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REVENUE | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE The following table represents revenues by product (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Gold doré sales |  |  |  |  |  |  |  |
Çöpler | $ | 63,873 |  |  | $ | 438,894 |  |  | $ | 352,740 |
Marigold |  | 408,915 |  |  |  | 538,090 |  |  |  | 348,692 |
Seabee |  | 191,704 |  |  |  | 164,292 |  |  |  | 244,581 |
Concentrate sales |  |  |  |  |  |  |  |
Puna |  | 321,943 |  |  |  | 270,438 |  |  |  | 201,859 |
Other (1) |  |  |  |  |  |  |  |
Çöpler |  | 425 |  |  |  | 3,523 |  |  |  | 2,330 |
Marigold |  | 110 |  |  |  | 154 |  |  |  | 125 |
Seabee |  | 64 |  |  |  | 54 |  |  |  | 111 |
Puna |  | 8,584 |  |  |  | 11,482 |  |  |  | (2,405) |
Total (2) | $ | 995,618 |  |  | $ | 1,426,927 |  |  | $ | 1,148,033 |
(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. (2)The Company recognized revenue under ASC 606 “Revenue from Contracts with Customers” of $987.0 million, excluding Other Puna revenues related to embedded derivatives relating to provisional concentrate metal sales. Revenue by metal Revenue by metal type for the years ended December 31, are as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Gold | $ | 664,492 |  |  | $ | 1,141,276 |  |  | $ | 946,013 |
Silver |  | 272,334 |  |  |  | 215,387 |  |  |  | 153,280 |
Lead |  | 45,930 |  |  |  | 46,422 |  |  |  | 37,519 |
Zinc |  | 3,679 |  |  |  | 8,629 |  |  |  | 11,060 |
Other (1) |  | 9,183 |  |  |  | 15,213 |  |  |  | 161 |
Total | $ | 995,618 |  |  | $ | 1,426,927 |  |  | $ | 1,148,033 |
(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. For the year ended December 31, 2024, the sales t o Canadian Imperial Bank of Commerce ("CIBC") and Asahi Refinery accounted for 30% and 13% of the Company's total revenues, respectively, which are included in the Marigold and Seabee segments. For the year ended December 31, 2023, the sales to Central Bank of Türkiye and CIBC accounted for 31% and 33% of the Company's total revenues, respectively. The sales to Central Bank of Türkiye are included in the Çöpler segment and the sales to CBIC are included in the Marigold and Seabee segments. For the year ended December 31, 2022, the sales to Central Bank of Türkiye, CIBC and Bank of Montreal accounted for 31% and 28% and 16% of the Company's total revenues, respectively. Sales to Central Bank of Türkiye are included in the Çöpler segment, the sales to CBIC are included in the Marigold and Seabee segments and the sales to Bank of Montreal are included in the Seabee segment. The remaining sales were to a variety of customers. Provisional metal sales At December 31, 2024, t he Company had silver sales of 6.0 million ounces at an average price of $30.96 per ounce, lead sales of 30.5 million pounds at an average price of $0.92 per pound, and zinc sales of 1.6 million pounds at an average price of $1.33 per pound, subject to normal course final pricing over the next several months. For the years ended December 31, 2024, 2023 and 2022, changes in the fair value of the Company's embedded derivatives relating to provisional concentrate metal sales was an increase of $8.6 million, an increase of $11.5 million and an increase of $2.8 million, respectively. The changes in fair value have been recorded in Revenue.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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