Revenue

12 Months Ended

Dec. 31, 2024

Note 13 - Revenue

During the years ended December 31, 2024 and 2023, the Company had the following sources of revenue and other income:


	For the year ended December 31,
	2024		2023
Royalty revenue*	$	23,804	$	20,287
Option and other property income	1,724		4,785
Interest income	1,920		1,549
Total	$	27,448	$	26,621

*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 years ended December 31, 2024 and 2023, the Company had the following sources of royalty revenue:


	For the year ended December 31,
	2024		2023
Timok	$	5,216	$	8,632
Gediktepe	11,954		6,694
Leeville	4,264		3,135
Balya	1,141		968
Gold Bar South	475		270
Sisorta	196		-
Advanced royalty payments	558		588
Total	$	23,804	$	20,287

Note 13 - Revenue (continued)

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, 2024, the Company earned staged cash payments totaling $377 (2023 - $654), and total equity payments valued at $83 (2023 - $2,563) in connection with property agreements from various partners which has been included in option and other property income within revenue and other income.