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INVENTORIES:
9 Months Ended
Sep. 30, 2017
INVENTORIES:  
INVENTORIES:

 

NOTE 3 - INVENTORIES:

 

Inventories were as follows:

 

(in millions)

 

At September 30,
2017

 

At December 31,
2016

 

Inventory, current:

 

 

 

 

 

Metals at average cost:

 

 

 

 

 

Finished goods

 

$

46.6

 

$

130.5

 

Work-in-process

 

274.0

 

231.6

 

Ore stockpiles on leach pads

 

317.0

 

310.9

 

Supplies at average cost:

 

359.8

 

337.4

 

 

 

 

 

 

 

Total current inventory

 

$

997.4

 

$

1,010.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inventory, non-current:

 

 

 

 

 

Ore stockpiles on leach pads

 

$

940.5

 

$

806.9

 

 

 

 

 

 

 

 

 

 

During the nine months ended September 30, 2017 and 2016 total leaching costs capitalized as non-current inventory of ore stockpiles on leach pads amounted to $386.4 million and $329.4 million, respectively. Leaching inventories recognized in cost of sales amounted to $246.7 million and $234.1 million for the nine months ended September 30, 2017 and 2016, respectively.