Revenues

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenues

Contract Liabilities

The following table summarizes the components of Contract liabilities (dollars in thousands):

	June 30, 2023		December 31, 2022
Assets held for sale
Equipment not in use(1)	$	1,150	$	1,050
Total	$	1,150	$	1,050

(1)As of June 30, 2023, the Company has received four payments totaling $1.2 million in accordance with the amended sales agreement for one SAG mill, one ball mill, and one sub-station transformer. The Company will receive a final payment of $12.4 million no later than June 30, 2024. See Note 7 – Assets Held for Sale for additional details.

Revenues

The table below is a summary of the Company’s gold and silver sales (in thousands, except ounces sold amounts):

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
	Amount		Ounces Sold	Amount		Ounces Sold	Amount		Ounces Sold	Amount		Ounces Sold
Gold sales	$	—	—	$	3,695	1,966	$	—	—	$	12,601	6,740
Silver sales	—		—	136		5,940	—		—	396		16,879
Total	$	—		$	3,831		$	—		$	12,997

While the Company is not obligated to sell any of its gold and silver to one customer, the majority of gold and silver sales during both the three and six months ended June 30, 2022 were to two customers. For the three and six months ended June 30, 2022, 65.2% and 79.4% of revenue was attributable to sales to one customer, respectively.