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INVENTORIES:
3 Months Ended
Mar. 31, 2017
INVENTORIES:  
INVENTORIES:

 

NOTE 3 - INVENTORIES:

 

Inventories were as follows:

 

(in millions)

 

At March 31,
2017

 

At December 31,
2016

 

 

 

 

 

 

 

Inventory, current:

 

 

 

 

 

Metals at average cost:

 

 

 

 

 

Finished goods

 

$

154.9

 

$

130.5

 

Work-in-process

 

181.5

 

231.6

 

Ore stockpiles on leach pads

 

308.4

 

310.9

 

Supplies at average cost:

 

335.1

 

337.4

 

 

 

 

 

 

 

Total current inventory

 

$

979.9

 

$

1,010.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inventory, non-current:

 

 

 

 

 

Ore stockpiles on leach pads

 

$

848.2

 

$

806.9

 

 

 

 

 

 

 

 

 

 

In the first quarter 2017 and 2016, total leaching costs capitalized as non-current inventory of ore stockpiles on leach pads amounted to $120.8 million and $124.8 million, respectively. Leaching inventories recognized in cost of sales amounted to $82.1 million and $79.2 million for the first quarter 2017 and 2016, respectively.