establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value as follows:

Level 1 – quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2 – inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and

Level 3 – inputs for the asset or liability that are not based on observable market data (unobservable inputs).

The following table sets forth the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy as at June 30, 2024:

	Level 1		Level 2		Level 3
Financial assets
Cash	$	5,311	$	-	$	-
Amounts receivable		-		3,182		-
Long-term investments		1,712		-		-
Total financial assets	$	7,023	$	3,182	$	-

The Company uses Black-Scholes model to measure its Level 3 financial instruments. As at June 30, 2024 the Company’s has no Level 3 financial instruments.

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 June 30, 2024.

The Company’s revenues for the six months ended June 30, 2024 of $27,180 (June 30, 2023 - $19,043) 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 condensed consolidated interim statements of operations, the Company had revenue from the following product mixes:

	Three months ended June 30,						Six months ended June 30,
	2024			2023			2024			2023
Silver	$	6,748		$	3,722		$	11,784		$	7,330
Copper		5,926			4,062			11,832			8,751
Gold		3,502			2,712			6,535			5,847
Penalties, treatment costs and refining charges		(1,389	)		(1,278	)		(2,971	)		(2,885	)
Total revenue from mining operations	$	14,787		$	9,218		$	27,180		$	19,043

-22-

AVINO SILVER & GOLD MINES LTD.

Notes to the unaudited condensed consolidated interim financial statements

For the six months ended June 30, 2024, and 2023

(Expressed in thousands of US dollars, except where otherwise noted)

For the three and six months ended June 30, 2024 and 2023, the Company had the following customers that accounted for total revenues as follows:

	Three months ended June 30,					Six months ended June 30,
	2024		2023			2024		2023
Customer #1	$	12,691	$	7,883		$	21,287	$	17,108
Customer #2		1,659		1,426			5,443		2,026
Other customers		437		(91	)		450		(91	)
Total revenue from mining operations	$	14,787	$	9,218		$	27,180	$	19,043

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

	June 30, 2024		December 31, 2023
Exploration and evaluation assets - Mexico	$	53,133	$	50,110
Exploration and evaluation assets - Canada		1		1
Total exploration and evaluation assets	$	53,134	$	50,111

	June 30, 2024		December 31, 2023
Plant, equipment, and mining properties - Mexico	$	52,755	$	52,891
Plant, equipment, and mining properties - Canada		474		178
Total plant, equipment, and mining properties	$	53,229	$	53,069

19. SUBSEQUENT EVENTS

At-The-Market Sales – Subsequent to June 30, 2024, the Company issued 131,347 common shares in at-the-market offerings under prospectus supplement for gross proceeds of $145.

-23-

null

Cover	6 Months Ended
Cover	Jun. 30, 2024
Cover [Abstract]
Entity Registrant Name	AVINO SILVER & GOLD MINES LTD.
Entity Central Index Key	0000316888
Document Type	6-K
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity File Number	001-35254
Entity Address Address Line 1	Suite 900
Entity Address Address Line 2	570 Granville Street
Entity Address City Or Town	Vancouver
Entity Address Postal Zip Code	V6C 3P1
Entity Address State Or Province	BC

Condensed Consolidated Interim Statements of Financial Position - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash	$ 5,311	$ 2,688
Amounts receivable	3,182	3,303
Amounts due from related parties	0	167
Taxes recoverable	5,048	6,580
Prepaid expenses and other assets	2,378	1,971
Inventory	9,881	8,826
Total current assets	25,800	23,535
Exploration and evaluation assets	52,326	50,111
Plant, equipment and mining properties	53,229	53,069
Long-term investments	1,712	934
Other assets	635	691
Total assets	133,702	128,340
Current liabilities
Accounts payable and accrued liabilities	9,923	11,867
Amounts due to related parties	173	0
Taxes payable	297	127
Current portion of finance lease obligations	1,672	1,650
Current portion of equipment loans	165	164
Total current liabilities	12,230	13,808
Finance lease obligations	1,645	1,445
Equipment loans	110	195
Reclamation provision	2,104	2,195
Deferred income tax liabilities	5,388	4,696
Total liabilities	21,477	22,339
EQUITY
Share capital	156,175	151,688
Equity reserves	11,063	11,041
Treasury shares	(97)	(97)
Accumulated other comprehensive loss	(5,332)	(5,208)
Accumulated deficit	(49,584)	(51,423)
Total equity	112,225	106,001
Total liabilities and equity	$ 133,702	$ 128,340

Condensed Consolidated Interim Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Condensed Consolidated Interim Statements of Operations and Comprehensive Income (Loss)
Revenue from mining operations	$ 14,787	$ 9,218	$ 27,180	$ 19,043
Cost of sales	10,090	8,175	20,144	16,149
Mine operating income	4,697	1,043	7,036	2,894
Operating expenses
General and administrative expenses	1,791	1,535	3,063	2,719
Share-based payments	647	843	1,070	1,182
Income loss	2,259	(1,335)	2,903	(1,007)
Other items
Interest and other income	151	20	154	229
Gain (loss) on long-term investments	223	(285)	355	(604)
Fair value adjustment on warrant liability	0	751	0	458
Unrealized foreign exchange gain	92	552	172	416
Finance cost	(3)	(3)	(5)	(77)
Accretion of reclamation provision	(51)	(12)	(102)	(23)
Interest expense	(81)	(72)	(171)	(117)
Income (loss) before income taxes	2,590	(384)	3,306	(725)
Income taxes:
Current income tax expense	(576)	559	(775)	534
Deferred income tax recovery	(774)	959	(692)	973
Income tax expense	(1,350)	1,518	(1,467)	1,507
Net income (loss)	1,240	1,134	1,839	782
Items that may be reclassified subsequently to profit or loss:
Currency translation differences	(13)	(313)	(124)	(576)
Total comprehensive income (loss)	$ 1,227	$ 821	$ 1,715	$ 206
Earnings (loss) per share
Basic	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Diluted	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Weighted average number of common shares outstanding
Basic	133,622,131	119,195,457	131,834,975	118,887,538
Diluted	138,948,601	123,214,209	137,207,540	122,907,727

Condensed Consolidated Interim Statements of Changes in Equity - USD ($) $ in Thousands	Total	Equity Reserves	Treasury Shares	Number of Common Shares	Accumulated other comprehensive loss	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2022				118,349,090
Balance, amount at Dec. 31, 2022	$ 98,021	$ 9,852	$ (97)	$ 145,515	$ (5,223)	$ (52,026)
Statement [Line Items]
At the market issuances, shares				837,700
At the market issuances, amount	586	0	0	$ 586	0	0
Carrying value of RSUs exercised, shares				592,667
Carrying value of RSUs exercised, amount	0	(512)	0	$ 512	0	0
Issuance costs	(218)	0	0	(218)	0	0
Share-based payments	1,182	1,182	0	0	0	0
Net loss for the period	782	0	0	0	0	782
Currency translation differences	(576)	0	0	0	(576)	0
Balance, amount at Jun. 30, 2023	99,777	10,522	(97)	$ 146,395	(5,799)	(51,244)
Balance, shares at Jun. 30, 2023				119,779,457
Balance, shares at Dec. 31, 2023				128,728,248
Balance, amount at Dec. 31, 2023	106,001	11,041	(97)	$ 151,688	(5,208)	(51,423)
Statement [Line Items]
At the market issuances, shares				4,797,748
At the market issuances, amount	3,616	0	0	$ 3,616	0	0
Carrying value of RSUs exercised, shares				1,197,709
Carrying value of RSUs exercised, amount	0	(1,018)	0	$ 1,018	0	0
Issuance costs	(237)	0	0	(237)	0	0
Share-based payments	1,071	1,071	0	0	0	0
Net loss for the period	1,839
Currency translation differences	(124)	0	0	$ 0	(124)	0
Exercise of options, shares				103,000
Exercise of options, amount	59	(31)	0	$ 90	0	0
Net income for the period	1,839	0	0	0	0	1,839
Balance, amount at Jun. 30, 2024	$ 112,225	$ 11,063	$ (97)	$ 156,175	$ (5,332)	$ (49,584)
Balance, shares at Jun. 30, 2024	131,347			134,826,705

Condensed Consolidated Interim Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net income	$ 1,839	$ 782
Adjustments for non-cash items:
Deferred income tax expense (recovery)	692	(973)
Depreciation and depletion	1,692	1,419
Accretion of reclamation provision	102	23
(Gain) loss on investments	(355)	604
Unrealized foreign exchange gain	(243)	(499)
Unwinding of fair value adjustment	0	74
Fair value adjustment on warrant liability	0	(458)
Write down of equipment and materials and supplies inventory	384	91
Share-based payments	1,071	1,182
Total adjustments for non cash	5,182	2,245
Net change in non-cash working capital items	(1,757)	(1,295)
Cash provided by operating activities	3,425	950
Financing Activities
Shares and units issued for cash, net of issuance costs	3,379	368
Proceeds from option exercise	59	0
Lease liability payments	(924)	(634)
Equipment loan payments	(85)	(142)
Cash provided by (used in) financing activities	2,429	(408)
Investing Activities
Exploration and evaluation expenditures	(1,534)	(663)
Additions to plant, equipment and mining properties	(1,731)	(4,920)
Acquisition of La Preciosa	0	(5,000)
Cash used in investing activities	(3,265)	(10,583)
Change in cash	2,589	(10,041)
Effect of exchange rate changes on cash	34	3
Cash, beginning	2,688	11,245
Cash, ending	$ 5,311	$ 1,207

NATURE OF OPERATIONS

6 Months Ended

Jun. 30, 2024

NATURE OF OPERATIONS

1. NATURE OF OPERATIONS

BASIS OF PRESENTATION

6 Months Ended

Jun. 30, 2024

BASIS OF PRESENTATION

2. BASIS OF PRESENTATION

Statement of Compliance

Foreign Currency Translation

Foreign currency transactions

Foreign operations

Significant Accounting Judgments and Estimates

Basis of Consolidation

The audited consolidated financial statements include the accounts of the Company and its Mexican subsidiaries as follows:

Subsidiary	Ownership Interest	Jurisdiction	Nature of Operations
Oniva Silver and Gold Mines S.A. de C.V.	100%	Mexico	Mexican administration
Nueva Vizcaya Mining, S.A. de C.V.	100%	Mexico	Mexican administration
Promotora Avino, S.A. de C.V. (“Promotora”)	79.09%	Mexico	Holding company
Compañía Minera Mexicana de Avino, S.A. de C.V. (“Avino Mexico”)	98.45% direct 1.22% indirect (Promotora) 99.67% effective	Mexico	Mining and exploration
La Luna Silver & Gold Mines Ltd.	100%	Canada	Holding company
La Preciosa Silver & Gold Mines Ltd.	100%	Canada	Holding company
Proyectos Mineros La Preciosa S.A. de C.V.	100%	Mexico	Mining and exploration
Cervantes LLP	100%	U.S.	Holding company

Intercompany balances and transactions, including unrealized income and expenses arising from intercompany transactions, are eliminated in preparing the consolidated financial statements.

RECENT ACCOUNTING PRONOUNCEMENTS

6 Months Ended

Jun. 30, 2024

RECENT ACCOUNTING PRONOUNCEMENTS

3. RECENT ACCOUNTING PRONOUNCEMENTS

New and amended IFRS that are effective for the current year:

TAXES RECOVERABLE

6 Months Ended

Jun. 30, 2024

TAXES RECOVERABLE

4. TAXES RECOVERABLE

The Company’s taxes recoverable consist of the Mexican I.V.A. (“VAT”) and income taxes recoverable and Canadian sales taxes (“GST/HST”) recoverable.

	June 30, 2024		December 31, 2023
VAT recoverable	$	2,002	$	3,231
GST recoverable		30		20
Income taxes recoverable		3,016		3,329
	$	5,048	$	6,580

INVENTORY

6 Months Ended

Jun. 30, 2024

INVENTORY

5. INVENTORY

	June 30, 2024		December 31, 2023
Process material stockpiles	$	3,857	$	4,050
Concentrate inventory		3,289		2,448
Materials and supplies		2,735		2,328
	$	9,881	$	8,826

During the six months ended June 30, 2024, the Company wrote down Nil of materials and supplies inventory due to obsolescence (year ended December 31, 2023 – 270

LONGTERM INVESTMENTS

6 Months Ended

Jun. 30, 2024

LONG-TERM INVESTMENTS

6. LONG-TERM INVESTMENTS

The Company classifies its long-term investments as designated at fair value through profit and loss under IFRS 9. Long-term investments are summarized as follows:

	Fair Value December 31,				Movements in foreign			Fair value adjustments			Fair Value June 30,
	2023		Net Additions		exchange			for the period			2024
Talisker Resources Common Shares	$	782	$	-	$	(25	)	$	390		$	1,147
Silver Wolf Exploration Ltd. (“Silver Wolf”) Common Shares		71		426		(8	)		(17	)		472
Silver Wolf Exploration Ltd. Warrants		-		30		-			-			30
Endurance Gold Corp. Common Shares		81		-		(1	)		(18	)		62
Other		-		1		-			-			1
	$	934	$	457	$	(34	)	$	355		$	1,712

Silver Wolf

EXPLORATION AND EVALUATION ASSETS

6 Months Ended

Jun. 30, 2024

EXPLORATION AND EVALUATION ASSETS

7. EXPLORATION AND EVALUATION ASSETS

The Company has accumulated the following acquisition, exploration and evaluation costs which are not subject to depletion:

	Avino, Mexico			La Preciosa, Mexico			British Columbia & Yukon, Canada		Total
Balance, December 31, 2022	$	11,828		$	37,975		$	1	$	49,804

La Preciosa non-core concessions transfer		2,946			(2,946	)				-
Drilling and exploration		877			435			-		1,312
Assessments and taxes		88			(930	)		-		(842	)
Effect of movements in exchange rates		22			(122	)		-		(100	)
Option income		(63	)		-			-		(63	)

Balance, December 31, 2023	$	15,698		$	34,412		$	1	$	50,111
Costs incurred during 2024:
Drilling and exploration		101			1,047			-		1,148
Assessments and taxes		100			973			-		1,073
Effect of movements in exchange rates		(6	)		-			-		(6	)

Balance, June 30, 2024	$	15,893		$	36,432		$	1	$	52,326

(a) Avino, Mexico

(i) Avino Mine area property

(ii) Gomez Palacio/Ana Maria property

The Ana Maria property is located near the town of Gomez Palacio, and consists of nine exploration concessions covering 2,549 hectares, and is also known as the Ana Maria property.

Option Agreement – Silver Wolf Exploration Ltd. (formerly Gray Rock Resources Ltd.) (“Silver Wolf”)

All exploration expenditure requirements on the properties have been met as of June 30, 2024, and Silver Wolf is in compliance with the terms of the Option Agreement.

The Option Agreement between the Company and Silver Wolf is considered a related party transaction as the two companies have directors in common.

Unification La Platosa properties

(b) La Preciosa, Mexico

(c) British Columbia & Yukon, Canada

Eagle Property - Yukon

Minto and Olympic-Kelvin properties – British Columbia

As of June 30, 2024, Endurance was in compliance with all terms of the Option agreement.

NONCONTROLLING INTEREST

6 Months Ended

Jun. 30, 2024

NON-CONTROLLING INTEREST

8. NON-CONTROLLING INTEREST

PLANT EQUIPMENT AND MINING PROPERTIES

6 Months Ended

Jun. 30, 2024

PLANT EQUIPMENT AND MINING PROPERTIES

PLANT, EQUIPMENT AND MINING PROPERTIES

9. PLANT, EQUIPMENT AND MINING PROPERTIES

	Mining properties			Office equipment, furniture, and fixtures			Computer equipment			Mine machinery and transportation equipment			Mill machinery and processing equipment			Buildings and construction in process			Total
	$			$			$			$			$			$			$
COST
Balance at January 1, 2023		14,687			763			774			14,930			23,294			14,693			69,141
Additions / Transfers		3,716			78			1,176			3,270			3,079			701			12,020
Writedowns		-			(6	)		(22	)		(629	)		(141	)		-			(798	)
Effect of movements in exchange rates		(28	)		9			1			2			-			(24	)		(40	)
Balance at December 31, 2023		18,375			844			1,929			17,573			26,232			15,370			80,323
Additions / Transfers		348			374			11			188			1,402			(131	)		2,192
Writedowns		-			(17	)		(12	)		(1,321	)		(23	)		(352	)		(1,725	)
Effect of movements in exchange rates		4			(2	)		1			(1	)		-			(3	)		(1	)
Balance at June 30, 2024		18,727			1,199			1,929			16,439			27,611			14,884			80,789

ACCUMULATED DEPLETION AND DEPRECIATION / IMPAIRMENT
Balance at January 1, 2023		9,106			441			598			5,178			6,733			3,029			25,085
Additions / Transfers		367			111			204			676			1,170			294			2,822
Writedowns		-			(4	)		(21	)		(619	)		(9	)		-			(653	)
Balance at December 31, 2023		9,473			548			781			5,235			7,894			3,323			27,254
Additions / Transfers		209			63			201			1,175			(156	)		155			1,647
Writedowns		-			(16	)		(11	)		(1,146	)		(23	)		(145	)		(1,341	)
Balance at June 30, 2024		9,682			595			971			5,264			7,715			3,333			27,560

NET BOOK VALUE
At June 30, 2024		9,045			604			958			11,175			19,896			11,551			53,229
At December 31, 2023		8,902			296			1,148			12,339			18,338			12,047			53,069

As at June 30, 2024, plant, equipment and mining properties included a net carrying amount of $6,809 (December 31, 2023 - $5,832) for mining equipment and right of use assets under lease.

RELATED PARTY TRANSACTIONS AND BALANCES

6 Months Ended

Jun. 30, 2024

RELATED PARTY TRANSACTIONS AND BALANCES

10. RELATED PARTY TRANSACTIONS AND BALANCES

All related party transactions are recorded at the exchange amount which is the amount agreed to by the Company and the related party.

(a) Key management personnel

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries, benefits, and consulting fees	$	320	$	296	$	613	$	580
Share-based payments		507		649		894		970
	$	827	$	945	$	1,507	$	1,550

(b) Amounts due to/from related parties

The following table summarizes the amounts were due to/(from) related parties:

	June 30, 2024		December 31, 2023
Oniva International Services Corp.	$	100	$	102
Directors Fees		50		-
Intermark Capital Corp.		23		-
Silver Wolf Exploration Ltd.		-		(269	)
	$	173	$	(167	)

(c) Other related party transactions

The transactions with Oniva are summarized below:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries and benefits	$	242	$	244	$	496	$	489
Office and miscellaneous		114		124		247		257
	$	356	$	368	$	743	$	746

RECLAMATION PROVISION

6 Months Ended

Jun. 30, 2024

RECLAMATION PROVISION

RECLAMATION PROVISION

11. RECLAMATION PROVISION

Management’s estimate of the reclamation provision at June 30, 2024, is $2,104 (December 31, 2023 – $2,195), and the undiscounted value of the obligation is $5,214 (December 31, 2023 – $5,491).

A reconciliation of the changes in the Company’s reclamation provision is as follows:

	June 30, 2024			December 31, 2023

Balance at beginning of the period	$	2,195		$	445
Changes in estimates		-			1,615
Unwinding of discount related to continuing operations		102			49
Effect of movements in exchange rates		(193	)		86
Balance at end of the period	$	2,104		$	2,195

SHARE CAPITAL AND SHAREBASED PAYMENTS

6 Months Ended

Jun. 30, 2024

SHARE CAPITAL AND SHAREBASED PAYMENTS

SHARE CAPITAL AND SHARE-BASED PAYMENTS

12. SHARE CAPITAL AND SHARE-BASED PAYMENTS

(a) Authorized: Unlimited common shares without par value

(b) Issued:

During the six months ended June 30, 2024, the Company issued 1,197,709 common shares upon exercise of RSUs. As a result, $1,018 was recorded to share capital.

During the year ended December 31, 2023, the Company issued 1,005,333 common shares upon exercise of RSUs. As a result, $1,019 was recorded to share capital.

(c) Stock options:

Continuity of stock options is as follows:

	Underlying Shares			Weighted Average Exercise Price (C$)

Stock options outstanding, January 1, 2023		4,256,000		$	1.36
Granted		2,545,000		$	1.12
Expired		(105,000	)	$	1.30
Cancelled / Forfeited		(30,000	)	$	1.40
Stock options outstanding, December 31, 2023		6,666,000		$	1.27
Granted		2,500,000		$	0.78
Exercised		(103,000	)	$	0.79
Cancelled / Forfeited		(190,000	)	$	1.26
Stock options outstanding, June 30, 2024		8,873,000		$	1.14
Stock options exercisable, June 30, 2024		6,979,000		$	1.23

The following table summarizes information about the stock options outstanding and exercisable at June 30, 2024:

			Outstanding				Exercisable
Expiry Date	Price (C$)		Number of Options		Weighted Average Remaining Contractual Life (Years)		Number of Options		Weighted Average Remaining Contractual Life (Years)
August 21, 2024	$	0.79		48,000		0.14		48,000		0.14
August 4, 2025	$	1.64		1,620,000		1.10		1,620,000		1.10
March 25, 2027	$	1.20		2,255,000		2.73		2,255,000		2.73
May 4, 2027	$	0.92		25,000		2.84		25,000		2.84
March 29, 2028	$	1.12		2,300,000		3.75		2,300,000		3.75
July 10, 2028	$	1.12		150,000		4.03		112,500		4.03
March 25, 2029	$	0.78		2,475,000		4.74		618,750		4.74

				8,873,000		3.26		6,979,250		2.45

	June 30, 2024			December 31, 2023
Weighted average assumptions:
Risk-free interest rate		3.51	%		3.10	%
Expected dividend yield		0	%		0	%
Expected warrant life (years)		5			5
Expected stock price volatility		60.73	%		61.10	%
Expected forfeiture rate		15	%		17	%
Weighted average fair value	C$0.43			C$0.60

During the six months ended June 30, 2024, the Company charged $432 (six months ended June 30, 2023 - $524) to operations as share-based payments for the fair value of stock options granted.

(d) Restricted Share Units:

Continuity of RSUs is as follows:

	Underlying Shares			Weighted Average Price (C$)

RSUs outstanding, January 1, 2023		2,190,666		$	1.27
Granted		1,878,320		$	1.11
Exercised		(1,005,334	)	$	1.37
Cancelled / Forfeited		(68,943	)	$	1.14
RSUs outstanding, December 31, 2023		2,994,709		$	1.03
Granted		1,881,000		$	1.02
Exercised		(1,197,709	)	$	1.15
Cancelled / Forfeited		(137,132	)	$	1.08
RSUs outstanding, June 30, 2024		3,540,868		$	1.08

The following table summarizes information about the RSUs outstanding at June 30, 2024:

Issuance Date	Price (C$)		Number of RSUs Outstanding
March 25, 2022	$	1.19		556,539
March 29, 2023	$	1.12		1,124,288
July 10, 2023	$	0.94		50,000
April 1, 2024	$	1.02		1,810,041
				3,540,868

(e)Earnings per share:

The calculations for basic earnings per share and diluted earnings per share are as follows:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Net income for the period	$	1,240	$	1,134	$	1,839	$	782
Basic weighted average number of shares outstanding		133,622,131		119,195,457		131,834,975		118,887,538
Effect of dilutive share options, warrants, and RSUs (‘000)		5,326,470		4,018,752		5,372,565		4,020,189
Diluted weighted average number of shares outstanding		138,948,601		123,214,209		137,207,540		122,907,727
Basic income per share	$	0.01	$	0.01	$	0.01	$	0.01
Diluted income per share	$	0.01	$	0.01	$	0.01	$	0.01

REVENUE AND COST OF SALES

6 Months Ended

Jun. 30, 2024

REVENUE AND COST OF SALES

REVENUE AND COST OF SALES

13. REVENUE AND COST OF SALES

The Company’s revenues for the six months ended June 30, 2024 and 2023, are all attributable to Mexico, from shipments of concentrate from the Avino Mine.

	Three months ended June 30,					Six months ended June 30,
	2024		2023			2024		2023
Concentrate sales	$	14,346	$	9,838		$	27,020	$	19,830
Provisional pricing adjustments		441		(620	)		160		(787	)
	$	14,787	$	9,218		$	27,180	$	19,043

Cost of sales is based on the weighted average cost of inventory sold for the periods and consists of the following:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Production costs	$	8,910	$	7,407	$	18,143	$	14,711
Write down of equipment and materials and supplies inventory		384		91		384		91
Depreciation and depletion		796		677		1,617		1,347
	$	10,090	$	8,175	$	20,144	$	16,149

GENERAL AND ADMINISTRATIVE EXPENSES

6 Months Ended

Jun. 30, 2024

GENERAL AND ADMINISTRATIVE EXPENSES

14. GENERAL AND ADMINISTRATIVE EXPENSES

General and administrative expenses consist of the following:

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries and benefits	$	459	$	291	$	855	$	686
Office and miscellaneous		577		425		958		617
Management and consulting fees		158		97		265		203
Investor relations		108		86		181		167
Travel and promotion		42		39		77		93
Professional fees		310		464		469		703
Directors fees		46		45		90		89
Regulatory and compliance fees		51		53		93		91
Depreciation		40		35		75		70
	$	1,791	$	1,535	$	3,063	$	2,719

COMMITMENTS

6 Months Ended

Jun. 30, 2024

COMMITMENTS

15. COMMITMENTS

The Company and its subsidiaries have various operating lease agreements for their office premises, use of land, and equipment. Commitments in respect of these lease agreements are as follows:

	June 30, 2024		December 31, 2023
Not later than one year	$	199	$	714
Later than one year and not later than five years		1,173		1,241
Later than five years		3,747		3,965
	$	5,119	$	5,920

Office lease payments recognized as an expense during the six months ended June 30, 2024, totalled $21 (June 30, 2023 - $18).

SUPPLEMENT CASH FLOW INFORMATION

6 Months Ended

Jun. 30, 2024

SUPPLEMENTARY CASH FLOW INFORMATION

16. SUPPLEMENTARY CASH FLOW INFORMATION

	June 30, 2024			June 30, 2023
Net change in non-cash working capital items:
Inventory	$	(1,100	)	$	(2,569	)
Prepaid expenses and other assets		(417	)		(484	)
Taxes recoverable		1,532			(1,702	)
Taxes payable		169			(836	)
Accounts payable and accrued liabilities		(1,943	)		2,465
Amounts receivable		122			1,824
Amounts due to related parties		(120	)		7
	$	(1,757	)	$	(1,295	)

	June 30, 2024		June 30, 2023
Other supplementary information:
Interest paid	$	123	$	106
Taxes paid		13		15
	$	136	$	121

	June 30, 2024		June 30, 2023
Non-cash investing and financing activities:
Shares acquired under terms of option agreements		-		41
Transfer of share-based payments reserve upon exercise of RSUs		1,018		512
Transfer of share-based payments reserve upon exercise of Options		90		-
Equipment acquired under finance leases and equipment loans		820		2,925
	$	1,928	$	3,478

FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2024

FINANCIAL INSTRUMENTS

17. FINANCIAL INSTRUMENTS

The Company’s financial instruments are exposed to certain financial risks, including credit risk, liquidity risk, and market risk.

(a) Credit Risk

(b) Liquidity Risk

The maturity profiles of the Company’s contractual obligations and commitments as at June 30, 2024, are summarized as follows:

	Total		Less Than 1 Year		1-5 years		More Than 5 Years
Accounts payable and accrued liabilities	$	9,923	$	9,923	$	-	$	-
Due to related parties		173		173
Minimum rental and lease payments		5,119		199		1,173		3,747
Equipment loans		295		182		113		-
Finance lease obligations		3,591		1,860		1,731		-
Total	$	19,101	$	12,337	$	3,017	$	3,747

(c) Market Risk

Market risk consists of interest rate risk, foreign currency risk and price risk. These are discussed further below.

Interest Rate Risk

Interest rate risk consists of two components:

(ii) To the extent that changes in prevailing market rates differ from the interest rates on the Company’s monetary assets and liabilities, the Company is exposed to interest rate price risk.

Foreign Currency Risk

	June 30, 2024						December 31, 2023
	MXN			CDN			MXN			CDN
Cash	$	6,283		$	437		$	13,338		$	70
Due from related parties		-			-			4,558			-
Long-term investments		-			2,343			-			1,236
Reclamation bonds		-			6			-			6
Amounts receivable		293			40			18,644			26
Accounts payable and accrued liabilities		(69,437	)		(275	)		(95,662	)		(150	)
Due to related parties		-			(236	)		-			(135	)
Finance lease obligations		(991	)		(618	)		(1,129	)		(217	)
Net exposure		(63,852	)		1,697			(60,251	)		836
US dollar equivalent	$	(3,126	)	$	1,127		$	(3,567	)	$	577

Price Risk

(d) Classification of Financial Instruments

IFRS 13 Financial Instruments: Disclosures establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value as follows:

Level 1 – quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2 – inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and

Level 3 – inputs for the asset or liability that are not based on observable market data (unobservable inputs).

The following table sets forth the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy as at June 30, 2024:

	Level 1		Level 2		Level 3
Financial assets
Cash	$	5,311	$	-	$	-
Amounts receivable		-		3,182		-
Long-term investments		1,712		-		-
Total financial assets	$	7,023	$	3,182	$	-

The Company uses Black-Scholes model to measure its Level 3 financial instruments. As at June 30, 2024 the Company’s has no Level 3 financial instruments.

SEGMENTED INFORMATION

6 Months Ended

Jun. 30, 2024

SEGMENTED INFORMATION

18. SEGMENTED INFORMATION

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

	Three months ended June 30,						Six months ended June 30,
	2024			2023			2024			2023
Silver	$	6,748		$	3,722		$	11,784		$	7,330
Copper		5,926			4,062			11,832			8,751
Gold		3,502			2,712			6,535			5,847
Penalties, treatment costs and refining charges		(1,389	)		(1,278	)		(2,971	)		(2,885	)
Total revenue from mining operations	$	14,787		$	9,218		$	27,180		$	19,043

For the three and six months ended June 30, 2024 and 2023, the Company had the following customers that accounted for total revenues as follows:

	Three months ended June 30,					Six months ended June 30,
	2024		2023			2024		2023
Customer #1	$	12,691	$	7,883		$	21,287	$	17,108
Customer #2		1,659		1,426			5,443		2,026
Other customers		437		(91	)		450		(91	)
Total revenue from mining operations	$	14,787	$	9,218		$	27,180	$	19,043

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

	June 30, 2024		December 31, 2023
Exploration and evaluation assets - Mexico	$	53,133	$	50,110
Exploration and evaluation assets - Canada		1		1
Total exploration and evaluation assets	$	53,134	$	50,111

	June 30, 2024		December 31, 2023
Plant, equipment, and mining properties - Mexico	$	52,755	$	52,891
Plant, equipment, and mining properties - Canada		474		178
Total plant, equipment, and mining properties	$	53,229	$	53,069

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2024

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

19. SUBSEQUENT EVENTS

At-The-Market Sales – Subsequent to June 30, 2024, the Company issued 131,347 common shares in at-the-market offerings under prospectus supplement for gross proceeds of $145.

BASIS OF PRESENTATION (Policies)

6 Months Ended

Jun. 30, 2024

Statement of Compliance

Foreign currency translation

Foreign currency transactions

Foreign operations

Significant accounting judgments and estimates

Basis of consolidation

The audited consolidated financial statements include the accounts of the Company and its Mexican subsidiaries as follows:

Subsidiary	Ownership Interest	Jurisdiction	Nature of Operations
Oniva Silver and Gold Mines S.A. de C.V.	100%	Mexico	Mexican administration
Nueva Vizcaya Mining, S.A. de C.V.	100%	Mexico	Mexican administration
Promotora Avino, S.A. de C.V. (“Promotora”)	79.09%	Mexico	Holding company
Compañía Minera Mexicana de Avino, S.A. de C.V. (“Avino Mexico”)	98.45% direct 1.22% indirect (Promotora) 99.67% effective	Mexico	Mining and exploration
La Luna Silver & Gold Mines Ltd.	100%	Canada	Holding company
La Preciosa Silver & Gold Mines Ltd.	100%	Canada	Holding company
Proyectos Mineros La Preciosa S.A. de C.V.	100%	Mexico	Mining and exploration
Cervantes LLP	100%	U.S.	Holding company

Intercompany balances and transactions, including unrealized income and expenses arising from intercompany transactions, are eliminated in preparing the consolidated financial statements.

BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Audited Consolidated Financial Statements

Subsidiary	Ownership Interest	Jurisdiction	Nature of Operations
Oniva Silver and Gold Mines S.A. de C.V.	100%	Mexico	Mexican administration
Nueva Vizcaya Mining, S.A. de C.V.	100%	Mexico	Mexican administration
Promotora Avino, S.A. de C.V. (“Promotora”)	79.09%	Mexico	Holding company
Compañía Minera Mexicana de Avino, S.A. de C.V. (“Avino Mexico”)	98.45% direct 1.22% indirect (Promotora) 99.67% effective	Mexico	Mining and exploration
La Luna Silver & Gold Mines Ltd.	100%	Canada	Holding company
La Preciosa Silver & Gold Mines Ltd.	100%	Canada	Holding company
Proyectos Mineros La Preciosa S.A. de C.V.	100%	Mexico	Mining and exploration
Cervantes LLP	100%	U.S.	Holding company

TAXES RECEOVERABLE (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Income Taxes Recoverable And Canadian Sales Taxes

	June 30, 2024		December 31, 2023
VAT recoverable	$	2,002	$	3,231
GST recoverable		30		20
Income taxes recoverable		3,016		3,329
	$	5,048	$	6,580

INVENTORY (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Inventory

	June 30, 2024		December 31, 2023
Process material stockpiles	$	3,857	$	4,050
Concentrate inventory		3,289		2,448
Materials and supplies		2,735		2,328
	$	9,881	$	8,826

LONGTERM INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Long-term Investments

	Fair Value December 31,				Movements in foreign			Fair value adjustments			Fair Value June 30,
	2023		Net Additions		exchange			for the period			2024
Talisker Resources Common Shares	$	782	$	-	$	(25	)	$	390		$	1,147
Silver Wolf Exploration Ltd. (“Silver Wolf”) Common Shares		71		426		(8	)		(17	)		472
Silver Wolf Exploration Ltd. Warrants		-		30		-			-			30
Endurance Gold Corp. Common Shares		81		-		(1	)		(18	)		62
Other		-		1		-			-			1
	$	934	$	457	$	(34	)	$	355		$	1,712

EXPLORATION AND EVALUATION ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Exploration And Evaluation Costs

	Avino, Mexico			La Preciosa, Mexico			British Columbia & Yukon, Canada		Total
Balance, December 31, 2022	$	11,828		$	37,975		$	1	$	49,804

La Preciosa non-core concessions transfer		2,946			(2,946	)				-
Drilling and exploration		877			435			-		1,312
Assessments and taxes		88			(930	)		-		(842	)
Effect of movements in exchange rates		22			(122	)		-		(100	)
Option income		(63	)		-			-		(63	)

Balance, December 31, 2023	$	15,698		$	34,412		$	1	$	50,111
Costs incurred during 2024:
Drilling and exploration		101			1,047			-		1,148
Assessments and taxes		100			973			-		1,073
Effect of movements in exchange rates		(6	)		-			-		(6	)

Balance, June 30, 2024	$	15,893		$	36,432		$	1	$	52,326

PLANT EQUIPMENT AND MINING PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2024

PLANT EQUIPMENT AND MINING PROPERTIES

Schedule Of Plant, Equipment And Mining Properties

	Mining properties			Office equipment, furniture, and fixtures			Computer equipment			Mine machinery and transportation equipment			Mill machinery and processing equipment			Buildings and construction in process			Total
	$			$			$			$			$			$			$
COST
Balance at January 1, 2023		14,687			763			774			14,930			23,294			14,693			69,141
Additions / Transfers		3,716			78			1,176			3,270			3,079			701			12,020
Writedowns		-			(6	)		(22	)		(629	)		(141	)		-			(798	)
Effect of movements in exchange rates		(28	)		9			1			2			-			(24	)		(40	)
Balance at December 31, 2023		18,375			844			1,929			17,573			26,232			15,370			80,323
Additions / Transfers		348			374			11			188			1,402			(131	)		2,192
Writedowns		-			(17	)		(12	)		(1,321	)		(23	)		(352	)		(1,725	)
Effect of movements in exchange rates		4			(2	)		1			(1	)		-			(3	)		(1	)
Balance at June 30, 2024		18,727			1,199			1,929			16,439			27,611			14,884			80,789

ACCUMULATED DEPLETION AND DEPRECIATION / IMPAIRMENT
Balance at January 1, 2023		9,106			441			598			5,178			6,733			3,029			25,085
Additions / Transfers		367			111			204			676			1,170			294			2,822
Writedowns		-			(4	)		(21	)		(619	)		(9	)		-			(653	)
Balance at December 31, 2023		9,473			548			781			5,235			7,894			3,323			27,254
Additions / Transfers		209			63			201			1,175			(156	)		155			1,647
Writedowns		-			(16	)		(11	)		(1,146	)		(23	)		(145	)		(1,341	)
Balance at June 30, 2024		9,682			595			971			5,264			7,715			3,333			27,560

NET BOOK VALUE
At June 30, 2024		9,045			604			958			11,175			19,896			11,551			53,229
At December 31, 2023		8,902			296			1,148			12,339			18,338			12,047			53,069

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

6 Months Ended

Jun. 30, 2024

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries and benefits	$	242	$	244	$	496	$	489
Office and miscellaneous		114		124		247		257
	$	356	$	368	$	743	$	746

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries, benefits, and consulting fees	$	320	$	296	$	613	$	580
Share-based payments		507		649		894		970
	$	827	$	945	$	1,507	$	1,550

Schedule Of Due To Related Parties

	June 30, 2024		December 31, 2023
Oniva International Services Corp.	$	100	$	102
Directors Fees		50		-
Intermark Capital Corp.		23		-
Silver Wolf Exploration Ltd.		-		(269	)
	$	173	$	(167	)

RECLAMATION PROVISION (Tables)

6 Months Ended

Jun. 30, 2024

RECLAMATION PROVISION

Reconciliation Of The Changes In The Company's Reclamation Provision

	June 30, 2024			December 31, 2023

Balance at beginning of the period	$	2,195		$	445
Changes in estimates		-			1,615
Unwinding of discount related to continuing operations		102			49
Effect of movements in exchange rates		(193	)		86
Balance at end of the period	$	2,104		$	2,195

SHARE CAPITAL AND SHAREBASED PAYMENTS (Tables)

6 Months Ended

Jun. 30, 2024

SHARE CAPITAL AND SHAREBASED PAYMENTS

Schedule Of Stock Options

	Underlying Shares			Weighted Average Exercise Price (C$)

Stock options outstanding, January 1, 2023		4,256,000		$	1.36
Granted		2,545,000		$	1.12
Expired		(105,000	)	$	1.30
Cancelled / Forfeited		(30,000	)	$	1.40
Stock options outstanding, December 31, 2023		6,666,000		$	1.27
Granted		2,500,000		$	0.78
Exercised		(103,000	)	$	0.79
Cancelled / Forfeited		(190,000	)	$	1.26
Stock options outstanding, June 30, 2024		8,873,000		$	1.14
Stock options exercisable, June 30, 2024		6,979,000		$	1.23

Schedule Of Stock Options Outstanding And Exercisable

			Outstanding				Exercisable
Expiry Date	Price (C$)		Number of Options		Weighted Average Remaining Contractual Life (Years)		Number of Options		Weighted Average Remaining Contractual Life (Years)
August 21, 2024	$	0.79		48,000		0.14		48,000		0.14
August 4, 2025	$	1.64		1,620,000		1.10		1,620,000		1.10
March 25, 2027	$	1.20		2,255,000		2.73		2,255,000		2.73
May 4, 2027	$	0.92		25,000		2.84		25,000		2.84
March 29, 2028	$	1.12		2,300,000		3.75		2,300,000		3.75
July 10, 2028	$	1.12		150,000		4.03		112,500		4.03
March 25, 2029	$	0.78		2,475,000		4.74		618,750		4.74

				8,873,000		3.26		6,979,250		2.45

Schedule of fair value of the stock options was calculated using the Black-Scholes model

	June 30, 2024			December 31, 2023
Weighted average assumptions:
Risk-free interest rate		3.51	%		3.10	%
Expected dividend yield		0	%		0	%
Expected warrant life (years)		5			5
Expected stock price volatility		60.73	%		61.10	%
Expected forfeiture rate		15	%		17	%
Weighted average fair value	C$0.43			C$0.60

Schedule Of Rsu Outstanding

	Underlying Shares			Weighted Average Price (C$)

RSUs outstanding, January 1, 2023		2,190,666		$	1.27
Granted		1,878,320		$	1.11
Exercised		(1,005,334	)	$	1.37
Cancelled / Forfeited		(68,943	)	$	1.14
RSUs outstanding, December 31, 2023		2,994,709		$	1.03
Granted		1,881,000		$	1.02
Exercised		(1,197,709	)	$	1.15
Cancelled / Forfeited		(137,132	)	$	1.08
RSUs outstanding, June 30, 2024		3,540,868		$	1.08

Schedule of summarizes information about the RSUs

Issuance Date	Price (C$)		Number of RSUs Outstanding
March 25, 2022	$	1.19		556,539
March 29, 2023	$	1.12		1,124,288
July 10, 2023	$	0.94		50,000
April 1, 2024	$	1.02		1,810,041
				3,540,868

Schedule Of Basic Earnings Per Share And Diluted Earnings Per Share

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Net income for the period	$	1,240	$	1,134	$	1,839	$	782
Basic weighted average number of shares outstanding		133,622,131		119,195,457		131,834,975		118,887,538
Effect of dilutive share options, warrants, and RSUs (‘000)		5,326,470		4,018,752		5,372,565		4,020,189
Diluted weighted average number of shares outstanding		138,948,601		123,214,209		137,207,540		122,907,727
Basic income per share	$	0.01	$	0.01	$	0.01	$	0.01
Diluted income per share	$	0.01	$	0.01	$	0.01	$	0.01

REVENUE AND COST OF SALES (Tables)

6 Months Ended

Jun. 30, 2024

REVENUE AND COST OF SALES

Schedule Of Revenue

	Three months ended June 30,					Six months ended June 30,
	2024		2023			2024		2023
Concentrate sales	$	14,346	$	9,838		$	27,020	$	19,830
Provisional pricing adjustments		441		(620	)		160		(787	)
	$	14,787	$	9,218		$	27,180	$	19,043

Schedule Of Cost Of Sales

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Production costs	$	8,910	$	7,407	$	18,143	$	14,711
Write down of equipment and materials and supplies inventory		384		91		384		91
Depreciation and depletion		796		677		1,617		1,347
	$	10,090	$	8,175	$	20,144	$	16,149

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of General And Administrative Expenses

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Salaries and benefits	$	459	$	291	$	855	$	686
Office and miscellaneous		577		425		958		617
Management and consulting fees		158		97		265		203
Investor relations		108		86		181		167
Travel and promotion		42		39		77		93
Professional fees		310		464		469		703
Directors fees		46		45		90		89
Regulatory and compliance fees		51		53		93		91
Depreciation		40		35		75		70
	$	1,791	$	1,535	$	3,063	$	2,719

COMMITMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Commitments

	June 30, 2024		December 31, 2023
Not later than one year	$	199	$	714
Later than one year and not later than five years		1,173		1,241
Later than five years		3,747		3,965
	$	5,119	$	5,920

SUPPLEMENT CASH FLOW INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Supplement Cash Flow Information

	June 30, 2024			June 30, 2023
Net change in non-cash working capital items:
Inventory	$	(1,100	)	$	(2,569	)
Prepaid expenses and other assets		(417	)		(484	)
Taxes recoverable		1,532			(1,702	)
Taxes payable		169			(836	)
Accounts payable and accrued liabilities		(1,943	)		2,465
Amounts receivable		122			1,824
Amounts due to related parties		(120	)		7
	$	(1,757	)	$	(1,295	)

	June 30, 2024		June 30, 2023
Other supplementary information:
Interest paid	$	123	$	106
Taxes paid		13		15
	$	136	$	121

	June 30, 2024		June 30, 2023
Non-cash investing and financing activities:
Shares acquired under terms of option agreements		-		41
Transfer of share-based payments reserve upon exercise of RSUs		1,018		512
Transfer of share-based payments reserve upon exercise of Options		90		-
Equipment acquired under finance leases and equipment loans		820		2,925
	$	1,928	$	3,478

FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of Contractual Obligations And Commitments

	Total		Less Than 1 Year		1-5 years		More Than 5 Years
Accounts payable and accrued liabilities	$	9,923	$	9,923	$	-	$	-
Due to related parties		173		173
Minimum rental and lease payments		5,119		199		1,173		3,747
Equipment loans		295		182		113		-
Finance lease obligations		3,591		1,860		1,731		-
Total	$	19,101	$	12,337	$	3,017	$	3,747

Schedule Of Foreign Currency Risk

	June 30, 2024						December 31, 2023
	MXN			CDN			MXN			CDN
Cash	$	6,283		$	437		$	13,338		$	70
Due from related parties		-			-			4,558			-
Long-term investments		-			2,343			-			1,236
Reclamation bonds		-			6			-			6
Amounts receivable		293			40			18,644			26
Accounts payable and accrued liabilities		(69,437	)		(275	)		(95,662	)		(150	)
Due to related parties		-			(236	)		-			(135	)
Finance lease obligations		(991	)		(618	)		(1,129	)		(217	)
Net exposure		(63,852	)		1,697			(60,251	)		836
US dollar equivalent	$	(3,126	)	$	1,127		$	(3,567	)	$	577

Schedule Of Fair Value On Recurring Basis

	Level 1		Level 2		Level 3
Financial assets
Cash	$	5,311	$	-	$	-
Amounts receivable		-		3,182		-
Long-term investments		1,712		-		-
Total financial assets	$	7,023	$	3,182	$	-

SEGMENTED INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Schedule Of consolidated statements of operations forrevenue

	Three months ended June 30,						Six months ended June 30,
	2024			2023			2024			2023
Silver	$	6,748		$	3,722		$	11,784		$	7,330
Copper		5,926			4,062			11,832			8,751
Gold		3,502			2,712			6,535			5,847
Penalties, treatment costs and refining charges		(1,389	)		(1,278	)		(2,971	)		(2,885	)
Total revenue from mining operations	$	14,787		$	9,218		$	27,180		$	19,043

Schedule Of customers accounted for total revenues

	Three months ended June 30,					Six months ended June 30,
	2024		2023			2024		2023
Customer #1	$	12,691	$	7,883		$	21,287	$	17,108
Customer #2		1,659		1,426			5,443		2,026
Other customers		437		(91	)		450		(91	)
Total revenue from mining operations	$	14,787	$	9,218		$	27,180	$	19,043

Schedule Of Geographical information relating non-current assets

	June 30, 2024		December 31, 2023
Exploration and evaluation assets - Mexico	$	53,133	$	50,110
Exploration and evaluation assets - Canada		1		1
Total exploration and evaluation assets	$	53,134	$	50,111

	June 30, 2024		December 31, 2023
Plant, equipment, and mining properties - Mexico	$	52,755	$	52,891
Plant, equipment, and mining properties - Canada		474		178
Total plant, equipment, and mining properties	$	53,229	$	53,069

BASIS OF PRESENTATION (Details)	6 Months Ended
BASIS OF PRESENTATION (Details)	Jun. 30, 2024
Oniva Silver And GoldMines SADeCV [Member]
Statement [Line Items]
Ownership Interest	100.00%
Jurisdiction	Mexico
Nueva Vizcaya Mining, S.A. de C.V. [Member]
Statement [Line Items]
Ownership Interest	100.00%
Jurisdiction	Mexico
Promotora Avino, S.A. de C.V. [Member]
Statement [Line Items]
Ownership Interest	79.09%
Jurisdiction	Mexico
La Preciosa Silver & Gold Mines Ltd. [Member]
Statement [Line Items]
Ownership Interest	100.00%
Jurisdiction	Canada
La Luna Silver & Gold Mines Ltd. [Member]
Statement [Line Items]
Ownership Interest	100.00%
Jurisdiction	Canada
Proyectos Mineros La Preciosa S.A. de C.V. [Member]
Statement [Line Items]
Ownership Interest	100.00%
Jurisdiction	Mexico
Cervantes LLP [Member]
Statement [Line Items]
Ownership Interest	100.00%
Jurisdiction	U.S.
Compania Minera Mexicana de Avino, S.A. de C.V. [Member]
Statement [Line Items]
Jurisdiction	Mexico
Ownership Interest Indirect	1.22%
Ownership Interest Direct	98.45%
Ownership Interest Effective	99.67%

TAXES RECOVERABLE (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Vat Recoverable	$ 2,002	$ 3,231
Gst Recoverable	30	20
Income Taxes Recoverable	3,016	3,329
Total Taxes Recoverable	$ 5,048	$ 6,580

INVENTORY (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Process Material Stockpiles	$ 3,857	$ 4,050
Concentrate Inventory	3,289	2,448
Materials And Supplies	2,735	2,328
Inventories	$ 9,881	$ 8,826

INVENTORY (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
INVENTORY (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Amount of inventory recognized as an expense	$ 9,706,000	$ 8,084,000	$ 19,760,000	$ 16,058,000
Wrote down material and supplies inventory			$ 0		$ 270,000

LONG TERM INVESTMENTS (Details) $ in Thousands	6 Months Ended
LONG TERM INVESTMENTS (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Statement [Line Items]
Fair Value Of Long Term Investments, Begining Balance	$ 934
Net Additions And (warrants Exercised)	457
Fair Value Adjustments For The Period	(34)
Fair Value Adjustments For The Period	355
Fair Value Of Long Term Investments, Ending Balance	1,712
Talisker Resources Ltd [Member] \| Common Shares [Member]
Statement [Line Items]
Fair Value Of Long Term Investments, Begining Balance	782
Net Additions And (warrants Exercised)	0
Fair Value Adjustments For The Period	(25)
Fair Value Adjustments For The Period	390
Fair Value Of Long Term Investments, Ending Balance	1,147
Endurance Gold Corp. Common Shares
Statement [Line Items]
Fair Value Of Long Term Investments, Begining Balance	81
Net Additions And (warrants Exercised)	0
Fair Value Adjustments For The Period	(1)
Fair Value Adjustments For The Period	(18)
Fair Value Of Long Term Investments, Ending Balance	62
Silver Wolf Exploration Ltd. [Member] \| Common Share [Member]
Statement [Line Items]
Fair Value Of Long Term Investments, Begining Balance	71
Net Additions And (warrants Exercised)	426
Fair Value Adjustments For The Period	(8)
Fair Value Adjustments For The Period	(17)
Fair Value Of Long Term Investments, Ending Balance	472
Silver Wolf Exploration Ltd. Warrants [Member]
Statement [Line Items]
Fair Value Of Long Term Investments, Begining Balance	0
Net Additions And (warrants Exercised)	30
Fair Value Adjustments For The Period	0
Fair Value Adjustments For The Period	0
Fair Value Of Long Term Investments, Ending Balance	30
Other
Statement [Line Items]
Fair Value Of Long Term Investments, Begining Balance	0
Net Additions And (warrants Exercised)	1
Fair Value Adjustments For The Period	0
Fair Value Adjustments For The Period	0
Fair Value Of Long Term Investments, Ending Balance	$ 1

LONG TERM INVESTMENTS (Details Narrative) - Silver Wolf [Member]	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Statement [Line Items]
Issue of common share Of debt settlement	2,292,000
Debt settlement \| $	$ 458
Purchase price \| $ / shares	$ 0.15
Exercise price \| $ / shares	$ 0.25
Issuer Financing Exemption private placement	833,334
Investment \| $	$ 125
Non-transferable common share purchase warrants	416,667

EXPLORATION AND EVALUATION ASSETS (Details) - USD ($)	6 Months Ended	12 Months Ended
EXPLORATION AND EVALUATION ASSETS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Beginning balance	$ 50,111,000	$ 49,804,000
Drilling and exploration	1,148,000	1,312,000
Assessments and taxes	1,073,000	(842,000)
Effect of movements in exchange rates	(6,000)	(100,000)
La preciosa non-core concessions transfer		0
Option income		(63,000)
Ending balance	52,326,000	50,111,000
Avino, Mexico City [Member]
Statement [Line Items]
Beginning balance	15,698,000	11,828,000
Drilling and exploration	101,000	877,000
Assessments and taxes	100,000	88,000
Effect of movements in exchange rates	(6,000)	22,000
La preciosa non-core concessions transfer		2,946,000
Option income		(63,000)
Ending balance	15,893,000	15,698,000
British Columbia & Yukon, Canada [Member]
Statement [Line Items]
Beginning balance	1,000	1,000
Drilling and exploration	0	0
Assessments and taxes	0	0
Effect of movements in exchange rates	0	0
Option income		0
Ending balance	1,000	1,000
La Preciosa, Mexico [Member]
Statement [Line Items]
Beginning balance	34,412,000	37,975,000
Drilling and exploration	1,047,000	435,000
Assessments and taxes	973,000	(930,000)
Effect of movements in exchange rates	0	(122,000)
La preciosa non-core concessions transfer		(2,946,000)
Option income		0
Ending balance	$ 36,432,000	$ 34,412,000

EXPLORATION AND EVALUATION ASSETS (Details Narrative) $ in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) a integer	Dec. 31, 2012 CAD ($) shares
Durango, Mexico [Member] \| Unification La Platosa properties [Member]
Statement [Line Items]
Description For Exploration Period	the Company has obtained the exclusive right to explore and mine the property for an initial period of 15 years, with the option to extend the agreement for another 5 years
Exploration And Mining Rights Acquisition Consideration Transferred, Shares Issued \| shares		135,189
Exploration And Mining Rights Acquisition Consideration Transferred Shares Issued, Value \| $		$ 250
Durango, Mexico [Member] \| Unification La Platosa properties [Member] \| Minerales [Member]
Statement [Line Items]
Description Of Royalty Terms	The Company has agreed to pay to Minerales a royalty equal to 3.5% of net smelter returns (“NSR”). In addition, after the start of production, if the minimum monthly processing rate of the mine facilities is less than 15,000 tonnes, then the Company must pay to Minerales a minimum royalty equal to the applicable NSR royalty based on the processing at a monthly rate of 15,000 tonnes
Description For Exclusive Right Acquisition Under Agreement	Minerales has also granted to the Company the exclusive right to purchase a 100% interest in the property at any time during the term of the agreement (or any renewal thereof), upon payment of $8 million within 15 days of the Company’s notice of election to acquire the property. The purchase would be subject to a separate purchase agreement for the legal transfer of the property
9 Concessions [Member] \| Durango, Mexico [Member] \| Gomez Palacio property [Member]
Statement [Line Items]
Area Of Exploitation Concessions	2,549
Avino Mine Area Property [Member] \| 24 Concessions [Member] \| Durango, Mexico [Member]
Statement [Line Items]
Area Of Exploitation Concessions	154.4
Number Of Exploitation Concessions \| integer	24
Avino Mine Area Property [Member] \| 1 Concessions [Member] \| Durango, Mexico [Member]
Statement [Line Items]
Area Of Exploitation Concessions	98.83
La Preciosa, Mexico [Member]
Statement [Line Items]
Area Of Exploitation Concessions	1,284.7
Avino, Mexico [Member]
Statement [Line Items]
Number Of Mineral Claims Owned By Avino Mexico \| integer	42
Eagle property option agreement [Member] \| Mayo Mining Division [Member] \| Yukon, Canada [Member]
Statement [Line Items]
Terms Of Agreement	The Company has a 100% interest in 14 quartz leases located in the Mayo Mining Division of Yukon, Canada, which collectively comprise the Eagle property
Cash Consideration \| $	$ 250
Silver Wolf Exploration Ltd. [Member] \| Option Agreement [Member]
Statement [Line Items]
Ownership Percentage	100.00%

NONCONTROLLING INTEREST (Details Narrative)	Jun. 30, 2024	Dec. 31, 2023
Ownership Interest, Percentage	99.67%	99.67%
Non-controlling Interest, Percentage	0.33%	0.33%

PLANT EQUIPMENT AND MINING PROPERTIES (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Beginning Balance	$ 80,323,000	$ 69,141,000
Additions/ Transfers	2,192,000	12,020,000
Writendowns	(1,725,000)	(798,000)
Effect Of Movements In Exchange Rates	(1,000)	(40,000)
Ending balance	80,789,000	80,323,000
Accumulated Depletion And Depreciation, Beginning Balance	27,254,000	25,085,000
Accumulated Depletion And Depreciation, Additions / Transfers	1,647,000	2,822,000
Accumulated Depletion And Depreciation, Writedowns	(1,341,000)	(653,000)
Accumulated Depletion And Depreciation, Ending Balance	27,560,000	27,254,000
Net book value	53,229,000	53,069,000
Office Equipment Furniture And Fixtures [Member]
Statement [Line Items]
Beginning Balance	844,000	763,000
Additions/ Transfers	374,000	78,000
Writendowns	(17,000)	(6,000)
Effect Of Movements In Exchange Rates	(2,000)	9,000
Ending balance	1,199,000	844,000
Accumulated Depletion And Depreciation, Beginning Balance	548,000	441,000
Accumulated Depletion And Depreciation, Additions / Transfers	63,000	111,000
Accumulated Depletion And Depreciation, Writedowns	(16,000)	(4,000)
Accumulated Depletion And Depreciation, Ending Balance	595,000	548,000
Net book value	604,000	296,000
Mine Machinery And Transportation Equipment [Member]
Statement [Line Items]
Beginning Balance	17,573,000	14,930,000
Additions/ Transfers	188,000	3,270,000
Writendowns	(1,321,000)	(629,000)
Effect Of Movements In Exchange Rates	(1,000)	2,000
Ending balance	16,439,000	17,573,000
Accumulated Depletion And Depreciation, Beginning Balance	5,235,000	5,178,000
Accumulated Depletion And Depreciation, Additions / Transfers	1,175,000	676,000
Accumulated Depletion And Depreciation, Writedowns	(1,146,000)	(619,000)
Accumulated Depletion And Depreciation, Ending Balance	5,264,000	5,235,000
Net book value	11,175,000	12,339,000
Mill Machinery And Processing Equipment [Member]
Statement [Line Items]
Beginning Balance	26,232,000	23,294,000
Additions/ Transfers	1,402,000	3,079,000
Writendowns	(23,000)	(141,000)
Effect Of Movements In Exchange Rates	0	0
Ending balance	27,611,000	26,232,000
Accumulated Depletion And Depreciation, Beginning Balance	7,894,000	6,733,000
Accumulated Depletion And Depreciation, Additions / Transfers	(156,000)	1,170,000
Accumulated Depletion And Depreciation, Writedowns	(23,000)	(9,000)
Accumulated Depletion And Depreciation, Ending Balance	7,715,000	7,894,000
Net book value	19,896,000	18,338,000
Mining Property [Member]
Statement [Line Items]
Beginning Balance	18,375,000	14,687,000
Additions/ Transfers	348,000	3,716,000
Writendowns	0	0
Effect Of Movements In Exchange Rates	4,000	(28,000)
Ending balance	18,727,000	18,375,000
Accumulated Depletion And Depreciation, Beginning Balance	9,473,000	9,106,000
Accumulated Depletion And Depreciation, Additions / Transfers	209,000	367,000
Accumulated Depletion And Depreciation, Writedowns	0	0
Accumulated Depletion And Depreciation, Ending Balance	9,682,000	9,473,000
Net book value	9,045,000	8,902,000
Computer equipment [member]
Statement [Line Items]
Beginning Balance	1,929,000	774,000
Additions/ Transfers	11,000	1,176,000
Writendowns	(12,000)	(22,000)
Effect Of Movements In Exchange Rates	1,000	1,000
Ending balance	1,929,000	1,929,000
Accumulated Depletion And Depreciation, Beginning Balance	781,000	598,000
Accumulated Depletion And Depreciation, Additions / Transfers	201,000	204,000
Accumulated Depletion And Depreciation, Writedowns	(11,000)	(21,000)
Accumulated Depletion And Depreciation, Ending Balance	971,000	781,000
Net book value	958,000	1,148,000
Buildings and construction in process [Member]
Statement [Line Items]
Beginning Balance	15,370,000	14,693,000
Additions/ Transfers	(131,000)	701,000
Writendowns	(352,000)	0
Effect Of Movements In Exchange Rates	(3,000)	(24,000)
Ending balance	14,884,000	15,370,000
Accumulated Depletion And Depreciation, Beginning Balance	3,323,000	3,029,000
Accumulated Depletion And Depreciation, Additions / Transfers	155,000	294,000
Accumulated Depletion And Depreciation, Writedowns	(145,000)	0
Accumulated Depletion And Depreciation, Ending Balance	3,333,000	3,323,000
Net book value	$ 11,551,000	$ 12,047,000

PLANT EQUIPMENT AND MINING PROPERTIES (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
PLANT EQUIPMENT AND MINING PROPERTIES
Assets Under Construction	$ 3,186	$ 3,166
Property Plant Equipment, Write down	384	144
Property Plant Equipment, Net Carrying Amount	$ 6,809	$ 5,832

RELATED PARTY TRANSACTIONS AND BALANCES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Salaries, Benefits, And Consulting Fees	$ 320	$ 296	$ 613	$ 580
Share-based Payments	507	649	894	970
Total Key Management Personnel Compensation	$ 827	$ 945	$ 1,507	$ 1,550

RELATED PARTY TRANSACTIONS AND BALANCES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Total amounts due to related parties	$ 173	$ (167)
Oniva International Services Corp. [Member]
Statement [Line Items]
Due To Related Parties	100	102
Directors Fees [Member]
Statement [Line Items]
Due To Related Parties	50	0
Intermark Capital Corp. [Member]
Statement [Line Items]
Due To Related Parties	23	0
Silver Wolf Exploration Ltd. [Member]
Statement [Line Items]
Due To Related Parties	$ 0	$ (269)

RELATED PARTY TRANSACTIONS AND BALANCES (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement [Line Items]
Salaries And Benefits	$ 320	$ 296	$ 613	$ 580
Office And Miscellaneous	577	425	958	617
Oniva International Services Corp. [Member]
Statement [Line Items]
Salaries And Benefits	242	244	496	489
Office And Miscellaneous	114	124	247	257
Total Cost	$ 356	$ 368	$ 743	$ 746

RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement [Line Items]
Salaries, Benefits, And Consulting Fees	$ 320	$ 296	$ 613	$ 580
ICC [Member]
Statement [Line Items]
Salaries, Benefits, And Consulting Fees			$ 142	$ 143

RECLAMATION PROVISION (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
RECLAMATION PROVISION (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
RECLAMATION PROVISION
Balance At Beginning Of The Year	$ 2,195	$ 445
Changes In Estimates	0	1,615
Unwinding Of Discount Related To Continuing Operations	102	49
Effect Of Movements In Exchange Rates	(193)	86
Balance At End Of The Year	$ 2,104	$ 2,195

RECLAMATION PROVISION (Details Narrative) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Management's estimate one [Member]
Statement [Line Items]
Risk Free Interest Rate	9.72%	9.82%
Inflation Rate	3.76%	3.76%
Management's Estimate [Member]
Statement [Line Items]
Reclamation Provision	$ 2,104	$ 2,195
Reclamation Provision Undiscounted Value	$ 5,214	$ 5,491

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details) - Stock options [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Stock Options Outstanding, Beginning	6,666,000	4,256,000
Granted	2,500,000	2,545,000
Expired		(105,000)
Exercised	(103,000)
Cancelled / Forfeited	(190,000)	(30,000)
Stock Options Outstanding, Ending	8,873,000	6,666,000
Stock Options Exercisable	6,979,000
Outstanding And Exercisable Weighted Average Exercise Price, Beginning	$ 1.27	$ 1.36
Weighted Average Exercise Price, Granted	0.78	1.12
Weighted Average Exercise Price, Expired		1.30
Weighted Average Exercise Price, Exercised	0.79
Weighted Average Exercise Price, Cancelled / Forfeited	1.26	1.40
Outstanding And Exercisable Weighted Average Exercise Price, Ending	1.14	$ 1.27
Weighted Average Exercise Price, Stock Options Exercisable	$ 1.23

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 1)	6 Months Ended
SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 1)	Jun. 30, 2024 $ / shares shares
Stock options [Member]
Statement [Line Items]
Stock Options Exercisable	6,979,250
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	3 years 3 months 3 days
Stock Options Outstanding	8,873,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	2 years 5 months 12 days
Stock options [Member] \| July 10, 2028 [Member]
Statement [Line Items]
Expiry Date	Jul. 10, 2028
Exercise Price \| $ / shares	$ 1.12
Stock Options Exercisable	112,500
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	4 years 10 days
Stock Options Outstanding	150,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	4 years 10 days
Stock options [Member] \| August 21, 2024 [Member]
Statement [Line Items]
Expiry Date	Aug. 21, 2024
Exercise Price \| $ / shares	$ 0.79
Stock Options Exercisable	48,000
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	1 month 20 days
Stock Options Outstanding	48,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	1 month 20 days
Stock options [Member] \| August 4, 2025 [Member]
Statement [Line Items]
Expiry Date	Aug. 04, 2025
Exercise Price \| $ / shares	$ 1.64
Stock Options Exercisable	1,620,000
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	1 year 1 month 6 days
Stock Options Outstanding	1,620,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	1 year 1 month 6 days
Stock options [Member] \| March 25, 2027 [Member]
Statement [Line Items]
Expiry Date	Mar. 25, 2027
Exercise Price \| $ / shares	$ 1.20
Stock Options Exercisable	2,255,000
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	2 years 8 months 23 days
Stock Options Outstanding	2,255,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	2 years 8 months 23 days
Stock options [Member] \| March 29, 2028 [Member]
Statement [Line Items]
Expiry Date	Mar. 29, 2028
Exercise Price \| $ / shares	$ 1.12
Stock Options Exercisable	2,300,000
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	3 years 9 months
Stock Options Outstanding	2,300,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	3 years 9 months
Stock options [Member] \| March 25, 2029 [Member]
Statement [Line Items]
Expiry Date	Mar. 25, 2029
Exercise Price \| $ / shares	$ 0.78
Stock Options Exercisable	618,750
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	4 years 8 months 26 days
Stock Options Outstanding	2,475,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	4 years 8 months 26 days
Stock Option [Member] \| May 4, 2027 [Member]
Statement [Line Items]
Expiry Date	May 04, 2027
Stock Options Exercisable	25,000
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	2 years 10 months 2 days
Stock Options Outstanding	25,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	2 years 10 months 2 days
Exercise price \| $ / shares	$ 0.92

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 2) - Stock options [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Risk-free Interest Rate	3.51%	3.10%
Expected Dividend Yield	0.00%	0.00%
Expected warrant life (years)	5 years	5 years
Expected Stock Price Volatility	60.73%	61.10%
Expected Forfeiture Rate	15.00%	17.00%
Weighted Average Fair Value	$ 0.43	$ 0.60

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 3)	6 Months Ended		12 Months Ended
SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 3)	Jun. 30, 2024 $ / shares shares	Jun. 30, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2023 $ / shares shares
SHARE CAPITAL AND SHAREBASED PAYMENTS
RSUs outstanding beg	2,994,709	2,994,709	2,190,666	2,190,666
Granted	1,881,000	1,881,000	1,878,320	1,878,320
Exercised	(1,197,709)	(1,197,709)	(1,005,334)	(1,005,334)
Cancelled and Forfeited	(137,132)	(137,132)	(68,943)	(68,943)
RSUs outstanding end	3,540,868	3,540,868	2,994,709	2,994,709
RSUs outstanding weighted average price beg \| (per share)	$ 1.03	$ 1.03	$ 1.27
RSUs outstanding weighted average price granted \| (per share)		1.02	1.11
RSUs outstanding weighted average price exercised \| $ / shares	1.15		1.37
RSUs outstanding weighted average price cancelled forfeited \| (per share)		$ 1.08	1.14
RSUs outstanding weighted average price end \| (per share)	$ 1.08		$ 1.03	$ 1.03

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 4) - Restricted Shares Units [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Statement [Line Items]
Stock Options Outstanding	3,540,868
March 25, 2022 [Member]
Statement [Line Items]
Exercise Price \| $ / shares	$ 1.19
Stock Options Outstanding	556,539
March 29, 2023 [Member]
Statement [Line Items]
Exercise Price \| $ / shares	$ 1.12
Stock Options Outstanding	1,124,288
July 10, 2023 [Member]
Statement [Line Items]
Exercise Price \| $ / shares	$ 0.94
Stock Options Outstanding	50,000
April 1, 2024 [Member]
Statement [Line Items]
Exercise Price \| $ / shares	$ 1.02
Stock Options Outstanding	1,810,041

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 5) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
SHARE CAPITAL AND SHAREBASED PAYMENTS
Net income for the period	$ 1,240	$ 1,134	$ 1,839	$ 782
Basic weighted average number of shares outstanding	133,622,131	119,195,457	131,834,975	118,887,538
Effect of dilutive share options, warrants, and RSUs ('000)	5,326,470	4,018,752	5,372,565	4,020,189
Diluted weighted average number of shares outstanding	138,948,601	123,214,209	137,207,540	122,907,727
Basic income per share	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Diluted income per share	$ 0.01	$ 0.01	$ 0.01	$ 0.01

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Statement [Line Items]
Issued common shares	4,797,748		9,373,825
Gross Proceeds On Cash Commission	$ 99		$ 155
Cash commission	2.75%		2.75%
Issuance shares costs	$ 138		$ 339
Net proceeds from cash commission	3,517		5,493
Proceeds from gross prospectus supplement	3,616		$ 5,648
Fair Value Of Stock Options Granted, Share-based Payments	$ 432	$ 524
Restricted Share Units, granted	1,810,041		1,878,320
Weighted Average Fair Value Per Share	$ 1.02
Share-based Payments for fair value	$ 638	$ 658
Share Capital Two [Member]
Statement [Line Items]
Issued common shares upon exercise of RSUs	1,197,709		1,005,333
Common shares issued carrying value of RSUs exercised	$ 1,018		$ 1,019
Share Capital[Member]
Statement [Line Items]
Stock option exercise		103,000
Issuance of common shares for service		103,000
Gross Proceeds On Cash Commission		$ 31
Share capital acquisition costs		90
Issuance of fair value		$ 59

REVENUE AND COST OF SALES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
REVENUE AND COST OF SALES
Concentrate Sales	$ 14,346	$ 9,838	$ 27,020	$ 19,830
Provisional Pricing Adjustments	441	(620)	160	(787)
Total Revenue	$ 14,787	$ 9,218	$ 27,180	$ 19,043

REVENUE AND COST OF SALES (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
REVENUE AND COST OF SALES
Production costs	$ 8,910	$ 7,407	$ 18,143	$ 14,711
Write down of equipment and materials and supplies inventory	384	91	384	91
Depreciation and depletion	796	677	1,617	1,347
Total cost	$ 10,090	$ 8,175	$ 20,144	$ 16,149

GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Salaries and benefits	$ 459	$ 291	$ 855	$ 686
Office and miscellaneous	577	425	958	617
Management and consulting fees	158	97	265	203
Investor relations	108	86	181	167
Travel and promotion	42	39	77	93
Professional fees	310	464	469	703
Directors fees	46	45	90	89
Regulatory and compliance fees	51	53	93	91
Depreciation	40	35	75	70
General and administrative expenses	$ 1,791	$ 1,535	$ 3,063	$ 2,719

COMMITMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Minimum Rental And Lease Payments	$ 5,119	$ 5,920
Later than five years [member]
Statement [Line Items]
Minimum Rental And Lease Payments	3,747	3,965
Not later than one year [member]
Statement [Line Items]
Minimum Rental And Lease Payments	199	714
1-5 years [member]
Statement [Line Items]
Minimum Rental And Lease Payments	$ 1,173	$ 1,241

COMMITMENTS (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
COMMITMENTS (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Office lease payments recognized as expense	$ 21	$ 18

SUPPLEMENTARY CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net change in non-cash working capital items:
Inventory	$ (1,100)	$ (2,569)
Prepaid expenses and other assets	(417)	(484)
Taxes recoverable	1,532	(1,702)
Taxes payable	169	(836)
Accounts payable and accrued liabilities	(1,943)	2,465
Amounts receivable	122	1,824
Amounts due to related parties	(120)	7
Net change in non-cash working capital	$ (1,757)	$ (1,295)

SUPPLEMENTARY CASH FLOW INFORMATION (Details 1) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Interest paid	$ 123	$ 106
Taxes paid	13	15
Equipment acquired under finance leases and equipment loans	$ 136	$ 121

SUPPLEMENTARY CASH FLOW INFORMATION (Details 2) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Shares acquired under terms of option agreements	$ 0	$ 41
Transfer of share-based payments reserve upon exercise of RSUs	1,018	512
Transfer of share-based payments reserve upon exercise of Options	90	0
Equipment acquired under finance leases and equipment loans	820	2,925
Non-cash investing and financing activities	$ 1,928	$ 3,478

FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Accounts Payable And Accrued Liabilities	$ 9,923	$ 11,867
Equipment Loans	110	$ 195
1-5 years [member]
Statement [Line Items]
Accounts Payable And Accrued Liabilities	0
Minimum rental and lease payments	1,173
Equipment Loans	113
Finance Lease Obligations	1,731
Total	3,017
More Than 5 Years [Member]
Statement [Line Items]
Accounts Payable And Accrued Liabilities	0
Minimum rental and lease payments	3,747
Equipment Loans	0
Finance Lease Obligations	0
Total	3,747
Less Than One Year [Member]
Statement [Line Items]
Accounts Payable And Accrued Liabilities	9,923
Due to related parties	173
Minimum rental and lease payments	199
Equipment Loans	182
Finance Lease Obligations	1,860
Total	12,337
Financial Instruments [Member]
Statement [Line Items]
Accounts Payable And Accrued Liabilities	9,923
Due to related parties	173
Minimum rental and lease payments	5,119
Equipment Loans	295
Finance Lease Obligations	3,591
Total	$ 19,101

FINANCIAL INSTRUMENTS (Details 1) $ in Thousands, $ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 MXN ($)	Jun. 30, 2024 CAD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 MXN ($)	Dec. 31, 2023 CAD ($)
Statement [Line Items]
Long-term Investments	$ 1,712			$ 934
Amounts Receivable	3,182			3,303
Accounts Payable And Accrued Liabilities	$ 9,923			$ 11,867
MXN [Member]
Statement [Line Items]
Cash		$ 6,283			$ 13,338
Due from related parties		0			4,558
Long-term Investments		0			0
Reclamation Bonds		0			0
Amounts Receivable		293			18,644
Accounts Payable And Accrued Liabilities		(69,437)			(95,662)
Due To Related Parties		0			0
Finance Lease Obligations		(991)			(1,129)
Net Exposure		(63,852)			(60,251)
Us Dollar Equivalent		$ (3,126)			$ (3,567)
CDN [Member]
Statement [Line Items]
Cash			$ 437			$ 70
Due from related parties			0			0
Long-term Investments			2,343			1,236
Reclamation Bonds			6			6
Amounts Receivable			40			26
Accounts Payable And Accrued Liabilities			(275)			(150)
Due To Related Parties			(236)			(135)
Finance Lease Obligations			(618)			(217)
Net Exposure			1,697			836
Us Dollar Equivalent			$ 1,127			$ 577

FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Amounts Receivable	$ 3,182	$ 3,303
Long-term Investments	1,712	$ 934
Level 1 of fair value hierarchy [member]
Statement [Line Items]
Cash	5,311
Amounts Receivable	0
Long-term Investments	1,712
Total Financial Assets	7,023
Level 2 of fair value hierarchy [member]
Statement [Line Items]
Cash	0
Amounts Receivable	3,182
Long-term Investments	0
Total Financial Assets	3,182
Level 3 of fair value hierarchy [member]
Statement [Line Items]
Cash	0
Amounts Receivable	0
Long-term Investments	0
Total Financial Assets	$ 0

FINANCIAL INSTRUMENTS (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Statement [Line Items]
Cash	$ 5,311	$ 2,688
Current liabilities	$ 12,230	$ 13,808
Interest Rate Risk [Member]
Statement [Line Items]
Asset And Liability Exposure, Description	A 10% change in the interest rate would not result in a material impact on the Company’s operations
Liquidity Risk [Member]
Statement [Line Items]
Cash	$ 5,311
Current liabilities	13,570
Foreign Currency Risk [Member]
Statement [Line Items]
Impact On Net Earning (loss)	235
Price Risk [Member]
Statement [Line Items]
Impact On Net Earning (loss)	106
Price Risk [Member] \| Long-term investments [Member]
Statement [Line Items]
Impact On Net Earning (loss)	$ 169

SEGMENTED INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENTED INFORMATION (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Silver	$ 6,748	$ 3,722	$ 11,784	$ 7,330
Gold	5,926	4,062	11,832	8,751
Copper	3,502	2,712	6,535	5,847
Penalties, Treatment Costs And Refining Charges	(1,389)	(1,278)	(2,971)	(2,885)
Total Revenue From Mining Operations	$ 14,787	$ 9,218	$ 27,180	$ 19,043

SEGMENTED INFORMATION (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENTED INFORMATION (Details 1) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Customer 1	$ 12,691	$ 7,883	$ 21,287	$ 17,108
Customer 2	1,659	1,426	5,443	2,026
Other Customer	437	(91)	450	(91)
Total Revenue From Mining Operations	$ 14,787	$ 9,218	$ 27,180	$ 19,043

SEGMENTED INFORMATION (Details 2) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Exploration And Evaluation Assets - Mexico	$ 53,133	$ 50,110
Exploration And Evaluation Assets - Canada	1	1
Total Exploration And Evaluation Assets	$ 53,134	$ 50,111

SEGMENTED INFORMATION (Details 3) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Plant, Equipment And Mining Properties - Mexico	$ 52,755	$ 52,891
Plant, Equipment And Mining Properties - Canada	474	178
Total Plant, Equipment And Mining Properties	$ 53,229	$ 53,069

SEGMENTED INFORMATION (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total Revenue From Mining Operations	$ 14,787	$ 9,218	$ 27,180	$ 19,043

SUBSEQUENT EVENTS (Details Narrative) $ in Thousands	6 Months Ended
SUBSEQUENT EVENTS (Details Narrative) $ in Thousands	Jun. 30, 2024 USD ($) shares
SUBSEQUENT EVENTS
Issue of common share \| shares	131,347
Gross proceeds from issue of share \| $	$ 145

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