Revenue

12 Months Ended

Dec. 31, 2023

Note 13 - Revenue

During the years ended December 31, 2023 and 2022, the Company had the following sources of revenue and other income:


			For the year ended December 31,
	2023			2022
Royalty revenue*	$	20,287		$	6,913
Option and other property income	4,785			9,591
Interest income	1,549			1,773
Total	$	26,621		$	18,277

*Excludes royalty revenue generated from the Company's equity interest in SLM California (Note 6)

The Company has a number of exploration stage royalties and royalty generation properties being advanced by the Company and within partnered agreements. Many of these projects include staged or conditional payments owed to the Company payable in cash or partner equity pursuant to individual agreements. The Company may also earn conditional payments on producing royalties.

During the year ended December 31, 2023 and 2022 the Company had the following sources of royalty revenue:


			For the year ended December 31,
	2023			2022
Timok	$	8,632		$	-
Gediktepe	6,694			3,709
Leeville	3,135			2,348
Balya	968			-
Gold Bar South	270			-
Advanced royalty payments	588			856
Total	$	20,287		$	6,913

On September 12, 2023, as part of the execution of the revised Timok royalty agreement, the Company received $6,676 for royalty revenue owed since the commencement of commercial production up to June 30, 2023.

During the year ended December 31, 2023, the Company earned staged cash payments totaling $654 (2022 - $7,411), milestone payments on producing royalties totaling $Nil (2022 - $4,000) and total equity payments valued at $2,563 (2022 - $947) in connection with property agreements from various partners which has been included in option and other property income within revenue and other income.