Avino Silver & Gold Mines (ASM) 20-F 30 Mar 22 2021 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2021shares
Document Information Line Items
Entity Registrant Name	AVINO SILVER & GOLD MINES LTD.
Entity Central Index Key	0000316888
Document Type	20-F
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding	102,243,211
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-35254
Entity Incorporation State Country Code	Z4
Entity Address Address Line 1	570 Granville Street
Entity Address Address Line 2	Suite 900 Vancouver
Entity Address City Or Town	British Columbia
Entity Address Postal Zip Code	V6C 3P1
Entity Address Country	CA
Security 12b Title	Common Shares, without Par Value
Trading Symbol	ASM
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes
Document Accounting Standard	International Financial Reporting Standards
Auditor Firm Id	1524
Auditor Name	Manning Elliott LLP
Auditor Location	Vancouver, British Columbia, Canada
Business Contact [Member]
Document Information Line Items
Entity Address Address Line 1	570 Granville Street
Entity Address Address Line 2	Suite 900 Vancouver
Entity Address City Or Town	British Columbia
Entity Address Postal Zip Code	V6C 3P1
Entity Address Country	CA
Contact Personnel Name	David Wolfin
City Area Code	604
Local Phone Number	682-3701
Contact Personnel Email Address	dwolfin@avino.com

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash	$ 24,765	$ 11,713
Amounts receivable	1,208	529
Taxes recoverable	3,364	5,044
Prepaid expenses and other assets	962	757
Inventory	5,179	1,659
Total current assets	35,478	19,702
Exploration and evaluation assets	11,053	10,052
Plant, equipment and mining properties	35,675	34,846
Long-term investments	3,939	4,176
Other assets	133	4
Total assets	86,278	68,780
Current liabilities
Accounts payable and accrued liabilities	3,260	2,068
Amounts due to related parties	163	154
Taxes payable	31	7
Current portion of term facility	0	2,513
Current portion of equipment loans	0	72
Current portion of finance lease obligations	389	208
Total current liabilities	3,843	5,022
Finance lease obligations	680	278
Warrant liability	741	2,295
Reclamation provision	726	808
Deferred income tax liabilities	1,781	1,369
Total liabilities	7,771	9,772
EQUITY
Share capital	129,953	108,303
Equity reserves	9,573	9,951
Treasury shares (14,180 shares, at cost)	(97)	(97)
Accumulated other comprehensive loss	(4,969)	(4,810)
Accumulated deficit	(55,953)	(54,339)
Total equity	78,507	59,008
Total liabilities and equity	$ 86,278	$ 68,780

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parenthetical) shares in Thousands	Dec. 31, 2021shares
EQUITY
Treasury shares	14,180

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Operations and Comprehensive Income (Loss)
Revenue from mining operations	$ 11,228	$ 16,022	$ 31,746
Cost of sales	7,681	15,832	32,016
Mine operating income (loss)	3,547	190	(270)
Operating expenses
General and administrative expenses	3,566	2,902	3,193
Share-based payments	1,469	1,857	937
Loss before other items	(1,488)	(4,569)	(4,400)
Interest and other income	178	332	545
Unrealized gain (loss) on long-term investments	(423)	(124)	1,282
Fair value adjustment on warrant liability	1,581	(650)	520
Realized loss on warrants exercised	(1,106)	(2,733)	0
Foreign exchange loss	(61)	(811)	(663)
Project evaluation expenses	(176)	0	0
Finance cost	(52)	(211)	(84)
Accretion of reclamation provision	(47)	(99)	(104)
Interest expense	(24)	(25)	(64)
Loss from continuing operations before income taxes	(1,618)	(8,890)	(2,968)
Income taxes:
Current income tax expense	27	161	327
Deferred income tax recovery (expense)	(412)	1,569	960
Income tax recovery (expense)	439	(1,408)	(633)
Net loss from continuing operations	(2,057)	(7,482)	(2,335)
Loss from discontinued operations and on disposal	0	(169)	(29,126)
Net loss	(2,057)	(7,651)	(31,461)
Items that may be reclassified subsequently to income or loss:
Currency translation differences	(159)	(247)	1,603
Reclassification of foreign exchange on translation into net loss on sale of discontinued operations	0	0	(42)
Total comprehensive loss	$ (2,216)	$ (7,898)	$ (29,900)
Loss per share from continuing operations
Loss per share from continuing operations Basic	$ (0.02)	$ (0.09)	$ (0.03)
Loss per share from continuing operations Diluted	(0.02)	(0.09)	(0.03)
Loss per share
Loss per share Basic	(0.02)	(0.09)	(0.45)
Loss per share Diluted	$ (0.02)	$ (0.09)	$ (0.45)
Weighted average number of common shares outstanding
Weighted average number of common shares outstanding Basic	100,161,357	83,180,069	69,980,178
Weighted average number of common shares outstanding Diluted	100,161,357	83,180,069	69,980,178

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Changes in Equity (unaudited) - USD ($) $ in Thousands	Total	Number of Common Shares	Equity Reserves	Treasury shares	Accumulated other comprehensive loss	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2018		63,337,769,000
Balance, amount at Dec. 31, 2018	$ 75,168	$ 88,045	$ 9,849	$ (97)	$ (6,124)	$ (16,505)
Statement [Line Items]
Brokered public offerings, shares		7,735,360,000
Brokered public offerings, amount	4,877	$ 4,877	0	0	0	0
Less: Issuance costs BPO	(472)	$ (472)	0	0	0	0
At the market issuances, shares		4,954,000,000
At the market issuances, amount	2,924	$ 2,924	0	0	0	0
Less: Issuance costs (ATM)	(162)	(162)	0	0	0	0
Options cancelled or expired	0	$ 0	(762)	0	0	762
Carrying value of RSUs exercised, shares		565,259,000
Carrying value of RSUs exercised, amount	0	$ 835	(835)	0	0	0
Fair value of warrants issued	116	0	116	0	0	0
Shares to be issued	349	349	0	0	0	0
Share-based payments	1,023	0	1,023	0	0	0
Net loss for the year	(31,461)	0	0	0	0	(31,461)
Currency translation differences	1,561	$ 0	0	0	1,561	0
Balance, shares at Dec. 31, 2019		76,592,388,000
Balance, amount at Dec. 31, 2019	53,923	$ 96,396	9,391	(97)	(4,563)	(47,204)
Statement [Line Items]
At the market issuances, shares		6,730,054,000
At the market issuances, amount	4,940	$ 4,940	0	0	0	0
Options cancelled or expired	0	$ 0	(516)	0	0	516
Carrying value of RSUs exercised, shares		863,901,000
Carrying value of RSUs exercised, amount	0	$ 650	(650)	0	0	0
Share-based payments	1,857	0	1,857	0	0	0
Net loss for the year	(7,651)	0	0	0	0	(7,651)
Currency translation differences	(247)	$ 0	0	0	(247)	0
Exercise of warrants, shares		4,659,194,000
Exercise of warrants, amount	6,412	$ 6,528	(116)	0	0	0
Exercise of options, shares		48,000,000
Exercise of options, amount	28	$ 43	(15)	0	0	0
Common shares issued for services, shares		675,145,000
Common shares issued for services, amount	0	$ 0	0	0	0	0
Issuance costs	(254)	$ (254)	0	0	0	0
Balance, shares at Dec. 31, 2020		89,568,682,000
Balance, amount at Dec. 31, 2020	59,008	$ 108,303	9,951	(97)	(4,810)	(54,339)
Statement [Line Items]
At the market issuances, shares		10,050,000,000
At the market issuances, amount	18,497	$ 18,497	0	0	0	0
Options cancelled or expired	0	$ 0	(443)	0	0	443
Carrying value of RSUs exercised, shares		1,330,167,000
Carrying value of RSUs exercised, amount	0	$ 1,278	(1,278)	0	0	0
Share-based payments	1,469	0	1,469	0	0	0
Net loss for the year	(2,057)	0	0	0	0	(2,057)
Currency translation differences	(159)	$ 0	0	0	(159)	0
Exercise of warrants, shares		1,030,362,000
Exercise of warrants, amount	1,911	$ 1,911	0	0	0	0
Exercise of options, shares		264,000,000
Exercise of options, amount	238	$ 364	(126)	0	0	0
Issuance costs	$ (400)	$ (400)	0	0	0	0
Balance, shares at Dec. 31, 2021	1,030,362,000	102,243,211,000
Balance, amount at Dec. 31, 2021	$ 78,507	$ 129,953	$ 9,573	$ (97)	$ (4,969)	$ (55,953)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net loss	$ (2,057)	$ (7,651)	$ (31,461)
Adjustments for non-cash items:
Deferred income tax recovery (expense)	(412)	1,569	960
Depreciation and depletion	2,116	1,917	3,723
Inventory net realizable value adjustment	0	0	387
Accretion of reclamation provision	47	99	104
Unrealized loss on investments	423	124	(1,282)
Unrealized foreign exchange loss	(265)	(588)	1,461
Unwinding of fair value adjustment on term facility	(13)	(51)	(170)
Fair value adjustment on warrant liability	(1,581)	650	(520)
Realized loss on warrants exercised	1,106	2,733	2,708
Loss from discontinued operations and on disposal	0	(169)	(29,126)
Share-based payments	1,469	1,857	937
Cash Flows From Used In Operations Before Changes In Working Capital	1,657	(2,479)	1,345
Net change in non-cash working capital items	(1,548)	2,551	4,162
Cash Flow from used in operation	109	72	5,507
Financing Activities
Shares and units issued for cash, net of issuance costs	18,098	4,685	7,283
Proceeds from option exercise	238	29	0
Proceeds from warrant exercise	805	3,679	0
Term facility payments	(2,500)	(3,333)	(833)
Finance lease payments	(477)	(640)	(956)
Equipment loan payments	(72)	(217)	(524)
Net Cash used in financing Activities	16,092	4,203	4,970
Investing Activities
Exploration and evaluation expenditures	(1,294)	(231)	(5,273)
Additions to plant, equipment and mining properties	(1,913)	(2,014)	(3,276)
Proceeds from sale of long-term investments	0	78	23
Cash proceeds from sale of discontinued operations	0	0	6,599
Cash disposed of in discontinued operations	0	0	(1,459)
Redemption of reclamation bonds	0	0	102
Net Cash used in investing Activities	(3,207)	(2,167)	(3,734)
Change in cash	12,994	2,108	6,743
Effect of exchange rate changes on cash	58	(20)	(370)
Cash, Beginning	11,713	9,625	3,252
Cash, Ending	$ 24,765	$ 11,713	$ 9,625

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2021
1. NATURE OF OPERATIONS	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 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 Avino Mine which produces copper, silver and gold at the historic Avino property in the state of Durango, Mexico. The Company also owns interests in mineral properties located in British Columbia and Yukon, Canada. Risks associated with Public Health Crises, including COVID-19 The Company's business, operations and financial condition could be materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as the outbreak of COVID-19 that was designated as a pandemic by the World Health Organization on March 11, 2020. The international response to the spread of COVID-19 has led to significant restrictions on travel, temporary business closures, quarantines, global stock market volatility and a general reduction in consumer activity. Such public health crises can result in operating, supply chain and project development delays and disruptions, global stock market and financial market volatility, declining trade and market sentiment, reduced movement of people and labour shortages, and travel and shipping disruption and shutdowns, including as a result of government regulation and prevention measures, or a fear of any of the foregoing, all of which could affect commodity prices, interest rates, credit risk and inflation. In addition, the current COVID-19 pandemic, and any future emergence and spread of similar pathogens could have an adverse impact on global economic conditions which may adversely impact the Company's operations, and the operations of suppliers, contractors and service providers, including smelter and refining service providers, and the demand for the Company's production. The Company may experience business interruptions, including suspended (whether government mandated or otherwise) or reduced operations relating to COVID-19 and other such events outside of the Company's control, which could have a material adverse impact on its business, operations and operating results, financial condition and liquidity. As at the date of the consolidated financial statements, the duration of the business disruptions internationally and related financial impact of COVID-19 cannot be reasonably estimated. It is unknown whether and how the Company may be affected if the pandemic persists for an extended period of time. In particular, the region in which we operate may not have sufficient public infrastructure to adequately respond or efficiently and quickly recover from such event, which could have a materially adverse effect on the Company's operations. The Company's exposure to such public health crises also includes risks to employee health and safety. Should an employee, contractor, community member or visitor become infected with a serious illness that has the potential to spread rapidly, this could place the Company's workforce at risk.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2021
2. BASIS OF PRESENTATION	2. BASIS OF PRESENTATION Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). Basis of Presentation These consolidated 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 consolidated financial statements have been prepared using the accrual basis of accounting on a going concern basis. The accounting policies set out below have been applied consistently to all periods presented in these consolidated financial statements as if the policies have always been in effect. Foreign Currency Translation Functional & presentation currencies The functional currency of the Company is the Canadian dollar. The functional currency of the Company’s Mexican subsidiaries is the US dollar, which is determined to be the currency of the primary economic environment in which the subsidiaries operate. 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. 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 consolidated 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. a) Critical judgments exercised by management in applying accounting policies that have the most significant effect on the amounts presented in these consolidated financial statements are as follows: i. Economic recoverability and probability of future economic benefits from exploration and evaluation costs Management has determined that mine and camp, exploratory drilling, and other exploration and evaluation-related costs that were capitalized have future economic benefits and are economically recoverable. Management uses several criteria in its assessments of economic recoverability and probability of future economic benefits including geologic and metallurgic information, scoping studies, accessible facilities, existing permits, and mine plans. ii. Commencement of production at levels intended by management Prior to reaching production levels intended by management, costs incurred are capitalized as part of the costs of related exploration and evaluation assets, and proceeds from concentrate sales are offset against costs capitalized. Depletion of capitalized costs for mining properties and depreciation of plant and equipment begin when operating levels intended by management have been reached. Management considers several factors in determining when a mining property has reached the intended production levels, including production capacity, recoveries, and number of uninterrupted production days. The basis for achievement of production levels intended by management as indicated by technical feasibility and commercial viability is generally established with proven reserves based on a NI 43-101-compliant technical report or a comparable resource statement and feasibility study, combined with pre-production operating statistics and other factors. In cases where the Company does not have a 43-101-compliant reserve report, on which to base a production decision, the technical feasibility and commercial viability of extracting a mineral resource are considered in light of additional factors including but not limited to: · Acquisition and installation of all critical capital components to achieve desired mining and processing results has been completed. Capital components have been acquired directly and are also available on an as-needed basis from the underground mining contractor; · The necessary labour force, including mining contractors, has been secured to mine and process at planned levels of output; · The mill has consistently processed at levels above design capacity and budgeted production levels with consistent recoveries and grades; and, · Establishing sales agreements with respect to the sale of concentrates. When technical feasibility and commercial viability are considered demonstrable according to the above criteria and other factors, the Company performs an impairment assessment and records an impairment loss, if any, before reclassifying exploration and evaluation costs to plant, equipment, and mining properties. iii. Functional currency The functional currency for the Company and its subsidiaries is the currency of the primary economic environment, in which the entity operates. The Company has determined the functional currency of the Company to be the Canadian dollar. The Company has determined the functional currency of its Mexican subsidiaries to be the US dollar. Determination of functional currency may involve certain judgments to determine the primary economic environment. The Company reconsiders the functional currency of its entities, if there is a change in events and conditions, which determine the primary economic environment. b) Significant assumptions about the future and other sources of estimation uncertainty that management has made at the consolidated statement of financial position date that could result in a material adjustment to the carrying amounts of assets and liabilities in the event that actual results differ from assumptions made relate to, but are not limited to, the following: i. Stockpile and concentrate inventory valuations Concentrate and stockpile mineralized material are valued at the lower of average cost or net realizable value. The assumptions used in the valuation of concentrate and stockpile mineralized material include estimates of copper, silver, and gold contained in the stockpiles and finished goods assumptions for the amount of copper, silver, and gold that is expected to be recovered from the concentrate. If these estimates or assumptions prove to be inaccurate, the Company could be required to write down the recorded value of its concentrate and stockpile mineralized material inventory, which would result in an increase in the Company’s expenses and a reduction in its working capital. ii. Estimated reclamation provisions The Company’s provision for reclamation represents management’s best estimate of the present value of the future cash outflows required to settle estimated reclamation and closure costs at the Avino and San Gonzalo properties. The provision reflects estimates of future costs, inflation, foreign exchange rates and assumptions of risks associated with the future cash outflows, and the applicable risk-free interest rates for discounting the future cash outflows. Changes in the above factors could result in a change to the provision recognized by the Company. Changes to reclamation and closure cost obligations are recorded with a corresponding change to the carrying amounts of the related exploration and evaluation assets or mining properties. Adjustments to the carrying amounts of related mining properties result in a change to future depletion expense. iii. Valuation of share-based payments and warrants The Company uses the Black-Scholes Option Pricing Model for valuation of share-based payments and warrants. Option pricing models require the input of subjective assumptions including expected price volatility, interest rate, and forfeiture rate. Changes in the input assumptions can materially affect fair value estimates and the Company’s net income or loss and its equity reserves. Warrant liabilities are accounting for as derivate liabilities (see Note 16). iv. Impairment of plant, equipment and mining properties, and exploration and evaluation assets Management considers both external and internal sources of information in assessing whether there are any indications that the Company’s plant, equipment, and mining properties, and exploration and evaluation assets are impaired. External sources of information management considers include changes in the market, economic and legal environments, in which the Company operates, that are not within its control and that affect the recoverable amount of its plant, equipment, and mining properties. Internal sources of information that management considers include the manner in which mining properties and plant and equipment are being used, or are expected to be used, and indications of economic performance of the assets. In determining the recoverable amounts of the Company’s plant, equipment and mining properties, management makes estimates of the undiscounted future pre-tax cash flows expected to be derived from the Company’s mining properties, and the appropriate discount rate. Reductions in metal price forecasts, increases in estimated future costs of production, increases in estimated future non expansionary capital expenditures, reductions in the amount of recoverable resources and exploration potential, and adverse current economic conditions are examples of factors that could result in a write down of the carrying amounts of the Company’s plant, equipment and mining properties, and exploration and evaluation assets. Impairment Based on the Company’s assessment with respect to possible indicators of impairment of its mineral properties, including the impact of COVID-19 on our operations and the prevailing market metals prices, the Company concluded that as of December 31, 2021, no impairment indicators were identified. v. Depreciation rate for plant and equipment and depletion rate for mining properties Depreciation and depletion expenses are allocated based on estimates for useful lives of assets. Should the asset life, depletion rates, or depreciation rates differ from the initial estimate, the revised life or rate would be reflected prospectively through income or loss. A change in the mineral resource estimate may impact depletion expense on a prospective basis. vi. Recognition and measurement of deferred tax assets and liabilities Actual amounts of income tax expense are not final until tax returns are filed and accepted by the relevant authorities. This occurs subsequent to the issuance of the consolidated financial statements and the final determination of actual amounts may not be completed for a number of years. Therefore, tax assets and liabilities and net income in subsequent periods will be affected by the amount that estimates differ from the final tax return. Estimates of future taxable income are based on forecasted cash flows from operations and the application of existing tax laws in each jurisdiction. Forecasted cash flows from operations are based on projections internally developed and reviewed by management. Weight is attached to tax planning opportunities that are within the Company’s control, and are feasible and implementable without significant obstacles. The likelihood that tax positions taken will be sustained upon examination by applicable tax authorities is assessed based on individual facts and circumstances of the relevant tax position evaluated in light of all available evidence. Where applicable tax laws and regulations are either unclear or subject to ongoing varying interpretations, it is reasonably possible that changes in these estimates can occur that could materially affect the amounts of deferred tax assets and liabilities. 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 Intercompany balances and transactions, including unrealized income and expenses arising from intercompany transactions, are eliminated in preparing the audited consolidated financial statements.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
SIGNIFICANT ACCOUNTING POLICIES
3. SIGNIFICANT ACCOUNTING POLICIES	3. SIGNIFICANT ACCOUNTING POLICIES Exploration and evaluation assets and development costs The Company capitalizes all costs relating to the acquisition, exploration and evaluation of mineral claims. Expenditures incurred before the Company has obtained the legal rights to explore a specific area are expensed. The Company’s capitalized exploration and evaluation costs are classified as intangible assets. Such costs include, but are not limited to, certain camp costs, geophysical studies, exploratory drilling, geological and sampling expenditures, and depreciation of plant and equipment during the exploration stage. Costs not directly attributable to exploration and evaluation activities, including general administrative overhead costs, are expensed in the period in which they occur. Proceeds from the sale of mineral products or farm outs during the exploration and evaluation stage are deducted from the related capitalized costs. The carrying values of capitalized amounts are reviewed annually, or when indicators of impairment are present. In the case of undeveloped properties, there may be only inferred resources to allow management to form a basis for the impairment review. The review is based on the Company’s intentions for the development of such properties. If a mineral property does not prove to be viable, all unrecoverable costs associated with the property are charged to the consolidated statement of comprehensive income (loss) at the time the determination is made. When the technical feasibility and commercial viability of extracting mineral resources have been demonstrated, exploration and evaluation costs are assessed for impairment, reclassified to mining properties and become subject to depletion. Management considers the technical feasibility and commercial viability of extracting a mineral resource to be demonstrable upon the completion of a positive feasibility study and the establishment of mineral reserves. For certain mineral projects, management may determine the completion of a feasibility study to be cost prohibitive, unnecessary or to present undue risk to the structural integrity of the ore body. Under such circumstances, management considers technical feasibility to be demonstrable when the Company has obtained the necessary environmental and mining permits, land surface and mineral access rights, and the mineral project can be physically constructed and operated in a technically sound manner to produce a saleable mineral product. In assessing whether commercial viability is demonstrable, management considers if its internal economic assessment indicates that the mineral project can be mined to generate a reasonable return on investment for the risk undertaken, and markets or long-term contracts for the product exist. Mine development costs are capitalized until the mineral property is capable of operating in the manner intended by management. The Company evaluates the following factors in determining whether a mining property is capable of operating in the manner intended by management: · The completion and assessment of a reasonable commissioning period of the mill and mining facilities; · Consistent operating results are achieved during the test period; · Existence of clear indicators that operating levels intended by management will be sustainable for the foreseeable future; · Plant / mill has reached a pre-determined percentage of design capacity; · Adequate funding is available and can be allocated to the operating activities; and, · Long term sales arrangements have been secured. The carrying values of capitalized development costs are reviewed annually, or when indicators are present, for impairment. Plant, equipment and mining properties Upon demonstrating the technical feasibility and commercial viability of extracting mineral resources, all expenditures incurred to that date for the mine are reclassified to mining properties. Expenditures capitalized to mining properties include all costs related to obtaining or expanding access to resources including extensions of the haulage ramp and installation of underground infrastructure, and the estimated reclamation provision. Expenditures incurred with respect to a mining property are capitalized when it is probable that additional future economic benefits will flow to the Company. Otherwise, such expenditures are classified as a cost of sales. Plant and equipment are recorded at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs include expenditures that are directly attributable to bringing the asset to a location and condition necessary to operate in a manner intended by management. Such costs are accumulated as construction in progress until the asset is available for use, at which point the asset is classified as plant, equipment and mining properties and depreciation commences. After the date that management’s intended production levels have been achieved, mining properties are depleted using the straight-line method over the estimated remaining life of the mine. The Company estimates the remaining life of its producing mineral properties on an annual basis using a combination of quantitative and qualitative factors including historical results, mineral resource estimates, and management’s intent to operate the property. The Company does not have sufficient reserve information to form a basis for the application of the units-of-production method for depreciation and depletion. As at December 31, 2021 and 2020, the Company estimated a remaining mine life for the Avino Mine of 20 and 20.4 years, respectively. Accumulated mill, machinery, plant facilities, and certain equipment are depreciated using the straight-line method over their estimated useful lives, not to exceed the life of the mine for any assets that are inseparable from the mine. When parts of an item of plant and equipment have different useful lives, they are accounted for as separate items (or components) of plant and equipment. Plant and equipment are depreciated using the following annual rates and methods: Office equipment, furniture, and fixtures 3 years straight line balance Computer equipment 5 years straight line balance Mine machinery and transportation equipment 5 years straight line balance Mill machinery and processing equipment 5 - 20 years straight line Buildings 5 - 20 years straight line Impairment At each financial position reporting date, the carrying amounts of the Company’s assets are reviewed to determine whether there is any indication that those assets are impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. Where the asset does not generate cash flows that are independent from other assets, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An asset’s recoverable amount is the higher of fair value less costs to sell and value in use. Fair value is determined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset or cash generating unit is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in profit or loss for the period. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, provided the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss. Leases Leases in which the Company assumes substantially all risks and rewards of ownership are classified as finance leases. Assets held under finance leases are recognized at the lower of the fair value and present value of the minimum lease payments at inception of the lease, less accumulated depreciation and impairment losses. The corresponding liability is recognized as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation to achieve a constant rate of interest on the remaining liability. Finance charges are recorded as a finance expense within profit and loss, unless they are attributable to qualifying assets, in which case they are capitalized. Operating lease payments are recognized on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed, in which case that systematic basis is used. Operating lease payments are recorded within profit and loss unless they are attributable to qualifying assets, in which case they are capitalized. Inventory Material extracted from the Company's mine is classified as either process material or waste. Process material represents mineralized material that, at the time of extraction, the Company expects to process into a saleable form and sell at a profit, while waste is considered uneconomic to process and its extraction cost is included in direct mining costs. Raw materials are comprised of process material stockpiles. Process material is accumulated in stockpiles that are subsequently processed into bulk copper, silver, and gold concentrate in a saleable form. The Company has bulk copper, silver, and gold concentrate inventory in saleable form that has not yet been sold. Mine operating supplies represent commodity consumables and other raw materials used in the production process, as well as spare parts and other maintenance supplies that are not classified as capital items. Inventories are valued at the lower of cost and net realizable value (“NRV”). Cost is determined on a weighted average basis and includes all costs incurred, based on normal production capacity, in bringing each product to its present location and condition. Cost of inventories comprises direct labor, materials and contractor expenses, depletion and depreciation on mining properties, plant and equipment, and an allocation of mine site costs. As mineralized material is removed for processing, costs are removed based on the average cost per tonne in the stockpile. Stockpiled process material tonnages are verified by periodic surveys. NRV of mineralized material is determined with reference to relevant market prices less applicable variable selling expenses and costs to bring the inventory into its saleable form. NRV of materials and supplies is generally calculated by reference to salvage or scrap values when it is determined that the supplies are obsolete. NRV provisions are recorded within cost of sales in the consolidated statement of operations, and are reversed to reflect subsequent recoveries where the inventory is still on hand. Revenue from Contracts with Customers Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue and costs to sell can be reliably measured. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, and other sales tax or duty. Performance Obligations Based on the criteria outlined in IFRS 15, the Company applied significant judgment in determining that the primary performance obligation relating to its sales contracts is the delivery of concentrates. Shipping and insurance services arranged by the Company for concentrate sales that occur after the transfer of control are also considered performance obligations. Transfer of Control Based on the criteria outlined in IFRS 15, the Company applied significant judgment in determining when the transfer of control occurs. Management based its assessment on a number of indicators of control, which include but are not limited to, whether the Company has the present right of payment and whether the physical possession of the goods, significant risks and rewards, and legal title have been transferred to the customer. Provisional Pricing Based on the criteria outlined in IFRS 15, the Company applied significant judgment in determining variable consideration. The Company identified two provisional pricing components in concentrate sales, represents variable consideration in the form of a) adjustments between original and final assay results relating to the quantity and quality of concentrate shipments, as well as b) pricing adjustments between provisional and final invoicing based on market prices for base and precious metals. Based on the Company’s historical accuracy in the assay process, as evidenced by the negligible historical adjustments relating to assay differences, the Company concluded the variability in consideration caused by the assaying results is negligible. The Company does not expect a significant amount of reversal related to assaying differences. The Company records revenues based on provisional invoices based on quoted market prices of the London Bullion Market Association and the London Metal Exchange during the quotation period outlined in the concentrate sales agreement. The Company applied judgment to determine the amount of variable consideration to be recognized during the period for which the likelihood of significant reversal is low. Financial Instruments Measurement – initial recognition All financial assets and financial liabilities are initially recorded on the Company’s consolidated statement of financial position when the Company becomes a party to the contractual provisions of the instrument. All financial asset and liabilities are initially recorded at fair value, net of attributable transaction costs, except for those classified as fair value through profit or loss (“FVTPL”). Subsequent measurement of financial assets and financial liabilities depends on the classifications of such assets and liabilities. Classification – financial assets Amortized cost: Financial assets that are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and that the contractual terms of the financial assets give rise on specified date to cash flows that are solely payments of principal and interest on the principal amount outstanding, are measured subsequent to initial recognition at amortized cost. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. Interest income is recognized using the effect interest method, and is recognized in Interest and other income, on the consolidated statements of operations and comprehensive income (loss) The Company financial assets at amortized costs include its cash, amounts receivable not related to sales of concentrate, investments (short-term), and reclamation bonds. Fair value through other comprehensive income (“FVTOCI”) Financial assets that are held within a business model whose objective is to hold financial assets in order to both collect contractual cash flows and selling financial assets, and that the contractual terms of the financial assets give rise on specified date to cash flows that are solely payments of principal and interest on the principal amount outstanding. Upon initial recognition of equity securities, the Company may make an irrevocable election (on an instrument-by-instrument basis) to designate its equity securities that would otherwise be measured at FVTPL to present subsequent changes in fair value in other comprehensive income. Designation at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination. Investments in equity instruments at FVTOCI are initially measured at fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes in fair value recognized in other OCI. The cumulative gain or loss is not reclassified to profit or loss on disposal of the instrument; instead, it is transferred to retained earnings. The Company currently has no financial assets designated as FVTOCI. Fair value through profit or loss (“FVTPL”) By default, all other financial assets are measured subsequently at FVTPL, which includes amounts receivable from concentrate sales. Classification – financial liabilities Financial liabilities that are not contingent consideration of an acquirer in a business combination, held for trading or designated as at FVTPL, are measured at amortized cost using the effective interest method. Financial liabilities at amortized cost include accounts payable, amounts due to related parties, term facility, equipment loans, and finance lease obligations. Financial liabilities classified FVTPL include financial liabilities held for trading and financial liabilities designated upon initial recognition as FVTPL. Fair value changes on financial liabilities classified as FVTPL are recognized in the consolidated statements of operations. The Company has classified share purchase warrants with an exercise price in US dollars (see Note 16) as financial liabilities at FVTPL. As these warrants are exercised, the fair value of the recorded warrant liability on date of exercise is included in share capital along with the proceeds from the exercise. If these warrants expire, the related decrease in warrant liability is recognized in the consolidated statements of operations and comprehensive income (loss). The Company has no hedging arrangements and does not apply hedge accounting. Impairment The Company recognizes a loss allowance for expected credit losses on its financial assets when necessary. The amount of expected credit losses is updated at each reporting period to reflect changes in credit risk since initial recognition of the respective financial instruments. Share capital a) Common shares Common shares are classified as equity. Transaction costs directly attributable to the issuance of common shares and equity warrants are recognized as a deduction from equity, net of any tax effects. Transaction costs directly attributable to derivative warrants are charged to operations as a finance cost. b) Repurchase of share capital (treasury shares) When share capital recognized as equity is repurchased, the amount of the consideration paid, which includes directly attributable costs, net of any tax effects, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares and are presented as a deduction from total equity. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to accumulated deficit. Share-based payment transactions The Company’s share option plan and restricted share unit (“RSU”) plan allows directors, officers, employees, and consultants to acquire common shares of the Company. The fair value of options granted is measured at fair value at the grant date based on the market value of the Company’s common shares on that date. The fair value of equity-settled RSUs is measured at the grant date based on the market value of the Company’s common shares on that date, and each tranche is recognized using the graded vesting method over the period during which the RSUs vest. At each financial position reporting date, the amount recognized as an expense is adjusted to reflect the actual number of RSUs that are expected to vest. All options and RSUs are recognized in the consolidated statements of operations and comprehensive income (loss) as an expense or in the consolidated statements of financial position as exploration and evaluation assets over the vesting period with a corresponding increase in equity reserves in the consolidated statements of financial position. Reclamation and other provisions Provisions are recognized where a legal or constructive obligation has been incurred as a result of past events, it is probable that an outflow of resources embodying economic benefit will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. If material, provisions are measured at the present value of the expenditures expected to be required to settle the obligation. The increase in any provision due to the passage of time is recognized as accretion expense. The Company records the present value of estimated costs of legal and constructive obligations required to restore properties in the period in which the obligation is incurred. The nature of these restoration activities includes dismantling and removing structures, rehabilitating mines and restoration, reclamation, and re-vegetation of affected areas. The fair value of the liability for a rehabilitation provision is recorded when it is incurred. When the liability is initially recognized, the present value of the estimated cost is capitalized by increasing the carrying amount of the related mining property or exploration and evaluation asset. Over time, the discounted liability is increased for the change in present value based on the discount rates that reflect current market assessments and the risks specific to the liability, which is accreted over time through periodic charges to income or loss. A revision in estimates or new disturbance will result in an adjustment to the provision with an offsetting adjustment to the mineral property or the exploration and evaluation asset. Additional disturbances, changes in costs, or changes in assumptions are recognized as adjustments to the corresponding assets and reclamation liabilities when they occur. Earnings per share The Company presents basic and diluted earnings per share data for its common shares, calculated by dividing the earnings attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the year. Diluted earnings per share is determined by adjusting the earnings attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares. Income taxes Income taxes in the years presented are comprised of current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized as equity. Deferred tax is recognized using the statement of financial position asset and liability method, which provides for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax recognized is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the consolidated statement of financial position date. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets and liabilities are not recognized if the temporary differences arise from the initial recognition of goodwill or an asset or liability in a transaction other than a business combination that affects neither accounting profit nor taxable profit.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2021
4. RECENT ACCOUNTING PRONOUNCEMENTS	4. RECENT ACCOUNTING PRONOUNCEMENTS Application of new and revised accounting standards: Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) The amendments in Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) introduce a practical expedient for modifications required by the reform, clarify that hedge accounting is not discontinued solely because of the IBOR reform, and introduce disclosures that allow users to understand the nature and extent of risks arising from the IBOR reform to which the entity is exposed to and how the entity manages those risks as well as the entity’s progress in transitioning from IBORs to alternative benchmark rates, and how the entity is managing this transition. The amendments were applied effective January 1, 2021, and did not have a material impact on the Company’s financial statements. Future Changes in Accounting Policies Not Yet Effective as at December 31, 2021: Property, Plant and Equipment — Proceeds before Intended Use (Amendments to IAS 16) The amendments prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the cost of producing those items, in profit or loss. The amendments are applied on or after the first annual reporting period beginning on or after January 1, 2022, with early application permitted. The amendments are applied retrospectively, but only to items of property, plant and equipment that are brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after the beginning of the earliest period presented in the financial statements in which the Company first applies the amendments. The Company will recognize the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings at the beginning of that earliest period presented. This amendment will impact the Company’s future accounting for proceeds from mineral sales prior to reaching commercial production at levels intended by management, however there is no impact upon adoption on January 1, 2022. Classification of Liabilities as Current or Non-Current (Amendments to IAS 1) The amendments aim to promote consistency in applying the requirements by helping companies determine whether, in the statement of financial position, debt and other liabilities with an uncertain settlement date should be classified as current (due or potentially due to be settled within one year) or non-current. The amendments are applied on or after the first annual reporting period beginning on or after January 1, 2023, with early adoption permitted. This amendment is not expected to have a material impact on the Company’s financial statements.

DISPOSITION OF DISCONTINUED OPE

DISPOSITION OF DISCONTINUED OPERATIONS - BRALORNE GOLD MINES LTD.	12 Months Ended
	Dec. 31, 2021
5. DISPOSITION OF DISCONTINUED OPERATIONS - BRALORNE GOLD MINES LTD.	5. DISPOSITION OF DISCONTINUED OPERATIONS – BRALORNE GOLD MINES LTD. On December 13, 2019, the Company completed the sale of its 100% wholly-owned subsidiary Bralorne Gold Mines Ltd. (“Bralorne”) to Talisker Resources Ltd. (“Talisker”). The sale was record in the fourth quarter of fiscal 2019 and includes the Bralorne Gold Mine and is part of the Company’s plan to focus on its core mining operations in Mexico. The consideration included: · C$8.7 million (translated to $6,599) in cash · The issuance of 12,580,000 common shares of Talisker, representing 9.9% on a pro-forma basis following the close of the transaction and subsequent financing by Talisker; · The issuance of 6,290,000 share purchase warrants exercisable at C$0.25 per share for a period of three years after the closing, subject to acceleration in the event the closing price of Talisker’s common shares is great than C$0.35 per share for 20 or more consecutive trading days at any time following April 14, 2020; The sale includes the Bralorne claims, as well as nine mineral claims covering approximately 2,114 hectares in the Lillooet Mining Division of British Columbia, known as the BRX Property. The Company also received future consideration of a $2.5 million cash payment, contingent upon the commencement of commercial production at the Bralorne Mine, for which a fair value has been determined to be Nil at this time. The Company recognized a loss on disposition, net of tax, calculated as follows: Cash proceeds $ 6,599 Talisker shares 2,243 Talisker warrants 716 Total proceeds $ 9,558 Net assets sold and derecognized: Cash 1,495 Other current assets 242 Exploration and evaluation assets 45,613 Plant and equipment 1,745 Other long-term assets 19 Current portion of finance lease obligations and equipment loans (175 ) Non-current portion of finance lease obligations and equipment loans (111 ) Site restoration obligation (10,828 ) Foreign currency translation adjustments (42 ) 37,958 Loss on disposition before selling costs (28,400 ) Selling costs (490 ) Loss on disposition, net (28,890 ) As a result of the sale, the comparative net income (loss) for the current period, as well as previous two years, have been reclassified from continuing operations to discontinued operations: 2021 2020 2019 Revenue from mining operations $ - $ - $ - Cost of sales - - - Mine operating income (loss) - - - Operating expenses (income) - - 16 Accretion of reclamation provision - - 217 Gain on sale of assets - - 2 Other items - - 1 Loss on disposition - 169 28,890 Net loss before income taxes - (169 ) (29,126 ) Income taxes - - - Net loss from discontinued operations and on disposal $ - $ (169 ) $ (29,126 ) The results of discontinued operations included in the consolidated statements of cash flows for the years ended December 31, 2020, 2019 and 2018, are as follows: Cash generated by (used in): 2021 2020 2019 Cash flow used in operating activities $ - $ - $ (19 ) Cash flow used in financing activities - - (258 ) Cash flow used in investing activities - - (5,583 ) Net cash decrease from discontinued operations $ - $ - $ (5,860 )

TAXES RECOVERABLE

TAXES RECOVERABLE	12 Months Ended
	Dec. 31, 2021
6. TAXES RECOVERABLE	6. 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. December 31, 2021 December 31, 2020 VAT recoverable $ 790 $ 2,328 GST recoverable 26 16 Income taxes recoverable 2,548 2,700 $ 3,364 $ 5,044

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2021
7. INVENTORY	7. INVENTORY December 31, 2021 December 31, 2020 Process material stockpiles $ 1,083 $ 373 Concentrate inventory 2,467 64 Materials and supplies 1,629 1,222 $ 5,179 $ 1,659 The amount of inventory recognized as an expense for the year ended December 31, 2021 totalled $7,282 (2020 – $15,832, 2019 – $32,016). See Note 17 for further details.

LONGTERM INVESTMENTS

LONGTERM INVESTMENTS	12 Months Ended
	Dec. 31, 2021
8. LONG TERM INVESTMENTS	8. 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, Net Additions Movements in foreign Fair value adjustments Fair Value December 31, 2020 Exchange for the period 2021 Talisker Resources Common Shares $ 4,176 $ - $ 21 $ (317 ) $ 3,880 Silver Wolf Exploration Ltd. Common Shares - 109 2 (52 ) 59 $ 4,176 $ 109 $ 23 $ (369 ) $ 3,939 On March 26, 2021, the Company received 131,718 common shares as part of the terms in the Option Agreement with Silver Wolf Exploration Ltd., as well as 300,000 share purchase warrants at an exercise price of C$0.20. On October 21, 2021 the company exercised the 300,000 share purchase warrants. Upon acquisition, the fair value of these common shares and share purchase warrants were recorded as “Option Income” as a credit to exploration and evaluation assets (see Note 9). 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. See Note 9 for full details of the Option Agreement, and Note 21(d) for valuation methodology for the share purchase warrants.

EXPLORATION AND EVALUATION ASSE

EXPLORATION AND EVALUATION ASSETS	12 Months Ended
	Dec. 31, 2021
9. EXPLORATION AND EVALUATION ASSETS	9. EXPLORATION AND EVALUATION ASSETS The Company has accumulated the following acquisition, exploration and evaluation costs which are not subject to depletion: Durango, Mexico British Columbia & Yukon, anada Total Balance, January 1, 2020 $ 9,826 $ 1 $ 9,827 Costs incurred during 2020: Drilling and exploration 146 - 146 Assessments and taxes 83 - 83 Effect of movements in exchange rates (4 ) - (4 ) Balance, December 31, 2020 $ 10,051 $ 1 $ 10,052 Costs incurred during 2021: Drilling and exploration 1,047 - 1,047 Assessments and taxes 68 - 698 Effect of movements in exchange rates 3 - 3 Option income (117 ) - (117 ) Balance, December 31, 2021 $ 11,052 $ 1 $ 11,053 Additional information on the Company’s exploration and evaluation properties by region is as follows: (a) Durango, 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 four 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. Within the Avino Mine site area is the Company’s San Gonzalo Mine, which achieved production at levels intended by management as of October 1, 2012, and on this date accumulated exploration and evaluation costs were transferred to mining properties. (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 was informed that Silver Wolf received TSX Venture Exchange approval on the previously-announced entrance 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”). In exchange, Avino received Silver Wolf share purchase warrants to acquire 300,000 common shares of Silver Wolf at an exercise price of C$0.20 per share for a period of 36 months from the date of the TSX Venture Exchange’s final acceptance of the Option Agreement (the “Approval Date”). In order to exercise the option, Silver Wolf will: 1. Issue to Avino a total of C$600 in cash or common shares of Silver Wolf as follows: a. C$50 in common shares of Silver Wolf within 30 days of the Approval Date (received on March 26, 2021 – see Note 6 for details); b. A further C$50 in cash or shares of Silver Wolf at Avino’s discretion on or before the first anniversary of the Approval Date; c. A further C$100 in cash or shares of Silver Wolf at Avino’s discretion on or before the second anniversary of the Approval Date; d. A further C$200 in cash or shares of Silver Wolf at Avino’s discretion on or before the third anniversary of the Approval Date; and e. A further C$200 in cash or shares of Silver Wolf at Avino’s discretion on or before the fourth anniversary of the Approval Date; and 2. Incur a total of C$750 in exploration expenditures on the properties, as follows: a. C$50 on or before the first anniversary of the Approval Date; b. A further C$100 on or before the second anniversary of the Approval Date; and c. A further C$600 on or before the fourth anniversary of the Approval Date. Under the Option Agreement, the parties intend that the first two year’s payments (C$200 in cash or shares), and first C$150 in exploration work will be firm commitments by Silver Wolf. All share issuances will be based on the average volume weighted trading price of Silver Wolf’s shares on the TSX Venture Exchange for the ten (10) trading days immediately preceding the date of issuance of the shares, and the shares will be subject to resale restrictions under applicable securities legislation for 4 months and a day from their date of issue. The Option Agreement between the Company and Silver Wolf is considered a related party transaction as the two companies have directors in common. (iii) Santiago Papasquiaro property The Santiago Papasquiaro property is located near the village of Santiago Papasquiaro, and consists of four exploration concessions covering 2,552.6 hectares and one exploitation concession covering 602.9 hectares. (iv) Unification La Platosa properties The Unification La Platosa properties, consisting of three leased concessions in addition to the leased concession described in note (i) above, are 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. (b) British Columbia, Canada (i) Minto and Olympic-Kelvin properties The Company’s mineral claims in British Columbia encompass two additional properties, Minto and Olympic-Kelvin, each of which consists of 100% owned Crown-granted mineral claims located in the Lillooet Mining Division. (c) Yukon, Canada 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.

NONCONTROLLING INTEREST

NONCONTROLLING INTEREST	12 Months Ended
	Dec. 31, 2021
10. NON-CONTROLLING INTEREST	10. NON-CONTROLLING INTEREST At December 31, 2021, the Company had an effective 99.67% (December 31, 2020 - 99.67%) interest in its subsidiary Avino Mexico and the remaining 0.33% (December 31, 2020 - 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 recognized in the consolidated financial statements.

PLANT EQUIPMENT AND MINING PROP

PLANT EQUIPMENT AND MINING PROPERTIES	12 Months Ended
	Dec. 31, 2021
11. PLANT EQUIPMENT AND MINING PROPERTIES	11. 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, 2020 13,637 524 341 12,919 17,554 9,287 54,262 Additions / Transfers (493 ) 34 6 36 (71 ) 1,976 1,488 Effect of movements in exchange rates 5 5 - - - - 10 Balance at December 31, 2020 13,149 563 347 12,955 17,483 11,263 55,760 Additions / Transfers (113 ) 31 (12 ) 1,285 1,130 508 2,829 Effect of movements in exchange rates 2 1 - - - 7 10 Balance at December 31, 2021 13,038 595 335 14,240 18,613 11,778 58,599 ACCUMULATED DEPLETION AND DEPRECIATION Balance at January 1, 2020 8,066 84 213 4,854 4,013 1,374 18,604 Additions / Transfers 577 103 43 53 1,284 250 2,310 Effect of movements in exchange rates - - - - - - - Balance at December 31, 2020 8,643 187 256 4,907 5,297 1,624 20,914 Additions / Transfers 213 107 11 37 1,370 272 2,010 Effect of movements in exchange rates - - - - - - - Balance at December 31, 2021 8,856 294 267 4,944 6,667 1,896 22,924 NET BOOK VALUE At December 31, 2021 4,182 301 68 9,296 11,946 9,882 35,675 At December 31, 2020 4,506 376 91 8,048 12,186 9,639 34,846 At January 1, 2020 5,571 440 128 8,065 13,541 7,913 35,658 Included in Buildings above are assets under construction of $6,348 as at December 31, 2021 (2020 - $5,327) on which no depreciation was charged in the periods then ended. Once the assets are put into service, they will be transferred to the appropriate class of plant, equipment and mining properties. As at December 31, 2021, plant, equipment and mining properties included a net carrying amount of $Nil (2020 - $442) for mining equipment under equipment loan, and $1,306 (2020 - $1,087) for mining equipment and right of use assets under finance lease.

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	12 Months Ended
	Dec. 31, 2021
12. RELATED PARTY TRANSACTIONS AND BALANCES	12. 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 years ended December 31, 2021, 2020 and 2019 is as follows: 2021 2020 2019 Salaries, benefits, and consulting fees $ 1,021 $ 757 $ 723 Share-based payments 1,188 1,468 659 $ 2,209 $ 2,225 $ 1,382 (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 due to / (from) related parties: December 31, 2021 December 31, 2020 Oniva International Services Corp. $ 107 $ 106 Directors 56 48 $ 163 $ 154 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 year ended December 31, 2021, 2020 and 2019, the Company paid $239, $224 and $226, respectively, 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. 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 during the year ended December 31, 2021, 2020 and 2019 are summarized below: 2021 2020 2019 Salaries and benefits $ 766 $ 636 $ 665 Office and miscellaneous 403 290 322 Exploration and evaluation assets - - 206 $ 1,169 $ 926 $ 1,193

TERM FACILITY

TERM FACILITY	12 Months Ended
	Dec. 31, 2021
13. TERM FACILITY	13. TERM FACILITY In July 2015, the Company entered into a ten million dollar term facility with Samsung C&T U.K. Limited (“Samsung”). Interest is charged on the facility at a rate of US dollar LIBOR (3 month) plus 4.75%. The agreement was later amended in 2018 to extend the repayment period and modify the monthly payments. Other material terms of the facility remained unchanged. The Company paid the remaining balance in monthly instalments of $278 ending September 2021. The Company is committed to selling Avino Mine concentrate on an exclusive basis to Samsung until December 31, 2024. The facility is secured by the concentrates produced under the agreement and by 33% of the common shares of the Company’s wholly-owned subsidiary Compañía Minera Mexicana de Avino, S.A. de C.V.. The facility with Samsung relates to the sale of concentrates produced from the Avino Mine only. The continuity of the term facility with Samsung for the year ended December 31, 2021, and the year ended December 31, 2020, is as follows: December 31, December 31, 2021 2020 Balance at beginning of the period $ 2,513 $ 5,897 Repayments (2,500 ) (3,333 ) Unwinding of fair value adjustment (13 ) (51 ) Balance at end of the period - 2,513 Less: Current portion - (2,513 ) Non-current portion $ - $ -

WARRANT LIABILITY

WARRANT LIABILITY	12 Months Ended
	Dec. 31, 2021
14. WARRANT LIABILITY	14. WARRANT LIABILITY The Company’s warrant liability arises as a result of the issuance of warrants exercisable in US dollars. As the denomination is different from the Canadian dollar functional currency of the entity issuing the underlying shares, the Company recognizes a derivative liability for these warrants and re-measures the liability at the end of each reporting period using the Black-Scholes model. Changes in respect of the Company’s warrant liability are as follows: December 31, 2021 December 31, 2020 Balance at beginning of the period $ 2,295 $ 1,579 Fair value adjustment (1,581 ) 650 Effect of movement in exchange rates 27 66 Balance at end of the period $ 741 $ 2,295 Continuity of warrants during the periods is as follows: Underlying Shares Weighted Average Exercise Price Warrants outstanding and exercisable, January 1, 2020 7,639,968 $ 0.79 Exercised (4,195,072 ) $ 0.80 Exercised (464,122 ) C$0.85 Warrants outstanding and exercisable, December 31, 2020 2,980,774 $ 0.80 Exercised (1,030,362 ) $ 0.80 Warrants outstanding and exercisable, December 31, 2021 1,950,412 $ 0.80 All Warrants Outstanding and Exercisable Expiry Date Exercise Price per Share December 31, 2021 December 31, 2020 September 25, 2023 $ 0.80 1,950,412 2,980,774 1,950,412 2,980,774 As at December 31, 2021, the weighted average remaining contractual life of warrants outstanding was 1.73 years (December 31, 2020 – 2.73 years). Valuation of the warrant liability requires the use of highly subjective estimates and assumptions including the expected stock price volatility. The expected volatility used in valuing warrants 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 warrant liability was calculated using the Black-Scholes model with the following weighted average assumptions and resulting fair values: December 31, 2021 December 31, 2020 Weighted average assumptions: Risk-free interest rate 0.91 % 0.20 % Expected dividend yield 0 % 0 % Expected warrant life (years) 1.73 2.73 Expected stock price volatility 83.13 % 73.93 % Weighted average fair value $ 0.38 $ 0.77 During the year ended December 31, 2021, the Company recorded a realized loss on the exercise of warrants of $1,106 as result of the exercise of 1,030,362 warrants for the issuance of 1,030,362 common shares.

RECLAMATION PROVISION

RECLAMATION PROVISION	12 Months Ended
	Dec. 31, 2021
RECLAMATION PROVISION
15. RECLAMATION PROVISION	15. RECLAMATION PROVISION Management’s estimate of the reclamation provision at December 31, 2021, is $726 (December 31, 2020 – $808), and the undiscounted value of the obligation is $1,252 (December 31, 2020 – $1,275). The present value of the obligation was calculated using a risk-free interest rate of 7.78% (December 31, 2020 – 5.96%) and an inflation rate of 7.36% (December 31, 2020 – 3.15%). Reclamation activities are estimated to begin in 2023 for the San Gonzalo Mine and in 2041 for the Avino Mine. A reconciliation of the changes in the Company’s reclamation provision for the year ended December 31, 2021, and the year ended December 31, 2020, is as follows: December 31, 2021 December 31, 2020 Balance at beginning of the period $ 808 $ 1,524 Changes in estimates (105 ) (737 ) Unwinding of discount related to continuing operations 47 99 Effect of movements in exchange rates (24 ) (78 ) Balance at end of the period $ 726 $ 808

SHARE CAPITAL AND SHAREBASED PA

SHARE CAPITAL AND SHAREBASED PAYMENTS	12 Months Ended
	Dec. 31, 2021
16. SHARE CAPITAL AND SHARE-BASED PAYMENTS	16. SHARE CAPITAL AND SHARE-BASED PAYMENTS (a) Authorized: Unlimited common shares without par value. (b) Issued: (i) During the year ended December 31, 2021, the Company issued 10,050,000 common shares in an at-the-market offering under prospectus supplement for gross proceeds of $19,020. The Company paid a 2.75% cash commission of $523 on gross proceeds, for net proceeds of $18,497, and incurred additional $400 in issuance costs during the period. During the year ended December 31, 2021, the Company issued 1,030,362 common shares following the exercise of 1,030,362 warrants. As a result, $1,911 was recorded to share capital, representing cash proceeds of $824, fair value of the warrants on the date of exercise (see Note 14 for valuation methodology of $US denominated warrants) of $1,106, and movements in foreign exchange of $(19). During the year ended December 31, 2021, the Company issued 264,000 common shares following the exercise of 264,000 options. As a result, $364 was recorded to share capital, representing cash proceeds of $237 and the fair value upon issuance of $127. During the year ended December 31, 2021, the Company issued 1,330,167 common shares upon exercise of RSUs. As a result, $1,278 was recorded to share capital. (ii) During the year ended December 31, 2020, the Company issued 6,730,054 common shares in an at-the-market offering under prospectus supplement for gross proceeds of $4,940. The Company paid a 3% cash commission of $148 on gross proceeds, for net proceeds of $4,792, and incurred an additional $106 in issuance costs during the period. During the year ended December 31, 2020, the Company issued 4,195,072 common shares following the exercise of 4,195,072 warrants. As a result, $6,112 was recorded to share capital, representing cash proceeds of $3,356, fair value of the warrants on the date of exercise (see Note 14 for valuation methodology for $US denominated warrants) of $2,733, and movements in foreign exchange of $69. During the year ended December 31, 2020, the Company also issued 464,122 common shares following the exercise of 464,122 broker warrants. As a result, $416 was recorded to share capital, representing cash proceeds of $300 and the amount attributed to the warrants upon issuance in 2019, representing $116. During the year ended December 31, 2020, the Company issued 675,145 common shares as settlement of accrued advisory services provided by Cantor Fitzgerald Canada Corporate (“Cantor”) for the completion of the sale of Bralorne. The value of these shares was accrued at December 31, 2019; however, the shares were not issued until January 2020. During the year ended December 31, 2020, the Company issued 48,000 common shares following the exercise of 48,000 options. As a result, $43 was recorded to share capital, representing cash proceeds of $28 and the fair value upon issuance of $15. During the year ended December 31, 2020, the Company issued 863,901 common shares upon exercise of RSUs. As a result, $650 was recorded to share capital. (c) Stock options: The Company has a stock option plan to purchase the Company’s common shares, under which it may grant stock options of up to 10% of the Company’s total number of shares issued and outstanding on a non-diluted basis. The stock option plan provides for the granting of stock options to directors, officers, and employees, and to persons providing investor relations or consulting services, the limits being based on the Company’s total number of issued and outstanding shares per year. The stock options vest on the date of grant, except for those issued to persons providing investor relations services, which vest over a period of one year. The option price must be greater than or equal to the discounted market price on the grant date, and the option term cannot exceed ten years from the grant date. Continuity of stock options is as follows: Underlying Shares Weighted Average Exercise Price (C$) Stock options outstanding, January 1, 2020 2,638,500 $ 1.82 Granted 1,700,000 $ 1.64 Exercised (48,000 ) $ 0.79 Cancelled / Forfeited (807,500 ) $ 1.70 Stock options outstanding, December 31, 2020 3,483,000 $ 1.77 Exercised (264,000 ) $ 1.16 Expired (360,000 ) $ 2.95 Cancelled / Forfeited (20,000 ) $ 1.64 Stock options outstanding, December 31, 2021 2,839,000 $ 1.68 Stock options exercisable, December 31, 2021 2,839,000 $ 1.68 The following table summarizes information about the stock options outstanding and exercisable at December 31, 2021: Outstanding Exercisable Expiry Date Price (C$) Number of Options Weighted Average Remaining Contractual Life (Years) Number of Options Weighted Average Remaining Contractual Life (Years) September 20, 2022 $ 1.98 880,000 0.72 880,000 0.72 August 28, 2023 $ 1.30 105,000 1.66 105,000 1.66 August 21, 2024 $ 0.79 174,000 2.64 174,000 2.64 August 4, 2025 $ 1.64 1,680,000 3.59 1,680,000 3.59 2,839,000 2.57 2,839,000 2.57 During the year ended December 31, 2021, the Company charged $362 (year ended December 31, 2020 - $777) to operations as share-based payments for the fair value of stock options granted. (d) Restricted Share Units: On April 19, 2018, the Company’s Restricted Share Unit (“RSU”) Plan was approved by its shareholders. The RSU Plan is administered by the Compensation Committee under the supervision of the Board of Directors as compensation to officers, directors, consultants, and employees. The Compensation Committee determines the terms and conditions upon which a grant is made, including any performance criteria or vesting period. Upon vesting, each RSU entitles the participant to receive one common share, provided that the participant is continuously employed with or providing services to the Company. RSUs track the value of the underlying common shares, but do not entitle the recipient to the underlying common shares until such RSUs vest, nor do they entitle a holder to exercise voting rights or any other rights attached to ownership or control of the common shares, until the RSU vests and the RSU participant receives common shares. Continuity of RSUs is as follows: Underlying Shares Weighted Average Price (C$) RSUs outstanding, January 1, 2020 2,372,875 $ 0.94 Granted 1,481,000 $ 1.64 Exercised (863,901 ) $ 0.99 Cancelled / Forfeited (115,974 ) $ 1.00 RSUs outstanding, December 31, 2020 2,874,000 $ 1.28 Exercised (1,330,167 ) $ 1.22 Cancelled / Forfeited (104,356 ) $ 1.54 RSUs outstanding, December 31, 2021 1,439,477 $ 1.32 The following table summarizes information about the RSUs outstanding at December 31, 2021: Issuance Date Price (C$) Number of RSUs Outstanding August 21, 2019 $ 0.79 539,733 August 4, 2020 $ 1.64 899,744 1,439,477 During the year ended December 31, 2021, no RSUs (year ended December 31, 2020 – 1,481,000) were granted. For the RSUs issued in the year ended December 31, 2020, the weighted average fair value at the measurement date was C$1.64, based on the TSX market price of the Company’s shares on the date the RSUs were granted. During the year ended December 31, 2021, the Company charged $1,107 (December 31, 2020 - $1,080) 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. (e) Earnings (loss) per share: The calculations for basic earnings (loss) per share and diluted earnings (loss) per share are as follows: 2021 2020 2019 Net loss from continuing operations for the period $ (2,057 ) $ (7,482 ) $ (2,335 ) Net loss for the period $ (2,057 ) $ (7,651 ) $ (31,461 ) Basic weighted average number of shares outstanding 100,161,357 83,180,069 69,980,178 Effect of dilutive share options, warrants, and RSUs (‘000) - - - Diluted weighted average number of shares outstanding 100,161,357 83,180,069 69,980,178 Basic loss from continuing operations per share $ (0.02 ) $ (0.09 ) $ (0.03 ) Diluted loss from continuing operations per share $ (0.02 ) $ (0.09 ) $ (0.03 ) Basic loss per share $ (0.02 ) $ (0.09 ) $ (0.45 ) Diluted loss per share $ (0.02 ) $ (0.09 ) $ (0.45 )

REVENUE AND COST OF SALES

REVENUE AND COST OF SALES	12 Months Ended
	Dec. 31, 2021
17. REVENUE AND COST OF SALES	17. REVENUE AND COST OF SALES The Company’s revenues for the year ended December 31, 2021, 2020 and 2019 are all attributable to Mexico, from shipments of concentrate from the Avino Mine, and processing of Historical Above Ground Stockpiles. 2021 2020 2019 Concentrate sales $ 11,208 $ 15,304 $ 31,417 Provisional pricing adjustments 20 718 329 $ 11,228 $ 16,022 $ 31,746 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. Stand-by costs consist of care and maintenance costs incurred during the work stoppages at the Avino Mine during the year ended December 31, 2021 and 2020. Cost of sales is based on the weighted average cost of inventory sold for the periods and consists of the following: 2021 2020 2019 Production costs $ 4,905 $ 11,443 $ 27,949 Stand-by costs 800 2,394 - Inventory net realizable adjustment - - 387 Depreciation and depletion 1,976 1,995 3,680 $ 7,681 $ 15,832 $ 32,016

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2021
18. GENERAL AND ADMINISTRATIVE EXPENSES	18. GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses on the consolidated statements of operations consist of the following: 2021 2020 2019 Salaries and benefits $ 1,277 $ 1,361 $ 1,347 Office and miscellaneous 647 117 286 Management and consulting fees 451 406 461 Professional fees 402 380 470 Investor relations 227 166 171 Directors fees 182 171 162 Regulatory and compliance fees 170 139 143 Depreciation 140 116 43 Travel and promotion 70 46 110 $ 3,566 $ 2,902 $ 3,193

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2021
19. COMMITMENTS	19. 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 12. 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: December 31, 2021 December 31, 2020 Not later than one year $ 96 $ 20 Later than one year and not later than five years 330 14 Later than five years 462 3 $ 888 $ 37 Office lease payments recognized as an expense during the year ended December 31, 2021, totalled $16 (December 31, 2020 - $40).

SUPPLEMENT CASH FLOW INFORMATIO

SUPPLEMENT CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2021
20. SUPPLEMENT CASH FOW INFORMATION	20. SUPPLEMENTARY CASH FLOW INFORMATION 2021 2020 2019 Net change in non-cash working capital items: Deferred revenues $ - $ - $ (573 ) Accounts payable and accrued liabilities 1,240 (2,877 ) (941 ) Prepaid expenses and other assets (203 ) (157 ) 287 Amounts receivable (680 ) 1,211 2,615 Taxes payable 25 (39 ) (121 ) Amounts due to related parties 8 1 6 Taxes recoverable 1,727 440 (193 ) Other liabilities - (178 ) (100 ) Inventory (3,664 ) 4,150 3,182 $ (1,547 ) $ 2,551 $ 4,162 2020 2019 2018 Interest paid $ 92 $ 264 $ 618 Taxes paid $ 589 $ 279 $ 2,373 Equipment acquired under finance leases and equipment loans $ 1,058 $ - $ 122

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
21. FINANCIAL INSTRUMENTS	21. 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 term facility, 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. 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 two (December 31, 2020 – three) counterparty (see Note 23). 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 highly-rated 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 audited consolidated statement of financial position. At December 31, 2021, 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 December 31, 2021, in the amount of $24,765 and working capital of $31,635 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 term facility, equipment loans, and 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 December 31, 2021, are summarized as follows: Total Less Than 1 Year 1-5 years More Than 5 Years Accounts payable and accrued liabilities $ 3,260 $ 3,260 $ - $ - Amounts due to related parties 163 163 - - Minimum rental and lease payments 889 96 331 462 Finance lease obligations 1,152 438 714 - Total $ 5,464 $ 3,957 $ 1,045 $ 462 (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 exposed to interest rate risk primarily on its outstanding term facility, as the interest rate is subject to floating rates of interest. A 10% change in the interest rate would not result in a material impact on the Company’s operations. 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: December 31, 2021 December 31, 2020 MXN CDN MXN CDN Cash $ 3,576 $ 1,450 $ 36,896 $ 2,831 Long-term investments - 4,976 - 5,317 Reclamation bonds - 6 - 6 Amounts receivable - 33 - 20 Accounts payable and accrued liabilities (57,604 ) (211 ) (22,972 ) (157 ) Due to related parties - (206 ) - (196 ) Finance lease obligations (1 ) (394 ) (1,543 ) (448 ) Net exposure (54,029 ) 5,654 12,381 7,373 US dollar equivalent $ (2,363 ) $ (4,054 ) $ 620 $ 5,791 Based on the net US dollar denominated asset and liability exposures as at December 31, 2021, a 10% fluctuation in the US/Mexican and Canadian/US exchange rates would impact the Company’s earnings for the year ended December 31, 2021, by approximately $143 (year ended December 31, 2020 - $589). 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 December 31, 2021, 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 $26 (December 31, 2020 - $2). 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 December 31, 2021, a 10% change in market prices would have an impact on net earnings (loss) of approximately $330 (December 31, 2020 - $418). 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. (d) Classification of Financial Instruments IFRS 7 Financial Instruments: Disclosures 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 and financial liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as at December 31, 2021: Level 1 Level 2 Level 3 Financial assets Cash $ 24,765 $ - $ - Amounts receivable - 1,208 - Long-term investments 3,939 - - Total financial assets $ 28,704 $ 1,208 $ - Financial liabilities Warrant liability - - (741 ) Total financial liabilities $ - $ - $ (741 ) The Company uses Black-Scholes model to measure its Level 3 financial instruments. As at December 31, 2021, the Company’s Level 3 financial instruments consisted of the warrant liability. For the Company’s warrant liability valuation and fair value adjustments during the years ended December 31, 2021 and 2020, see Note 14 of the consolidated financial statements.

CAPITAL MANAGEMENT

CAPITAL MANAGEMENT	12 Months Ended
	Dec. 31, 2021
CAPITAL MANAGEMENT
CAPITAL MANAGEMENT	22. CAPITAL MANAGEMENT The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to pursue the exploration and expansion of its properties and to maintain a flexible capital structure for its projects for the benefit of its stakeholders. In the management of capital, the Company includes equity (comprising of all issued share capital, equity reserves, retained earnings or accumulated deficit, and other comprehensive income (loss)), the term facility, equipment loan obligations, and finance lease, are listed as follows: December 31, December 31, 2021 2020 Equity $ 78,507 $ 59,008 Term Facility - 2,513 Finance Lease Obligations 1,069 486 Equipment Loans - 72 $ 79,576 $ 62,079 The Company manages its capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust its capital structure, the Company may attempt to incur new debt or issue new shares. Management reviews the Company’s capital structure on an ongoing basis and believes that this approach, given the relative size of the Company, is reasonable. At December 31, 2021, the Company expects its capital resources and projected future cash flows from operations to support its normal operating requirements on an ongoing basis, and planned development and exploration of its mineral properties and other expansionary plans. At December 31, 2021, there was no externally imposed capital requirement to which the Company was subject and with which the Company did not comply.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2021
SEGMENTED INFORMATION
23. SEGMENTED INFORMATION	23. SEGMENTED INFORMATION The Company’s revenues for the year ended December 31, 2021, of $11,228 (2020 - $16,022, 2019 - $3,746) are all attributable to Mexico, from shipments of concentrate produced by the Avino Mine and processed material from the Avino Historic Above Ground stockpiles. On the consolidated statements of operations, the Company had revenue from the following product mixes: 2021 2020 2019 Silver $ 3,421 $ 6,318 $ 14,030 Copper 5,566 4,662 13,953 Gold 4,344 8,517 10,326 Penalties, treatment costs and refining charges (2,103 ) (3,475 ) (6,563 ) Total revenue from mining operations $ 11,228 $ 16,022 $ 31,746 For the year ended December 31, 2021, the Company had three customers (2020 – three customers, 2019 – six customers) that accounted for total revenues as follows: 2021 2020 2019 Customer #1 $ 5,521 $ - $ - Customer #2 3,045 12,573 21,810 Customer #3 2,662 3,206 4,861 Customer #4 - (19 ) 3,350 Customer #5 - 262 1,246 Customer #6 - - 469 Customer #7 - - 10 Customer #8 - - - Total revenue from mining operations $ 11,228 $ 16,022 $ 31,746 Geographical information relating to the Company’s non-current assets (other than financial instruments) is as follows: December 31, 2021 December 31, 2020 Exploration and evaluation assets - Mexico $ 11,052 $ 10,051 Exploration and evaluation assets - Canada 1 1 Total exploration and evaluation assets $ 11,053 $ 10,052 December 31, 2021 December 31, 2020 Plant, equipment, and mining properties - Mexico $ 35,390 $ 34,475 Plant, equipment, and mining properties - Canada 285 371 Total plant, equipment, and mining properties $ 35,675 $ 34,846

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income taxes:
24. INCOME TAXES	24. INCOME TAXES (a) Income tax expense Income tax expense included in the consolidated statements of operations and comprehensive income (loss) is as follows: 2021 2020 2019 Current income tax expense $ 27 $ 161 $ 327 Deferred income tax expense (recovery) 412 (1,569 ) (960 ) Total income tax expense (recovery) $ 439 $ (1,408 ) $ (633 ) The reconciliation of income taxes calculated at the Canadian statutory tax rate to the income tax expense recognized in the year is as follows: 2021 2020 2019 Net income (loss) before income taxes $ (1,618 ) $ (8,890 ) $ (2,968 ) Net loss from discontinued operations before income taxes - (169 ) (29,126 ) Net income (loss) before income taxes $ (1,618 ) $ (9,059 ) $ (32,094 ) Combined statutory tax rate 27.00 % 27.00 % 27.00 % Income tax expense (recovery) at the Canadian statutory rate (437 ) (2,446 ) (8,665 ) Reconciling items: Effect of difference in foreign tax rates 11 (86 ) (120 ) Non-deductible/non-taxable items 675 1,467 6,449 Change in unrecognized deductible temporary differences 122 332 1,263 Impact of foreign exchange 75 (112 ) 222 Special mining duties 17 (185 ) 231 Revisions to estimates 313 (297 ) 58 Share issue costs (249 ) (73 ) (174 ) Other items (88 ) (8 ) 103 Income tax expense (recovery) recognized in the year $ 439 $ (1,408 ) $ (633 ) The Company recognized a non-cash recovery of $Nil for the year ended December 31, 2021 (2020 – expense of $164; 2019 – expense of $235) related to the deferred tax impact of the special mining duty. The Canadian income tax rate increased from 26% to 27% effective January 1, 2018, with a statutory impact prior to year-end. The impact of this change has been reflected in the consolidated financial statements. December 31, December 31, 2021 2020 Deferred income tax assets $ 4,341 $ 4,249 Deferred income tax liabilities (6,122 ) (5,618 ) $ (1,781 ) $ (1,369 ) The approximate tax effects of each type of temporary difference that gives rise to potential deferred income tax assets and liabilities are as follows: December 31, 2021 December 31, 2020 Reclamation provision $ 272 $ 304 Non-capital losses 3,525 3,383 Other deductible temporary differences 543 562 Inventory - (2 ) Exploration and evaluation assets (3,326 ) (3,349 ) Plant, equipment and mining properties (2,795 ) (2,267 ) Net deferred income tax liabilities $ (1,781 ) $ (1,369 ) The net deferred tax liability presented in these consolidated financial statements is due to the difference in the carrying amounts and tax bases of the Mexican plant, equipment and mining properties which were acquired in the purchase of Avino Mexico. The carrying values of the Mexican plant, equipment and mining properties includes an estimated fair value adjustment recorded upon the July 17, 2006, acquisition of control of Avino Mexico that was based on a share exchange, while the tax bases of these assets are historical undeducted tax amounts that were nil on acquisition. The deferred tax liability is attributable to assets in the tax jurisdiction of Mexico. (b) Unrecognized deductible temporary differences: Temporary differences and tax losses arising in Canada have not been recognized as deferred income tax assets due to the fact that management has determined it is not probable that sufficient future taxable profits will be earned in Canada to recover such assets. Unrecognized deductible temporary differences are summarized as follows: December 31, 2021 December 31, 2020 Tax losses carried forward $ 17,968 $ 18,974 Share issue costs 1,478 1,144 Plant, equipment and mining properties 341 263 Exploration and evaluation assets 1,244 1,248 Investments (15 ) (400 ) Reclamation provision and other - - Unrecognized deductible temporary differences $ 21,016 $ 21,229 The Company has capital losses of $10,361 carried forward and $7,607 in non-capital tax losses carried forward available to reduce future Canadian taxable income. The capital losses can be carried forward indefinitely until used. The non-capital losses have an expiry date range of 2027 to 2041.

PENDING TRANSACTION

PENDING TRANSACTION	12 Months Ended
	Dec. 31, 2021
PENDING TRANSACTION
25. PENDING TRANSACTION	25. PENDING TRANSACTION Pending acquisition of La Preciosa – Consideration of $20 million, of which $15 million is payable at the closing of the Transaction from Avino’s cash on hand and the remaining $5 million is payable before the first anniversary of the closing date. Additionally, Avino will issue 14.0 million units (the “Units”), each comprising one common share and one-half of a common share purchase warrant (each full warrant, a “Warrant”). Contingent cash consideration of US$8.75 million will be payable by Avino to Coeur within 12 months of initial production at La Preciosa. Avino may elect to pay up to half of the contingent cash consideration in Avino shares. Coeur will retain ownership of a 1.25% net smelter return royalty on the Gloria and Abundancia areas of La Preciosa, and a 2.00% gross value royalty on all areas of La Preciosa other than the Gloria and Abundancia areas. So long as Coeur holds 10% or more of the outstanding shares of Avino, Coeur has the option to nominate one director for election to the Avino board or designate a board observer. At closing, Coeur has also been granted pre-emptive rights to maintain its equity ownership position in Avino and has entered into a voting agreement with Avino. The completion of the proposed Transaction is subject to a number of customary conditions precedent, as well as, the authorization of the Mexican Federal Economic Competition Commission, approval of the issuance of the Unit consideration and contingent payment amount by the NYSE American, the Toronto Stock Exchange, and any other necessary third party approvals. The Closing of the Transaction is expected to occur during Q1 2022.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
SIGNIFICANT ACCOUNTING POLICIES
Exploration and evaluation assets and development costs	(i) Exploration and evaluation expenditures The Company capitalizes all costs relating to the acquisition, exploration and evaluation of mineral claims. Expenditures incurred before the Company has obtained the legal rights to explore a specific area are expensed. The Company’s capitalized exploration and evaluation costs are classified as intangible assets. Such costs include, but are not limited to, certain camp costs, geophysical studies, exploratory drilling, geological and sampling expenditures, and depreciation of plant and equipment during the exploration stage. Costs not directly attributable to exploration and evaluation activities, including general administrative overhead costs, are expensed in the period in which they occur. Proceeds from the sale of mineral products or farm outs during the exploration and evaluation stage are deducted from the related capitalized costs. The carrying values of capitalized amounts are reviewed annually, or when indicators of impairment are present. In the case of undeveloped properties, there may be only inferred resources to allow management to form a basis for the impairment review. The review is based on the Company’s intentions for the development of such properties. If a mineral property does not prove to be viable, all unrecoverable costs associated with the property are charged to the consolidated statement of comprehensive income (loss) at the time the determination is made. When the technical feasibility and commercial viability of extracting mineral resources have been demonstrated, exploration and evaluation costs are assessed for impairment, reclassified to mining properties and become subject to depletion. Management considers the technical feasibility and commercial viability of extracting a mineral resource to be demonstrable upon the completion of a positive feasibility study and the establishment of mineral reserves. For certain mineral projects, management may determine the completion of a feasibility study to be cost prohibitive, unnecessary or to present undue risk to the structural integrity of the ore body. Under such circumstances, management considers technical feasibility to be demonstrable when the Company has obtained the necessary environmental and mining permits, land surface and mineral access rights, and the mineral project can be physically constructed and operated in a technically sound manner to produce a saleable mineral product. In assessing whether commercial viability is demonstrable, management considers if its internal economic assessment indicates that the mineral project can be mined to generate a reasonable return on investment for the risk undertaken, and markets or long-term contracts for the product exist. Mine development costs are capitalized until the mineral property is capable of operating in the manner intended by management. The Company evaluates the following factors in determining whether a mining property is capable of operating in the manner intended by management: · The completion and assessment of a reasonable commissioning period of the mill and mining facilities; · Consistent operating results are achieved during the test period; · Existence of clear indicators that operating levels intended by management will be sustainable for the foreseeable future; · Plant / mill has reached a pre-determined percentage of design capacity; · Adequate funding is available and can be allocated to the operating activities; and, · Long term sales arrangements have been secured. The carrying values of capitalized development costs are reviewed annually, or when indicators are present, for impairment.
Plant, equipment, and mining properties	Upon demonstrating the technical feasibility and commercial viability of extracting mineral resources, all expenditures incurred to that date for the mine are reclassified to mining properties. Expenditures capitalized to mining properties include all costs related to obtaining or expanding access to resources including extensions of the haulage ramp and installation of underground infrastructure, and the estimated reclamation provision. Expenditures incurred with respect to a mining property are capitalized when it is probable that additional future economic benefits will flow to the Company. Otherwise, such expenditures are classified as a cost of sales. Plant and equipment are recorded at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs include expenditures that are directly attributable to bringing the asset to a location and condition necessary to operate in a manner intended by management. Such costs are accumulated as construction in progress until the asset is available for use, at which point the asset is classified as plant, equipment and mining properties and depreciation commences. After the date that management’s intended production levels have been achieved, mining properties are depleted using the straight-line method over the estimated remaining life of the mine. The Company estimates the remaining life of its producing mineral properties on an annual basis using a combination of quantitative and qualitative factors including historical results, mineral resource estimates, and management’s intent to operate the property. The Company does not have sufficient reserve information to form a basis for the application of the units-of-production method for depreciation and depletion. As at December 31, 2021 and 2020, the Company estimated a remaining mine life for the Avino Mine of 20 and 20.4 years, respectively. Accumulated mill, machinery, plant facilities, and certain equipment are depreciated using the straight-line method over their estimated useful lives, not to exceed the life of the mine for any assets that are inseparable from the mine. When parts of an item of plant and equipment have different useful lives, they are accounted for as separate items (or components) of plant and equipment. Plant and equipment are depreciated using the following annual rates and methods: Office equipment, furniture, and fixtures 3 years straight line balance Computer equipment 5 years straight line balance Mine machinery and transportation equipment 5 years straight line balance Mill machinery and processing equipment 5 - 20 years straight line Buildings 5 - 20 years straight line
Impairment	At each financial position reporting date, the carrying amounts of the Company’s assets are reviewed to determine whether there is any indication that those assets are impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. Where the asset does not generate cash flows that are independent from other assets, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An asset’s recoverable amount is the higher of fair value less costs to sell and value in use. Fair value is determined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset or cash generating unit is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in profit or loss for the period. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, provided the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss.
Leases	Leases in which the Company assumes substantially all risks and rewards of ownership are classified as finance leases. Assets held under finance leases are recognized at the lower of the fair value and present value of the minimum lease payments at inception of the lease, less accumulated depreciation and impairment losses. The corresponding liability is recognized as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation to achieve a constant rate of interest on the remaining liability. Finance charges are recorded as a finance expense within profit and loss, unless they are attributable to qualifying assets, in which case they are capitalized. Operating lease payments are recognized on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed, in which case that systematic basis is used. Operating lease payments are recorded within profit and loss unless they are attributable to qualifying assets, in which case they are capitalized.
Inventory	Material extracted from the Company's mine is classified as either process material or waste. Process material represents mineralized material that, at the time of extraction, the Company expects to process into a saleable form and sell at a profit, while waste is considered uneconomic to process and its extraction cost is included in direct mining costs. Raw materials are comprised of process material stockpiles. Process material is accumulated in stockpiles that are subsequently processed into bulk copper, silver, and gold concentrate in a saleable form. The Company has bulk copper, silver, and gold concentrate inventory in saleable form that has not yet been sold. Mine operating supplies represent commodity consumables and other raw materials used in the production process, as well as spare parts and other maintenance supplies that are not classified as capital items. Inventories are valued at the lower of cost and net realizable value (“NRV”). Cost is determined on a weighted average basis and includes all costs incurred, based on normal production capacity, in bringing each product to its present location and condition. Cost of inventories comprises direct labor, materials and contractor expenses, depletion and depreciation on mining properties, plant and equipment, and an allocation of mine site costs. As mineralized material is removed for processing, costs are removed based on the average cost per tonne in the stockpile. Stockpiled process material tonnages are verified by periodic surveys. NRV of mineralized material is determined with reference to relevant market prices less applicable variable selling expenses and costs to bring the inventory into its saleable form. NRV of materials and supplies is generally calculated by reference to salvage or scrap values when it is determined that the supplies are obsolete. NRV provisions are recorded within cost of sales in the consolidated statement of operations, and are reversed to reflect subsequent recoveries where the inventory is still on hand.
Revenue from Contracts with Customers	Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue and costs to sell can be reliably measured. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, and other sales tax or duty.
Performance Obligations	Based on the criteria outlined in IFRS 15, the Company applied significant judgment in determining that the primary performance obligation relating to its sales contracts is the delivery of concentrates. Shipping and insurance services arranged by the Company for concentrate sales that occur after the transfer of control are also considered performance obligations.
Transfer of Control	Based on the criteria outlined in IFRS 15, the Company applied significant judgment in determining when the transfer of control occurs. Management based its assessment on a number of indicators of control, which include but are not limited to, whether the Company has the present right of payment and whether the physical possession of the goods, significant risks and rewards, and legal title have been transferred to the customer.
Provisional Pricing	Based on the criteria outlined in IFRS 15, the Company applied significant judgment in determining variable consideration. The Company identified two provisional pricing components in concentrate sales, represents variable consideration in the form of a) adjustments between original and final assay results relating to the quantity and quality of concentrate shipments, as well as b) pricing adjustments between provisional and final invoicing based on market prices for base and precious metals. Based on the Company’s historical accuracy in the assay process, as evidenced by the negligible historical adjustments relating to assay differences, the Company concluded the variability in consideration caused by the assaying results is negligible. The Company does not expect a significant amount of reversal related to assaying differences. The Company records revenues based on provisional invoices based on quoted market prices of the London Bullion Market Association and the London Metal Exchange during the quotation period outlined in the concentrate sales agreement. The Company applied judgment to determine the amount of variable consideration to be recognized during the period for which the likelihood of significant reversal is low.
Financial Instruments	Measurement – initial recognition All financial assets and financial liabilities are initially recorded on the Company’s consolidated statement of financial position when the Company becomes a party to the contractual provisions of the instrument. All financial asset and liabilities are initially recorded at fair value, net of attributable transaction costs, except for those classified as fair value through profit or loss (“FVTPL”). Subsequent measurement of financial assets and financial liabilities depends on the classifications of such assets and liabilities. Classification – financial assets Amortized cost: Financial assets that are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and that the contractual terms of the financial assets give rise on specified date to cash flows that are solely payments of principal and interest on the principal amount outstanding, are measured subsequent to initial recognition at amortized cost. The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. Interest income is recognized using the effect interest method, and is recognized in Interest and other income, on the consolidated statements of operations and comprehensive income (loss) The Company financial assets at amortized costs include its cash, amounts receivable not related to sales of concentrate, investments (short-term), and reclamation bonds. Fair value through other comprehensive income (“FVTOCI”) Financial assets that are held within a business model whose objective is to hold financial assets in order to both collect contractual cash flows and selling financial assets, and that the contractual terms of the financial assets give rise on specified date to cash flows that are solely payments of principal and interest on the principal amount outstanding. Upon initial recognition of equity securities, the Company may make an irrevocable election (on an instrument-by-instrument basis) to designate its equity securities that would otherwise be measured at FVTPL to present subsequent changes in fair value in other comprehensive income. Designation at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognized by an acquirer in a business combination. Investments in equity instruments at FVTOCI are initially measured at fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes in fair value recognized in other OCI. The cumulative gain or loss is not reclassified to profit or loss on disposal of the instrument; instead, it is transferred to retained earnings. The Company currently has no financial assets designated as FVTOCI. Fair value through profit or loss (“FVTPL”) By default, all other financial assets are measured subsequently at FVTPL, which includes amounts receivable from concentrate sales. Classification – financial liabilities Financial liabilities that are not contingent consideration of an acquirer in a business combination, held for trading or designated as at FVTPL, are measured at amortized cost using the effective interest method. Financial liabilities at amortized cost include accounts payable, amounts due to related parties, term facility, equipment loans, and finance lease obligations. Financial liabilities classified FVTPL include financial liabilities held for trading and financial liabilities designated upon initial recognition as FVTPL. Fair value changes on financial liabilities classified as FVTPL are recognized in the consolidated statements of operations. The Company has classified share purchase warrants with an exercise price in US dollars (see Note 16) as financial liabilities at FVTPL. As these warrants are exercised, the fair value of the recorded warrant liability on date of exercise is included in share capital along with the proceeds from the exercise. If these warrants expire, the related decrease in warrant liability is recognized in the consolidated statements of operations and comprehensive income (loss). The Company has no hedging arrangements and does not apply hedge accounting. Impairment The Company recognizes a loss allowance for expected credit losses on its financial assets when necessary. The amount of expected credit losses is updated at each reporting period to reflect changes in credit risk since initial recognition of the respective financial instruments.
Share capital	a) Common shares Common shares are classified as equity. Transaction costs directly attributable to the issuance of common shares and equity warrants are recognized as a deduction from equity, net of any tax effects. Transaction costs directly attributable to derivative warrants are charged to operations as a finance cost. b) Repurchase of share capital (treasury shares) When share capital recognized as equity is repurchased, the amount of the consideration paid, which includes directly attributable costs, net of any tax effects, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares and are presented as a deduction from total equity. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity, and the resulting surplus or deficit on the transaction is transferred to accumulated deficit.
Share-based payment transactions	The Company’s share option plan and restricted share unit (“RSU”) plan allows directors, officers, employees, and consultants to acquire common shares of the Company. The fair value of options granted is measured at fair value at the grant date based on the market value of the Company’s common shares on that date. The fair value of equity-settled RSUs is measured at the grant date based on the market value of the Company’s common shares on that date, and each tranche is recognized using the graded vesting method over the period during which the RSUs vest. At each financial position reporting date, the amount recognized as an expense is adjusted to reflect the actual number of RSUs that are expected to vest. All options and RSUs are recognized in the consolidated statements of operations and comprehensive income (loss) as an expense or in the consolidated statements of financial position as exploration and evaluation assets over the vesting period with a corresponding increase in equity reserves in the consolidated statements of financial position.
Reclamation and other provisions	Provisions are recognized where a legal or constructive obligation has been incurred as a result of past events, it is probable that an outflow of resources embodying economic benefit will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. If material, provisions are measured at the present value of the expenditures expected to be required to settle the obligation. The increase in any provision due to the passage of time is recognized as accretion expense. The Company records the present value of estimated costs of legal and constructive obligations required to restore properties in the period in which the obligation is incurred. The nature of these restoration activities includes dismantling and removing structures, rehabilitating mines and restoration, reclamation, and re-vegetation of affected areas. The fair value of the liability for a rehabilitation provision is recorded when it is incurred. When the liability is initially recognized, the present value of the estimated cost is capitalized by increasing the carrying amount of the related mining property or exploration and evaluation asset. Over time, the discounted liability is increased for the change in present value based on the discount rates that reflect current market assessments and the risks specific to the liability, which is accreted over time through periodic charges to income or loss. A revision in estimates or new disturbance will result in an adjustment to the provision with an offsetting adjustment to the mineral property or the exploration and evaluation asset. Additional disturbances, changes in costs, or changes in assumptions are recognized as adjustments to the corresponding assets and reclamation liabilities when they occur.
Earnings per share	The Company presents basic and diluted earnings per share data for its common shares, calculated by dividing the earnings attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the year. Diluted earnings per share is determined by adjusting the earnings attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potentially dilutive common shares.
Income taxes	Income taxes in the years presented are comprised of current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized as equity. Deferred tax is recognized using the statement of financial position asset and liability method, which provides for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax recognized is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the consolidated statement of financial position date. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets and liabilities are not recognized if the temporary differences arise from the initial recognition of goodwill or an asset or liability in a transaction other than a business combination that affects neither accounting profit nor taxable profit.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of detailed information about the accounts of the Company and its Canadian and Mexican subsidiaries	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

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
SIGNIFICANT ACCOUNTING POLICIES (Tables)
Disclosure of detailed information about the Plant and equipment are depreciated	Plant and equipment are depreciated using the following annual rates and methods: Office equipment, furniture, and fixtures 3 years straight line balance Computer equipment 5 years straight line balance Mine machinery and transportation equipment 5 years straight line balance Mill machinery and processing equipment 5 - 20 years straight line Buildings 5 - 20 years straight line

DISPOSITION OF DISCONTINUED O_2

DISPOSITION OF DISCONTINUED OPERATIONS BRALORNE GOLD MINES LTD (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of consolidated statements of cash flows	Cash generated by (used in): 2021 2020 2019 Cash flow used in operating activities $ - $ - $ (19 ) Cash flow used in financing activities - - (258 ) Cash flow used in investing activities - - (5,583 ) Net cash decrease from discontinued operations $ - $ - $ (5,860 )
Schedule of comparative net income (loss)	Cash proceeds $ 6,599 Talisker shares 2,243 Talisker warrants 716 Total proceeds $ 9,558 Net assets sold and derecognized: Cash 1,495 Other current assets 242 Exploration and evaluation assets 45,613 Plant and equipment 1,745 Other long-term assets 19 Current portion of finance lease obligations and equipment loans (175 ) Non-current portion of finance lease obligations and equipment loans (111 ) Site restoration obligation (10,828 ) Foreign currency translation adjustments (42 ) 37,958 Loss on disposition before selling costs (28,400 ) Selling costs (490 ) Loss on disposition, net (28,890 ) 2021 2020 2019 Revenue from mining operations $ - $ - $ - Cost of sales - - - Mine operating income (loss) - - - Operating expenses (income) - - 16 Accretion of reclamation provision - - 217 Gain on sale of assets - - 2 Other items - - 1 Loss on disposition - 169 28,890 Net loss before income taxes - (169 ) (29,126 ) Income taxes - - - Net loss from discontinued operations and on disposal $ - $ (169 ) $ (29,126 )

TAXES RECEOVERABLE (Tables)

TAXES RECEOVERABLE (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of income taxes recoverable and Canadian sales taxes	December 31, 2021 December 31, 2020 VAT recoverable $ 790 $ 2,328 GST recoverable 26 16 Income taxes recoverable 2,548 2,700 $ 3,364 $ 5,044

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Inventory	December 31, 2021 December 31, 2020 Process material stockpiles $ 1,083 $ 373 Concentrate inventory 2,467 64 Materials and supplies 1,629 1,222 $ 5,179 $ 1,659

LONGTERM INVESTMENTS (Tables)

LONGTERM INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of long-term investments	Fair Value December 31, Net Additions Movements in foreign Fair value adjustments Fair Value December 31, 2020 Exchange for the period 2021 Talisker Resources Common Shares $ 4,176 $ - $ 21 $ (317 ) $ 3,880 Silver Wolf Exploration Ltd. Common Shares - 109 2 (52 ) 59 $ 4,176 $ 109 $ 23 $ (369 ) $ 3,939

EXPLORATION AND EVALUATION AS_2

EXPLORATION AND EVALUATION ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of exploration and evaluation costs	Durango, Mexico British Columbia & Yukon, anada Total Balance, January 1, 2020 $ 9,826 $ 1 $ 9,827 Costs incurred during 2020: Drilling and exploration 146 - 146 Assessments and taxes 83 - 83 Effect of movements in exchange rates (4 ) - (4 ) Balance, December 31, 2020 $ 10,051 $ 1 $ 10,052 Costs incurred during 2021: Drilling and exploration 1,047 - 1,047 Assessments and taxes 68 - 698 Effect of movements in exchange rates 3 - 3 Option income (117 ) - (117 ) Balance, December 31, 2021 $ 11,052 $ 1 $ 11,053

PLANT EQUIPMENT AND MINING PR_2

PLANT EQUIPMENT AND MINING PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2020 13,637 524 341 12,919 17,554 9,287 54,262 Additions / Transfers (493 ) 34 6 36 (71 ) 1,976 1,488 Effect of movements in exchange rates 5 5 - - - - 10 Balance at December 31, 2020 13,149 563 347 12,955 17,483 11,263 55,760 Additions / Transfers (113 ) 31 (12 ) 1,285 1,130 508 2,829 Effect of movements in exchange rates 2 1 - - - 7 10 Balance at December 31, 2021 13,038 595 335 14,240 18,613 11,778 58,599 ACCUMULATED DEPLETION AND DEPRECIATION Balance at January 1, 2020 8,066 84 213 4,854 4,013 1,374 18,604 Additions / Transfers 577 103 43 53 1,284 250 2,310 Effect of movements in exchange rates - - - - - - - Balance at December 31, 2020 8,643 187 256 4,907 5,297 1,624 20,914 Additions / Transfers 213 107 11 37 1,370 272 2,010 Effect of movements in exchange rates - - - - - - - Balance at December 31, 2021 8,856 294 267 4,944 6,667 1,896 22,924 NET BOOK VALUE At December 31, 2021 4,182 301 68 9,296 11,946 9,882 35,675 At December 31, 2020 4,506 376 91 8,048 12,186 9,639 34,846 At January 1, 2020 5,571 440 128 8,065 13,541 7,913 35,658

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Related Party Transactions with Oniva	2021 2020 2019 Salaries and benefits $ 766 $ 636 $ 665 Office and miscellaneous 403 290 322 Exploration and evaluation assets - - 206 $ 1,169 $ 926 $ 1,193
Schedule of Related Party Transactions and Balances	2021 2020 2019 Salaries, benefits, and consulting fees $ 1,021 $ 757 $ 723 Share-based payments 1,188 1,468 659 $ 2,209 $ 2,225 $ 1,382
Schedule of Due to Related Parties	December 31, 2021 December 31, 2020 Oniva International Services Corp. $ 107 $ 106 Directors 56 48 $ 163 $ 154

TERM FACILITY (Tables)

TERM FACILITY (Tables)	12 Months Ended
	Dec. 31, 2021
TERM FACILITY	December 31, December 31, 2021 2020 Balance at beginning of the period $ 2,513 $ 5,897 Repayments (2,500 ) (3,333 ) Unwinding of fair value adjustment (13 ) (51 ) Balance at end of the period - 2,513 Less: Current portion - (2,513 ) Non-current portion $ - $ -

WARRANT LIABILITY (Tables)

WARRANT LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Change in Warrant Liability	December 31, 2021 December 31, 2020 Balance at beginning of the period $ 2,295 $ 1,579 Fair value adjustment (1,581 ) 650 Effect of movement in exchange rates 27 66 Balance at end of the period $ 741 $ 2,295
Schedule of Warrants Outstanding and Exercisable	Underlying Shares Weighted Average Exercise Price Warrants outstanding and exercisable, January 1, 2020 7,639,968 $ 0.79 Exercised (4,195,072 ) $ 0.80 Exercised (464,122 ) C$0.85 Warrants outstanding and exercisable, December 31, 2020 2,980,774 $ 0.80 Exercised (1,030,362 ) $ 0.80 Warrants outstanding and exercisable, December 31, 2021 1,950,412 $ 0.80 All Warrants Outstanding and Exercisable Expiry Date Exercise Price per Share December 31, 2021 December 31, 2020 September 25, 2023 $ 0.80 1,950,412 2,980,774 1,950,412 2,980,774
Schedule of Fair Value of Warrant Liability	December 31, 2021 December 31, 2020 Weighted average assumptions: Risk-free interest rate 0.91 % 0.20 % Expected dividend yield 0 % 0 % Expected warrant life (years) 1.73 2.73 Expected stock price volatility 83.13 % 73.93 % Weighted average fair value $ 0.38 $ 0.77

RECLAMATION PROVISION (Tables)

RECLAMATION PROVISION (Tables)	12 Months Ended
	Dec. 31, 2021
RECLAMATION PROVISION (Tables)
Reconciliation of the changes in the Company's reclamation provision	December 31, 2021 December 31, 2020 Balance at beginning of the period $ 808 $ 1,524 Changes in estimates (105 ) (737 ) Unwinding of discount related to continuing operations 47 99 Effect of movements in exchange rates (24 ) (78 ) Balance at end of the period $ 726 $ 808

SHARE CAPITAL AND SHAREBASED _2

SHARE CAPITAL AND SHAREBASED PAYMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Stock Options	Underlying Shares Weighted Average Exercise Price (C$) Stock options outstanding, January 1, 2020 2,638,500 $ 1.82 Granted 1,700,000 $ 1.64 Exercised (48,000 ) $ 0.79 Cancelled / Forfeited (807,500 ) $ 1.70 Stock options outstanding, December 31, 2020 3,483,000 $ 1.77 Exercised (264,000 ) $ 1.16 Expired (360,000 ) $ 2.95 Cancelled / Forfeited (20,000 ) $ 1.64 Stock options outstanding, December 31, 2021 2,839,000 $ 1.68 Stock options exercisable, December 31, 2021 2,839,000 $ 1.68
Schedule of Stock Options Outsanding 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) September 20, 2022 $ 1.98 880,000 0.72 880,000 0.72 August 28, 2023 $ 1.30 105,000 1.66 105,000 1.66 August 21, 2024 $ 0.79 174,000 2.64 174,000 2.64 August 4, 2025 $ 1.64 1,680,000 3.59 1,680,000 3.59 2,839,000 2.57 2,839,000 2.57
Schedule of RSU Outstanding	Underlying Shares Weighted Average Price (C$) RSUs outstanding, January 1, 2020 2,372,875 $ 0.94 Granted 1,481,000 $ 1.64 Exercised (863,901 ) $ 0.99 Cancelled / Forfeited (115,974 ) $ 1.00 RSUs outstanding, December 31, 2020 2,874,000 $ 1.28 Exercised (1,330,167 ) $ 1.22 Cancelled / Forfeited (104,356 ) $ 1.54 RSUs outstanding, December 31, 2021 1,439,477 $ 1.32
Schedule of fair value of options granted	Issuance Date Price (C$) Number of RSUs Outstanding August 21, 2019 $ 0.79 539,733 August 4, 2020 $ 1.64 899,744 1,439,477
Schedule of Basic Earnings Per Share and Diluted Earnings Per Share	2021 2020 2019 Net loss from continuing operations for the period $ (2,057 ) $ (7,482 ) $ (2,335 ) Net loss for the period $ (2,057 ) $ (7,651 ) $ (31,461 ) Basic weighted average number of shares outstanding 100,161,357 83,180,069 69,980,178 Effect of dilutive share options, warrants, and RSUs (‘000) - - - Diluted weighted average number of shares outstanding 100,161,357 83,180,069 69,980,178 Basic loss from continuing operations per share $ (0.02 ) $ (0.09 ) $ (0.03 ) Diluted loss from continuing operations per share $ (0.02 ) $ (0.09 ) $ (0.03 ) Basic loss per share $ (0.02 ) $ (0.09 ) $ (0.45 ) Diluted loss per share $ (0.02 ) $ (0.09 ) $ (0.45 )

REVENUE AND COST OF SALES (Tabl

REVENUE AND COST OF SALES (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Revenue	2021 2020 2019 Concentrate sales $ 11,208 $ 15,304 $ 31,417 Provisional pricing adjustments 20 718 329 $ 11,228 $ 16,022 $ 31,746
Schedule of Cost of Sales	2021 2020 2019 Production costs $ 4,905 $ 11,443 $ 27,949 Stand-by costs 800 2,394 - Inventory net realizable adjustment - - 387 Depreciation and depletion 1,976 1,995 3,680 $ 7,681 $ 15,832 $ 32,016

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of General and Administrative Expenses	2021 2020 2019 Salaries and benefits $ 1,277 $ 1,361 $ 1,347 Office and miscellaneous 647 117 286 Management and consulting fees 451 406 461 Professional fees 402 380 470 Investor relations 227 166 171 Directors fees 182 171 162 Regulatory and compliance fees 170 139 143 Depreciation 140 116 43 Travel and promotion 70 46 110 $ 3,566 $ 2,902 $ 3,193

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Commitments	December 31, 2021 December 31, 2020 Not later than one year $ 96 $ 20 Later than one year and not later than five years 330 14 Later than five years 462 3 $ 888 $ 37

SUPPLEMENT CASH FLOW INFORMAT_2

SUPPLEMENT CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Supplement cash flow information	2021 2020 2019 Net change in non-cash working capital items: Deferred revenues $ - $ - $ (573 ) Accounts payable and accrued liabilities 1,240 (2,877 ) (941 ) Prepaid expenses and other assets (203 ) (157 ) 287 Amounts receivable (680 ) 1,211 2,615 Taxes payable 25 (39 ) (121 ) Amounts due to related parties 8 1 6 Taxes recoverable 1,727 440 (193 ) Other liabilities - (178 ) (100 ) Inventory (3,664 ) 4,150 3,182 $ (1,547 ) $ 2,551 $ 4,162 2020 2019 2018 Interest paid $ 92 $ 264 $ 618 Taxes paid $ 589 $ 279 $ 2,373 Equipment acquired under finance leases and equipment loans $ 1,058 $ - $ 122

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Contractual Obligations and Commitments	Total Less Than 1 Year 1-5 years More Than 5 Years Accounts payable and accrued liabilities $ 3,260 $ 3,260 $ - $ - Amounts due to related parties 163 163 - - Minimum rental and lease payments 889 96 331 462 Finance lease obligations 1,152 438 714 - Total $ 5,464 $ 3,957 $ 1,045 $ 462
Schedule of Foreign Currency Risk	December 31, 2021 December 31, 2020 MXN CDN MXN CDN Cash $ 3,576 $ 1,450 $ 36,896 $ 2,831 Long-term investments - 4,976 - 5,317 Reclamation bonds - 6 - 6 Amounts receivable - 33 - 20 Accounts payable and accrued liabilities (57,604 ) (211 ) (22,972 ) (157 ) Due to related parties - (206 ) - (196 ) Finance lease obligations (1 ) (394 ) (1,543 ) (448 ) Net exposure (54,029 ) 5,654 12,381 7,373 US dollar equivalent $ (2,363 ) $ (4,054 ) $ 620 $ 5,791
Schedule of Fair Value Assumption	Level 1 Level 2 Level 3 Financial assets Cash $ 24,765 $ - $ - Amounts receivable - 1,208 - Long-term investments 3,939 - - Total financial assets $ 28,704 $ 1,208 $ - Financial liabilities Warrant liability - - (741 ) Total financial liabilities $ - $ - $ (741 )

CAPITAL MANAGEMENT (Tables)

CAPITAL MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2021
CAPITAL MANAGEMENT (Tables)
Schedule of term facility	December 31, December 31, 2021 2020 Equity $ 78,507 $ 59,008 Term Facility - 2,513 Finance Lease Obligations 1,069 486 Equipment Loans - 72 $ 79,576 $ 62,079

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Condensed Consolidated Interim Statements of Operations	2021 2020 2019 Silver $ 3,421 $ 6,318 $ 14,030 Copper 5,566 4,662 13,953 Gold 4,344 8,517 10,326 Penalties, treatment costs and refining charges (2,103 ) (3,475 ) (6,563 ) Total revenue from mining operations $ 11,228 $ 16,022 $ 31,746
Schedule of revenues from customers	2021 2020 2019 Customer #1 $ 5,521 $ - $ - Customer #2 3,045 12,573 21,810 Customer #3 2,662 3,206 4,861 Customer #4 - (19 ) 3,350 Customer #5 - 262 1,246 Customer #6 - - 469 Customer #7 - - 10 Customer #8 - - - Total revenue from mining operations $ 11,228 $ 16,022 $ 31,746
Schedule of Geographical Information of company's non-current assets	December 31, 2021 December 31, 2020 Exploration and evaluation assets - Mexico $ 11,052 $ 10,051 Exploration and evaluation assets - Canada 1 1 Total exploration and evaluation assets $ 11,053 $ 10,052 December 31, 2021 December 31, 2020 Plant, equipment, and mining properties - Mexico $ 35,390 $ 34,475 Plant, equipment, and mining properties - Canada 285 371 Total plant, equipment, and mining properties $ 35,675 $ 34,846

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule of Income tax expense	2021 2020 2019 Current income tax expense $ 27 $ 161 $ 327 Deferred income tax expense (recovery) 412 (1,569 ) (960 ) Total income tax expense (recovery) $ 439 $ (1,408 ) $ (633 )
Schedule of deferred tax	December 31, December 31, 2021 2020 Deferred income tax assets $ 4,341 $ 4,249 Deferred income tax liabilities (6,122 ) (5,618 ) $ (1,781 ) $ (1,369 )
Schedule of reconciliation of income taxes	2021 2020 2019 Net income (loss) before income taxes $ (1,618 ) $ (8,890 ) $ (2,968 ) Net loss from discontinued operations before income taxes - (169 ) (29,126 ) Net income (loss) before income taxes $ (1,618 ) $ (9,059 ) $ (32,094 ) Combined statutory tax rate 27.00 % 27.00 % 27.00 % Income tax expense (recovery) at the Canadian statutory rate (437 ) (2,446 ) (8,665 ) Reconciling items: Effect of difference in foreign tax rates 11 (86 ) (120 ) Non-deductible/non-taxable items 675 1,467 6,449 Change in unrecognized deductible temporary differences 122 332 1,263 Impact of foreign exchange 75 (112 ) 222 Special mining duties 17 (185 ) 231 Revisions to estimates 313 (297 ) 58 Share issue costs (249 ) (73 ) (174 ) Other items (88 ) (8 ) 103 Income tax expense (recovery) recognized in the year $ 439 $ (1,408 ) $ (633 )
Schedule of Deferred income tax assets and liabilities	December 31, 2021 December 31, 2020 Reclamation provision $ 272 $ 304 Non-capital losses 3,525 3,383 Other deductible temporary differences 543 562 Inventory - (2 ) Exploration and evaluation assets (3,326 ) (3,349 ) Plant, equipment and mining properties (2,795 ) (2,267 ) Net deferred income tax liabilities $ (1,781 ) $ (1,369 )
Schedule of Unrecognized deductible temporary differences	December 31, 2021 December 31, 2020 Tax losses carried forward $ 17,968 $ 18,974 Share issue costs 1,478 1,144 Plant, equipment and mining properties 341 263 Exploration and evaluation assets 1,244 1,248 Investments (15 ) (400 ) Reclamation provision and other - - Unrecognized deductible temporary differences $ 21,016 $ 21,229

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	12 Months Ended
	Dec. 31, 2021
La Luna Silver Gold Mines Ltd [member]
Statement [Line Items]
Subsidiary	La Luna Silver & Gold Mines Ltd.
Ownership Interest	100.00%
Jurisdiction	Canada
Nature of Operations	Holding company
La Preciosa Silver Gold Mines Ltd [member]
Statement [Line Items]
Subsidiary	La Preciosa Silver & Gold Mines Ltd.
Ownership Interest	100.00%
Jurisdiction	Canada
Nature of Operations	Holding company
Compania Minera Mexicana de Avino, S.A. de C.V. Indirect (Member)
Statement [Line Items]
Subsidiary	Compañía Minera Mexicana de Avino, S.A. de C.V. (“Avino Mexico”)
Ownership Interest	1.22%
Jurisdiction	Mexico
Nature of Operations	Mining and exploration
Oniva Silver And GoldMines SADeCV [Member]
Statement [Line Items]
Subsidiary	Oniva Silver and Gold Mines S.A. de C.V
Ownership Interest	100.00%
Jurisdiction	Mexico
Nature of Operations	Mexican administration
Nueva Vizcaya Mining, S.A. de C.V. (Member)
Statement [Line Items]
Subsidiary	Nueva Vizcaya Mining, S.A. de C.V.
Ownership Interest	100.00%
Jurisdiction	Mexico
Nature of Operations	Mexican administration
Promotora Avino, S.A. de C.V. (Member)
Statement [Line Items]
Subsidiary	Promotora Avino, S.A. de C.V. (“Promotora”)
Ownership Interest	79.09%
Jurisdiction	Mexico
Nature of Operations	Holding company
Compania Minera Mexicana de Avino, S.A. de C.V. Effective (Member)
Statement [Line Items]
Subsidiary	Compañía Minera Mexicana de Avino, S.A. de C.V. (“Avino Mexico”)
Ownership Interest	99.67%
Jurisdiction	Mexico
Nature of Operations	Mining and exploration
Compania Minera Mexicana de Avino, S.A. de C.V. Direct (Member)
Statement [Line Items]
Subsidiary	Compañía Minera Mexicana de Avino, S.A. de C.V. (“Avino Mexico”)
Ownership Interest	98.45%
Jurisdiction	Mexico
Nature of Operations	Mining and exploration

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2021
Mill machinery and processing equipment [Member] | Bottom of range [member]
Statement [Line Items]
Depreciation rates and methods of plant and equipment	5
Mill machinery and processing equipment [Member] | Top of range [member]
Statement [Line Items]
Depreciation rates and methods of plant and equipment	20 years straight line
Buildings [Member] | Bottom of range [member]
Statement [Line Items]
Depreciation rates and methods of plant and equipment	5
Buildings [Member] | Top of range [member]
Statement [Line Items]
Depreciation rates and methods of plant and equipment	20 years straight line
Office equipment, furniture, and fixtures [Member]
Statement [Line Items]
Depreciation rates and methods of plant and equipment	3 years straight line balance
Computer equipment [member]
Statement [Line Items]
Depreciation rates and methods of plant and equipment	5 years straight line balance
Mine machinery and transportation equipment [Member]
Statement [Line Items]
Depreciation rates and methods of plant and equipment	5 years straight line balance

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2019
Avino Mine [Member]
Statement [Line Items]
Estimated remaining life (in years)	20 years	20 years 4 months 24 days

DISPOSITION OF DISCONTINUED O_3

DISPOSITION OF DISCONTINUED OPERATIONS - BRALORNE GOLD MINES LTD. (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement [Line Items]
Cash proceeds	$ 6,599
Net assets sold and derecognized
Plant and equipment	35,675,000	$ 34,846,000	$ 35,658,000
Discontinued operations [member]
Statement [Line Items]
Cash proceeds	6,599
Talisker shares	2,243
Talisker warrants	716
Total proceeds	9,558
Net assets sold and derecognized
Cash	1,495
Other current assets	242
Exploration and evaluation assets	45,613
Plant and equipment	1,745
Other long-term assets	19
Current portion of finance lease obligations and equipment loans	(175)
Non-current portion of finance lease obligations and equipment loans	(111)
Site restoration obligation	(10,828)
Foreign currency translation adjustments	(42)
Net assets (liabilities)	37,958
Loss on disposition before selling costs	(28,400)
Selling costs	490
Loss on disposition, net	$ (28,890)	$ 169	$ 28,890

DISPOSITION OF DISCONTINUED O_4

DISPOSITION OF DISCONTINUED OPERATIONS - BRALORNE GOLD MINES LTD. (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement [Line Items]
Cost of sales	$ 7,681,000	$ 15,832,000	$ 32,016,000
Operating expenses (income)	3,547,000	190,000	(270,000)
Net loss before income taxes	(1,618,000)	(8,890,000)	(2,968,000)	$ (8,890,000)	$ (2,968,000)
Income taxes	589,000	279,000	2,373,000
Net loss from discontinued operations and on disposal	0	(169,000)	(29,126,000)
Accretion of reclamation provision	(47,000)	(99,000)	(104,000)
Discontinued operations [member]
Statement [Line Items]
Revenue from mining operations	0	0	0
Cost of sales	0	0	0
Mine operating income (loss)	0	0	0
Operating expenses (income)	0	0	16
Gain on sale of assets	0	0	2
Other items	0	0	1
Loss on disposition	(28,890)	169	28,890
Net loss before income taxes	0	(169)	(29,126)
Income taxes	0	0	0
Net loss from discontinued operations and on disposal	0	(169)	(29,126)
Accretion of reclamation provision	$ 0	$ 0	$ 217

DISPOSITION OF DISCONTINUED O_5

DISPOSITION OF DISCONTINUED OPERATIONS - BRALORNE GOLD MINES LTD. (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flow used in operating activities	$ 0	$ 0	$ (19)
Cash flow used in financing activities	0	0	(258)
Cash flow used in investing activities	0	0	(5,583)
Net cash decrease from discontinued operations	$ 0	$ 0	$ (5,860)

DISPOSITION OF DISCONTINUED O_6

DISPOSITION OF DISCONTINUED OPERATIONS - BRALORNE GOLD MINES LTD. (Details Narrative) $ / shares in Units, $ in Millions	Dec. 13, 2019	Dec. 31, 2021CAD ($)integer$ / sharesshares	Dec. 31, 2021USD ($)integershares
Common stock par value | $ / shares		$ 0.35
Cash			$ 6,599
Disposal percentage	100.00%
Cash consideration		$ 8.7
Issuence of common share on disposal | shares		12,580,000	12,580,000
Issuance of share purchase warrant | shares		6,290,000	6,290,000
Excersisable price of warrants | $ / shares		$ 0.25
Number of trading days | integer		20	20
Future consideration			$ 2,500,000

TAXES RECOVERABLE (Details)

TAXES RECOVERABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
VAT recoverable	$ 790	$ 2,328
GST recoverable	26	16
Income taxes recoverable	2,548	2,700
Total taxes recoverable	$ 3,364	$ 5,044

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Process material stockpiles	$ 1,083,000	$ 373,000
Concentrate inventory	2,467,000	64,000
Materials and supplies	1,629,000	1,222,000
Inventories	$ 5,179,000	$ 1,659,000

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cost of sales	$ 7,681	$ 15,832	$ 32,016

LONG TERM INVESTMENTS (Details)

LONG TERM INVESTMENTS (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Statement [Line Items]
Fair Value of long term investments, Beginning Balance	$ 4,176
Net Additions and (Warrants Exercised)	109,000
Movements in foreign exchange	23,000
Fair value adjustments for the period	(369,000)
Fair Value of long term investments, Ending Balance	3,939,000
Silver Wolf Exploration Ltd. [Member] | Common Share [Member]
Statement [Line Items]
Fair Value of long term investments, Beginning Balance	0
Net Additions and (Warrants Exercised)	109,000
Movements in foreign exchange	2,000
Fair value adjustments for the period	(52,000)
Fair Value of long term investments, Ending Balance	59
Talisker Resources Ltd [Member] | Common Shares [Member]
Statement [Line Items]
Fair Value of long term investments, Beginning Balance	4,176
Net Additions and (Warrants Exercised)	0
Movements in foreign exchange	21,000
Fair value adjustments for the period	(317,000)
Fair Value of long term investments, Ending Balance	$ 3,880

LONGTERM INVESTMENTS (Details N

LONGTERM INVESTMENTS (Details Narrative) - $ / shares	Oct. 21, 2021	Mar. 26, 2021
Silver Wolf Exploration Ltd. [Member] | Warrants [Member]
Statement [Line Items]
Exercise price per share		$ 0.20
Common stock shares purchased		300,000
Silver Wolf Exploration Ltd. [Member] | Common Share [Member]
Statement [Line Items]
Exercise price per share		$ 0.20
Common stock shares purchased		131,718
Office equipment, furniture, and fixtures [Member]
Statement [Line Items]
Common Stock Exercise	300,000

EXPLORATION AND EVALUATION AS_3

EXPLORATION AND EVALUATION ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Beginning, balance	$ 10,052,000	$ 9,827,000
Drilling and exploration	1,047,000	146,000
Assessments and taxes	698,000	83,000
Effect of movements in exchange rates	3,000	(4,000)
Option income	(117,000)
Ending, balance	11,053,000	10,052
Durango, Mexico [Member]
Statement [Line Items]
Drilling and exploration	1,047,000	146,000
Assessments and taxes	68,000	83,000
Effect of movements in exchange rates	3,000	(4,000)
Option income	(117,000)
Beginning balance	10,051	9,826
Ending balance	11,052	10,051
British Columbia & Yukon, Canada [Member]
Statement [Line Items]
Drilling and exploration	0	0
Assessments and taxes	0	0
Effect of movements in exchange rates	0	0
Option income	0
Beginning balance	1	1
Ending balance	$ 1	$ 1

EXPLORATION AND EVALUATION AS_4

EXPLORATION AND EVALUATION ASSETS (Details Narrative) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)ft²integer$ / sharesshares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Dec. 31, 2012CAD ($)shares
Statement [Line Items]
Warrants acquire shares purchase | shares	100,161,357,000	83,180,069,000	69,980,178,000
Durango, Mexico [Member]
Statement [Line Items]
Exploration expenditures properties	$ 11,052	$ 10,051	$ 9,826
Number of mineral claims on lease | integer	4
Number of mineral claims owned by Avino Mexico | integer	42
Durango, Mexico [Member] | Santiago Papasquiaro property [Member]
Statement [Line Items]
Area of exploitation concessions | ft²	2,552.6
Number of exploitation concessions | integer	4
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.
Durango, Mexico [Member] | 9 Concessions [Member] | Gomez Palacio property [Member]
Statement [Line Items]
Area of exploitation concessions | ft²	2,549
Number of exploitation concessions | integer	9
Durango, Mexico [Member] | Concessions One [Member] | Santiago Papasquiaro property [Member]
Statement [Line Items]
Area of exploitation concessions | ft²	602.9
Number of exploitation concessions | integer	1
Durango, Mexico [Member] | Avino Mine Area Property [Member] | 4 Concessions [Member]
Statement [Line Items]
Area of exploitation concessions | ft²	154.4
Number of exploitation concessions | integer	4
Durango, Mexico [Member] | Avino Mine Area Property [Member] | 1 Concessions [Member]
Statement [Line Items]
Area of exploitation concessions | ft²	98.83
Number of exploitation concessions | integer	1
Durango, Mexico [Member] | Avino Mine Area Property [Member] | 24 Concessions [Member]
Statement [Line Items]
Area of exploitation concessions | ft²	1,284.7
Number of exploitation concessions | integer	24
British Columbia, Canada [Member] | Lillooet Mining Division [Member] | Minto and Olympic-Kelvin properties [Member]
Statement [Line Items]
Mineral claims property, description	The Company’s mineral claims in British Columbia encompass two additional properties, Minto and Olympic-Kelvin, each of which consists of 100% owned Crown-granted mineral claims located in the Lillooet Mining Division.
Eagle property option agreement [Member] | Yukon, Canada [Member] | Mayo Mining Division [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.
Silver Wolf Exploration Ltd. [Member]
Statement [Line Items]
Common stock shares issued value	$ 50,000
Exploration expenditures properties	$ 750,000
Terms of agreement	Under the Option Agreement, the parties intend that the first two year’s payments (C$200 in cash or shares), and first C$150 in exploration work will be firm commitments by Silver Wolf.
Silver Wolf Exploration Ltd. [Member] | Option Agreement [Member]
Statement [Line Items]
Common stock shares issued value	$ 600,000
Warrants acquire shares purchase | shares	300,000
Exercise price | $ / shares	$ 0.20
Ownership percentage	100.00%
Silver Wolf Exploration Ltd. [Member] | First Anniversary [Member]
Statement [Line Items]
Common stock shares issued value	$ 50,000
Exploration expenditures properties	50,000
Silver Wolf Exploration Ltd. [Member] | Second Anniversary [Member]
Statement [Line Items]
Common stock shares issued value	100,000
Exploration expenditures properties	100,000
Silver Wolf Exploration Ltd. [Member] | Third Anniversary [Member]
Statement [Line Items]
Common stock shares issued value	200,000
Silver Wolf Exploration Ltd. [Member] | Fourth Anniversary [Member]
Statement [Line Items]
Common stock shares issued value	200,000
Exploration expenditures properties	600,000
Silver Wolf Exploration Ltd. [Member] | Common Share [Member]
Statement [Line Items]
Common stock shares issued value	$ 50,000
Minerales de Avino, S.A. de C.V. ("Minerales") [Member]
Statement [Line Items]
Percent of smelter returns	3.50%
Exclusive right to purchase	100.00%
Payment to purchase property plant and equipment	$ 8,000,000
Briitish Comumbia Canada [Member]
Statement [Line Items]
Percent of minral claims	100.00%
Yikon Canada[Member]
Statement [Line Items]
Percent of interest in quartz lease	100.00%
Number of leases | integer	14

NONCONTROLLING INTEREST (Detail

NONCONTROLLING INTEREST (Details Narrative) - Avino Mexico [Member]	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Ownership interest, percentage	99.67%	99.67%
Non-controlling interest	0.33%	0.33%

PLANT EQUIPMENT AND MINING PR_3

PLANT EQUIPMENT AND MINING PROPERTIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
COST
Beginning balance	$ 55,760,000	$ 54,262,000
Additions/ Transfers	2,829,000	1,488,000
Effect of movements in exchange rates	10,000	10,000
Ending balance	58,599,000	55,760
ACCUMULATED DEPLETION AND DEPRECIATION, Ending balance	22,924,000	20,914	$ 18,604
ACCUMULATED DEPLETION AND DEPRECIATION, Additions / Transfers	2,010,000	2,310,000
ACCUMULATED DEPLETION AND DEPRECIATION, Effect of movements in exchange rates	0	0
NET BOOK VALUE
Plant, equipment and mining properties	35,675,000	34,846,000	35,658,000
Mill machinery and processing equipment [Member]
COST
Beginning balance	17,483,000	17,554,000
Additions/ Transfers	1,130	(71)
Effect of movements in exchange rates	0	0
Ending balance	18,613,000	17,483
ACCUMULATED DEPLETION AND DEPRECIATION, Ending balance	6,667	5,297
ACCUMULATED DEPLETION AND DEPRECIATION, Additions / Transfers	1,370,000	1,284,000
ACCUMULATED DEPLETION AND DEPRECIATION, Effect of movements in exchange rates	0	0
NET BOOK VALUE
Plant, equipment and mining properties	11,946,000	12,186,000	13,541,000
Office equipment, furniture, and fixtures [Member]
COST
Beginning balance	563,000	524,000
Additions/ Transfers	31	34
Effect of movements in exchange rates	1	5,000
Ending balance	595,000	563
ACCUMULATED DEPLETION AND DEPRECIATION, Ending balance	294	187
ACCUMULATED DEPLETION AND DEPRECIATION, Additions / Transfers	107,000	103,000
ACCUMULATED DEPLETION AND DEPRECIATION, Effect of movements in exchange rates	0	0
NET BOOK VALUE
Plant, equipment and mining properties	301,000	376,000	440,000
Mine machinery and transportation equipment [Member]
COST
Beginning balance	12,955,000	12,919,000
Additions/ Transfers	1,285	36
Effect of movements in exchange rates	0	0
Ending balance	14,240,000	12,955
ACCUMULATED DEPLETION AND DEPRECIATION, Ending balance	4,944	4,907
ACCUMULATED DEPLETION AND DEPRECIATION, Additions / Transfers	37,000	53,000
ACCUMULATED DEPLETION AND DEPRECIATION, Effect of movements in exchange rates	0	0
NET BOOK VALUE
Plant, equipment and mining properties	9,296,000	8,048,000	8,065,000
Buildings [member]
COST
Beginning balance	11,263,000	9,287,000
Additions/ Transfers	508	1,976
Effect of movements in exchange rates	7	0
Ending balance	11,778,000	11,263
ACCUMULATED DEPLETION AND DEPRECIATION, Ending balance	1,896	1,624
ACCUMULATED DEPLETION AND DEPRECIATION, Additions / Transfers	272,000	250,000
ACCUMULATED DEPLETION AND DEPRECIATION, Effect of movements in exchange rates	0	0
NET BOOK VALUE
Plant, equipment and mining properties	9,882,000	9,639,000	7,913,000
Mining Property [Member]
COST
Beginning balance	13,149,000	13,637,000
Additions/ Transfers	(113)	(493,000)
Effect of movements in exchange rates	2	5
Ending balance	13,038,000	13,149
ACCUMULATED DEPLETION AND DEPRECIATION, Ending balance	8,856	8,643
ACCUMULATED DEPLETION AND DEPRECIATION, Additions / Transfers	213,000	577,000
ACCUMULATED DEPLETION AND DEPRECIATION, Effect of movements in exchange rates	0	0
NET BOOK VALUE
Plant, equipment and mining properties	4,182,000	4,506,000	5,571,000
Computer equipment [member]
COST
Beginning balance	347,000	341,000
Additions/ Transfers	(12)	6
Effect of movements in exchange rates	0	0
Ending balance	335,000	347
ACCUMULATED DEPLETION AND DEPRECIATION, Ending balance	267	256
ACCUMULATED DEPLETION AND DEPRECIATION, Additions / Transfers	11,000	43,000
ACCUMULATED DEPLETION AND DEPRECIATION, Effect of movements in exchange rates	0	0
NET BOOK VALUE
Plant, equipment and mining properties	$ 68,000	$ 91,000	$ 128,000

PLANT EQUIPMENT AND MINING PR_4

PLANT EQUIPMENT AND MINING PROPERTIES (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
PLANT EQUIPMENT AND MINING PROPERTIES (Details)
Assets under construction	$ 6,348	$ 5,327
Minnning equipment under loans	$ 1,306	1,087
Property plant equipment, net carrying amount		$ 442

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND BALANCES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Salaries, benefits, and consulting fees	$ 1,021	$ 757	$ 723
Share-based payments	1,188	1,468	659
Total Key management personnel compensation	$ 2,209	$ 2,225	$ 1,382

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND BALANCES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Due to related parties	$ 163	$ 154
Oniva International Services Corp. [Member]
Statement [Line Items]
Due to related parties	107	106
Directors [Member]
Statement [Line Items]
Due to related parties	$ 56	$ 48

RELATED PARTY TRANSACTIONS AN_5

RELATED PARTY TRANSACTIONS AND BALANCES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement [Line Items]
Salaries and benefits	$ 1,021,000	$ 757,000	$ 723,000
Office and miscellaneous	647,000	117,000	286,000
Oniva International Services Corp. [Member]
Statement [Line Items]
Salaries and benefits	766,000	636,000	665,000
Office and miscellaneous	403,000	290,000	322,000
Exploration evaluation assets	0	0	206
Total cost	$ 1,169,000	$ 926,000	$ 1,193,000

RELATED PARTY TRANSACTIONS AN_6

RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement [Line Items]
Salaries, benefits, and consulting fees			$ 1,021,000	$ 757,000	$ 723,000
ICC [Member]
Statement [Line Items]
Salaries, benefits, and consulting fees	$ 224,000	$ 226,000	$ 239,000

TERM FACILITY (Details)

TERM FACILITY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance at beginning of the period	$ 2,513,000	$ 5,897,000
Repayments	(2,500,000)	(3,333,000)
Unwinding of fair value adjustment	(13,000)	(51,000)
Balance at end of the period	0	2,513
Less: Current portion	0	(2,513,000)
Non-current portion	$ 0	$ 0

TERM FACILITY (Details Narrativ

TERM FACILITY (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2015	Dec. 31, 2021
Statement [Line Items]
Short-term investments interest rate description	Interest is charged on the facility at a rate of US dollar LIBOR (3 month) plus 4.75%.
Interest rate charge	4.75%
New Amending Agreement [Member]
Statement [Line Items]
Short-term investments interest rate description		The Company paid the remaining balance in monthly instalments of $278 ending September 2021.
Repayment of monthly instalments		$ 278
Percent of common shares of wholly-owned subsidiary		33.00%

WARRANT LIABILITY (Details)

WARRANT LIABILITY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Balance at beginninf of the year	$ 278,000
Balance at end of the year	680,000	$ 278,000
Warrants [Member]
Statement [Line Items]
Balance at beginninf of the year	2,295	1,579,000
Fair value adjustment	(1,581,000)	650,000
Effect of movement in exchange rates	27,000	66,000
Balance at end of the year	$ 741	$ 2,295

WARRANT LIABILITY (Details 1)

WARRANT LIABILITY (Details 1) - Warrants [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Outstanding and exercisable underlying shares, Beginning	2,980,774	7,639,968
Warrants Issued, underlying shares	(1,030,362)	(4,195,072)
Warrants Expired, underlying shares		(464,122)
Outstanding and exercisable underlying shares, Ending	1,950,412	2,980,774
Outstanding and exercisable Weighted Average Exercise Price, Beginning	$ 0.80	$ 0.79
Warrants Issued, Weighted Average Exercised	0.80	0.80
Warrants Expired, Weighted Average Exercise Price		0.85
Outstanding and exercisable Weighted Average Exercise Price, Ending	$ 0.80	$ 0.80

WARRANT LIABILITY (Details 2)

WARRANT LIABILITY (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Statement [Line Items]
Warrants Outstanding and Exercisable	1,950,412	1,950,412	2,980,774
September 25, 2023 [Member]
Statement [Line Items]
Warrants Outstanding and Exercisable	1,950,412		2,980,774
Expiry Date	Sep. 25, 2023
Exercise Price	$ 0.80

WARRANT LIABILITY (Details 3)

WARRANT LIABILITY (Details 3) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Weighted average assumptions:
Risk-free interest rate	0.91%	0.20%
Expected dividend yield	0.00%	0.00%
Expected option life (years)	1 year 8 months 23 days	2 years 8 months 23 days
Expected stock price volatility	83.13%	73.93%
Weighted average fair value	$ 0.38	$ 0.77

WARRANT LIABILITY (Details Narr

WARRANT LIABILITY (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Weighted average remaining contractual life (years)	1 year 8 months 23 days	2 years 8 months 23 days
Realized loss on the exercise of warrants	$ 1,106
Warrants Exercised	1,030,362
Issuance of common shares	1,030,362

RECLAMATION PROVISION (Details)

RECLAMATION PROVISION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance at beginning of the year	$ 808	$ 1,524
Changes in estimates	(105)	(737)
Unwinding of discount related to continuing operations	47	99
Effect of movements in exchange rates	(24)	(78)
Balance at end of the year	$ 726	$ 808

RECLAMATION PROVISION (Details

RECLAMATION PROVISION (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Management's estimate one [Member]
Statement [Line Items]
Risk free interest rate	7.78%	5.96%
Inflation rate		3.15%	7.36%
Management's Estimate [Member]
Statement [Line Items]
Reclamation provision		$ 808,000	$ 726,000
Reclamation provision undiscounted value		$ 1,275,000	$ 1,275,000

SHARE CAPITAL AND SHAREBASED _3

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Outstanding and exercisable underlying shares, Beginning	2,980,774
Stock options [Member]
Statement [Line Items]
Outstanding and exercisable underlying shares, Beginning	3,483,000	2,638,500
Granted		1,700,000
Exercised	(264,000)	(48,000)
Expired	(360,000)
Cancelled / Forfeited	(20,000)	(807,500)
Stock options outstanding, Ending	2,839,000	3,483,000
Stock options exercisable	2,839,000
Outstanding and exercisable Weighted Average Exercise Price, Beginning	$ 1.77	$ 1.82
Weighted Average Exercise Price, Granted		1.64
Weighted Average Exercise Price, Exercised	1.16	0.79
Weighted Average Exercise Price, Expired	2.95
Weighted Average Exercise Price, Cancelled / Forfeited	1.64	1.70
Stock options outstanding	1.68	$ 1.77
Weighted Average Exercise Price, Stock options exercisable	$ 1.68
Stock options [Member] | August 28, 2023 [Member]
Statement [Line Items]
Stock options exercisable	105,000
Stock options [Member] | August 4, 2025 [Member]
Statement [Line Items]
Stock options exercisable	1,680,000
Stock options [Member] | September 20, 2022 [Member]
Statement [Line Items]
Stock options exercisable	880,000
Stock options [Member] | August 21, 2024 [Member]
Statement [Line Items]
Stock options exercisable	174,000

SHARE CAPITAL AND SHAREBASED _4

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 1)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Stock options [Member]
Statement [Line Items]
Stock options exercisable	2,839,000
Stock Options Outstanding	2,839,000
Weighted Average Remaining Contractual Life (Years), stock options exercisable	2 years 6 months 25 days
Weighted Average Remaining Contractual Life (Years), stock options outstanding	2 years 6 months 25 days
Restricted Share Unit [Member]
Statement [Line Items]
Stock Options Outstanding	1,439,477
September 20, 2022 [Member] | Stock options [Member]
Statement [Line Items]
Expiry Date	Sep. 20, 2022
Stock options exercisable	880,000
Exercise Price | $ / shares	$ 1.98
Stock Options Outstanding	880,000
Weighted Average Remaining Contractual Life (Years), stock options exercisable	8 months 19 days
Weighted Average Remaining Contractual Life (Years), stock options outstanding	8 months 19 days
August 28, 2023 [Member] | Stock options [Member]
Statement [Line Items]
Expiry Date	Aug. 28, 2023
Stock options exercisable	105,000
Exercise Price | $ / shares	$ 1.30
Stock Options Outstanding	105,000
Weighted Average Remaining Contractual Life (Years), stock options exercisable	1 year 7 months 28 days
Weighted Average Remaining Contractual Life (Years), stock options outstanding	1 year 7 months 28 days
August 21, 2024 [Member] | Stock options [Member]
Statement [Line Items]
Expiry Date	Aug. 21, 2024
Stock options exercisable	174,000
Exercise Price | $ / shares	$ 0.79
Stock Options Outstanding	174,000
Weighted Average Remaining Contractual Life (Years), stock options exercisable	2 years 7 months 20 days
Weighted Average Remaining Contractual Life (Years), stock options outstanding	2 years 7 months 20 days
August 4, 2025 [Member] | Stock options [Member]
Statement [Line Items]
Expiry Date	Aug. 4, 2025
Stock options exercisable	1,680,000
Exercise Price | $ / shares	$ 1.64
Stock Options Outstanding	1,680,000
Weighted Average Remaining Contractual Life (Years), stock options exercisable	3 years 7 months 2 days
Weighted Average Remaining Contractual Life (Years), stock options outstanding	3 years 7 months 2 days

SHARE CAPITAL AND SHAREBASED _5

SHARE CAPITAL AND SHAREBASED PAYMENTS (Detail 2) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Outstanding and exercisable underlying shares, Beginning	2,980,774
Restricted Share Unit [Member]
Statement [Line Items]
Outstanding and exercisable underlying shares, Beginning	2,874,000	2,372,875
Outstanding and exercisable Weighted Average Exercise Price, Beginning	$ 1.28	$ 0.94
Weighted Average Exercise Price, Granted		1.64
Weighted Average Exercise Price, Exercised	1.22	0.99
Weighted Average Exercise Price, Cancelled / Forfeited	$ 1.54	$ 1
Stock options outstanding, Ending	1,439,477	2,874,000
Stock options outstanding	$ 1.32	$ 1.28
Granted		1,481,000
Exercised	(1,330,167)	(863,901)
Cancelled / Forfeited	(104,356)	(115,974)

SHARE CAPITAL AND SHAREBASED _6

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 3)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Restricted Share Unit [Member]
Statement [Line Items]
Stock Options Outstanding	1,439,477
Stock options [Member]
Statement [Line Items]
Stock Options Outstanding	2,839,000
Stock Options Outstanding	1,439,477
August 21, 2019 [Member] | Restricted Share Unit [Member]
Statement [Line Items]
Exercise Price | $ / shares	$ 0.79
Stock Options Outstanding	539,733
Issuance Date	Aug. 21, 2019
August 4, 2020 [Member] | Restricted Share Unit [Member]
Statement [Line Items]
Exercise Price | $ / shares	$ 1.64
Stock Options Outstanding	899,744
Issuance Date	Aug. 4, 2020

SHARE CAPITAL AND SHAREBASED _7

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 4) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement [Line Items]
Net loss from continuing operations for the period	$ (1,618,000)	$ (8,890,000)	$ (2,968,000)	$ (8,890,000)	$ (2,968,000)
Earning loss Per Share [Member]
Statement [Line Items]
Net loss from continuing operations for the period	(2,057,000)	(7,482,000)	(2,335,000)
Net loss for the period	$ (2,057,000)	$ (7,651,000)	$ (31,461,000)
Basic weighted average number of shares outstanding	100,161,357	83,180,069	69,980,178
Effect of dilutive share options, warrants, and RSUs ('000)	0	0	0
Diluted weighted average number of shares outstanding	100,161,357	83,180,069	69,980,178
Basic loss from continuing operations per share	$ (0.02)	$ (0.09)	$ (0.03)
Diluted loss from continuing operations per share	(0.02)	(0.09)	(0.03)
Basic loss per share	(0.02)	(0.09)	(0.45)
Diluted loss per share	$ (0.02)	$ (0.09)	$ (0.45)

SHARE CAPITAL AND SHAREBASED _8

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement [Line Items]
Gross proceeds on cash commission		$ 523,000	$ 148,000
Net proceeds		18,497,000	4,792,000
Fair value of the RSUs vested, share-based payments		1,107,000	1,080,000
Fair value of stock options granted, share-based payments	$ 361,000	$ 362,000	$ 777,000
Common shares issued		1,030,362,000
Restricted Share Units		0	1,481,000,000
weighted average fair value per share			$ 1.64
Share-based payments		$ 1,469,000	$ 1,857,000	$ 937,000
Cantor Fitzgerald Canada Corporate [Member]
Statement [Line Items]
Common shares issued for services			675,145,000
Share Capital Three [Member]
Statement [Line Items]
Share capital, amount		1,278,000	$ 650,000
Share Capital And Share-Based Payment [Member]
Statement [Line Items]
Capitalized to exploration and evaluation assets			0
Equity Reserves
Statement [Line Items]
Gross proceeds on cash commission		$ 824,000	$ 3,356,000
Common shares issued		1,030,362,000	4,195,072,000
Exercise of warrants		1,030,362,000	4,195,072,000
Share-based payments		$ 1,911,000	$ 6,112,000
Cash commission, percent		2.75%	3.00%
Realized loss on exercise of warrants		$ 1,106,000	$ 2,733,000
Common stock, shares issued during period upon exercise of RSUs, shares		1,330,167,000
Common stock upon exercise of RSUs, value		$ 1,278,000
Market offering under prospectus supplements, shares		10,050,000,000	6,730,054,000
Market offering under prospectus supplements, amount		$ 19,020,000	$ 4,940,000
Additional share issuance cost		400,000	106,000
Proceeds from excercise of warrants		824,000
Foreign exchange amount		(19,000)	69,000
Treasury shares
Statement [Line Items]
Gross proceeds on cash commission		$ 237,000	$ 300,000
Common shares issued		264,000,000	464,122,000
Exercise of warrants		264,000,000	464,122,000
Share-based payments		$ 364,000	$ 416,000
Realized loss on exercise of warrants		127,000	116,000
Capitalized to exploration and evaluation assets			0
Share capital
Statement [Line Items]
Gross proceeds on cash commission		$ 237,000	$ 28,000
Common shares issued		264,000,000	48,000,000
Exercise of warrants		264,000,000	48,000,000
Share-based payments		$ 364,000	$ 43,000
Fair value upon issuance of warrants		$ 127,000	$ 15,000

REVENUE AND COST OF SALES (Deta

REVENUE AND COST OF SALES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Concentrate sales	$ 11,208,000	$ 15,304,000	$ 31,417,000
Provisional pricing adjustments	20,000	718,000	329,000
Total Revenue	$ 11,228,000	$ 16,022,000	$ 31,746,000

REVENUE AND COST OF SALES (De_2

REVENUE AND COST OF SALES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Production costs	$ 4,905,000	$ 11,443,000	$ 27,949,000
Stand-by costs	800,000	2,394,000	0
Inventory net realizable adjustment	0	0	387
Depreciation and depletion	1,976,000	1,995,000	3,680,000
Cost of sales	$ 7,681,000	$ 15,832,000	$ 32,016,000

GENERAL AND ADMINISTRATIVE EX_3

GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Salaries and benefits	$ 1,277,000	$ 1,361,000	$ 1,347,000
Office and miscellaneous	647,000	117,000	286,000
Management and consulting fees	451,000	406,000	461,000
Professional fees	402,000	380,000	470,000
Investor relations	227,000	166,000	171,000
Directors fees	182,000	171,000	162,000
Regulatory and compliance fees	170,000	139,000	143,000
Depreciation	140,000	116,000	43,000
Travel and promotion	70,000	46,000	110,000
General and administrative expenses	$ 3,566,000	$ 2,902,000	$ 3,193,000

COMMITMENTS (Details)

COMMITMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Minimum rental and lease payments	$ 888	$ 37
Later Than One Year And Not Later Than Five Years [Member]
Statement [Line Items]
Minimum rental and lease payments	330	14
Later Than Five Years [Member]
Statement [Line Items]
Minimum rental and lease payments	462	3
Not later than one year [Member]
Statement [Line Items]
Minimum rental and lease payments	$ 96	$ 20

COMMITMENTS (Details Narrative)

COMMITMENTS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Office lease payments recognized as expense	$ 16	$ 40

SUPPLEMENTARY CASH FLOW INFORMA

SUPPLEMENTARY CASH FLOW INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net change in non-cash working capital items:
Deferred revenues	$ 0	$ 0	$ (573)
Accounts payable and accrued liabilities	1,240,000	(2,877,000)	(941,000)
Inventory	(203,000)	(157,000)	287,000
Prepaid expenses and other assets	(680,000)	1,211,000	2,615,000
Amounts receivable	25,000	(39,000)	(121,000)
Taxes payable	8,000	1,000	6,000
Amounts due to related parties	1,727,000	440,000	(193,000)
Taxes recoverable	0	(178,000)	(100,000)
Other liabilities	(3,664,000)	4,150,000	3,182,000
Net change in non-cash working capital	$ (1,547,000)	$ 2,551,000	$ 4,162,000

SUPPLEMENTARY CASH FLOW INFOR_2

SUPPLEMENTARY CASH FLOW INFORMATION (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest paid	$ 92,000	$ 264,000	$ 618,000
Taxes paid	589,000	279,000	2,373,000
Equipment acquired under finance leases and equipment loans	$ 1,058,000	$ 0	$ 122,000

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Accounts payable and accrued liabilities	$ 3,260,000	$ 2,068,000
Amounts due to related parties	163,000	154,000
Total	1,069,000	$ 486,000
More Than 5 Years [Member]
Statement [Line Items]
Accounts payable and accrued liabilities	0
Amounts due to related parties	0
Minimum rental and lease payments	462,000
Finance lease obligations	0
Total	462,000
Later Than One Year And Not Later Than Five Years [Member]
Statement [Line Items]
Accounts payable and accrued liabilities	0
Amounts due to related parties	0
Minimum rental and lease payments	331,000
Finance lease obligations	714,000
Total	1,045,000
Financial Instruments [Member]
Statement [Line Items]
Accounts payable and accrued liabilities	3,260,000
Amounts due to related parties	163,000
Minimum rental and lease payments	889,000
Finance lease obligations	1,152,000
Total	5,464,000
Less Than One Year [Member]
Statement [Line Items]
Accounts payable and accrued liabilities	3,260,000
Amounts due to related parties	163,000
Minimum rental and lease payments	96,000
Finance lease obligations	438,000
Total	$ 3,957,000

FINANCIAL INSTRUMENTS (Details

FINANCIAL INSTRUMENTS (Details 1) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement [Line Items]
Cash	$ 24,765,000	$ 11,713,000	$ 9,625,000	$ 3,252,000
Long-term investments	3,939,000	4,176,000
Amounts receivable	1,208,000	529,000
Accounts payable and accrued liabilities	3,260,000	2,068,000
Due to related parties	163,000	154,000
MXN [Member]
Statement [Line Items]
Cash	3,576,000	36,896,000
Long-term investments	0	0
Reclamation bonds	0	0
Amounts receivable	0	0
Accounts payable and accrued liabilities	(57,604,000)	(22,972,000)
Due to related parties	0	0
Finance lease obligations	(1,000)	(1,543,000)
Net exposure	(54,029,000)	12,381,000
US dollar equivalent	(2,363,000)	620,000
CDN [Member]
Statement [Line Items]
Cash	1,450,000	2,831,000
Long-term investments	4,976,000	5,317,000
Reclamation bonds	6,000	6,000
Amounts receivable	33,000	20,000
Accounts payable and accrued liabilities	(211,000)	(157,000)
Due to related parties	(206,000)	(196,000)
Finance lease obligations	(394,000)	(448,000)
Net exposure	5,654,000	7,373,000
US dollar equivalent	$ (4,054,000)	$ 5,791,000

FINANCIAL INSTRUMENTS (Detail_2

FINANCIAL INSTRUMENTS (Details 2) - USD ($)	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement [Line Items]
Cash	$ 24,765,000		$ 11,713,000	$ 9,625,000	$ 3,252,000
Amounts receivable	1,208,000		529,000
Long-term investments	3,939,000		4,176,000
Warrant liability	$ 680,000		$ 278,000
Level 1 of fair value hierarchy [member]
Statement [Line Items]
Cash		$ 24,765,000
Amounts receivable		0
Long-term investments		3,939,000
Total financial assets		28,704,000
Warrant liability		0
Total financial liabilities		0
Level 2 of fair value hierarchy [Member]
Statement [Line Items]
Cash		0
Amounts receivable		1,208,000
Long-term investments		0
Total financial assets		1,208,000
Warrant liability		0
Total financial liabilities		0
Level 3 of fair value hierarchy [Member]
Statement [Line Items]
Cash		0
Amounts receivable		0
Long-term investments		40,000
Total financial assets		40,000
Warrant liability		(741,000)
Total financial liabilities		$ (741,000)

FINANCIAL INSTRUMENTS (Detail_3

FINANCIAL INSTRUMENTS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021	Dec. 31, 2019	Dec. 31, 2018
Statement [Line Items]
Cash	$ 24,765,000	$ 11,713,000		$ 9,625,000	$ 3,252,000
Liquidity Risk [Member]
Statement [Line Items]
Cash			$ 24,765,000
Working capital			$ (31,635,000)
Price Risk [Member]
Statement [Line Items]
Asset and liability exposure, description	10% change in metals prices would have an impact on net earnings (loss) of $26 (December 31, 2020 - $2).
Impact on net earning (loss)	$ 4,000	2,000
Price Risk [Member] | Long-term investments [Member]
Statement [Line Items]
Asset and liability exposure, description	10% change in market prices would have an impact on net earnings (loss) of approximately $330 (December 31, 2020 - $418).
Price Risk [Member] | Long-term investments One [Member]
Statement [Line Items]
Asset and liability exposure, description	a 10% change in metals prices would have an impact on net earnings (loss) of $26 (December 31, 2020 - $2).
Impact on net earning (loss)	$ 330,000	418,000
Foreign Currency Risk [Member]
Statement [Line Items]
Asset and liability exposure, description	10% fluctuation in the US/Mexican and Canadian/US exchange rates would impact the Company’s earnings for the year ended December 31, 2021
Impact on net earning (loss)	$ 143,000	$ 589,000

CAPITAL MANAGEMENT (Details)

CAPITAL MANAGEMENT (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity	$ 78,507,000	$ 59,008,000	$ 53,923,000	$ 75,168,000
Term Facility	0	2,513,000
Finance Lease Obligations	1,069,000	486,000
Equipment Loans	0	72,000
Total capital	$ 79,576,000	$ 62,079,000

SEGMENTED INFORMATION (Details)

SEGMENTED INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Silver	$ 3,421	$ 6,318	$ 14,030
Copper	5,566	4,662	13,953
Gold	4,344	8,517	10,326
Penalties, treatment costs and refining charges	(2,103)	(3,475)	(6,563)
Total revenue from mining operations	$ 11,228	$ 16,022	$ 31,746

SEGMENTED INFORMATION (Details

SEGMENTED INFORMATION (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Customer 1	$ 5,521,000	$ 0	$ 0
Customer 2	3,045,000	12,573,000	21,810,000
Customer 3	2,662,000	3,206,000	4,861,000
Customer 4	0	(19,000)	3,350,000
Customer 5	0	262,000	1,246,000
Customer 6	0	0	469,000
Customer 7	0	0	10
Customer 8	0	0	0
Total revenue from mining operations	$ 11,228,000	$ 16,022,000	$ 31,746,000

SEGMENTED INFORMATION (Detail_2

SEGMENTED INFORMATION (Details 2) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
SEGMENTED INFORMATION (Details 2)
Exploration and evaluation assets - Mexico	$ 11,052,000	$ 10,051,000
Exploration and evaluation assets - Canada	1,000	1,000
Total exploration and evaluation assets	$ 11,053	$ 10,052

SEGMENTED INFORMATION (Detail_3

SEGMENTED INFORMATION (Details 3) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Plant, equipment and mining properties - Mexico	$ 35,390	$ 34,475
Plant, equipment and mining properties - Canada	285	371
Total plant, equipment and mining properties	$ 35,675	$ 34,846

SEGMENTED INFORMATION (Detail_4

SEGMENTED INFORMATION (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Total revenue from mining operations	$ 11,228	$ 16,022	$ 3,746

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES (Details)
Current income tax expense	$ 27	$ 161	$ 327
Deferred income tax recovery	412	(1,569)	(960)
Total income tax expense (recovery)	$ 439	$ (1,408)	$ (633)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
INCOME TAXES (Details 1)
Net loss from continuing operations for the period	$ (1,618,000)	$ (8,890,000)	$ (2,968,000)	$ (8,890,000)	$ (2,968,000)
Net loss from discontinued operations before income taxes	0			(169,000)	(29,126,000)
Net income (loss) before income taxes	$ (1,618,000)			$ (9,059,000)	$ (32,094,000)
Combined statutory tax rate	27.00%			27.00%	27.00%
Income tax expense (recovery) at the Canadian statutory rate	$ (437,000)			$ (2,446,000)	$ (8,665,000)
Reconciling items:
Effect of difference in foreign tax rates	11,000			(86,000)	(120,000)
Non-deductible/non-taxable items	675,000			1,467,000	6,449,000
Change in unrecognized deductible temporary differences	122,000			332,000	1,263,000
Impact of foreign exchange	75,000			(112,000)	222,000
Special mining duties	17,000			(185,000)	231,000
Revisions to estimates	313,000			(297,000)	58,000
Share issue costs	(249,000)			(73,000)	(174)
Other items	(88,000)			(8,000)	103,000
Income tax expense recognized in the year	$ 439,000			$ (1,408,000)	$ (633,000)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
INCOME TAXES (Details 2)
Deferred income tax assets	$ 4,341	$ 4,249
Deferred income tax liabilities	(6,122)	(5,618)
Total deferred income tax assets and liabilities	$ (1,781)	$ (1,369)

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement [Line Items]
Inventory	$ 5,179,000	$ 1,659,000
Plant, equipment and mining properties	35,675,000	34,846,000	$ 35,658,000
Net deferred income tax liabilities	(1,781,000)	(1,369,000)
Deferred income tax assets and liabilities [Member]
Statement [Line Items]
Reclamation provision	272,000	304,000
Non-capital losses	3,525,000	3,383,000
Other deductible temporary differences	543,000	562,000
Inventory	0	(2,000)
Capitalized to exploration and evaluation assets	(3,326,000)	(3,349,000)
Plant, equipment and mining properties	(2,795,000)	(2,267,000)
Net deferred income tax liabilities	$ (1,781,000)	$ (1,369,000)

INCOME TAXES (Details 4)

INCOME TAXES (Details 4) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement [Line Items]
Plant, equipment and mining properties	$ 35,675,000	$ 34,846,000	$ 35,658,000
Unrecognized deductible temporary differences [Member]
Statement [Line Items]
Tax losses carried forward	17,968,000	18,974,000
Share issue costs	1,478,000	1,144,000
Plant, equipment and mining properties	341,000	263,000
Capitalized to exploration and evaluation assets	1,244,000	1,248,000
Investments	(15,000)	(400,000)
Reclamation provision	0	0
Unrecognized deductible temporary differences	$ 21,016,000	$ 21,229,000

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Non-cash expense		$ 164	$ 235
Income tax rate	27.00%
Capital losses carried forward	$ 10,361
Non-capital tax losses carried forward	$ 7,607
Non-capital losses expiry date range	2027 to 2041

PENDING TRANSACTION (Details Na

PENDING TRANSACTION (Details Narrative) $ in Thousands	1 Months Ended
	Oct. 27, 2021USD ($)
PENDING TRANSACTION (Details Narrative)
Ownership percentage	1.25%
Percentage of gross value royalty	2.00%
Percentage of holding shares	10.00%
Consideration amount	$ 20,000
Additionally units issue amount	14,000
Consideration payable	15,000
Consideration payable before the first anniversary	5,000
Contingent cash consideration	$ 8,750