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INVENTORIES:
9 Months Ended
Sep. 30, 2025
INVENTORIES:  
INVENTORIES:

NOTE 3 — INVENTORIES:

Inventories were as follows:

At September 30, 

At December 31, 

(in millions)

    

2025

    

2024

Inventory, current:

Metals at average cost:

Finished goods

$

59.9

$

55.9

Work-in-process

 

321.5

 

343.8

Ore stockpiles on leach pads  

228.0

217.2

Supplies at average cost

 

421.9

 

431.9

Total current inventory

$

1,031.3

$

1,048.9

Inventory, long-term:

Ore stockpiles on leach pads

$

1,148.3

$

1,145.8

During the nine-month periods ended September 30, 2025 and 2024, total leaching costs capitalized as non-current inventory of ore stockpiles on leach pads amounted to $186.7 million and $189.8 million, respectively. Leaching inventories recognized in cost of sales amounted to $173.5 million and $174.1 million for the nine months ended September 30, 2025 and 2024, respectively.