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.

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.