18. 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 at the mine operating income or loss level, as well as on the basis of total comprehensive income. Effective December 31, 2025, it was determined that the Company has two reportable operating segments, located in Mexico (Avino and La Preciosa). The Company also has a Corporate segment located in Canada. Revenues, cost of sales, operating expenses, other items and income taxes are attributed to the operation in which they arise. Segment results are presented net of intersegment transactions where services are performed on behalf of other segments within the Company. There are no amounts unallocated to reportable segments. Previously, the Company only had one reportable segment. Following this change in the composition of reportable segments, the Company has restated the corresponding segment information for the three and nine months ended September 30, 2025.

The following tables represent the statement of operations and other comprehensive income by segment:

The following table represents information from the consolidated statement of financial position by segment:

On the consolidated statements of operations and other comprehensive income for the three months ended September 30, 2026 and 2025, the Company had revenue from the following product mixes, all deriving from its Mexico operations:

For the three and nine months ended September 30, 2026 and 2025, the Company had the following customers that accounted for total revenues as follows: