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INVENTORIES:

6 Months Ended

Jun. 30, 2015

INVENTORIES:

INVENTORIES:

NOTE 4 - INVENTORIES:

Inventories were as follows:

(in millions)		At June 30, 2015			At December 31, 2014
Inventory, current:
Metals at average cost:
Finished goods		$	101.7		$	84.6
Work-in-process		427.2			450.5
Supplies at average cost		297.6			301.4
Total current inventory		$	826.5		$	836.5
Inventory, long-term
Leach stockpiles		$	630.7		$	512.7

During the six months ended June 30, 2015 and 2014 total leaching costs capitalized as long-term inventory of leachable material amounted to $232.4 million and $181.2 million, respectively. Leachable material inventories recognized in cost of sales amounted to $114.0 million and $79.5 million for the six months ended June 30, 2015 and 2014, respectively.

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- References

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- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 210



-SubTopic 10



-Section S99



-Paragraph 1



-Subparagraph (SX 210.5-02.6)



-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 210



-SubTopic 10



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766



Reference 3: http://www.xbrl.org/2003/role/presentationRef



-Publisher SEC



-Name Regulation S-X (SX)



-Number 210



-Section 02



-Paragraph 6



-Subparagraph a, b, c



-Article 5

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