Revenue

12 Months Ended

Dec. 31, 2022

Revenue

Revenue

2. Revenue

The Company derives its revenue from the sale of doré and concentrates. The following table presents the Company’s net sales disaggregated by source:

	For the year ended December 31,
	2022		2021
	(in thousands)
Doré sales, net
Gold	$	7,997	$	8,120
Silver		230		678
Less: Refining charges		(59)		(136)
Total doré sales, net		8,168		8,662
Concentrate sales
Gold		46,322		32,593
Silver		22,527		26,095
Copper		11,987		13,495
Lead		11,626		13,442
Zinc		50,470		41,256
Less: Treatment and refining charges		(12,013)		(11,349)
Total concentrate sales, net		130,919		115,532
Realized (loss) gain - embedded derivative, net (1)		(720)		777
Unrealized gain - embedded derivative, net		357		225
Total sales, net	$	138,724	$	125,196

(1) Copper, lead, and zinc are co-products. In the realized (loss) gain - embedded derivative, net, there are $0.7 million loss and $0.8 million gain, respectively, related to these co-products for the twelve months ended December 31, 2022 and 2021.