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4. Sales of Products
 3 Months Ended
Mar. 31, 2021
Notes  
4. Sales of Products

4. Sales of Products 

Our products consist of both gold flotation concentrates which we sell to a single broker (H&H Metal), and an unrefined gold-silver product known as doré which we sell to a precious metal refinery. At March 31, 2021, metals that had been sold but not final settled thus exposed to future price changes totaled 1,412 ounces of gold. The Company has received provisional payments on the sale of these ounces with the remaining amount due reflected in gold sales receivable.

Sales of products by metal for the three-month periods ended March 31, 2021 and 2020 were as follows:

 

 

March 31,

 

2021

2020

Gold

$

1,716,616

$

1,520,699

Silver

 

5,080

 

3,896

Less: Smelter and refining charges

 

(135,069)

 

(123,761)

Total

$

1,586,627

 

1,400,834

 

Sales by significant product type for the three-month periods ended March 31, 2021 and 2020 were as follows:

 

 

March 31,

 

2021

2020

Concentrate sales to H&H Metal

$

1,510,119

$

1,400,834

Dore sales to refinery

 

76,508

 

-

Total

$

1,586,627

$

1,400,834

 

At March 31, 2021 and December 31, 2020, our gold sales receivable balance related to contracts with customers of $109,157 and $264,779, respectively, consist only of amounts due from H&H Metal. There is no allowance for doubtful accounts.