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SEGMENTED INFORMATION
 6 Months Ended
Jun. 30, 2024
SEGMENTED INFORMATION

18. SEGMENTED INFORMATION

 

The Company reviews its segment reporting to ensure it reflects the operational structure of the Company and enables the Company's Chief Operating Decision Maker (the Company’s CEO) to review operating segment performance. We have determined that each producing mine represents an operating segment, of which there is one as of June 30, 2024.

 

The Company’s revenues for the six months ended June 30, 2024 of $27,180 (June 30, 2023 - $19,043) are all attributable to Mexico, from shipments of concentrate produced by the Avino Mine, and is considered to be one single reportable operating segment.

 

On the condensed consolidated interim statements of operations, the Company had revenue from the following product mixes:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Silver

 

$6,748

 

 

$3,722

 

 

$11,784

 

 

$7,330

 

Copper

 

 

5,926

 

 

 

4,062

 

 

 

11,832

 

 

 

8,751

 

Gold

 

 

3,502

 

 

 

2,712

 

 

 

6,535

 

 

 

5,847

 

Penalties, treatment costs and refining charges

 

 

(1,389)

 

 

(1,278)

 

 

(2,971)

 

 

(2,885)

Total revenue from mining operations

 

$14,787

 

 

$9,218

 

 

$27,180

 

 

$19,043

 

For the three and six months ended June 30, 2024 and 2023, the Company had the following customers that accounted for total revenues as follows:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Customer #1

 

$12,691

 

 

$7,883

 

 

$21,287

 

 

$17,108

 

Customer #2

 

 

1,659

 

 

 

1,426

 

 

 

5,443

 

 

 

2,026

 

Other customers

 

 

437

 

 

 

(91)

 

 

450

 

 

 

(91)

Total revenue from mining operations

 

$14,787

 

 

$9,218

 

 

$27,180

 

 

$19,043

 

 

Geographical information relating to the Company’s non-current assets (other than financial instruments) is as follows:

 

 

 

 June 30,

2024

 

 

December 31,

2023

 

Exploration and evaluation assets - Mexico

 

$53,133

 

 

$50,110

 

Exploration and evaluation assets - Canada

 

 

1

 

 

 

1

 

Total exploration and evaluation assets

 

$53,134

 

 

$50,111

 

 

 

 

June 30,

2024

 

 

December 31,

2023

 

Plant, equipment, and mining properties - Mexico

 

$52,755

 

 

$52,891

 

Plant, equipment, and mining properties - Canada

 

 

474

 

 

 

178

 

Total plant, equipment, and mining properties

 

$53,229

 

 

$53,069