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REVENUE
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following table represents revenues by product (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
Gold doré sales
Çöpler
$— $11,804 
$
— 
$
60,031 
Marigold130,650 119,888 366,544 257,381 
CC&V
97,896 — 282,020 — 
Seabee
31,528 27,886 142,331 122,360 
Concentrate sales  
Puna121,882 94,563 308,726 225,781 
Other (1)
  
Çöpler— — — 345 
Marigold 44 20 116 84 
CC&V
352 — 1,066 — 
Seabee
15 11 55 51 
Puna
3,472 3,184 7,054 6,398 
Total$385,839 $257,356 
$
1,107,912 
$
672,431 
(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 are as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Gold $260,074 $159,578 $790,895 $439,772 
Silver 107,962 80,845  270,447 189,455 
Lead 12,638 12,964  35,119 33,333 
Zinc 1,282 754  3,160 2,993 
Other (1)
3,883 3,215 8,291 6,878 
Total $385,839 $257,356 $1,107,912 $672,431 
(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
At September 30, 2025, the Company had silver sales of 5.3 million ounces at an average price of $38.28 per ounce, lead sales of 25.2 million pounds at an average price of $0.89 per pound, and zinc sales of 1.9 million pounds at an average price of $1.23 per pound, subject to normal course final pricing over the next several months.
For the three months ended September 30, 2025 and 2024, the change in the fair value of the Company’s embedded derivatives relating to provisional concentrate metal sales was an increase of $3.5 million and $3.2 million, respectively. For the nine months ended September 30, 2025 and 2024, the change in the fair value of the Company’s embedded derivatives relating to provisional concentrate metal sales was an increase of $7.1 million and $6.4 million, respectively. The changes in fair value have been recorded in Revenue.