Sale of Metals and Cost of Metals Sold	12 Months Ended
Dec. 31, 2013
Sale of Metals and Cost of Metals Sold
Sale of Metals and Cost of Metals Sold	16. Sale of Metals and Cost of Metals Sold During the years ended December 31, 2013 and 2012, the Company sold marketable products including concentrates and precipitates from its Velardeña Properties. During 2012, the Company also sold doré products from its Velardeña Properties. During 2012 and 2013 the Company sold marketable products to five customers. Under the terms of the Company’s agreements with one doré and 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 generally 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 December 31, 2012, the Company had written down its metals inventory to net realizable value including a charge to the cost of metals sold of approximately $2.7 million and a charge to depreciation expense of approximately $0.8 million. The Company had no metals inventory at December 31, 2013 as a result of the suspension of mining and processing at its Velardeña Properties (see Note 1).

16. Sale of Metals and Cost of Metals Sold

During the years ended December 31, 2013 and 2012, the Company sold marketable products including concentrates and precipitates from its Velardeña Properties. During 2012, the Company also sold doré products from its Velardeña Properties. During 2012 and 2013 the Company sold marketable products to five customers. Under the terms of the Company’s agreements with one doré and 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 generally 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 December 31, 2012, the Company had written down its metals inventory to net realizable value including a charge to the cost of metals sold of approximately $2.7 million and a charge to depreciation expense of approximately $0.8 million. The Company had no metals inventory at December 31, 2013 as a result of the suspension of mining and processing at its Velardeña Properties (see Note 1).