SALES

12 Months Ended

Dec. 31, 2022

19. SALES

The Company’s geographical analysis of revenue from contracts with customers attributed to the location of the products produced, is as follows:


	Year ended December 31, 2022
		Peru		Mexico		Argentina		Burkina Faso		Total
Silver-gold concentrates	$	-	$	173,871	$	-	$	-	$	173,871
Silver-lead concentrates		50,300		-		-		-		50,300
Zinc concentrates		53,147		-		-		-		53,147
Gold doré		-		-		212,092		193,541		405,633
Provisional pricing adjustments		(1,116)		(344)		-		-		(1,460)
Sales to external customers	$	102,331	$	173,527	$	212,092	$	193,541	$	681,491

	Year ended December 31, 2021
		Peru		Mexico		Argentina		Burkina Faso		Total
Silver-gold concentrates	$	-	$	219,663	$	-	$	-	$	219,663
Silver-lead concentrates		59,755		-		-		-		59,755
Zinc concentrates		42,990		-		-		-		42,990
Gold doré		-		-		178,999		101,256		280,255
Provisional pricing adjustments		799		(3,609)		-		-		(2,810)
Sales to external customers	$	103,544	$	216,054	$	178,999	$	101,256	$	599,853

¹Burkina Faso was acquired as part of the acquisition of Roxgold which completed on July 2, 2021. Comparative figures in 2021 are included from July 2, 2021 onward


	Years ended December 31,
	2022		2021
Customer 1	$	212,092	$	178,999
Customer 2		193,541		101,256
Customer 3		102,332		103,544
Customer 4		76,851		28,860
Customer 5		70,584		91,950
Customer 6		26,091		47,212
Customer 7		-		48,032
	$	681,491	$	599,853

From time to time, the Company mitigates the price risk associated with its base metal production by entering into forward sale and collar contracts for some of its forecasted base metal production and non-metal commodities.

During the year ended December 31, 2022, the Company recognized $0.7 million of realized losses on the settlement of forward sale and collar contracts (December 31, 2021 - $1.5 million), and $1.2 million unrealized gains from changes in the fair value of the open positions (December 31, 2021 – $1.3 million unrealized loss).