Revenues

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenues

Contract Liabilities

As of December 31, 2023 and December 31, 2022, the Company’s Contract liabilities was comprised of deposits for equipment not-in-use of $1.6 million and $1.1 million, respectively. These deposits were received in accordance with the amended sales agreement for one SAG mill, one ball mill, and one sub-station transformer. In accordance with Topic 606, Revenue from Contracts with Customers, if the sale does not materialize by the deadline provided in the Agreement (June 30, 2024) and no further extensions are provided, then the contract is over and the nonrefundable deposit payments received will be recognized as Other income. See Note 7 – Assets Held for Sale for additional details.

Revenues

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

	Year Ended December 31,
	2023			2022
	Amount		Ounces Sold	Amount		Ounces Sold
Gold sales	$	—	—	$	32,249	17,728
Silver sales	—		—	980		44,084
Total	$	—		$	33,229

The Company’s gold and silver sales during the year ended December 31, 2023 and 2022, were attributable to the following customers:

	Year Ended December 31,
	2023			2022
	Amount		Percentage	Amount		Percentage
Customer A	$	—	N/A	$	12,159	36.6	%
Customer B	—		N/A	10,997		33.1	%
Customer C	—		N/A	10,073		30.3	%
Total	$	—	N/A	$	33,229	100.0	%