SALES

12 Months Ended

Dec. 31, 2023

20. SALES

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


	Years ended December 31, 2023
		Peru		Mexico		Argentina		Burkina Faso		Côte d'Ivoire		Total
Silver-gold concentrates	$	-	$	148,828	$	-	$	-	$	-	$	148,828
Silver-lead concentrates		60,813		-		-		-		-		60,813
Zinc concentrates		42,989		-		-		-		-		42,989
Gold doré		-		-		207,509		228,846		154,165		590,520
Provisional pricing adjustments		(1,600)		878		-		-		-		(722)
Sales to external customers	$	102,202	$	149,706	$	207,509	$	228,846	$	154,165	$	842,428

	Years ended December 31, 2022
		Peru		Mexico		Argentina		Burkina Faso		Côte d'Ivoire		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


	Years ended December 31,
	2023		2022
Customer 1	$	228,846	$	193,541
Customer 2		207,505		212,092
Customer 3		154,165		-
Customer 4		102,206		102,332
Customer 5		78,519		76,851
Customer 6		71,187		70,584
Customer 7		-		26,091
	$	842,428	$	681,491

From time to time, the Company enters into forward sale and collar contracts to mitigate the price risk for some of its forecasted base and precious metals production, and non-metal commodities.

During the year ended December 31, 2023, the Company recognized $1.5 million of realized losses on the settlement of forward sale and collar contracts (December 31, 2022 - $0.7 million realized losses), and $0.3 million unrealized gains from changes in the fair value of the open positions (December 31, 2022 - $1.2 million unrealized gains).