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. |
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