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INVENTORIES:

6 Months Ended

Jun. 30, 2018

INVENTORIES:

INVENTORIES:

NOTE 3 - INVENTORIES:

Inventories were as follows:

(in millions)		At June 30, 2018			At December 31, 2017
Inventory, current:
Metals at average cost:
Finished goods		$	61.0		$	48.8
Work-in-process		271.6			308.0
Ore stockpiles on leach pads		296.0			320.9
Supplies at average cost:		374.9			364.2
Total current inventory		$	1,003.5		$	1,041.9
Inventory, non-current:
Ore stockpiles on leach pads		$	1,103.5		$	977.4

During the six months ended June 30, 2018 and 2017 total leaching costs capitalized as non-current inventory of ore stockpiles on leach pads amounted to $256.8 million and $248.8 million, respectively. Leaching inventories recognized in cost of sales amounted to $155.6 million and $163.1 million for the six months ended June 30, 2018 and 2017, respectively.

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- References

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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