XML 21 R10.htm IDEA: XBRL DOCUMENT v3.23.1
REVENUE
3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following table represents revenues by product (in thousands):

Three Months Ended March 31,
 20232022
Gold doré sales
Çöpler
$109,646 $135,943 
Marigold98,132 68,852 
Seabee32,083 90,822 
Concentrate sales  
Puna66,348 54,132 
Other (1)
  
Çöpler867 1,464 
Marigold 36 41 
Seabee10 35 
Puna7,492 4,157 
Total$314,614 $355,446 
(1) Other revenue includes changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

Revenue by metal
Revenue by metal type for the three months ended March 31, 2023 and 2022 are as follows (in thousands):
Three Months Ended March 31,
20232022
Gold $239,861 $295,617 
Silver 49,115 33,965 
Lead 12,776 13,857 
Zinc 4,457 6,310 
Other (1)
8,405 5,697 
Total $314,614 $355,446 
(1) Other revenue includes changes in the fair value of concentrate trade receivables due to fluctuations in silver and base metal prices; and silver and copper by-product revenue arising from the production and sale of gold doré.

Provisional metal sales
For the three months ended March 31, 2023 and 2022, the change in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase of $7.5 million and $4.2 million, respectively. The changes in fair value have been recorded in Revenue.
At March 31, 2023, the Company had silver sales of 4.54 million ounces at an average price of $21.93 per ounce, lead sales of 23.06 million pounds at an average price of $0.93 per pound, and zinc sales of 4.87 million pounds at an average price of $1.39 per pound, subject to normal course final pricing over the next several months.