Revenue (Tables)

12 Months Ended

Dec. 31, 2024


	Note	December 31, 2024		December 31, 2023
Stream Arrangement	14(a)	$	136,343	$	—
Gold Prepay Transactions	14(b)	174,042		159,072
Gold purchase and sale arrangement	14(c)	72,667		75,061
Total deferred revenue		$	383,052	$	234,133

Classified and presented as:
Current(1)		$	116,334	$	39,598
Non-current		266,718		194,535
		$	383,052	$	234,133

(1) The current portion of deferred revenue is based on the amounts of gold expected to be delivered within twelve months of the reporting date.

The following table summarizes the changes in the carrying amount of deferred revenue during the years ended December 31, 2024 and 2023:


	Note	Stream Arrangement (note 14(a))		Gold Prepay Transactions (note 14(b))		Gold purchase and sale arrangement (note 14(c))		Total
Balance – December 31, 2022		$	—	$	—	$	—	$	—
Prepayments received	14(b),(c)	—		150,000		75,000		225,000
Gold delivered	14(c)	—		—		(1,891)		(1,891)
Accretion expense		—		9,072		1,952		11,024
Balance – December 31, 2023		—		159,072		75,061		234,133
Assumed on Greenstone Acquisition	5	137,045		—		—		137,045
Gold delivered	14(a),(c)	(3,000)		—		(11,342)		(14,342)
Accretion expense		2,298		14,970		8,948		26,216
Balance – December 31, 2024		$	136,343	$	174,042	$	72,667	$	383,052

14. DEFERRED REVENUE (CONTINUED)

Revenue from contracts with customers during the years ended December 31, 2024 and 2023 disaggregated by metal were as follows: