Avino Silver & Gold Mines (ASM) 6-K 28 Mar 23 2022 FY Consolidated Financial Statements Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2022
Cover [Abstract]
Entity Registrant Name	AVINO SILVER & GOLD MINES LTD.
Entity Central Index Key	0000316888
Document Type	6-K
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Entity Address Address Line 1	Suite 900
Entity Address Address Line 2	570 Granville Street
Entity Address City Or Town	Vancouver
Entity Address State Or Province	BC
Entity Address Postal Zip Code	V6C 3P1
Entity File Number	001-35254

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash	$ 11,245	$ 24,765
Amounts receivable	2,672	1,208
Taxes recoverable	3,737	3,364
Prepaid expenses and other assets	1,671	962
Inventory	6,260	5,179
Total current assets	25,585	35,478
Exploration and evaluation assets	49,804	11,053
Plant, equipment and mining properties	44,056	35,675
Long-term investments	1,746	3,939
Other assets	5	133
Total assets	121,196	86,278
Current liabilities
Accounts payable and accrued liabilities	9,469	3,260
Amounts due to related parties	28	163
Taxes payable	895	31
Note payable	4,926	0
Current portion of warrant liability	475	0
Current portion of finance lease obligations	971	389
Total current liabilities	16,764	3,843
Finance lease obligations	745	680
Warrant liability	0	741
Reclamation provision	445	726
Deferred income tax liabilities	5,221	1,781
Total liabilities	23,175	7,771
EQUITY
Share capital	145,515	129,953
Equity reserves	9,852	9,573
Treasury shares (14,180 shares, at cost)	(97)	(97)
Accumulated other comprehensive loss	(5,223)	(4,969)
Accumulated deficit	(52,026)	(55,953)
Total equity	98,021	78,507
Total liabilities and equity	$ 121,196	$ 86,278

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parenthetical) - shares	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statements of Financial Position
Treasury Shares	14,180	14,180

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Condensed Consolidated Interim Statements of Operations and Comprehensive Income (Loss)
Revenue from mining operations	$ 44,187	$ 11,228
Cost of sales	29,125	7,681
Mine operating income	15,062	3,547
Operating expenses
General and administrative expenses	5,156	3,566
Share-based payments	2,024	1,469
Income (loss) before other items	7,882	(1,488)
Interest and other income	20	178
Unrealized loss on long-term investments	(2,103)	(423)
Fair value adjustment on warrant liability	2,395	1,581
Realized loss on warrants exercised	0	(1,106)
Foreign exchange loss	(17)	(61)
Project evaluation expenses	(81)	(176)
Finance cost	(273)	(52)
Accretion of reclamation provision	(44)	(47)
Interest expense	(99)	(24)
Income (loss) from continuing operations before income taxes	7,680	(1,618)
Current income tax expense	(1,144)	(27)
Deferred income tax expense	(3,440)	(412)
Income tax expense	(4,584)	(439)
Net income (loss)	3,096	(2,057)
Other comprehensive income (loss)
Currency translation differences	(254)	(159)
Total comprehensive income (loss)	$ 2,842	$ (2,216)
Basic	$ 0.03	$ (0.02)
Diluted	$ 0.03	$ (0.02)
Weighted average number of common shares outstanding
Basic	114,372,371	100,161,357
Diluted	117,615,898	100,161,357

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Changes in Equity (unaudited) - USD ($) $ in Thousands	Total	Equity Reserves	Number of Common Shares	Accumulated other comprehensive loss	Retained Earnings (Accumulated Deficit)	Treasury Share Member
Balance, shares at Dec. 31, 2020			89,568,682,000
Balance, amount at Dec. 31, 2020	$ 59,008	$ 9,951	$ 108,303	$ (4,810)	$ (54,339)	$ (97)
Statement [Line Items]
At the market issuances, share			10,050,000
At the market issuances, amount	18,497	0	$ 18,497	0	0	0
Exercise of warrants, share			1,030,362
Exercise of warrants, amount	1,911	0	$ 1,911	0	0	0
Exercise of options, share			264,000
Exercise of options, amount	238	(126)	$ 364	0	0	0
Issuance costs	(400)	0	(400)	0	0	0
Options cancelled or expired	0	(443)	$ 0	0	443	0
Carrying value of RSUs exercised, share			1,330,167
Carrying value of RSUs exercised, amount	0	(1,278)	$ 1,278	0	0	0
Share-based payments	1,469	(1,469)	0	0	0	0
Net loss for the year	(2,057)	0	0	0	(2,057)	0
Currency translation differences	(159)	0	0	(159)	0	0
Balance, amount at Dec. 31, 2021	78,507	9,573	$ 129,953	(4,969)	(55,953)	(97)
Balance, share at Dec. 31, 2021			102,243,211
Statement [Line Items]
Exercise of options, amount	31	(15)	$ 46	0	0	0
Issuance costs	(13)	0	(13)	0	0	0
Options cancelled or expired	0	(831)	0	0	831	0
Carrying value of RSUs exercised, amount	0	(899)	899	0	0	0
Share-based payments	2,024	2,024	0	0	0	0
Net loss for the year	3,096	0	0	0	3,096	0
Currency translation differences	(254)	0	$ 0	(254)	0	0
Exercise of options, share			48,000
Carrying value of RSUs exercised, share			982,879
Shares issued - acquisition of Properties, share			15,075,000
Shares issued - acquisition of Properties, amount	14,630	0	$ 14,630	0	0	0
Balance, amount at Dec. 31, 2022	$ 98,021	$ 9,852	$ 145,515	$ (5,223)	$ (52,026)	$ (97)
Balance, share at Dec. 31, 2022			118,349,090

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net income (loss)	$ 3,096	$ (2,057)
Adjustments for non-cash items:
Deferred income tax expense	3,440	412
Depreciation and depletion	2,186	2,116
Write down of equipment	330	0
Accretion of reclamation provision	44	47
Unrealized loss on investments	2,103	423
Unrealized foreign exchange gain	(303)	(265)
Unwinding of fair value adjustment on term facility	262	(13)
Fair value adjustment on warrant liability	(2,395)	(1,581)
Realized loss on warrants exercised	0	1,106
Share-based payments	2,024	1,469
Cash provided by operating activities before working capital items	10,787	1,657
Net change in non-cash working capital items	1,044	(1,548)
Cash provided by operating activities	11,831	109
Financing activities
Shares and units issued for cash, net of issuance costs	0	18,098
Proceeds from option exercise	30	238
Proceeds from warrant exercise	0	805
Term facility payments	0	(2,500)
Finance lease payments	(1,179)	(477)
Equipment loan payments	0	(72)
Cash provided by (used in) financing activities	(1,149)	16,092
Investing activities
Exploration and evaluation expenditures	(1,131)	(1,294)
Additions to plant, equipment and mining properties	(7,836)	(1,913)
Acquisition of La Preciosa	(15,134)	0
Cash used in investing activities	(24,101)	(3,207)
Change in cash	(13,419)	12,994
Effect of exchange rate changes on cash	(101)	58
Cash, Beginning	24,765	11,713
Cash, Ending	$ 11,245	$ 24,765

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2022
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 holds 100% interest in Proyectos Mineros La Preciosa S.A. de C.V . (“La Preciosa”), a Mexican corporation which owns the La Preciosa Property. The Company also owns interests in mineral properties located in British Columbia and Yukon, Canada. 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, 2022
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 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) 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 at or 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) 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 There is significant judgment involved in assessing whether any indications of impairment exist for plant, equipment and mineral properties, with consideration given to both external and internal sources of information. Information the Company considers include changes in the technological market, economic and legal environment in which the Company operates that are not within its control that affect the recoverable amount of mineral properties. Internal sources of information include the manner in which mineral property, plant and equipment are being used or are expected to be used and indications of the economic performance of the assets. Changes in metal price forecasts, changes in discount rates, increases or decreases in estimated future costs of production, increases or decreases in estimated future capital costs, reductions or increases in the amount of recoverable mineral resources and/or adverse or favorable current economics can result in a write-down or write-up of the carrying amounts of the Company’s mining interests. 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, 2022 and 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 Proyectos Mineros La Preciosa S.A. de C.V. 100% Mexico Mining and exploration Cervantes LLP 100% U.S. Holding company Intercompany balances and transactions, including unrealized income and expenses arising from intercompany transactions, are eliminated in preparing the audited consolidated financial statements.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
SIGNIFICANT ACCOUNTING POLICIES	3. 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. (ii) Development expenditures 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. Such estimation is a subjective process and the accuracy of any mineral resource estimate is a function of the quantity and quality of available data and of the assumptions made and judgments used in engineering and geological interpretation. Differences between management’s assumptions including economic assumptions such as metal prices, discount rate and market conditions could have a material effect in the future on the Company’s financial position, results of operation and cash flows 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, 2022 and 2021, the Company estimated a remaining mine life for the Avino Mine of 20 and 20 years, respectively. Upon the acquisition of an asset or a group of assets and liabilities that does not constitute a business, the Company identifies and recognizes the individual identifiable assets acquired and liabilities assumed. The cost of the group is allocated to the individual identifiable assets and liabilities on the basis of their relative fair values at the date of purchase. Such a transaction or event does not give rise to goodwill. Transaction costs related to the acquisition is capitalized as part of cost of assets acquired. 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 5 years straight line balance Computer equipment 3 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 The Company assesses whether a contract is, or contains, a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets (such as tablets and personal computers, small items of office furniture and telephones). For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. The incremental borrowing rate depends on the term, currency and start date of the lease and is determined based on a series of inputs including: the risk-free rate based on government bond rates; a country-specific risk adjustment; a credit risk adjustment based on bond yields; and an entity-specific adjustment when the risk profile of the entity that enters into the lease is different to that of the Company and the lease does not benefit from a guarantee from the Company. Lease payments included in the measurement of the lease liability comprise: · Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable · Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date · The amount expected to be payable by the lessee under residual value guarantees · The exercise price of purchase options, if the lessee is reasonably certain to exercise the options · Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease The lease liability is presented as a separate line in the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: · The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate · The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used) · A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the right-of-use asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The Company applies IAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in the ‘Plant, Equipment and Mining Properties’ policy. 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 the estimated costs of completion and the estimated costs necessary to make the sale. 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, 2022
Recent Accounting Pronouncements	4. RECENT ACCOUNTING PRONOUNCEMENTS Application of new and revised accounting standards: 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. This amendment will impact the Company’s accounting for proceeds from mineral sales prior to reaching commercial production at levels intended by management. The Company adopted the amendments to IAS 16 with no material impact on the financial statements. Future Changes in Accounting Policies Not Yet Effective as at December 31, 2022: Certain new accounting standards and interpretations have been published that are not mandatory for the current period and have not been early adopted. These standards are not expected to have a material impact on the Company in the current or future reporting periods.

ACQUISITION OF LA PRECIOSA

ACQUISITION OF LA PRECIOSA	12 Months Ended
	Dec. 31, 2022
Acquisition Of La Preciosa	5. ACQUISITION OF LA PRECIOSA On March 21, 2022, the Company closed the acquisition with Coeur Mining Inc. (“Coeur”) of all of the issued and outstanding shares of Proyectos Mineros La Preciosa S.A de C.V, a Mexican corporation, and Cervantes LLC, a Delaware LLC, that together hold the La Preciosa property in Mexico (“La Preciosa”). Total consideration paid to Coeur was comprised of: a) Cash consideration of $15.3 million paid; b) A promissory note for $5 million in favour of Coeur, payable without interest on or before March 21, 2023; c) 14,000,000 common shares of Avino, with a value of $13.65 million on issuance; d) 7,000,000 share purchase warrants with a total value at $2.24 million exercisable at $1.09 per share until September 21, 2023, representing a 25% premium to Avino’s 20-day volume weighted average trading price as of October 26, 2021; Additionally, Avino issued the following consideration for which payment is contingent on a future event and due to acquisition date uncertainty these are valued at Nil. A liability for these contingent payments will be recognized when related activity and events occur. e) An additional cash payment of $8.75 million, to be paid no later than 12 months after initial production at La Preciosa, up to one-half of which may be paid in common shares of Avino (provided Coeur’s total shareholdings cannot exceed 19.9% of the Company’s total issued and outstanding shares); f) A 1.25% net smelter returns royalty on the Gloria and Abundancia areas of La Preciosa, and a 2.00% gross value royalty on all other areas of La Preciosa; and g) A payment of $0.25 per silver equivalent ounce (subject to inflationary adjustment) of new mineral reserves (as defined by NI 43-101) discovered and declared outside of the current mineral resource area at La Preciosa, subject to a cap of $50 million, and any such payments will be credited against any existing or future payments owing on the gross value royalty. The transaction has been accounted for as an asset acquisition as La Preciosa is in the exploration and evaluation stage and had not demonstrated technical feasibility, commercial viability, or the ability to provide economic benefits. La Preciosa did not have the workforce, resources and/or reserves, mine plan, or financial resources to meet the definition of a business for accounting purposes. The purchase consideration has been assigned based on the relative fair values of the assets acquired and liabilities assumed and is summarized as follows: Cash paid $ 15,301 Note payable 4,665 Common shares 14,630 Share purchase warrants 2,240 Total purchase consideration 36,836 Transaction costs 270 Total acquisition cost $ 37,106 Cash $ 168 Other current assets 471 Plant and equipment 1,621 Exploration and evaluation assets 37,618 Accounts payable (2,772 ) Net assets acquired $ 37,106 Common shares of $14,630 above includes $980 attributed to the value of 1,075,000 common shares issued for advisory services as part of the completion of the acquisition.

TAXES RECOVERABLE

TAXES RECOVERABLE	12 Months Ended
	Dec. 31, 2022
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, 2022 December 31, 2021 VAT recoverable $ 1,385 $ 790 GST recoverable 25 26 Income taxes recoverable 2,327 2,548 $ 3,737 $ 3,364

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2022
Inventory	7. INVENTORY December 31, 2022 December 31, 2021 Process material stockpiles $ 2,788 $ 1,083 Concentrate inventory 1,617 2,467 Materials and supplies 1,855 1,629 $ 6,260 $ 5,179 The amount of inventory recognized as an expense for the year ended December 31, 2022 totalled $28,795 (2021 – $7,282, 2020 – $15,832). See Note 17 for further details.

LONGTERM INVESTMENTS

LONGTERM INVESTMENTS	12 Months Ended
	Dec. 31, 2022
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, 2021 Exchange for the period 2022 Talisker Resources $ 3,880 $ - $ (134 ) $ (2,106 ) $ 1,640 Silver Wolf Exploration Ltd. 59 30 (35 ) (3 ) 51 Endurance Gold Corp - 53 (4 ) 6 55 $ 3,939 $ 83 $ (173 ) $ (2,103 ) $ 1,746 Silver Wolf Exploration Ltd. During the year ended December 31, 2022, the Company received 250,000 common shares (December 31, 2021 - received 131,718 common shares and 300,000 share purchase warrant at an exercise price of C$0.20) as part of the terms in the Option Agreement with Silver Wolf Exploration Ltd. Upon acquisition, the fair value of these common shares 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. Endurance Gold Corp. During the year ended December 31, 2022, the Company received 200,000 common shares as part of the terms of the Option Agreement with Endurance Gold Corp. Upon acquisition, the fair value of these common shares were recorded as “Other Income” on the statement of profit and loss. 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.

EXPLORATION AND EVALUATION ASSE

EXPLORATION AND EVALUATION ASSETS	12 Months Ended
	Dec. 31, 2022
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: Avino, Mexico La Preciosa, Mexico British Columbia & Yukon, Canada Total Balance, January 1, 2021 $ 10,051 $ - $ 1 $ 10,052 Costs incurred during 2021: Drilling and exploration 1,047 - - 1,047 Assessments and taxes 68 - - 68 Effect of movements in exchange rates 3 - - 3 Option income - Note 9 (117 ) - - (117 ) Balance, December 31, 2021 $ 11,052 $ - $ 1 $ 11,053 Costs incurred during 2022: Acquisition costs – Note 5 - 37,618 - 37,618 Drilling and exploration 719 296 - 1,015 Assessments and taxes 94 61 - 155 Option income – Note 9 (30 ) - - (30 ) Effect of movements in exchange rates (7 ) - - (7 ) Balance, December 31, 2022 $ 11,828 $ 37,975 $ 1 $ 49,804 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 March 8, 2021 (received on March 26, 2021 – see Note 8 for details); b. A further C$50 in cash or shares of Silver Wolf at Avino’s discretion on or before March 8, 2022 (received on March 30, 2022 – See Note 8 for details); c. A further C$100 in cash or shares of Silver Wolf at Avino’s discretion on or before March 8, 2023 (received on March 13, 2023 – See Note 25 for details); d. A further C$200 in cash or shares of Silver Wolf at Avino’s discretion on or before March 8, 2024; and e. A further C$200 in cash or shares of Silver Wolf at Avino’s discretion on or before March 8, 2025; and 2. Incur a total of C$750 in exploration expenditures on the properties, as follows: a. C$50 on or before March 8, 2022 (completed); b. A further C$100 on or before March 8, 2023 (completed); and c. A further C$600 on or before March 8, 2025. Under the Option Agreement, 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 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) La Preciosa, Mexico During the year ended December 31, 2022, the Company received approval for the closing of the acquisition of the La Preciosa property from Coeur Mining Inc. (“Coeur”). La Preciosa consists of 15 exploration concessions totaling 6,011 hectares located in Durango, Mexico, within the municipalities of Panuco de Coronado and Canatlan. The property is located within 20 kilometres of the Company’s current Avino mining operations. For further details on the transaction, see Note 5. (c) British Columbia, Canada (i) Minto and Olympic-Kelvin properties On May 2, 2022, the Company granted Endurance Gold Corp. (“Endurance”) the right to acquire an option to earn 100% ownership of the former Minto Gold Mine, Olympic and Kelvin gold prospects contained within a parcel of crown grant and mineral claims (the “Olympic Claims”). Under the terms of the letter agreement, Endurance can earn a 100% interest in the Olympic Claims if they pay Avino a total cash consideration in the aggregate amount of C$100, issue up to a total of 1,500,000 common shares (“Shares”) of Endurance and incur exploration expenditures in the aggregate amount of C$300; all of which is to be incurred by December 31, 2024. In the event that Endurance earns the 100% interest, the Olympic Claims will be subject to a 2% net smelter return royalty (“NSR”), of which 1% NSR can be purchased by the Endurance for C$750 and the remaining balance of the NSR can be purchased for C$1,000. As part of the final requirement to earn its interest, Endurance agreed to grant to Avino 750,000 share purchase warrants (“Warrants”) by December 31, 2024, that offer Avino the option to purchase additional shares in the Company for a period of three years from the date of issuance. The exercise price of the Warrants will be set at a 25% premium to the 20-day VWAP share price at the issuance date. During the Option term, if Endurance is successful in defining a compliant mineral resource of at least 500,000 gold-equivalent ounces on the Olympic Claims then Endurance will be obliged to pay Avino a C$1,000 discovery bonus. The Option agreement is subject to the TSX Venture Exchange acceptance, and any Shares or Warrants to be issued will be subject to a four-month hold period on issuance as per the policies of the TSX Venture Exchange. During the year ended December 31, 2022, Endurance granted 200,000 common shares and paid C$25 as per the terms of the agreement, which required payment upon signing of a letter agreement between the two parties (ii) 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. Subsequent to December 31, 2022, the Company agreed to sell to a subsidiary of Hecla Mining Company (“Hecla”) the Eagle Property for cash consideration of C$250.

NONCONTROLLING INTEREST

NONCONTROLLING INTEREST	12 Months Ended
	Dec. 31, 2022
Non-controlling Interest	10. NON-CONTROLLING INTEREST At December 31, 2022, the Company had an effective 99.67% (December 31, 2021 - 99.67%) interest in its subsidiary Avino Mexico and the remaining 0.33% (December 31, 2021 - 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, 2022
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 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 Additions / Transfers 1,649 185 441 2,383 4,781 2,907 12,346 Writedowns - - - (1,692 ) (100 ) - (1,792 ) Effect of movements in exchange rates - (17 ) (2 ) (1 ) - 8 (12 ) Balance at December 31, 2022 14,687 763 774 14,930 23,294 14,693 69,141 ACCUMULATED DEPLETION AND DEPRECIATION Balance at January 1, 2021 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 Additions / Transfers 250 147 331 1,616 146 1,133 3,623 Writedowns - - - (1,382 ) (80 ) - (1,462 ) Balance at December 31, 2022 9,106 441 598 5,178 6,733 3,029 25,085 NET BOOK VALUE At December 31, 2022 5,581 322 176 9,752 16,561 11,664 44,056 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 Included in Buildings above are assets under construction of $3,817 as at December 31, 2022 (2021 - $6,348) on which no depreciation was charged in the periods then ended. Once the assets are ready for service, they will be transferred to the appropriate class of plant, equipment and mining properties. As of December 31, 2022, the Company performed an evaluation of the property plant and equipment and recorded a write-down of $330 (December 31, 2021 - Nil) against the carrying value of mine and mill machinery and transportation equipment due to damage and obsolescence. As at December 31, 2022, plant, equipment and mining properties included a net carrying amount of $2,417 (2021 - $1,306) 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, 2022
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, 2022, and 2021, is as follows: 2022 2021 Salaries, benefits, and consulting fees $ 1,228 $ 1,021 Share-based payments 1,566 1,188 $ 2,794 $ 2,209 (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, 2022 December 31, 2021 Oniva International Services Corp. $ 100 $ 107 Silver Wolf Exploration Ltd. (72 ) - Directors Fees - 56 $ 28 $ 163 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, 2022, and 2021, the Company paid $326 and $239, 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, 2022, and 2021, are summarized below: 2022 2021 Salaries and benefits $ 878 $ 766 Office and miscellaneous 461 403 $ 1,339 $ 1,169

NOTES PAYBLE

NOTES PAYBLE	12 Months Ended
	Dec. 31, 2022
Notes Payble Discloser	13. NOTE PAYABLE On March 21, 2022, the Company closed the acquisition of the La Preciosa property from Coeur Mining Inc. (see Note 5 for further details). As part of the agreement, the Company issued a promissory note payable of $5 million due on or before March 21, 2023. The present value of $4,665 of the note payable was calculated using a discount interest rate of 6.71%. The note is unsecured and non-interest bearing assuming that the note is paid in full on or before March 21, 2023. If the note is not paid by March 21, 2023, a sum of $1 million shall be added to the principal amount and the note shall bear interest at a rate of 7% per annum and will be payable on demand. The continuity of the note payable is as follows: December 31, December 31, 2022 2021 Balance at beginning of the period $ - $ - Additions 4,665 - Repayments - - Unwinding of fair value adjustment 261 - Balance at end of the period $ 4,926 $ -

WARRANT LIABILITY

WARRANT LIABILITY	12 Months Ended
	Dec. 31, 2022
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, 2022 December 31, 2021 Balance at beginning of the period $ 741 $ 2,295 Warrants issued 2,240 - Fair value adjustment (2,395 ) (1,581 ) Effect of movement in exchange rates (111 ) 27 Balance at end of the period $ 475 $ 741 Continuity of warrants during the periods is as follows: Underlying Shares Weighted Average Exercise Price Warrants outstanding and exercisable, January 1, 2021 2,980,774 $ 0.80 Exercised (1,030,362 ) $ 0.80 Warrants outstanding and exercisable, December 31, 2021 1,950,412 $ 0.80 Issued 7,000,000 $ 1.09 Warrants outstanding and exercisable, December 31, 2022 8,950,412 $ 1.03 All Warrants Outstanding and Exercisable Expiry Date Exercise Price per Share December 31, 2022 December 31, 2021 September 21, 2023 $ 1.09 7,000,000 - September 25, 2023 $ 0.80 1,950,412 1,950,412 8,950,412 1,950,412 As at December 31, 2022, the weighted average remaining contractual life of warrants outstanding was 0.73 years (December 31, 2021 – 1.73 years). Valuation of the warrant liability requires the use of 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, 2022 December 31, 2021 Weighted average assumptions: Risk-free interest rate 4.07 % 0.91 % Expected dividend yield 0 % 0 % Expected warrant life (years) 0.73 1.73 Expected stock price volatility 56.80 % 83.13 % Weighted average fair value $ 0.05 $ 0.38 During the year ended December 31, 2022, the Company recorded $Nil realized loss on the exercise of warrants (December 31, 2021 - $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, 2022
RECLAMATION PROVISION
Reclamation Provision	15. RECLAMATION PROVISION Management’s estimate of the reclamation provision at December 31, 2022, is $445 (December 31, 2021 – $726), and the undiscounted value of the obligation is $1,454 (December 31, 2021 – $1,252). The present value of the obligation was calculated using a risk-free interest rate of 9.65% (December 31, 2021 – 7.78%) and an inflation rate of 7.82% (December 31, 2021 – 7.36%). 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 years ended December 31, 2022 and 2021, is as follows: December 31, 2022 December 31, 2021 Balance at beginning of the period $ 726 $ 808 Changes in estimates (364 ) (105 ) Unwinding of discount related to continuing operations 44 47 Effect of movements in exchange rates 39 (24 ) Balance at end of the period $ 445 $ 726

SHARE CAPITAL AND SHAREBASED PA

SHARE CAPITAL AND SHAREBASED PAYMENTS	12 Months Ended
	Dec. 31, 2022
SHARE CAPITAL AND SHAREBASED PAYMENTS
Share Capital And Share-based Payments	16. SHARE CAPITAL AND SHARE-BASED PAYMENTS (a) Authorized: . (b) Issued: (i) During the year ended December 31, 2022, the Company issued 14,000,000 common shares as part of the acquisition of La Preciosa from Coeur Mining Inc.. As a result, $13,650 was recorded to share capital, and exploration and evaluation assets as acquisition costs, representing the closing price on the Toronto Stock Exchange on March 21, 2022, the date of the issuance and closing. The Company further issued 1,075,000 common shares as payment for services provided during the acquisition, and as a result $980 was recorded to share capital and exploration and evaluation assets as acquisition costs. During the year ended December 31, 2022, the Company issued 48,000 common shares following the exercise of 48,000 options. As a result, $46 was recorded to share capital, representing cash proceeds of $31 and the fair value upon issuance of $15. During the year ended December 31, 2022, the Company issued 982,879 common shares upon exercise of RSUs. As a result, $899 was recorded to share capital. (ii) 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 $127. (c) Stock options: The Company has a stock option plan to purchase the Company’s common shares, under which it may grant stock options of up to 10% of the Company’s total number of shares issued and outstanding on a non-diluted basis. The stock option plan provides for the granting of stock options to directors, officers, and employees, and to persons providing investor relations or consulting services, the limits being based on the Company’s total number of issued and outstanding shares per year. The stock options vest on the date of grant, except for those issued to persons providing investor relations services, which vest over a period of one year. The option price must be greater than or equal to the discounted market price on the grant date, and the option term cannot exceed ten years from the grant date. Continuity of stock options is as follows: Underlying Shares Weighted Average Exercise Price (C$) Stock options outstanding, January 1, 2021 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 Granted 2,390,000 $ 1.20 Exercised (48,000 ) $ 0.79 Expired (880,000 ) $ 1.98 Cancelled / Forfeited (45,000 ) $ 1.40 Stock options outstanding, December 31, 2022 4,256,000 $ 1.36 Stock options exercisable, December 31, 2022 3,658,500 $ 1.39 The following table summarizes information about the stock options outstanding and exercisable at December 31, 2022: Outstanding Exercisable Expiry Date Price (C$) Number of Options Weighted Average Remaining Contractual Life (Years) Number of Options Weighted Average Remaining Contractual Life (Years) August 28, 2023 $ 1.30 105,000 0.66 105,000 0.66 August 21, 2024 $ 0.79 126,000 1.64 126,000 1.64 August 4, 2025 $ 1.64 1,660,000 2.59 1,660,000 2.59 March 25, 2027 $ 1.20 2,340,000 4.23 1,755,000 4.23 May 4, 2027 $ 0.92 25,000 4.34 12,500 4.34 4,256,000 3.43 3,658,500 3.43 Valuation of stock options requires the use of estimates and assumptions including the expected stock price volatility. The expected volatility used in valuing stock options is based on volatility observed in historical periods. Changes in the underlying assumptions can materially affect the fair value estimates. The fair value of the stock options was calculated using the Black-Scholes model with the following weighted average assumptions and resulting fair values: December 31, 2022 December 31, 2021 Weighted average assumptions: Risk-free interest rate 2.49 % -% Expected dividend yield 0.00 % -% Expected option life (years) 5.00 - Expected stock price volatility 59.98 % -% Expected forfeiture rate 20 % -% Weighted average fair value $ 0.63 - During the year ended December 31, 2022, the Company charged $869 (year ended December 31, 2021 - $362) to operations as share-based payments for the fair value of stock options granted. (d) Restricted Share Units: On April 19, 2018, the Company’s Restricted Share Unit (“RSU”) Plan was approved by its shareholders. The RSU Plan is administered by the Compensation Committee under the supervision of the Board of Directors as compensation to officers, directors, consultants, and employees. The Compensation Committee determines the terms and conditions upon which a grant is made, including any performance criteria or vesting period. Upon vesting, each RSU entitles the participant to receive one common share, provided that the participant is continuously employed with or providing services to the Company. RSUs track the value of the underlying common shares, but do not entitle the recipient to the underlying common shares until such RSUs vest, nor do they entitle a holder to exercise voting rights or any other rights attached to ownership or control of the common shares, until the RSU vests and the RSU participant receives common shares. Continuity of RSUs is as follows: Underlying Shares Weighted Average Price (C$) RSUs outstanding, January 1, 2021 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 Granted 1,799,000 $ 1.19 Exercised (982,879 ) $ 1.18 Forfeited (64,932 ) $ 1.40 RSUs outstanding, December 31, 2022 2,190,666 $ 1.27 The following table summarizes information about the RSUs outstanding at December 31, 2022: Issuance Date Price (C$) Number of RSUs Outstanding August 4, 2020 $ 1.64 412,666 March 25, 2022 $ 1.19 1,778,000 2,190,666 During the year ended December 31, 2022, 1,799,000 RSUs (year ended December 31, 2021 – Nil) were granted. The weighted average fair value at the measurement date was C$1.19, based on the TSX market price of the Company’s shares on the date the RSUs were granted. During the year ended December 31, 2022, the Company charged $1,155 (December 31, 2021 - $1,107) 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: 2022 2021 Net income (loss) from continuing operations for the period $ 3,096 $ (2,057 ) Net income (loss) for the period $ 3,096 $ (2,057 ) Basic weighted average number of shares outstanding 114,372,371 100,161,357 Effect of dilutive share options, warrants, and RSUs (‘000) 3,243,527 - Diluted weighted average number of shares outstanding 117,615,898 100,161,137 Basic and diluted earnings (loss) from continuing operations per share $ 0.03 $ (0.02 ) Basic and diluted earnings (loss) per share $ 0.03 $ (0.02 ) 3,573,960 potential common shares are anti-dilutive for the year ended December 31, 2021, and are therefore excluded from the weighted average number of common shares for the purpose of diluted earnings (loss) per share.

REVENUE AND COST OF SALES

REVENUE AND COST OF SALES	12 Months Ended
	Dec. 31, 2022
REVENUE AND COST OF SALES
Revenue And Cost Of Sales	17. REVENUE AND COST OF SALES The Company’s revenues for the year ended December 31, 2022 and 2021, are all attributable to Mexico, from shipments of concentrate from the Avino Mine, and processing of Historical Above Ground Stockpiles. 2022 2021 Concentrate sales $ 43,648 $ 11,208 Provisional pricing adjustments 539 20 $ 44,187 $ 11,228 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. Cost of sales is based on the weighted average cost of inventory sold for the periods and consists of the following: 2022 2021 Production costs $ 26,749 $ 4,905 Stand-by costs - 800 Write down of equipment 330 - Depreciation and depletion 2,046 1,976 $ 29,125 $ 7,681

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2022
General And Administrative Expenses	18 . GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses on the consolidated statements of operations consist of the following: 2022 2021 Salaries and benefits $ 1,892 $ 1,277 Office and miscellaneous 1,189 647 Professional fees 713 402 Management and consulting fees 499 451 Investor relations 303 227 Directors fees 153 182 Regulatory and compliance fees 146 170 Depreciation 140 140 Travel and promotion 121 70 $ 5,156 $ 3,566

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2022
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 lease agreements for their office premises, use of land, and equipment. Commitments in respect of these lease agreements are as follows: December 31, 2022 December 31, 2021 Not later than one year $ 105 $ 96 Later than one year and not later than five years 347 330 Later than five years 398 462 $ 850 $ 888 Office lease payments recognized as an expense during the year ended December 31, 2022, totalled $18 (December 31, 2021 - $16).

SUPPLEMENT CASH FLOW INFORMATIO

SUPPLEMENT CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2022
Supplement Cash Fow Information	20. SUPPLEMENTARY CASH FLOW INFORMATION 2022 2021 Net change in non-cash working capital items: Accounts payable and accrued liabilities $ 3,603 $ 1,240 Prepaid expenses and other assets (904 ) (203 ) Amounts receivable (1,464 ) (680 ) Taxes payable 863 25 Amounts due to related parties (127 ) 8 Taxes recoverable 71 1,727 Inventory (998 ) (3,664 ) $ 1,044 $ 1,547 2022 2021 Other non-cash supplementary information: Interest paid $ 92 $ 92 Taxes paid 14 589 $ 106 $ 581 2022 2021 Non-cash investing and financing activities: Acquisition of La Preciosa, net of cash & transaction costs $ 21,535 $ - Shares acquired under terms of option agreements 83 109 Transfer of share-based payments reserve upon exercise of RSUs 899 1,278 Transfer of share-based payments reserve upon option exercise 15 126 Transfer of share-based payments reserve upon option cancellation or expiry 831 443 Equipment acquired under finance leases and equipment loans 1,827 1,058 $ 25,190 $ 3,014

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
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 note payable, 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, 2021 – two) 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, 2022 and 2021, no amounts were held as collateral. 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, 2022, in the amount of $11,245 and working capital of $12,083 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, 2022, are summarized as follows: Total Less Than 1 Year 1-5 years More Than 5 Years Accounts payable and accrued liabilities $ 9,469 $ 9,469 $ - $ - Amounts due to related parties 28 28 - - Minimum rental and lease payments 850 105 347 398 Note Payable 5,000 5,000 Finance lease obligations 1,819 1,043 776 - Total $ 17,166 $ 15,645 $ 1,123 $ 398 (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, 2022 December 31, 2021 MXN CDN MXN CDN Cash $ 4,097 $ 250 $ 3,576 $ 1,450 Due from related parties 1,402 - - - Long-term investments - 2,365 - 4,976 Reclamation bonds - 4 - 6 Amounts receivable - 34 - 33 Accounts payable and accrued liabilities (85,486 ) (108 ) (57,604 ) (211 ) Due to related parties - (135 ) - (206 ) Finance lease obligations (161 ) (343 ) (1 ) (394 ) Net exposure (80,148 ) 2,067 (54,029 ) 5,654 US dollar equivalent $ (4,136 ) $ 1,526 $ (2,363 ) $ (4,054 ) Based on the net US dollar denominated asset and liability exposures as at December 31, 2022, a 10% fluctuation in the US/Mexican and Canadian/US exchange rates would impact the Company’s earnings for the year ended December 31, 2022, by approximately $275 (year ended December 31, 2021 - $143). 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, 2022, 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 $65 (December 31, 2021 - $26). 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, 2022, a 10% change in market prices would have an impact on net earnings (loss) of approximately $175 (December 31, 2021 - $330). 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, 2022: Level 1 Level 2 Level 3 Financial assets Cash $ 11,245 $ - $ - Amounts receivable - 2,672 - Long-term investments 1,746 - - Total financial assets $ 12,991 $ 2,672 $ - Financial liabilities Warrant liability - - (475 ) Total financial liabilities $ - $ - $ (475 ) The Company uses Black-Scholes model to measure its Level 3 financial instruments. As at December 31, 2022, 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, 2022 and 2021, see Note 14 of the consolidated financial statements.

CAPITAL MANAGEMENT

CAPITAL MANAGEMENT	12 Months Ended
	Dec. 31, 2022
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 note payable, and finance lease obligations, are listed as follows: December 31, December 31, 2022 2021 Equity $ 98,021 $ 78,507 Note payable 4,926 - Finance lease obligations 1,716 1,069 $ 104,663 $ 79,576 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, 2022, 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, 2022, 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, 2022
Segmented Information	23. SEGMENTED INFORMATION The Company reviews its segment reporting to ensure it reflects the operational structure of the Company and enables the Company's Chief Operating Decision Maker (the Company’s CEO) to review operating segment performance. We have determined that each producing mine represents an operating segment, of which there is one as of December 31, 2022. The Company’s revenues for the year ended December 31, 2022, of $44,187 (2021 - $11,228) are all attributable to one reportable segment in 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: 2022 2021 Silver $ 16,570 $ 3,421 Copper 10,258 5,566 Gold 25,875 4,344 Penalties, treatment costs and refining charges (8,516 ) (2,103 ) Total revenue from mining operations $ 44,187 $ 11,228 For the year ended December 31, 2022 and 2021, the Company had the following customers that accounted for total revenues as follows: 2022 2021 Customer #1 $ 39,911 $ 5,521 Customer #2 3,479 3,045 Other customers 797 2,662 Total revenue from mining operations $ 44,187 $ 11,228 Geographical information relating to the Company’s non-current assets (other than financial instruments) is as follows: December 31, 2022 December 31, 2021 Exploration and evaluation assets - Mexico $ 46,541 $ 11,052 Exploration and evaluation assets - Canada 1 1 Total exploration and evaluation assets $ 46,542 $ 11,053 December 31, 2022 December 31, 2021 Plant, equipment, and mining properties - Mexico $ 43,812 $ 35,390 Plant, equipment, and mining properties - Canada 244 285 Total plant, equipment, and mining properties $ 44,056 $ 35,675

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
INCOME TAXES
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: 2022 2021 Current income tax expense $ 1,144 $ 27 Deferred income tax expense (recovery) 3,440 412 Total income tax expense (recovery) $ 4,584 $ 439 The reconciliation of income taxes calculated at the Canadian statutory tax rate to the income tax expense recognized in the year is as follows: 2022 2021 Net income (loss) before income taxes $ 7,680 $ (1,618 ) Net loss from discontinued operations before income taxes - - Net income (loss) before income taxes $ 7,680 $ (1,618 ) Combined statutory tax rate 27.00 % 27.00 % Income tax expense (recovery) at the Canadian statutory rate 2,074 (437 ) Reconciling items: Effect of difference in foreign tax rates 326 11 Non-deductible/non-taxable items 1,205 675 Change in unrecognized deductible temporary differences 1,169 122 Impact of foreign exchange (351 ) 75 Special mining duties 385 17 Revisions to estimates (215 ) 313 Share issue costs (3 ) (249 ) Other items (6 ) (88 ) Income tax expense (recovery) recognized in the year $ 4,584 $ 439 The Company recognized a non-cash expense of $408 for the year ended December 31, 2022 (2021 – expense of $Nil; 2020 – recovery of $164) related to the deferred tax impact of the special mining duty. December 31, December 31, 2022 2021 Deferred income tax assets $ 1,426 $ 4,341 Deferred income tax liabilities (6,647 ) (6,122 ) $ (5,221 ) $ (1,781 ) 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, 2022 December 31, 2021 Reclamation provision $ 167 $ 272 Non-capital losses - 3,525 Other deductible temporary differences 1,259 543 Exploration and evaluation assets (3,310 ) (3,326 ) Plant, equipment and mining properties (3,337 ) (2,795 ) Net deferred income tax liabilities $ (5,221 ) $ (1,781 ) 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, 2022 December 31, 2021 Tax losses carried forward - Canada $ 20,370 $ 17,968 Tax losses carried forward - Mexico 42,575 - Share issue costs 841 1,478 Plant, equipment and mining properties 411 341 Exploration and evaluation assets 1,156 1,244 Investments 1,289 (15 ) Unrecognized deductible temporary differences $ 66,642 $ 21,016 The Company has capital losses of $12,637 carried forward and $7,733 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 2023 to 2042. The Company has non-capital tax losses of $42,575 carried forward available to reduce future Mexican taxable income and have an expiry date range of 2023 to 2032.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	25. SUBSEQUENT EVENTS At-The-Market Sales Option Agreement Note Payable Non-Core Claims Sale

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
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. (ii) Development expenditures 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. Such estimation is a subjective process and the accuracy of any mineral resource estimate is a function of the quantity and quality of available data and of the assumptions made and judgments used in engineering and geological interpretation. Differences between management’s assumptions including economic assumptions such as metal prices, discount rate and market conditions could have a material effect in the future on the Company’s financial position, results of operation and cash flows 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, 2022 and 2021, the Company estimated a remaining mine life for the Avino Mine of 20 and 20 years, respectively. Upon the acquisition of an asset or a group of assets and liabilities that does not constitute a business, the Company identifies and recognizes the individual identifiable assets acquired and liabilities assumed. The cost of the group is allocated to the individual identifiable assets and liabilities on the basis of their relative fair values at the date of purchase. Such a transaction or event does not give rise to goodwill. Transaction costs related to the acquisition is capitalized as part of cost of assets acquired. 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 5 years straight line balance Computer equipment 3 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	The Company assesses whether a contract is, or contains, a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets (such as tablets and personal computers, small items of office furniture and telephones). For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. The incremental borrowing rate depends on the term, currency and start date of the lease and is determined based on a series of inputs including: the risk-free rate based on government bond rates; a country-specific risk adjustment; a credit risk adjustment based on bond yields; and an entity-specific adjustment when the risk profile of the entity that enters into the lease is different to that of the Company and the lease does not benefit from a guarantee from the Company. Lease payments included in the measurement of the lease liability comprise: · Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable · Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date · The amount expected to be payable by the lessee under residual value guarantees · The exercise price of purchase options, if the lessee is reasonably certain to exercise the options · Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease The lease liability is presented as a separate line in the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: · The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate · The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used) · A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the right-of-use asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The Company applies IAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in the ‘Plant, Equipment and Mining Properties’ policy.
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 the estimated costs of completion and the estimated costs necessary to make the sale. 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, 2022
schedule of audited consolidated financial statements	Subsidiary Ownership Interest Jurisdiction Nature of Operations Oniva Silver and Gold Mines S.A. de C.V. 100% Mexico Mexican administration Nueva Vizcaya Mining, S.A. de C.V. 100% Mexico Mexican administration Promotora Avino, S.A. de C.V. (“Promotora”) 79.09% Mexico Holding company Compañía Minera Mexicana de Avino, S.A. de C.V. (“Avino Mexico”) 98.45% direct 1.22% indirect (Promotora) 99.67% effective Mexico Mining and exploration La Luna Silver & Gold Mines Ltd. 100% Canada Holding company La Preciosa Silver & Gold Mines Ltd. 100% Canada Holding company Proyectos Mineros La Preciosa S.A. de C.V. 100% Mexico Mining and exploration Cervantes LLP 100% U.S. Holding company

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
schedule of Plant and equipment are depreciated	Office equipment, furniture, and fixtures 5 years straight line balance Computer equipment 3 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

ACQUISITION OF LA PRECIOSA (Tab

ACQUISITION OF LA PRECIOSA (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of fair values of assets acquired and liabilities assumed	Cash paid $ 15,301 Note payable 4,665 Common shares 14,630 Share purchase warrants 2,240 Total purchase consideration 36,836 Transaction costs 270 Total acquisition cost $ 37,106 Cash $ 168 Other current assets 471 Plant and equipment 1,621 Exploration and evaluation assets 37,618 Accounts payable (2,772 ) Net assets acquired $ 37,106

TAXES RECEOVERABLE (Tables)

TAXES RECEOVERABLE (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Income Taxes Recoverable And Canadian Sales Taxes	December 31, 2022 December 31, 2021 VAT recoverable $ 1,385 $ 790 GST recoverable 25 26 Income taxes recoverable 2,327 2,548 $ 3,737 $ 3,364

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Inventory	December 31, 2022 December 31, 2021 Process material stockpiles $ 2,788 $ 1,083 Concentrate inventory 1,617 2,467 Materials and supplies 1,855 1,629 $ 6,260 $ 5,179

LONGTERM INVESTMENTS (Tables)

LONGTERM INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Long-term Investments	Fair Value December 31, Net Additions Movements in foreign Fair value adjustments Fair Value December 31, 2021 Exchange for the period 2022 Talisker Resources $ 3,880 $ - $ (134 ) $ (2,106 ) $ 1,640 Silver Wolf Exploration Ltd. 59 30 (35 ) (3 ) 51 Endurance Gold Corp - 53 (4 ) 6 55 $ 3,939 $ 83 $ (173 ) $ (2,103 ) $ 1,746

EXPLORATION AND EVALUATION AS_2

EXPLORATION AND EVALUATION ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Exploration And Evaluation Costs	Avino, Mexico La Preciosa, Mexico British Columbia & Yukon, Canada Total Balance, January 1, 2021 $ 10,051 $ - $ 1 $ 10,052 Costs incurred during 2021: Drilling and exploration 1,047 - - 1,047 Assessments and taxes 68 - - 68 Effect of movements in exchange rates 3 - - 3 Option income - Note 9 (117 ) - - (117 ) Balance, December 31, 2021 $ 11,052 $ - $ 1 $ 11,053 Costs incurred during 2022: Acquisition costs – Note 5 - 37,618 - 37,618 Drilling and exploration 719 296 - 1,015 Assessments and taxes 94 61 - 155 Option income – Note 9 (30 ) - - (30 ) Effect of movements in exchange rates (7 ) - - (7 ) Balance, December 31, 2022 $ 11,828 $ 37,975 $ 1 $ 49,804

PLANT EQUIPMENT AND MINING PR_2

PLANT EQUIPMENT AND MINING PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2022
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 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 Additions / Transfers 1,649 185 441 2,383 4,781 2,907 12,346 Writedowns - - - (1,692 ) (100 ) - (1,792 ) Effect of movements in exchange rates - (17 ) (2 ) (1 ) - 8 (12 ) Balance at December 31, 2022 14,687 763 774 14,930 23,294 14,693 69,141 ACCUMULATED DEPLETION AND DEPRECIATION Balance at January 1, 2021 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 Additions / Transfers 250 147 331 1,616 146 1,133 3,623 Writedowns - - - (1,382 ) (80 ) - (1,462 ) Balance at December 31, 2022 9,106 441 598 5,178 6,733 3,029 25,085 NET BOOK VALUE At December 31, 2022 5,581 322 176 9,752 16,561 11,664 44,056 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

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Related Party Transactions With Oniva	2022 2021 Salaries and benefits $ 878 $ 766 Office and miscellaneous 461 403 $ 1,339 $ 1,169
Schedule Of Related Party Transactions And Balances	2022 2021 Salaries, benefits, and consulting fees $ 1,228 $ 1,021 Share-based payments 1,566 1,188 $ 2,794 $ 2,209
Schedule Of Due To Related Parties	December 31, 2022 December 31, 2021 Oniva International Services Corp. $ 100 $ 107 Silver Wolf Exploration Ltd. (72 ) - Directors Fees - 56 $ 28 $ 163

NOTE PAYABLE (Tables)

NOTE PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of note payable	December 31, December 31, 2022 2021 Balance at beginning of the period $ - $ - Additions 4,665 - Repayments - - Unwinding of fair value adjustment 261 - Balance at end of the period $ 4,926 $ -

WARRANT LIABILITY (Tables)

WARRANT LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Change In Warrant Liability	December 31, 2022 December 31, 2021 Balance at beginning of the period $ 741 $ 2,295 Warrants issued 2,240 - Fair value adjustment (2,395 ) (1,581 ) Effect of movement in exchange rates (111 ) 27 Balance at end of the period $ 475 $ 741
Schedule Of Warrants Outstanding And Exercisable	Underlying Shares Weighted Average Exercise Price Warrants outstanding and exercisable, January 1, 2021 2,980,774 $ 0.80 Exercised (1,030,362 ) $ 0.80 Warrants outstanding and exercisable, December 31, 2021 1,950,412 $ 0.80 Issued 7,000,000 $ 1.09 Warrants outstanding and exercisable, December 31, 2022 8,950,412 $ 1.03 All Warrants Outstanding and Exercisable Expiry Date Exercise Price per Share December 31, 2022 December 31, 2021 September 21, 2023 $ 1.09 7,000,000 - September 25, 2023 $ 0.80 1,950,412 1,950,412 8,950,412 1,950,412
Schedule Of Fair Value Of Warrant Liability	December 31, 2022 December 31, 2021 Weighted average assumptions: Risk-free interest rate 4.07 % 0.91 % Expected dividend yield 0 % 0 % Expected warrant life (years) 0.73 1.73 Expected stock price volatility 56.80 % 83.13 % Weighted average fair value $ 0.05 $ 0.38

RECLAMATION PROVISION (Tables)

RECLAMATION PROVISION (Tables)	12 Months Ended
	Dec. 31, 2022
RECLAMATION PROVISION
Reconciliation Of The Changes In The Company's Reclamation Provision	December 31, 2022 December 31, 2021 Balance at beginning of the period $ 726 $ 808 Changes in estimates (364 ) (105 ) Unwinding of discount related to continuing operations 44 47 Effect of movements in exchange rates 39 (24 ) Balance at end of the period $ 445 $ 726

SHARE CAPITAL AND SHAREBASED _2

SHARE CAPITAL AND SHAREBASED PAYMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
SHARE CAPITAL AND SHAREBASED PAYMENTS
Schedule Of Stock Options	Underlying Shares Weighted Average Exercise Price (C$) Stock options outstanding, January 1, 2021 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 Granted 2,390,000 $ 1.20 Exercised (48,000 ) $ 0.79 Expired (880,000 ) $ 1.98 Cancelled / Forfeited (45,000 ) $ 1.40 Stock options outstanding, December 31, 2022 4,256,000 $ 1.36 Stock options exercisable, December 31, 2022 3,658,500 $ 1.39
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) August 28, 2023 $ 1.30 105,000 0.66 105,000 0.66 August 21, 2024 $ 0.79 126,000 1.64 126,000 1.64 August 4, 2025 $ 1.64 1,660,000 2.59 1,660,000 2.59 March 25, 2027 $ 1.20 2,340,000 4.23 1,755,000 4.23 May 4, 2027 $ 0.92 25,000 4.34 12,500 4.34 4,256,000 3.43 3,658,500 3.43
Schedule of fair value of the stock options was calculated using the Black-Scholes model	December 31, 2022 December 31, 2021 Weighted average assumptions: Risk-free interest rate 2.49 % -% Expected dividend yield 0.00 % -% Expected option life (years) 5.00 - Expected stock price volatility 59.98 % -% Expected forfeiture rate 20 % -% Weighted average fair value $ 0.63 -
Schedule Of Rsu Outstanding	Underlying Shares Weighted Average Price (C$) RSUs outstanding, January 1, 2021 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 Granted 1,799,000 $ 1.19 Exercised (982,879 ) $ 1.18 Forfeited (64,932 ) $ 1.40 RSUs outstanding, December 31, 2022 2,190,666 $ 1.27
Schedule of summarizes information about the RSUs	Issuance Date Price (C$) Number of RSUs Outstanding August 4, 2020 $ 1.64 412,666 March 25, 2022 $ 1.19 1,778,000 2,190,666
Schedule Of Basic Earnings Per Share And Diluted Earnings Per Share	2022 2021 Net income (loss) from continuing operations for the period $ 3,096 $ (2,057 ) Net income (loss) for the period $ 3,096 $ (2,057 ) Basic weighted average number of shares outstanding 114,372,371 100,161,357 Effect of dilutive share options, warrants, and RSUs (‘000) 3,243,527 - Diluted weighted average number of shares outstanding 117,615,898 100,161,137 Basic and diluted earnings (loss) from continuing operations per share $ 0.03 $ (0.02 ) Basic and diluted earnings (loss) per share $ 0.03 $ (0.02 )

REVENUE AND COST OF SALES (Tabl

REVENUE AND COST OF SALES (Tables)	12 Months Ended
	Dec. 31, 2022
REVENUE AND COST OF SALES
Schedule Of Revenue	2022 2021 Concentrate sales $ 43,648 $ 11,208 Provisional pricing adjustments 539 20 $ 44,187 $ 11,228
Schedule Of Cost Of Sales	2022 2021 Production costs $ 26,749 $ 4,905 Stand-by costs - 800 Write down of equipment 330 - Depreciation and depletion 2,046 1,976 $ 29,125 $ 7,681

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of General And Administrative Expenses	2022 2021 Salaries and benefits $ 1,892 $ 1,277 Office and miscellaneous 1,189 647 Professional fees 713 402 Management and consulting fees 499 451 Investor relations 303 227 Directors fees 153 182 Regulatory and compliance fees 146 170 Depreciation 140 140 Travel and promotion 121 70 $ 5,156 $ 3,566

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Commitments	December 31, 2022 December 31, 2021 Not later than one year $ 105 $ 96 Later than one year and not later than five years 347 330 Later than five years 398 462 $ 850 $ 888

SUPPLEMENT CASH FLOW INFORMAT_2

SUPPLEMENT CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Supplement Cash Flow Information	2022 2021 Net change in non-cash working capital items: Accounts payable and accrued liabilities $ 3,603 $ 1,240 Prepaid expenses and other assets (904 ) (203 ) Amounts receivable (1,464 ) (680 ) Taxes payable 863 25 Amounts due to related parties (127 ) 8 Taxes recoverable 71 1,727 Inventory (998 ) (3,664 ) $ 1,044 $ 1,547 2022 2021 Other non-cash supplementary information: Interest paid $ 92 $ 92 Taxes paid 14 589 $ 106 $ 581 2022 2021 Non-cash investing and financing activities: Acquisition of La Preciosa, net of cash & transaction costs $ 21,535 $ - Shares acquired under terms of option agreements 83 109 Transfer of share-based payments reserve upon exercise of RSUs 899 1,278 Transfer of share-based payments reserve upon option exercise 15 126 Transfer of share-based payments reserve upon option cancellation or expiry 831 443 Equipment acquired under finance leases and equipment loans 1,827 1,058 $ 25,190 $ 3,014

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Contractual Obligations And Commitments	Total Less Than 1 Year 1-5 years More Than 5 Years Accounts payable and accrued liabilities $ 9,469 $ 9,469 $ - $ - Amounts due to related parties 28 28 - - Minimum rental and lease payments 850 105 347 398 Note Payable 5,000 5,000 Finance lease obligations 1,819 1,043 776 - Total $ 17,166 $ 15,645 $ 1,123 $ 398
Schedule Of Foreign Currency Risk	December 31, 2022 December 31, 2021 MXN CDN MXN CDN Cash $ 4,097 $ 250 $ 3,576 $ 1,450 Due from related parties 1,402 - - - Long-term investments - 2,365 - 4,976 Reclamation bonds - 4 - 6 Amounts receivable - 34 - 33 Accounts payable and accrued liabilities (85,486 ) (108 ) (57,604 ) (211 ) Due to related parties - (135 ) - (206 ) Finance lease obligations (161 ) (343 ) (1 ) (394 ) Net exposure (80,148 ) 2,067 (54,029 ) 5,654 US dollar equivalent $ (4,136 ) $ 1,526 $ (2,363 ) $ (4,054 )
Schedule Of Fair Value On Recurring Basis	Level 1 Level 2 Level 3 Financial assets Cash $ 11,245 $ - $ - Amounts receivable - 2,672 - Long-term investments 1,746 - - Total financial assets $ 12,991 $ 2,672 $ - Financial liabilities Warrant liability - - (475 ) Total financial liabilities $ - $ - $ (475 )

CAPITAL MANAGEMENT (Tables)

CAPITAL MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of note payable, and finance lease obligations	December 31, December 31, 2022 2021 Equity $ 98,021 $ 78,507 Note payable 4,926 - Finance lease obligations 1,716 1,069 $ 104,663 $ 79,576

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Condensed Consolidated Interim Statements Of Operations	2022 2021 Silver $ 16,570 $ 3,421 Copper 10,258 5,566 Gold 25,875 4,344 Penalties, treatment costs and refining charges (8,516 ) (2,103 ) Total revenue from mining operations $ 44,187 $ 11,228
Schedule Of Revenues From Customers	2022 2021 Customer #1 $ 39,911 $ 5,521 Customer #2 3,479 3,045 Other customers 797 2,662 Total revenue from mining operations $ 44,187 $ 11,228
Schedule Of Geographical Information Of Company's Non-current Assets	December 31, 2022 December 31, 2021 Exploration and evaluation assets - Mexico $ 46,541 $ 11,052 Exploration and evaluation assets - Canada 1 1 Total exploration and evaluation assets $ 46,542 $ 11,053 December 31, 2022 December 31, 2021 Plant, equipment, and mining properties - Mexico $ 43,812 $ 35,390 Plant, equipment, and mining properties - Canada 244 285 Total plant, equipment, and mining properties $ 44,056 $ 35,675

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
INCOME TAXES
Schedule Of Income tax expense	2022 2021 Current income tax expense $ 1,144 $ 27 Deferred income tax expense (recovery) 3,440 412 Total income tax expense (recovery) $ 4,584 $ 439
Schedule Of reconciliation of income taxes	2022 2021 Net income (loss) before income taxes $ 7,680 $ (1,618 ) Net loss from discontinued operations before income taxes - - Net income (loss) before income taxes $ 7,680 $ (1,618 ) Combined statutory tax rate 27.00 % 27.00 % Income tax expense (recovery) at the Canadian statutory rate 2,074 (437 ) Reconciling items: Effect of difference in foreign tax rates 326 11 Non-deductible/non-taxable items 1,205 675 Change in unrecognized deductible temporary differences 1,169 122 Impact of foreign exchange (351 ) 75 Special mining duties 385 17 Revisions to estimates (215 ) 313 Share issue costs (3 ) (249 ) Other items (6 ) (88 ) Income tax expense (recovery) recognized in the year $ 4,584 $ 439
Schedule Of deferred tax impact	December 31, December 31, 2022 2021 Deferred income tax assets $ 1,426 $ 4,341 Deferred income tax liabilities (6,647 ) (6,122 ) $ (5,221 ) $ (1,781 )
Schedule Of income tax assets and liabilities	December 31, 2022 December 31, 2021 Reclamation provision $ 167 $ 272 Non-capital losses - 3,525 Other deductible temporary differences 1,259 543 Exploration and evaluation assets (3,310 ) (3,326 ) Plant, equipment and mining properties (3,337 ) (2,795 ) Net deferred income tax liabilities $ (5,221 ) $ (1,781 )
Schedule Of Unrecognized deductible temporary differences	December 31, 2022 December 31, 2021 Tax losses carried forward - Canada $ 20,370 $ 17,968 Tax losses carried forward - Mexico 42,575 - Share issue costs 841 1,478 Plant, equipment and mining properties 411 341 Exploration and evaluation assets 1,156 1,244 Investments 1,289 (15 ) Unrecognized deductible temporary differences $ 66,642 $ 21,016

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	12 Months Ended
	Dec. 31, 2022
La Preciosa Silver & Gold Mines Ltd.(Member)
Statement [Line Items]
Subsidiary	La Preciosa Silver & Gold Mines Ltd.
Ownership Interest	100%
Jurisdiction	Canada
Nature of Operations	Holding company
Oniva Silver And GoldMines SADeCV [Member]
Statement [Line Items]
Subsidiary	Oniva Silver and Gold Mines S.A. de C.V.
Ownership Interest	100%
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%
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. (Member)
Statement [Line Items]
Subsidiary	Compañía Minera Mexicana de Avino, S.A. de C.V.
Jurisdiction	Mexico
Nature of Operations	Mining and exploration
Ownership Interest	98.45% direct 1.22% indirect (Promotora) 99.67% effective
La Luna Silver & Gold Mines Ltd. (Member)
Statement [Line Items]
Subsidiary	La Luna Silver & Gold Mines Ltd.
Ownership Interest	100%
Jurisdiction	Canada
Nature of Operations	Holding company
Proyectos Mineros La Preciosa S.A. de C.V. (Member)
Statement [Line Items]
Subsidiary	Proyectos Mineros La Preciosa S.A. de C.V.
Ownership Interest	100%
Jurisdiction	Mexico
Nature of Operations	Mining and exploration
Cervantes LLP (Member)
Statement [Line Items]
Subsidiary	Cervantes LLP
Ownership Interest	100%
Jurisdiction	U.S.
Nature of Operations	Holding company

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2022
Mill Machinery And Processing Equipment [Member] | Maximum [Member]
Statement [Line Items]
Estimated useful life	20 years
Mill Machinery And Processing Equipment [Member] | Minimum [Member]
Statement [Line Items]
Estimated useful life	5 years
Buildings [Member] | Maximum [Member]
Statement [Line Items]
Estimated useful life	20 years
Buildings [Member] | Minimum [Member]
Statement [Line Items]
Estimated useful life	5 years
Office Equipment Furniture And Fixtures [Member]
Statement [Line Items]
Estimated useful life	5 years
Computer Equipment [Member]
Statement [Line Items]
Estimated useful life	3 years
Mine Machinery And Transportation Equipment [Member]
Statement [Line Items]
Estimated useful life	5 years

ACQUISITION OF LA PRECIOSA (Det

ACQUISITION OF LA PRECIOSA (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Plant And Equipment	$ 44,056	$ 35,675
Fair values of the Assets acquired and Liabilities
Statement [Line Items]
Cash Paid	15,301
Note Payable	4,665
Common Shares	14,630
Share Purchase Warrants	2,240
Total Purchase Consideration	36,836
Transaction Costs	270
Total Acquisition Cost	37,106
Cash	168
Other Current Assets	471
Plant And Equipment	1,621
Exploration And Evaluation Assets	37,618
Accounts payable	(2,772)
Net Assets Acquired	$ 37,106

ACQUISITION OF LA PRECIOSA (D_2

ACQUISITION OF LA PRECIOSA (Details Narrative) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Statement [Line Items]
Inflationary Adjustment Description	A payment of $0.25 per silver equivalent ounce (subject to inflationary adjustment) of new mineral reserves (as defined by NI 43-101) discovered and declared outside of the current mineral resource area at La Preciosa, subject to a cap of $50 million, and any such payments will be credited against any existing or future payments owing on the gross value royalty.
Common Stock Shares Issuance, Shares | shares	1,075,000
Common Shares Issuance, Value	$ 14,630
Avino
Statement [Line Items]
Common Stock Shares Issuance, Shares | shares	14,000,000
Common Shares Issuance, Value	$ 13,650
La Preciosa Silver & Gold Mines Ltd.(Member)
Statement [Line Items]
Royalty Returns	2%
Gloria and Abundancia
Statement [Line Items]
Royalty Returns	1.25%
Common Shares Issuance, Value	$ 980
Coeur
Statement [Line Items]
Cash Consideration	15,300
Promissory Note	$ 5,000
Warrants Purchase | shares	7,000,000
Warrants Value	$ 2,240
Warrants Exercisable Price Per Shares | $ / shares	$ 1.09
Warrants Premium	25%
Additional Cash Payment	$ 8,750

TAXES RECOVERABLE (Details)

TAXES RECOVERABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Vat Recoverable	$ 1,385	$ 790
Gst Recoverable	25	26
Income Taxes Recoverable	2,327	2,548
Total Taxes Recoverable	$ 3,737	$ 3,364

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Process Material Stockpiles	$ 2,788	$ 1,083
Concentrate Inventory	1,617	2,467
Materials And Supplies	1,855	1,629
Inventories	$ 6,260	$ 5,179

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cost Of Sales	$ 28,795	$ 7,282	$ 15,832

LONG TERM INVESTMENTS (Details)

LONG TERM INVESTMENTS (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Statement [Line Items]
Fair Value Of Long Term Investments, Beginning Balance	$ 3,939,000
Net Additions And (warrants Exercised)	83,000
Movements In Foreign Exchange	(173,000)
Fair Value Adjustments For The Period	(2,103,000)
Fair Value Of Long Term Investments, Ending Balance	1,746,000
Talisker Resources Ltd [Member] | Common Shares [Member]
Statement [Line Items]
Fair Value Of Long Term Investments, Beginning Balance	3,880,000
Net Additions And (warrants Exercised)	0
Movements In Foreign Exchange	(134,000)
Fair Value Adjustments For The Period	(2,106,000)
Fair Value Of Long Term Investments, Ending Balance	1,640,000
Silver Wolf Exploration Ltd. [Member] | Common Share [Member]
Statement [Line Items]
Fair Value Of Long Term Investments, Beginning Balance	59,000
Net Additions And (warrants Exercised)	30,000
Movements In Foreign Exchange	(35,000)
Fair Value Adjustments For The Period	(3,000)
Fair Value Of Long Term Investments, Ending Balance	51,000
Endurance Gold Corp. Common Shares
Statement [Line Items]
Fair Value Of Long Term Investments, Beginning Balance	0
Net Additions And (warrants Exercised)	53,000
Movements In Foreign Exchange	(4,000)
Fair Value Adjustments For The Period	6,000
Fair Value Of Long Term Investments, Ending Balance	$ 55,000

LONG TERM INVESTMENTS (Details

LONG TERM INVESTMENTS (Details Narrative) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Silver Wolf Exploration Ltd. [Member] | Common Share [Member]
Statement [Line Items]
Receipt of common stock as part of option agreement	250,000	131,718
Warrant shares purchased	300,000
Exercise price	$ 0.20
Endurance Gold Corp. [Member]
Statement [Line Items]
Receipt of common stock as part of option agreement	200,000

EXPLORATION AND EVALUATION AS_3

EXPLORATION AND EVALUATION ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Beginning Balance	$ 11,053,000	$ 10,052,000
Acquisition costs - Note 5	37,618,000
Drilling And Exploration	1,015,000	1,047,000
Assessments And Taxes	155,000	68,000
Effect Of Movements In Exchange Rates	(7,000)	3,000
Option income (Note 9)	(30,000)	(117,000)
Ending Balance	49,804,000	11,053,000
Avino, Mexico [Member]
Statement [Line Items]
Beginning Balance	11,052,000	10,051,000
Acquisition costs - Note 5	0
Drilling And Exploration	719,000	1,047,000
Assessments And Taxes	94,000	68,000
Effect Of Movements In Exchange Rates	(7,000)	3,000
Option income (Note 9)	(30,000)	(117,000)
Ending Balance	11,828,000	11,052,000
La Preciosa, Mexico [Member]
Statement [Line Items]
Beginning Balance	0	0
Acquisition costs - Note 5	37,618,000
Drilling And Exploration	296,000	0
Assessments And Taxes	61,000	0
Effect Of Movements In Exchange Rates	0	0
Option income (Note 9)	0	0
Ending Balance	37,975,000	0
British Columbia & Yukon, Canada [Member]
Statement [Line Items]
Beginning Balance	1,000	1,000
Acquisition costs - Note 5	0
Drilling And Exploration	0	0
Assessments And Taxes	0	0
Effect Of Movements In Exchange Rates	0	0
Option income (Note 9)	0	0
Ending Balance	$ 1,000	$ 1,000

EXPLORATION AND EVALUATION AS_4

EXPLORATION AND EVALUATION ASSETS (Details Narrative)	12 Months Ended
	Dec. 31, 2022 CAD ($) integer $ / shares shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2012 CAD ($) shares	Dec. 31, 2022 USD ($) ft² integer	Dec. 31, 2022 CAD ($) ft² integer	Dec. 31, 2020 USD ($)
Statement [Line Items]
Letter Agreement Description	Endurance can earn a 100% interest in the Olympic Claims if they pay Avino a total cash consideration in the aggregate amount of C$100, issue up to a total of 1,500,000 common shares (“Shares”) of Endurance and incur exploration expenditures in the aggregate amount of C$300; all of which is to be incurred by December 31, 2024. In the event that Endurance earns the 100% interest, the Olympic Claims will be subject to a 2% net smelter return royalty (“NSR”), of which 1% NSR can be purchased by the Endurance for C$750 and the remaining balance of the NSR can be purchased for C$1,000
Granted Shares | shares	200,000
Payment	$ 25
Exploration Expenditures Properties		$ 11,053,000		$ 49,804,000		$ 10,052,000
Warrants Acquire Shares Purchase | shares	117,615,898,000	100,161,357,000
Eagle Property for cash consideration	$ 250,000
Silver Wolf Exploration Ltd. [Member]
Statement [Line Items]
Common Stock Shares Issued Value	50,000
Exploration Expenditures Properties					$ 750
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] | Option Agreement [Member]
Statement [Line Items]
Common Stock Shares Issued Value	$ 600
Warrants Acquire Shares Purchase | shares	300,000
Exercise Price | $ / shares	$ 0.20
Ownership Percentage	100%
Durango, Mexico [Member] | Santiago Papasquiaro property [Member]
Statement [Line Items]
Area Of Exploitation Concessions | ft²				2,552.6	2,552.6
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
Exploration And Mining Rights Acquisition Consideration Transferred, Shares Issued | shares			135,189
Exploration And Mining Rights Acquisition Consideration Transferred Shares Issued, Value			$ 250,000
Durango, Mexico [Member] | Unification La Platosa properties [Member] | Minerales [Member]
Statement [Line Items]
Description Of Royalty Terms	The Company has agreed to pay to Minerales a royalty equal to 3.5% of net smelter returns (“NSR”). In addition, after the start of production, if the minimum monthly processing rate of the mine facilities is less than 15,000 tonnes, then the Company must pay to Minerales a minimum royalty equal to the applicable NSR royalty based on the processing at a monthly rate of 15,000 tonnes
Description For Exclusive Right Acquisition Under Agreement	Minerales has also granted to the Company the exclusive right to purchase a 100% interest in the property at any time during the term of the agreement (or any renewal thereof), upon payment of $8 million within 15 days of the Company’s notice of election to acquire the property. The purchase would be subject to a separate purchase agreement for the legal transfer of the property
9 Concessions [Member] | Durango, Mexico [Member] | Gomez Palacio property [Member]
Statement [Line Items]
Area Of Exploitation Concessions | ft²				2,549	2,549
Concessions One [Member] | Durango, Mexico [Member] | Santiago Papasquiaro property [Member]
Statement [Line Items]
Area Of Exploitation Concessions | ft²				602.9	602.9
Avino Mine Area Property [Member] | 4 Concessions [Member] | Durango, Mexico [Member]
Statement [Line Items]
Area Of Exploitation Concessions | ft²				154.4	154.4
Avino Mine Area Property [Member] | 1 Concessions [Member] | Durango, Mexico [Member]
Statement [Line Items]
Area Of Exploitation Concessions | ft²				98.83	98.83
Avino Mine Area Property [Member] | 24 Concessions [Member] | Durango, Mexico [Member]
Statement [Line Items]
Area Of Exploitation Concessions | ft²				1,284.7	1,284.7
Number Of Exploitation Concessions | integer				24	24
Mayo Mining Division [Member] | Yukon, Canada [Member] | Eagle property option agreement [Member]
Statement [Line Items]
Ownership Percentage	100%
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
Avino, Mexico [Member]
Statement [Line Items]
Exploration Expenditures Properties		$ 11,052,000		$ 11,828,000		10,051,000
Warrants Purchase | shares	750,000
Warrants Premium	25%
Option Description	Endurance is successful in defining a compliant mineral resource of at least 500,000 gold-equivalent ounces on the Olympic Claims then Endurance will be obliged to pay Avino a C$1,000 discovery bonus
Number Of Mineral Claims Owned By Avino Mexico | integer	42
La Preciosa, Mexico [Member]
Statement [Line Items]
Area Of Exploitation Concessions | ft²				6,011	6,011
Exploration Expenditures Properties		$ 0		$ 37,975,000		$ 0
Number Of Exploitation Concessions | integer				15	15

NONCONTROLLING INTEREST (Detail

NONCONTROLLING INTEREST (Details Narrative)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
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, 2022	Dec. 31, 2021
Mining Property [Member]
Statement [Line Items]
Beginning Balance	$ 13,038,000	$ 13,149,000
Additions/ Transfers	1,649,000	(113,000)
Writendowns	0
Effect Of Movements In Exchange Rates	0	2,000
Ending Balance	14,687,000	13,038,000
Accumulated Depletion And Depreciation, Beginning Balance	8,856,000	8,643,000
Accumulated Depletion And Depreciation, Additions / Transfers	250,000	213,000
Accumulated Depletion And Depreciation, Effect Of Movements In Exchange Rates		0
Accumulated Depletion And Depreciation, Wrritedowns	0
Accumulated Depletion And Depreciation, Ending Balance	9,106,000	8,856,000
Net book value, Beginning	4,506,000
Net book value, Ending	5,581,000	4,182,000
Computer equipment [member]
Statement [Line Items]
Beginning Balance	335,000	347,000
Additions/ Transfers	441,000	(12,000)
Writendowns	0
Effect Of Movements In Exchange Rates	(2,000)	0
Ending Balance	774,000	335,000
Accumulated Depletion And Depreciation, Beginning Balance	267,000	256,000
Accumulated Depletion And Depreciation, Additions / Transfers	331,000	11,000
Accumulated Depletion And Depreciation, Effect Of Movements In Exchange Rates		0
Accumulated Depletion And Depreciation, Wrritedowns	0
Accumulated Depletion And Depreciation, Ending Balance	598,000	267,000
Net book value, Beginning	91,000
Net book value, Ending	176,000	68,000
Mill machinery and processing equipment [Member]
Statement [Line Items]
Beginning Balance	18,613,000	17,483,000
Additions/ Transfers	4,781,000	1,130,000
Writendowns	(100,000)
Effect Of Movements In Exchange Rates	0	0
Ending Balance	23,294,000	18,613,000
Accumulated Depletion And Depreciation, Beginning Balance	6,667,000	5,297,000
Accumulated Depletion And Depreciation, Additions / Transfers	146,000	1,370,000
Accumulated Depletion And Depreciation, Effect Of Movements In Exchange Rates		0
Accumulated Depletion And Depreciation, Wrritedowns	(80,000)
Accumulated Depletion And Depreciation, Ending Balance	6,733,000	6,667,000
Net book value, Beginning	12,186,000
Net book value, Ending	16,561,000	11,946,000
Buildings and construction in process [Member]
Statement [Line Items]
Beginning Balance	11,778,000	11,263,000
Additions/ Transfers	2,907,000	508,000
Writendowns	0
Effect Of Movements In Exchange Rates	8,000	7,000
Ending Balance	14,693,000	11,778,000
Accumulated Depletion And Depreciation, Beginning Balance	1,896,000	1,624,000
Accumulated Depletion And Depreciation, Additions / Transfers	1,133,000	272,000
Accumulated Depletion And Depreciation, Effect Of Movements In Exchange Rates		0
Accumulated Depletion And Depreciation, Wrritedowns	0
Accumulated Depletion And Depreciation, Ending Balance	3,029,000	1,896,000
Net book value, Beginning	9,639,000
Net book value, Ending	11,664,000	9,882,000
Plant, Eqipment and mining properties [Member]
Statement [Line Items]
Beginning Balance	58,599,000	55,760,000
Additions/ Transfers	12,346,000	2,829,000
Writendowns	(1,792,000)
Effect Of Movements In Exchange Rates	(12,000)	10,000
Ending Balance	69,141,000	58,599,000
Accumulated Depletion And Depreciation, Beginning Balance	22,924,000	20,914,000
Accumulated Depletion And Depreciation, Additions / Transfers	3,623,000	2,010,000
Accumulated Depletion And Depreciation, Effect Of Movements In Exchange Rates		0
Accumulated Depletion And Depreciation, Wrritedowns	(1,462,000)
Accumulated Depletion And Depreciation, Ending Balance	25,085,000	22,924,000
Net book value, Beginning	34,846,000
Net book value, Ending	44,056,000	35,675,000
Office Equipment Furniture And Fixtures [Member]
Statement [Line Items]
Beginning Balance	595,000	563,000
Additions/ Transfers	185,000	31,000
Writendowns	0
Effect Of Movements In Exchange Rates	(17,000)	1,000
Ending Balance	763,000	595,000
Accumulated Depletion And Depreciation, Beginning Balance	294,000	187,000
Accumulated Depletion And Depreciation, Additions / Transfers	147,000	107,000
Accumulated Depletion And Depreciation, Effect Of Movements In Exchange Rates		0
Accumulated Depletion And Depreciation, Wrritedowns	0
Accumulated Depletion And Depreciation, Ending Balance	441,000	294,000
Net book value, Beginning	376,000
Net book value, Ending	322,000	301,000
Mine Machinery And Transportation Equipment [Member]
Statement [Line Items]
Beginning Balance	14,240,000	12,955,000
Additions/ Transfers	2,383,000	1,285,000
Writendowns	(1,692,000)
Effect Of Movements In Exchange Rates	(1,000)	0
Ending Balance	14,930,000	14,240,000
Accumulated Depletion And Depreciation, Beginning Balance	4,944,000	4,907,000
Accumulated Depletion And Depreciation, Additions / Transfers	1,616,000	37,000
Accumulated Depletion And Depreciation, Effect Of Movements In Exchange Rates		0
Accumulated Depletion And Depreciation, Wrritedowns	(1,382,000)
Accumulated Depletion And Depreciation, Ending Balance	5,178,000	4,944,000
Net book value, Beginning	8,048,000
Nnet book value, Ending	$ 9,752,000	$ 9,296,000

PLANT EQUIPMENT AND MINING PR_4

PLANT EQUIPMENT AND MINING PROPERTIES (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets Under Construction	$ 3,817	$ 6,348
Property Plant Equipment, Net Carrying Amount	2,417	$ 1,306
Property Plant Equipment, Write down	$ 330

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND BALANCES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Salaries, Benefits, And Consulting Fees	$ 1,228	$ 1,021
Share-based Payments	1,566	1,188
Total Key Management Personnel Compensation	$ 2,794	$ 2,209

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND BALANCES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Total amounts due to related parties	$ 28	$ 163
Oniva International Services Corp. [Member]
Statement [Line Items]
Due To Related Parties	100	107
Directors [Member]
Statement [Line Items]
Due To Related Parties	0	56
Silver Wolf Exploration Ltd. [Member]
Statement [Line Items]
Due To Related Parties	$ (72)	$ 0

RELATED PARTY TRANSACTIONS AN_5

RELATED PARTY TRANSACTIONS AND BALANCES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Salaries And Benefits	$ 1,228	$ 1,021
Office And Miscellaneous	1,189	647
Oniva International Services Corp. [Member]
Statement [Line Items]
Salaries And Benefits	878	766
Office And Miscellaneous	461	403
Total Cost	$ 1,339	$ 1,169

RELATED PARTY TRANSACTIONS AN_6

RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Salaries, Benefits, And Consulting Fees	$ 1,228	$ 1,021
ICC [Member]
Statement [Line Items]
Salaries, Benefits, And Consulting Fees	$ 326	$ 239

NOTE PAYABLE (Details)

NOTE PAYABLE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Note Payable At Beginning Of The Period	$ 0	$ 0
Additions	4,665	0
Repayments	0	0
Unwinding Of Fair Value Adjustment	261	0
Note Payable At Ending Of The Period	$ 4,926	$ 0

NOTE PAYABLE (Details Narrative

NOTE PAYABLE (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Present value of notes payable	$ 4,665
Discount Interest Rate	6.71%
Promissory Note Payable Issued	$ 5,000
Bear Interest Rate	7%
Increasing Principal Amount	$ 1,000

WARRANT LIABILITY (Details)

WARRANT LIABILITY (Details) - Warrants [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Balance At Beginning Of The Year	$ 741,000	$ 2,295,000
Warrants Issued	2,240,000	0
Fair Value Adjustment	(2,395,000)	(1,581,000)
Effect Of Movement In Exchange Rates	(111,000)	27,000
Balance At End Of The Year	$ 475,000	$ 741,000

WARRANT LIABILITY (Details 1)

WARRANT LIABILITY (Details 1) - Warrants [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Outstanding And Exercisable Underlying Shares, Beginning	1,950,412	2,980,774
Warrants Exercised, Underlying Share		$ (1,030,362)
Warrants Issued, Underlying Shares	7,000,000
Outstanding And Exercisable Underlying Shares, Ending	8,950,412	1,950,412
Outstanding And Exercisable Weighted Average Exercise Price, Beginning	$ 0.80	$ 0.80
Warrants Excersied Weighte Average Exercised		0.80
Warrants Issued, Weighted Average Exercised	1.09
Outstanding And Exercisable Weighted Average Exercise Price, Ending	$ 1.03	$ 0.80

WARRANT LIABILITY (Details 2)

WARRANT LIABILITY (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Warrants Outstanding And Exercisable	8,950,412	1,950,412
September 21, 2023 [Member]
Statement [Line Items]
Warrants Outstanding And Exercisable	7,000,000	0
Expiry Date	Sep. 21, 2023
Exercise Price	$ 1.09
September 25, 2023 [Member]
Statement [Line Items]
Warrants Outstanding And Exercisable	1,950,412	1,950,412
Expiry Date	Sep. 25, 2023
Exercise Price	$ 0.80

WARRANT LIABILITY (Details 3)

WARRANT LIABILITY (Details 3) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Weighted Average Assumptions:
Risk-free Interest Rate	4.07%	0.91%
Expected Dividend Yield	0%	0%
Expected Option Life (years)	8 months 23 days	1 year 8 months 23 days
Expected Stock Price Volatility	56.80%	83.13%
Weighted Average Fair Value	$ 0.05	$ 0.38

WARRANT LIABILITY (Details Narr

WARRANT LIABILITY (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Weighted Average Remaining Contractual Life (years)	8 months 23 days	1 year 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, 2022	Dec. 31, 2021
RECLAMATION PROVISION
Balance At Beginning Of The Year	$ 726	$ 808
Changes In Estimates	(364)	(105)
Unwinding Of Discount Related To Continuing Operations	44	47
Effect Of Movements In Exchange Rates	39	(24)
Balance At End Of The Year	$ 445	$ 726

RECLAMATION PROVISION (Details

RECLAMATION PROVISION (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Management's estimate one [Member]
Statement [Line Items]
Risk Free Interest Rate	9.65%	7.78%
Inflation Rate	7.82%	7.36%
Management's Estimate [Member]
Statement [Line Items]
Reclamation Provision	$ 445	$ 726
Reclamation Provision Undiscounted Value	$ 1,454	$ 1,252

SHARE CAPITAL AND SHAREBASED _3

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details) - Stock options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Stock Options Outstanding, Beginning	2,839,000	3,483,000
Granted	2,390,000
Expired	(880,000)	(360,000)
Exercised	(48,000)	(264,000)
Cancelled / Forfeited	(45,000)	(20,000)
Stock Options Outstanding, Ending	4,256,000	2,839,000
Stock Options Exercisable	3,658,500
Outstanding And Exercisable Weighted Average Exercise Price, Beginning	$ 1.68	$ 1.77
Weighted Average Exercise Price, Granted	1.20
Weighted Average Exercise Price, Expired	1.98	2.95
Weighted Average Exercise Price, Exercised	0.79	1.16
Weighted Average Exercise Price, Cancelled / Forfeited	1.40	1.64
Outstanding And Exercisable Weighted Average Exercise Price, Ending	1.36	$ 1.68
Weighted Average Exercise Price, Stock Options Exercisable	$ 1.39

SHARE CAPITAL AND SHAREBASED _4

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 1)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Stock options [Member]
Statement [Line Items]
Stock Options Exercisable	3,658,500
Stock Options Outstanding	4,256,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	3 years 5 months 4 days
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	3 years 5 months 4 days
Stock options [Member] | August 21, 2024 [Member]
Statement [Line Items]
Expiry Date	Aug. 21, 2024
Stock Options Exercisable	126,000
Exercise Price | $ / shares	$ 0.79
Stock Options Outstanding	126,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	1 year 7 months 20 days
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	1 year 7 months 20 days
Stock options [Member] | August 4, 2025 [Member]
Statement [Line Items]
Expiry Date	Aug. 04, 2025
Stock Options Exercisable	1,660,000
Exercise Price | $ / shares	$ 1.64
Stock Options Outstanding	1,660,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	2 years 7 months 2 days
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	2 years 7 months 2 days
Stock options [Member] | March 25, 2027 [Member]
Statement [Line Items]
Expiry Date	Mar. 25, 2027
Stock Options Exercisable	1,755,000
Exercise Price | $ / shares	$ 1.20
Stock Options Outstanding	2,340,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	4 years 2 months 23 days
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	4 years 2 months 23 days
Stock options [Member] | August 28, 2023 [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	7 months 28 days
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	7 months 28 days
Stock Option [Member] | May 4, 2027 [Member]
Statement [Line Items]
Expiry Date	May 04, 2027
Stock Options Exercisable	12,500
Stock Options Outstanding	25,000
Weighted Average Remaining Contractual Life (years), Stock Options Exercisable	4 years 4 months 2 days
Weighted Average Remaining Contractual Life (years), Stock Options Outstanding	4 years 4 months 2 days
Exercise price | $ / shares	$ 0.92

SHARE CAPITAL AND SHAREBASED _5

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Expected option life (years)	8 months 23 days	1 year 8 months 23 days
Weighted Average Fair Value	$ 0.05	$ 0.38
Stock options [Member]
Statement [Line Items]
Risk-free Interest Rate	2.49%	0%
Expected Dividend Yield	0%	0%
Expected option life (years)	5 years
Expected Stock Price Volatility	59.98%	0%
Expected Forfeiture Rate	20%	0%
Weighted Average Fair Value	$ 0.63	$ 0

SHARE CAPITAL AND SHAREBASED _6

SHARE CAPITAL AND SHAREBASED PAYMENTS (Detail 3) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Outstanding And Exercisable Underlying Shares, Ending	8,950,412	1,950,412
Outstanding And Exercisable Underlying Shares, Beginning	1,950,412
Restricted Share Units [Member]
Statement [Line Items]
Exercised	(982,879)	(1,330,167)
Granted	1,799,000
Cancelled/Forfeited	(64,932)	(104,356)
Outstanding And Exercisable Underlying Shares, Ending	2,190,666	1,439,477
Outstanding And Exercisable Weighted Average Exercise Price, Beginning	$ 1.32	$ 1.28
Weighted Average Exercise Price, Granted	$ 1.19
Outstanding And Exercisable Underlying Shares, Beginning	1,439,477	2,874,000
Weighted Average Exercise Price, Exercised	$ 1.18	$ 1.22
Weighted Average Exercise Price, Cancelled/Forfeited	1.40	1.54
Outstanding And Exercisable Weighted Average Exercise Price, Ending	$ 1.27	$ 1.32

SHARE CAPITAL AND SHAREBASED _7

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 4) - Restricted Share Units [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Statement [Line Items]
Stock Options Outstanding	2,190,666
August 4, 2020 [Member]
Statement [Line Items]
Exercise Price | $ / shares	$ 1.64
Stock Options Outstanding	412,666
Issuance Date	Aug. 04, 2020
March 25, 2022 [Member]
Statement [Line Items]
Exercise Price | $ / shares	$ 1.19
Stock Options Outstanding	1,778,000
Issuance Date	Mar. 25, 2022

SHARE CAPITAL AND SHAREBASED _8

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details 5) - Earning loss Per Share [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Net income (loss) from continuing operations for the period	$ 3,096,000	$ (2,057,000)
Net income (loss) for the period	$ 3,096,000	$ (2,057,000)
Basic weighted average number of shares outstanding	114,372,371	100,161,357
Effect of dilutive share options, warrants, and RSUs ('000)	3,243,527
Diluted weighted average number of shares outstanding	117,615,898	100,161,137
Basic and diluted earnings (loss) from continuing operations per share	$ 0.03	$ (0.02)
Basic and diluted earnings (loss) per share	$ 0.03	$ (0.02)

SHARE CAPITAL AND SHAREBASED _9

SHARE CAPITAL AND SHAREBASED PAYMENTS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Statement [Line Items]
Gross Proceeds On Cash Commission		$ 523,000
Net Proceeds		$ 18,497,000
Fair Value Of Stock Options Granted, Share-based Payments	$ 869,000
Restricted Share Units	1,799,000	0
Weighted Average Fair Value Per Share	$ 1.19
Share-based Payments	$ 1,155,000	$ 1,107,000
Share-based Payments	2,024,000	1,469,000
Share Capital Two [Member]
Statement [Line Items]
Gross Proceeds On Cash Commission		$ 237,000
Common Shares Issued		264,000,000
Exercise Of Warrants		264,000,000
Share-based Payments	$ 980,000	$ 364,000
Fair Value Upon Issuance Of Warrants		$ 127,000
Share Capital [Member]
Statement [Line Items]
Common Shares Issued	48,000	10,050,000	14,000,000
Exercise Of Warrants	48,000	1,030,362
Share-based Payments	$ 46,000	$ 1,911,000
Share issued for service			$ 1,075,000
Cash Commission, Percent		2.75%
Realized Loss On Exercise Of Warrants		$ 1,106,000
Common Stock, Shares Issued During Period Upon Exercise Of Rsus, Shares		1,030,362
Market Offering Under Prospectus Supplements, Amount		$ 19,020,000
Additional Share Issuance Cost	15,000	400,000
Proceeds From Excercise Of Warrants	$ 31,000	824,000
Foreign Exchange Amount		$ (19,000)
Share Capital Three [Member]
Statement [Line Items]
Common Shares Issued	982,879
Share-based Payments	$ 899,000

REVENUE AND COST OF SALES (Deta

REVENUE AND COST OF SALES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
REVENUE AND COST OF SALES
Concentrate Sales	$ 43,648,000	$ 11,208,000
Provisional Pricing Adjustments	539,000	20,000
Total Revenue	$ 44,187,000	$ 11,228,000

REVENUE AND COST OF SALES (De_2

REVENUE AND COST OF SALES (Details1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
REVENUE AND COST OF SALES
Production costs	$ 26,749	$ 4,905
Stand-by and ramp-up costs	0	800
Write down of equipment	330	0
Depreciation and depletion	2,046	1,976
Total cost	$ 29,125	$ 7,681

GENERAL AND ADMINISTRATIVE EX_3

GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Salaries And Benefits	$ 1,892	$ 1,277
Office And Miscellaneous	1,189	647
Professional Fees	713	402
Management And Consulting Fees	499	451
Investor Relations	303	227
Directors Fees	153	182
Regulatory And Compliance Fees	146	170
Depreciation	140	140
Travel And Promotion	121	70
General And Administrative Expenses	$ 5,156	$ 3,566

COMMITMENTS (Details)

COMMITMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Minimum Rental And Lease Payments	$ 850	$ 888
Later than five years [member]
Statement [Line Items]
Minimum Rental And Lease Payments	398	462
Not later than one year [member]
Statement [Line Items]
Minimum Rental And Lease Payments	105	96
Later than one year and not later than five years [member]
Statement [Line Items]
Minimum Rental And Lease Payments	$ 347	$ 330

COMMITMENTS (Details Narrative)

COMMITMENTS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Office Lease Payments Recognized As Expense	$ 18	$ 16

SUPPLEMENTARY CASH FLOW INFORMA

SUPPLEMENTARY CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net change in non-cash working capital items:
Accounts payable and accrued liabilities	$ 3,603	$ 1,240
Prepaid expenses and other assets	(904)	(203)
Amounts receivable	(1,464)	(680)
Taxes payable	863	25
Amounts due to related parties	(127)	8
Taxes recoverable	71	1,727
Inventory	(998)	(3,664)
Net change in non-cash working capital	$ 1,044	$ 1,547

SUPPLEMENTARY CASH FLOW INFOR_2

SUPPLEMENTARY CASH FLOW INFORMATION (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest paid	$ 92	$ 92
Taxes paid	14	589
Equipment acquired under finance leases and equipment loans	$ 106	$ 581

SUPPLEMENTARY CASH FLOW INFOR_3

SUPPLEMENTARY CASH FLOW INFORMATION (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Acquisition of La Preciosa, net of cash & transaction costs	$ 21,535	$ 0
Shares acquired under terms of option agreements	83	109
Transfer of share-based payments reserve upon exercise of RSUs	899	1,278
Transfer of share-based payments reserve upon option exercise	15	126
Transfer of share-based payments reserve upon option cancellation or expiry	831	443
Equipment acquired under finance leases and equipment loans	1,827	1,058
Non-cash investing and financing activities	$ 25,190	$ 3,014

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Accounts Payable And Accrued Liabilities	$ 9,469,000	$ 3,260,000
Amounts Due To Related Parties	28,000	$ 163,000
Less Than One Year [Member]
Statement [Line Items]
Accounts Payable And Accrued Liabilities	9,469,000
Amounts Due To Related Parties	28,000
Note Payable	5,000,000
Minimum rental and lease payments	105,000
Finance Lease Obligations	1,043,000
Total	15,645,000
Financial Instruments [Member]
Statement [Line Items]
Accounts Payable And Accrued Liabilities	9,469,000
Amounts Due To Related Parties	28,000
Note Payable	5,000,000
Minimum rental and lease payments	850,000
Finance Lease Obligations	1,819,000
Total	17,166,000
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
Note Payable	0
Minimum rental and lease payments	347,000
Finance Lease Obligations	776,000
Total	1,123,000
More Than 5 Years [Member]
Statement [Line Items]
Accounts Payable And Accrued Liabilities	0
Amounts Due To Related Parties	0
Note Payable	0
Minimum rental and lease payments	398,000
Finance Lease Obligations	0
Total	$ 398,000

FINANCIAL INSTRUMENTS (Details

FINANCIAL INSTRUMENTS (Details 1) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Long-term Investments	$ 1,746,000	$ 3,939,000
Amounts Receivable	2,672,000	1,208,000
Accounts Payable And Accrued Liabilities	9,469,000	3,260,000
Due To Related Parties	28,000	163,000
MXN [Member]
Statement [Line Items]
Cash	4,097,000	3,576,000
Due from related parties	1,402,000	0
Long-term Investments	0	0
Reclamation Bonds	0	0
Amounts Receivable	0	0
Accounts Payable And Accrued Liabilities	(85,486,000)	(57,604,000)
Due To Related Parties	0	0
Finance Lease Obligations	(161,000)	(1,000)
Net Exposure	(80,148,000)	(54,029,000)
Us Dollar Equivalent	(4,136,000)	(2,363,000)
CDN [Member]
Statement [Line Items]
Cash	250,000	1,450,000
Due from related parties	0
Long-term Investments	2,365,000	4,976,000
Reclamation Bonds	4,000	6,000
Amounts Receivable	34,000	33,000
Accounts Payable And Accrued Liabilities	(108,000)	(211,000)
Due To Related Parties	(135,000)	(206,000)
Finance Lease Obligations	(343,000)	(394,000)
Net Exposure	2,067,000	5,654,000
Us Dollar Equivalent	$ 1,526,000	$ (4,054,000)

FINANCIAL INSTRUMENTS (Detail_2

FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement [Line Items]
Amounts Receivable	$ 2,672	$ 1,208
Long-term Investments	1,746	$ 3,939
Level 1 of fair value hierarchy [member]
Statement [Line Items]
Cash	11,245
Amounts Receivable	0
Long-term Investments	1,746
Total Financial Assets	12,991
Warrant Liability	0
Total Financial Liabilities	0
Level 2 of fair value hierarchy [member]
Statement [Line Items]
Cash	0
Amounts Receivable	2,672
Long-term Investments	0
Total Financial Assets	2,672
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	0
Total Financial Assets	0
Warrant Liability	(475)
Total Financial Liabilities	$ (475)

FINANCIAL INSTRUMENTS (Detail_3

FINANCIAL INSTRUMENTS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Liquidity Risk [Member]
Statement [Line Items]
Cash	$ 11,245
Working Capital	$ 12,083
Foreign Currency Risk [Member]
Statement [Line Items]
Asset And Liability Exposure, Description	A 10% change in the interest rate would not result in a material impact on the Company’s operations
Impact On Net Earning (loss)	$ 275	$ 143
Price Risk [Member]
Statement [Line Items]
Impact On Net Earning (loss)	65	26
Price Risk [Member] | Long-term investments [Member]
Statement [Line Items]
Impact On Net Earning (loss)	$ 175	$ 330

CAPITAL MANAGEMENT (Details)

CAPITAL MANAGEMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity	$ 98,021	$ 78,507	$ 59,008
Note payable	4,926	0
Finance lease obligations	1,716	1,069
Total capital	$ 104,663	$ 79,576

SEGMENTED INFORMATION (Details)

SEGMENTED INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Silver	$ 16,570,000	$ 3,421,000
Gold	25,875,000	4,344,000
Copper	10,258,000	5,566,000
Penalties, Treatment Costs And Refining Charges	(8,516,000)	(2,103,000)
Total Revenue From Mining Operations	$ 44,187,000	$ 11,228,000

SEGMENTED INFORMATION (Details

SEGMENTED INFORMATION (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Customer 1	$ 39,911,000	$ 5,521,000
Customer 2	3,479,000	3,045,000
Other Customer	797,000	2,662,000
Total Revenue From Mining Operations	$ 44,187,000	$ 11,228,000

SEGMENTED INFORMATION (Detail_2

SEGMENTED INFORMATION (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Exploration And Evaluation Assets - Mexico	$ 46,541	$ 11,052
Exploration And Evaluation Assets - Canada	1	1
Total Exploration And Evaluation Assets	$ 46,542	$ 11,053

SEGMENTED INFORMATION (Detail_3

SEGMENTED INFORMATION (Details 3) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Plant, Equipment And Mining Properties - Mexico	$ 43,812	$ 35,390
Plant, Equipment And Mining Properties - Canada	244	285
Total Plant, Equipment And Mining Properties	$ 44,056	$ 35,675

SEGMENTED INFORMATION (Detail_4

SEGMENTED INFORMATION (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total Revenue From Mining Operations	$ 44,187	$ 11,228

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
INCOME TAXES
Current income tax expense	$ 1,144	$ 27
Deferred income tax recovery	3,440	412
Total income tax expense (recovery)	$ 4,584	$ 439

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
INCOME TAXES
Net loss from continuing operations before income taxes	$ 7,680	$ (1,618)
Net loss from discontinued operations before income taxes	0	0
Net income (loss) before income taxes	$ 7,680	$ (1,618)
Combined statutory tax rate	27%	27%
Income tax expense (recovery) at the Canadian statutory rate	$ 2,074	$ (437)
Reconciling items:
Effect of difference in foreign tax rates	326	11
Non-deductible/non-taxable items	1,205	675
Change in unrecognized deductible temporary differences	1,169	122
Impact of foreign exchange	(351)	75
Special mining duties	385	17
Revisions to estimates	(215)	313
Share issue costs	(3)	(249)
Other items	(6)	(88)
Income tax expense recognized in the year	$ 4,584	$ 439

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
INCOME TAXES
Deferred income tax assets	$ 1,426	$ 4,341
Deferred income tax liabilities	(6,647)	(6,122)
Total deferred income tax assets and liabilities	$ (5,221)	$ (1,781)

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Exploration and evaluation assets	$ 49,804,000	$ 11,053,000	$ 10,052,000
Plant, equipment and mining properties	44,056,000	35,675,000
Deferred income tax assets and liabilities [Member]
Statement [Line Items]
Reclamation provision	167,000	272,000
Non-capital losses	0	3,525,000
Other deductible temporary differences	1,259,000	543,000
Exploration and evaluation assets	(3,310,000)	(3,326,000)
Plant, equipment and mining properties	(3,337,000)	(2,795,000)
Net deferred income tax liabilities	$ (5,221,000)	$ (1,781,000)

INCOME TAXES (Details 4)

INCOME TAXES (Details 4) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Plant, equipment and mining properties	$ 44,056,000	$ 35,675,000
Exploration and evaluation assets	49,804,000	11,053,000	$ 10,052,000
Unrecognized deductible temporary differences [Member]
Statement [Line Items]
Tax losses carried forward - Canada	20,370,000	17,968,000
Tax losses carried forward - Mexico	42,575,000	0
Share issue costs	841,000	1,478,000
Plant, equipment and mining properties	411,000	341,000
Exploration and evaluation assets	1,156,000	1,244,000
Investments	1,289,000	(15,000)
Unrecognized deductible temporary differences	$ 66,642,000	$ 21,016,000

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement [Line Items]
Non-cash expense	$ 408,000	$ 0	$ (164,000)
Capital losses carried forward	12,637,000
Mexican [Member]
Statement [Line Items]
Non-capital tax losses carried forward	$ 42,575,000
Non-capital losses expiry date range	2023 to 2032
Canadian [Member]
Statement [Line Items]
Non-capital tax losses carried forward	$ 7,733,000
Non-capital losses expiry date range	2023 to 2042

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) $ in Thousands	1 Months Ended
	Mar. 24, 2023 USD ($) shares	Mar. 24, 2023 CAD ($) shares	Mar. 21, 2023 USD ($)
SUBSEQUENT EVENTS
Cash commission	$ 6
Issue of common share | shares	253,700	253,700
Receive of second anniversary payment share | shares	500,000	500,000
Gross proceeds from issue of share	$ 207
Cash consideration		$ 250
Payment of outstanding note payable			$ 5,000