Avino Silver & Gold Mines (ASM) boosts Silver Wolf ownership stake

Rhea-AI Filing Summary

Avino Silver & Gold Mines Ltd. reported that it acquired 2,000,000 common shares of Silver Wolf Exploration Ltd. at a deemed price of C$0.20 per share, for a total value of C$400,000, under an existing option agreement dated August 12, 2020 and amended October 8, 2020.

Following this transaction, Avino held beneficial ownership of 9,307,052 Silver Wolf common shares, representing approximately 15.47% of Silver Wolf’s issued and outstanding common shares, as well as 2,916,677 warrants exercisable for 2,916,677 additional common shares. The information in this report is treated as “furnished” rather than “filed” for U.S. securities law purposes.

Insights

Mining equity analyst

Avino modestly increases its strategic equity stake in Silver Wolf.

Avino Silver & Gold Mines Ltd. acquired 2,000,000 common shares of Silver Wolf Exploration Ltd. at C$0.20 per share, for total consideration of C$400,000, under a pre-existing option agreement. This moves Avino to 9,307,052 Silver Wolf shares, or about 15.47% of Silver Wolf’s issued and outstanding common shares.

In addition to the equity stake, Avino holds 2,916,677 warrants exercisable for 2,916,677 Silver Wolf common shares, giving it further potential exposure if those warrants are exercised. The report also specifies that this information is “furnished” rather than “filed” under U.S. securities laws, which affects how it is incorporated into other regulatory documents but does not change the economics of the transaction.

Overall, the transaction size of C$400,000 appears modest in absolute terms and looks like a routine step under an existing option arrangement. Any longer-term impact will depend on Silver Wolf’s performance and Avino’s decisions about its warrants and equity position, which are not detailed here.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of December, 2025

Commission File Number: 001-35254

AVINO SILVER & GOLD MINES LTD.

Suite 900, 570 Granville Street, Vancouver, BC V6C 3P1

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

☐ Form 20-F    ☒  Form 40-F

Explanatory Note

Information Contained in this Form 6-K Report clarifies that information submitted with the Form 6-K is “furnished” versus filed. 

On December 16, Avino Silver & Gold Mines Ltd. submitted a  press release on Sedar+ announcing that it acquired 2,000,000 common shares of Silver Wolf Exploration Ltd. (“Silver Wolf”) at a deemed price of C$0.20 per common share for an aggregate value of C$400,000, pursuant to the terms of the option agreement with Silver Wolf dated August 12, 2020, as amended on October 8, 2020.  As a result of the acquisition, Avino had beneficial ownership of 9,307,052 common shares representing approximately 15.47% of the issued and outstanding common shares of Silver Wolf, and 2,916,677 warrants exercisable for 2,916,677 common shares.

The information contained in this report and the exhibit hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filings made by Avino Silver & Gold Mines Ltd. under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

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Exhibits

The following exhibits are filed as part of this Form 6-K.

Exhibit No.		Document
99.1		Press Release

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AVINO SILVER & GOLD MINES LTD.
Date: December 16, 2025	By:	/s/ Jennifer Trevitt
		Jennifer Trevitt
		Corporate Secretary

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FAQ

What transaction did Avino Silver & Gold Mines (ASM) report in December 2025?

Avino Silver & Gold Mines Ltd. reported that it acquired 2,000,000 common shares of Silver Wolf Exploration Ltd. at a deemed price of C$0.20 per share, for an aggregate value of C$400,000, under an existing option agreement.

What is Avino Silver & Gold Mines’ resulting ownership stake in Silver Wolf Exploration?

After the acquisition, Avino had beneficial ownership of 9,307,052 common shares of Silver Wolf Exploration Ltd., representing approximately 15.47% of Silver Wolf’s issued and outstanding common shares.

Does Avino Silver & Gold Mines hold any warrants in Silver Wolf Exploration?

Yes. Avino holds 2,916,677 warrants of Silver Wolf Exploration Ltd., which are exercisable for 2,916,677 additional common shares of Silver Wolf.

Under what agreement did Avino acquire the additional Silver Wolf shares?

The 2,000,000 Silver Wolf common shares were acquired pursuant to the terms of an option agreement dated August 12, 2020, as amended on October 8, 2020, between Avino and Silver Wolf.

How is the information in this Avino Silver & Gold Mines report treated under U.S. securities laws?

The report clarifies that the information is “furnished” rather than “filed” for purposes of Section 18 of the U.S. Securities Exchange Act of 1934 and is not automatically incorporated by reference into other Avino securities law filings.

What document was attached as an exhibit to this Avino Silver & Gold Mines report?

The report lists a single exhibit, Exhibit 99.1, identified as a press release relating to the Silver Wolf share acquisition.