Receivables

12 Months Ended

Dec. 31, 2024

Receivables consist of the following:


In thousands	December 31, 2024		December 31, 2023
Current receivables:
Trade receivables	$	7,818	$	3,858
VAT receivable	12,684		15,634
Income tax receivable	8,509		10,207

Gold and silver forwards realized gains (1)	—		615
Other	919		721
	$	29,930	$	31,035
Non-current receivables:
Other tax receivable (2)	$	5,554	$	9,111
Deferred cash consideration (3)	834		834
Contingent consideration (4)	13,195		13,195
	$	19,583	$	23,140
Total receivables	$	49,513	$	54,175

(1) Represents realized gains on gold and silver forward hedges from December 2023 that contractually settled in subsequent months. See Note 13 -- Derivative Financial Instruments & Hedging Activities for additional details on the gold and silver forward hedges.

(2) Consists of exploration credit refunds at Silvertip.

(3) Represents the fair value of the contingent consideration related to the sale of La Preciosa Deferred Consideration, which included the right to an additional payment of $1.0 million on the first anniversary of initial production from any portion of the La Preciosa project. The fair value of the contingent consideration was valued using a discounted cash flow model and is measured at fair value on a non-recurring basis.

(4) Represents the fair value of the contingent consideration associated with the sale of Sterling/Crown exploration properties, which included the right to an additional payment of $50.0 million should the buyer, its affiliates or its successors, report gold resources in the Sterling/Crown exploration properties. The fair value of the contingent consideration was valued using a discounted cash flow model and is measured at fair value on a non-recurring basis.