v3.26.1
REVENUE
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following table represents revenues by product (in thousands):

Three Months Ended March 31,
 20262025
Gold sales
Marigold
$
187,575 
$
117,142 
CC&V
184,124 34,659 
Seabee28,431 76,278 
Concentrate sales  
Puna170,262 86,693 
Other (1)
  
Marigold 64 38 
CC&V
2,328 213 
Seabee
15 24 
Puna
8,979 1,571 
Total$581,778 $316,618 
(1)Other revenue includes: changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; silver and copper by-product revenue arising from the production and sale of gold doré.
Revenue by metal
Revenue by metal type are as follows (in thousands):
Three Months Ended March 31,
20262025
Gold $400,130 $228,079 
Silver 159,485 75,276 
Lead 9,633 11,051 
Zinc 1,144 366 
Other (1)
11,386 1,846 
Total $581,778 $316,618 
(1)Other revenue includes: changes in the fair value of concentrate trade receivables due to changes in silver and base metal prices; silver and copper by-product revenue arising from the production and sale of gold doré.
Provisional metal sales
At March 31, 2026, the Company had silver sales of 4.4 million ounces at an average price of $69.30 per ounce, lead sales of 20.3 million pounds at an average price of $0.88 per pound, and zinc sales of 2.2 million pounds at an average price of $1.39 per pound, subject to normal course final pricing over the next several months.
For the three months ended March 31, 2026 and 2025, the change in the fair value of the Company’s embedded derivatives relating to provisional concentrate metal sales was an increase of $8.9 million and $1.6 million, respectively. The changes in fair value have been recorded in Revenue.