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INVENTORIES:

12 Months Ended

Dec. 31, 2015

INVENTORIES:

INVENTORIES:

NOTE 4-INVENTORIES:

		At December 31,
(in millions)		2015			2014
Inventory, current:
Metals at average cost:
Finished goods		$	104.1		$	84.5
Work-in-process		188.6			200.4
Ore stockpiles on leach pads		243.2			250.1
Supplies at average cost		321.3			301.4
Total current inventory		$	857.2		$	836.4
Inventory, long-term:
Ore stockpiles on leach pads		$	752.3		$	512.7

Total leaching costs added as long-term inventory of ore stockpiles in leach pads amounted to $506.9 million, $401.3 million and $306.8 million in 2015, 2014 and 2013, respectively. Long-term leaching inventories recognized as cost of sales amounted to $274.1 million, $177.5 million and $109.3 million in 2015, 2014 and 2013, respectively.

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- References

No definition available.

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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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