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Inventories

12 Months Ended

Dec. 31, 2024

Subclassifications of assets, liabilities and equities [abstract]

12. INVENTORIES

Inventories consist of:


	December 31, 2024		December 31, 2023
Concentrate inventory	$	31.8	$	21.3
Stockpile ore	67.8		67.2
Heap leach inventory and in process	223.5		338.6
Doré and finished inventory	131.1		121.1
Materials and supplies	180.9		191.2
Total inventories	635.1		739.4
Less: current portion of inventories	(605.7)		(711.6)
Non-current portion inventories(1)	$	29.4	$	27.8

(1)Includes $22.1 million (2023 - $20.5 million) in supplies at the Escobal mine, which have been classified as non-current pending the restart of operations.

Total inventories held at net realizable value amounted to $76.2 million at December 31, 2024 (2023 – $170.0 million). The Company recorded write-downs of $71.3 million for the year ended December 31, 2024 (2023 – recoveries of $31.8 million), which were related primarily to heap leach inventories, $50.7 million of which was included in depreciation and amortization (Note 14), and the remaining $20.6 million was included in production costs (Note 23).

A portion of the stockpile ore amounting to $nil (2023 - $0.7 million) and a portion of the heap leach inventory amounting to $4.1 million (2023 - $70.1 million) is expected to be recovered or settled after more than twelve months.