La Preciosa Silver Royalty

Avino Silver and Gold Mines acquired La Preciosa from Coeur Mining in March 2022 with the intention to rapidly develop the Project as a satellite mine to Avino’s current operation, located 19km away. La Preciosa features prominently in Avino’s five-year plan and the company is targeting the commencement of production in 2024. The first phase of mine development will require technical equipment and materials that will be funded by growth capital.

Avino intends to ramp annual silver production from La Preciosa to circa 3 million ounces (“Moz”) by 2027, increasing to 3.5Moz in 2028 With a current total Mineral Resource estimate of 120Moz of silver and 224,000 ounces of gold, La Preciosa is expected to be a long-life asset with further expansion potential.
For more information on La Preciosa, visit the Avino Silver and Gold Mines website

Trident has a 1.25% NSR Royalty over the area covering the Gloria and Abundancia veins and a 2.00% GVR Royalty over the surrounding area. Additionally, Trident is entitled to a milestone payment of US$8.75 million from Avino within 12 months of first production. The milestone payment may be paid up to 50% in shares of Avino.