Revenues

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

The table below is a summary of the Company’s gold and silver sales (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
	Amount		Ounces Sold	Amount		Ounces Sold	Amount		Ounces Sold	Amount		Ounces Sold
Gold sales	$	29,129	16,354	$	11,623	6,056	$	77,570	43,244	$	29,234	16,854
Silver sales	2,547		105,478	668		27,251	9,143		352,480	1,817		97,954
Total	$	31,676		$	12,291		$	86,713		$	31,051

While the Company is not obligated to sell any of its gold and silver to one customer, the majority of gold and silver sales during both of the nine months ended September 30, 2021 and 2020 were to three customers. For the three and nine months ended September 30, 2021, approximately 74.1% and 78.2% of revenue was attributable to sales to the same customer, respectively. For the three and nine months ended September 30, 2020, approximately 53.8% and 69.1% of revenue was attributable to sales to one customer, respectively.

During the third quarter of 2021, the Company received $1.6 million in sales consideration for which the Company had not satisfied its performance obligation under its contract with the customer as of September 30, 2021. Such consideration received is included in Deferred revenue.