Deferred Consideration - Gold Payments (Tables)

6 Months Ended

Jun. 30, 2023

Summary of valuation of deferred consideration

e Company determined the present value of the deferred consideration—gold payments of $0 and $200,290 at June 30, 2023 and December 31, 2022 using the following assumptions:


		June 30, 2023				December 31, 2022




Forward-looking gold price (low)—per ounce	n/a	$	1,858
Forward-looking gold price (high)—per ounce	n/a	$	3,126
Forward-looking gold price (weighted average)—per ounce	n/a	$	2,237
Discount rate	n/a		11.0%
Perpetual growth rate	n/a		1.3%

Schedule of Deferred Consideration

During the three and six months ended June 30, 2023 and 2022, the Company recognized the following in respect of deferred consideration—gold payments:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Contractual gold payments	$	1,583	$	4,446	$	6,069	$	8,896
Contractual gold payments—gold ounces paid		792		2,375		3167		4,750
Gain/(loss) on revaluation/termination of deferred consideration—gold payments	$	41,361	$	2,311	$	61,953	$	(14,707	)