Revenue

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

REVENUE

NOTE 12 – REVENUE

At June 30, 2021 and December 30, 2020, the Company had a receivable balance from processing sales of $9,305 and nil. Processing sales are received for ore processed for another company.

Product sales for the three-month periods ended June 30, 2021 and June 30, 2020 are shown below:

	Three Months ended June 30, 2021			Three Months ended June 30, 2020
Concentrate sales:
Gold	$	1,234,979		$	1,733,906
Silver		19,168			16,296
		1,254,147			1,750,202
Less:  Royalties		(52,806	)		(47,045	)
Upside participation payments		(191,415	)		(236,932	)
Outside processing charges		(69,775	)		(72,258	)
		(313,996	)		(356,235	)
Net concentrate sales		940,151			1,393,967
Processing sales		684,609			-
Less: Outside processing charges		(8,969	)		-
Net processing sales		675,640			-
Total sales	$	1,615,791		$	1,393,967

Product sales for the six-month periods ended June 30, 2021 and June 30, 2020 are shown below:

	Six Months ended June 30, 2021			Six Months ended June 30, 2020
Concentrate sales:
Gold	$	2,983,188		$	3,328,820
Silver		46,507			31,885
		3,029,695			3,360,705
Less:  Royalties		(127,566	)		(117,008	)
Upside participation payments		(451,540	)		(410,921	)
Outside processing charges		(139,308	)		(126,729	)
		(718,414	)		(654,658	)
Net concentrate sales		2,311,281			2,706,047
Processing sales		1,462,195			-
Less: Outside processing charges		(25,700	)		-
Net processing sales		1,436,495			-
Total sales	$	3,747,776		$	2,706,047

For the three and six months ended June 30, 2021 and 2020, all sales from concentrate sales was sold to Asahi Refining. For the three and six months ended June 30, 2021, all sales from processing income was received from the outside company whose concentrate sales are to Asahi Refinery.