Sale of Metals and Related Costs	9 Months Ended
Sep. 30, 2013
Sale of Metals and Related Costs
Sale of Metals and Related Costs	16. Sale of Metals and Related Costs The Company produces marketable products including concentrates and precipitates at its Velardeña Operations. During the nine months ended September 30, 2013 the Company sold marketable products to five customers. Under the terms of the Company’s agreements with one precipitate customer, title does not pass to the purchaser until the product is received by the refinery, at which point revenue is recognized. For the Company’s other customers, title generally passes when a provisional payment is made, which occurs after the product is shipped and customary sales documents are completed. Costs related to the sale of metals products include direct and indirect costs incurred to mine, process and market the products. At September 30, 2012 the Company wrote down its metals inventory to net realizable value including a charge to the cost of metals sold of approximately $2.0 million and a charge to depreciation expense of approximately $0.6 million. Also included in cost of metals sold at September 30, 2013 is a $0.6 million charge related to workforce reduction severance costs incurred during the first quarter 2013. The Company suspended operations at its Velardeña mine effective June 19, 2013 (see Note 1).

16. Sale of Metals and Related Costs

The Company produces marketable products including concentrates and precipitates at its Velardeña Operations. During the nine months ended September 30, 2013 the Company sold marketable products to five customers. Under the terms of the Company’s agreements with one precipitate customer, title does not pass to the purchaser until the product is received by the refinery, at which point revenue is recognized. For the Company’s other customers, title generally passes when a provisional payment is made, which occurs after the product is shipped and customary sales documents are completed. Costs related to the sale of metals products include direct and indirect costs incurred to mine, process and market the products. At September 30, 2012 the Company wrote down its metals inventory to net realizable value including a charge to the cost of metals sold of approximately $2.0 million and a charge to depreciation expense of approximately $0.6 million. Also included in cost of metals sold at September 30, 2013 is a $0.6 million charge related to workforce reduction severance costs incurred during the first quarter 2013.

The Company suspended operations at its Velardeña mine effective June 19, 2013 (see Note 1).