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REVENUE AND COST OF SALES
 12 Months Ended
Dec. 31, 2021
17. REVENUE AND COST OF SALES

17.

REVENUE AND COST OF SALES

 

 

 

The Company’s revenues for the year ended December 31, 2021, 2020 and 2019 are all attributable to Mexico, from shipments of concentrate from the Avino Mine, and processing of Historical Above Ground Stockpiles.

   

 

 

2021

 

 

2020

 

 

2019

 

Concentrate sales

 

$11,208

 

 

$15,304

 

 

$31,417

 

Provisional pricing adjustments

 

 

20

 

 

 

718

 

 

 

329

 

 

 

$11,228

 

 

$16,022

 

 

$31,746

 

 

 

Cost of sales consists of changes in inventories, direct costs including personnel costs, mine site costs, energy costs (principally diesel fuel and electricity), maintenance and repair costs, operating supplies, external services, third party transport fees, depreciation and depletion, and other expenses for the periods. Direct costs include the costs of extracting co-products. Stand-by costs consist of care and maintenance costs incurred during the work stoppages at the Avino Mine during the year ended December 31, 2021 and 2020.

 

Cost of sales is based on the weighted average cost of inventory sold for the periods and consists of the following:

  

 

 

2021

 

 

2020

 

 

2019

 

Production costs

 

$4,905

 

 

$11,443

 

 

$27,949

 

Stand-by costs

 

 

800

 

 

 

2,394

 

 

 

-

 

Inventory net realizable adjustment

 

 

-

 

 

 

-

 

 

 

387

 

Depreciation and depletion

 

 

1,976

 

 

 

1,995

 

 

 

3,680

 

 

 

$7,681

 

 

$15,832

 

 

$32,016