Avino Silver & Gold Mines Ltd.

Welcome to the Aveeno Silver and Goldmine's second quarter 2025 financial results conference call and webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference, you may signal an operator by pressing star and zero. I would now like to turn the conference over to Jennifer North, Head of Investor Relations. Please go ahead.

Thank you, Operator. Good morning, everyone, and welcome to the Avino Silver and Gold Mines Limited Second Quarter Financial Results Conference Call and Webcast. To join this webcast and call, there is a link in our news release dated July 22, 2025, and in our news release of yesterday's date, which can be found on the website under News 2025. In addition, a link can be found on the homepage of the Avino website. On the call today, we have the company's president and CEO, David Wolfen, our chief financial officer, Nathan Hart, our chief operating officer, Carlos Rodriguez, and our VP, Technical Services, Peter Latta. Before we get started, please note that certain statements made today on this call by the management team may include forward looking information within the meaning of applicable securities laws. Forward looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different than those expressed by or implied by such forward looking statements. The company does not intend to and does not assume any obligation to update such forward looking statements or information. other than is required by applicable law. For more information, we refer you to our detailed cautionary note in the presentation related to this call or on our press release of yesterday's date. The full financial statements in MD&A are now available on our website under the Investors tab, and then click on Financial Statements. In addition, the full statements are available on Aveeno's profile on CDAR Plus and on EDGAR. I would like to remind everyone that this conference call is being recorded and will be available for replay later today. Replay information and the presentation slides from this call and webcast will be available on our website. Also, please note that all figures stated are in U.S. dollars unless otherwise noted. Thank you. I will now hand over the call to Aveeno's President and CEO, David Wolfen. David?

Thanks, Jen. Good morning, everyone, and welcome to Aveeno's second quarter 2025 financial results conference call and webcast. We will cover the highlights of our financial and operating performance, and then we'll go over the work that we are currently doing, followed by a Q&A. I will start with the discussion on operations, and then I will turn it over to Nathan Hart, Aveeno's CFO, to discuss the financial performance for the period. And then Jennifer North, our Head of Investor Relations, will present an overview of Q2 CSR ESG initiatives. Please turn to slide five for Q2 2025 highlights. Aveeno delivered another quarter of strong financial performance, posting robust revenues, higher operating margins, improved cost metrics, and increased working capital, demonstrating strength across several key financial metrics. Nathan will provide a detailed overview of the financials later in the call. The second quarter results build on financial success we saw in the first quarter. With confidence in our strategic direction, we are focused on sustaining our momentum and reaching our new milestones. Our balance sheet remains strong, with just over $37 million in cash at the end of June and working capital of over $40 million at the end of the quarter. Our operations team continues to drive meaningful cost improvements while development of La Preciosa is progressing according to plan. Backed by strong operational performance, Avino remains firmly on track to deliver long-term growth for all stakeholders and shareholders. Moving on to slide six, we turn to our Q2 2025 production results that were released in mid-July showing that we've maintained strong production momentum through the first half of the year. Compared to Q2 2024, the results were as follows. Silver equivalent production increased by 5%, almost 646,000 silver equivalent ounces in Q2. The increase was driven by significantly improved mill availability. Avino achieved record mill throughput of 190,987 tons of material processed, a 36% increase from Q2 of last year. Gold production increased by 17% as a result of the increased tons processed, as well as improvements in gold recoveries 74% from 70% in Q2 2024. Copper production increased by 12%, reaching 1.5 million pounds of copper in Q2. Silver production for the quarter was just under 284,000 ounces, representing a slight decrease of 3% compared to Q2 2024. During the quarter, feed grade for the three metals were lower than the previous quarter as our mine sequencing put us in a lower grade area. Please turn to slide 7, which highlights the Q2 updates. The highlights of the quarter was achieving the highest mill throughput in Aveeno's history, a milestone made possible by previous plant upgrades, automation enhancements, and the exceptional work of our operations team. Additionally, efficiency improvements implemented in earlier periods are now yielding measurable and positive results. Moving on to La Preciosa. Lasting in construction of the relatively short 360 meter San Fernando main access decline is underway with expedited equipment mobilization which has allowed the development to advance on plan. The new jumbo drill is working on the ramp as it progresses towards intercepting the Gloria and Abundancia veins. Site services have been installed and an existing building has been renovated for site personnel. We are now halfway through the year and we are making steady progress towards the milestone of including La Preciosa material into our production profile. With strong performance at Divino Mine year to date, and the continued advancement at La Preciosa, we remain on track with our transformational growth strategy. Avino's 2025 annual production guidance is 2.5 to 2.8 million ounces of silver equivalent. Please turn to slide 8, where we will have photos of recent development activity, including a picture of the first blast. We are pleased with the progress we are making at La Preciosa and with operations at Aveeno. At this time, I will now hand it over to Nathan Hart, Aveeno's CFO, to present our record financial performance for Q2 2025. Nathan.