Avino Announces Financial Results for Q4 and Year End 2016

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Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE–MKT, GV6: FSE, “Avino” or “the Company”) is pleased to announce the consolidated financial results for the Company’s fourth quarter and year ended December 31, 2016. The financial statements and the management discussion and analysis can be viewed on the Company’s web site at http://www.avino.com, on SEDAR at http://www.sedar.com and on EDGAR at http://www.sec.gov. FOURTH QUARTER 2016 HIGHLIGHTS  Generated revenues of $12.0 million from the sale of San Gonzalo and Avino concentrates  Mine operating income amounted to $3.5 million an increase of 141% over the same period of 2015  Net income after taxes amounted to $1.2 million or a Basic EPS of $0.03  Produced 707,775 silver equivalent ounces, including 419,355 ounces of silver, 2,581 ounces of gold and 755,645 pounds of copper  Total consolidated cash1 cost was $11.50 (US$8.62) per payable silver ounce  Consolidated all-in sustaining cost (“AISC”)1 was $13.36 (US$10.01) per payable silver equivalent ounce, a 5% increase compared to $12.70 (US$9.51) per ounce in the fourth quarter of 2015  Average realized selling prices for silver and gold were US$16.69 and US$1,194 per ounce respectively  Cash of $15.8 million and short term investments consisting of cash of $13.4 million was on hand at the end of the quarter.

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