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REVENUE AND COST OF SALES
 12 Months Ended
Dec. 31, 2024
REVENUE AND COST OF SALES  
REVENUE AND COST OF SALES

14. REVENUE AND COST OF SALES

 

The Company’s revenues for the year ended December 31, 2024 and 2023, are all attributable to Mexico, from shipments of concentrate from the Avino Mine.

 

 

 

2024

 

 

2023

 

Concentrate sales

 

$67,133

 

 

$43,199

 

Provisional pricing adjustments

 

 

(955)

 

 

690

 

 

 

$66,178

 

 

$43,889

 

 

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.

 

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

 

 

 

2024

 

 

2023

 

Production costs

 

$38,600

 

 

$32,872

 

Write down of equipment and supplies inventory

 

 

1,144

 

 

 

414

 

Depreciation and depletion

 

 

3,233

 

 

 

2,784

 

 

 

$42,977

 

 

$36,070