XML 23 R12.htm IDEA: XBRL DOCUMENT v3.23.2
REVENUE
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following table represents revenues by product (in thousands):

Three Months Ended June 30,
 20232022
Gold doré sales
Çöpler
$97,356 $107,999 
Marigold117,769 85,403 
Seabee30,043 79,069 
Concentrate sales  
Puna51,211 47,055 
Other (1)
  
Çöpler500 744 
Marigold 37 22 
Seabee15 41 
Puna4,095 (750)
Total$301,026 $319,583 
(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.
Six Months Ended June 30,
 20232022
Gold doré sales
Çöpler$207,002 $243,943 
Marigold215,900 154,255 
Seabee62,127 169,890 
Concentrate sales  
Puna117,559 101,186 
Other (1)
  
Çöpler1,367 2,207 
Marigold74 63 
Seabee24 77 
Puna11,587 3,408 
Total$615,640 $675,029 
(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 and six months ended June 30 are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Gold $245,168 $272,471 $485,029 $568,088 
Silver 40,932 38,739  90,047 72,703 
Lead 9,255 6,170  22,031 20,028 
Zinc 1,024 2,146  5,481 8,455 
Other (1)
4,647 57 13,052 5,755 
Total $301,026 $319,583 $615,640 $675,029 
(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 June 30, 2023 and 2022, the change in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase (decrease) of $4.1 million and $(3.0) million, respectively, and for the six months ended June 30, 2023 and 2022, was an increase of $11.6 million and $1.3 million, respectively. The changes in fair value have been recorded in Revenue.
At June 30, 2023, the Company had silver sales of 3.48 million ounces at an average price of $24.04 per ounce, lead sales of 18.92 million pounds at an average price of $0.95 per pound, and zinc sales of 3.15 million pounds at an average price of $1.09 per pound, subject to normal course final pricing over the next several months.