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INVENTORIES:

3 Months Ended

Mar. 31, 2019

INVENTORIES:

INVENTORIES:

NOTE 3 - INVENTORIES:

Inventories were as follows:

		At March 31,			At December 31,
(in millions)		2019			2018
Inventory, current:
Metals at average cost:
Finished goods		$	54.1		$	69.6
Work-in-process			250.7			256.8
Ore stockpiles on leach pads			351.7			328.0
Supplies at average cost:			379.1			378.3
Total current inventory		$	1,035.6		$	1,032.7
Inventory, non-current:
Ore stockpiles on leach pads		$	1,182.0		$	1,177.4

In the first quarter 2019 and 2018, total leaching costs capitalized as non-current inventory of ore stockpiles on leach pads amounted to $122.3 million and $126.5 million, respectively. Leaching inventories recognized in cost of sales amounted to $94.1 million and $79.5 million for the first quarter 2019 and 2018, respectively.

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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