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INVENTORIES:

3 Months Ended

Mar. 31, 2016

INVENTORIES:

INVENTORIES:

NOTE 3 - INVENTORIES:

Inventories were as follows:

(in millions)		At March 31, 2016			At December 31, 2015
Inventory, current:
Metals at average cost:
Finished goods		$	145.2		$	104.1
Work-in-process		178.5			188.6
Ore stockpiles on leach pads		271.1			243.2
Supplies at average cost:		336.5			321.3
Total current inventory		$	931.3		$	857.2
Inventory, non-current:
Ore stockpiles on leach pads		$	770.0		$	752.3

In the first quarter 2016 and 2015, total leaching costs capitalized as non-current inventory of ore stockpiles on leach pads amounted to $124.8 million and $104.6 million, respectively. Leaching inventories recognized in cost of sales amounted to $79.2 million and $50.6 million for the first quarter 2016 and 2015, 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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