The Company’s revenues for the year ended December 31, 2017, of $33,358,641 (2016 - $30,105,336; 2015 - $14,924,798) are all attributable to Mexico, from shipments of concentrate produced by the Avino Mine, the San Gonzalo Mine, and the historic Avino stockpiles.
For the years ended December 31, 2017, 2016, and 2015, the Company had revenue from the following product mixes:
| 2017 | 2016 | 2015 | ||||||||||
| Silver | $ | 20,158,591 | $ | 20,979,097 | $ | 13,251,865 | ||||||
| Gold | 8,226,824 | 6,837,729 | 4,763,903 | |||||||||
| Copper | 10,131,051 | 7,000,145 | 44,308 | |||||||||
| Penalties, treatment costs and refining charges | (5,157,825 | ) | (4,711,635 | ) | (3,135,278 | ) | ||||||
| Total revenue from mining operations | $ | 33,358,641 | $ | 30,105,336 | $ | 14,924,798 | ||||||
For each of the years ended December 31, 2017, 2016, and 2015, the Company had three customers that accounted for total revenues as follows:
| 2017 | 2016 | 2015 | ||||||||||
| Customer #1 | $ | 24,845,362 | $ | 19,245,936 | $ | - | ||||||
| Customer #2 | 7,451,519 | 6,318,713 | - | |||||||||
| Customer #3 | 1,061,760 | 4,540,687 | 6,705,786 | |||||||||
| Customer #4 | - | - | 5,619,686 | |||||||||
| Customer #5 | - | - | 2,599,326 | |||||||||
| Total revenue from mining operations | $ | 33,358,641 | $ | 30,105,336 | $ | 14,924,798 | ||||||
Geographical information relating to the Company’s non-current assets (other than financial instruments) is as follows:
December 31, 2017 |
December 31, 2016 |
January 1, 2016 |
||||||||||
| Exploration and evaluation assets - Mexico | $ | 9,034,105 | $ | 7,978,841 | $ | 15,241,740 | ||||||
| Exploration and evaluation assets - Canada | 34,303,765 | 22,812,895 | 14,654,918 | |||||||||
| Total exploration and evaluation assets | $ | 43,337,870 | $ | 30,791,736 | $ | 29,896,658 | ||||||
December 31, 2017 |
December 31, 2016 |
January 1, 2016 |
||||||||||
| Plant, equipment and mining properties - Mexico | $ | 28,627,706 | $ | 24,240,545 | $ | 17,583,469 | ||||||
| Plant, equipment and mining properties - Canada | 3,323,899 | 3,498,202 | 1,009,763 | |||||||||
| Total plant, equipment and mining properties | $ | 31,951,605 | $ | 27,738,747 | $ | 18,593,232 | ||||||