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Inventory and Ore on Leach Pads | 6 Months Ended
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Jun. 30, 2023
Inventory Disclosure [Abstract] |
INVENTORY AND ORE ON LEACH PADS | INVENTORY AND ORE ON LEACH PADS Inventory consists of the following:
In thousands | June 30, 2023 |  | December 31, 2022
Inventory: |  |  |
Concentrate | $ | 2,062 |  |  | $ | 2,869 |
Precious metals | 14,336 |  |  | 12,636 |
Supplies | 48,125 |  |  | 46,326 |
| $ | 64,523 |  |  | $ | 61,831 |
Ore on Leach Pads: |  |  |
Current | $ | 108,768 |  |  | $ | 82,958 |
Non-current | 34,991 |  |  | 51,268 |
| $ | 143,759 |  |  | $ | 134,226 |
Long-term Stockpile (included in Other) | $ | 38,615 |  |  | $ | 28,840 |
Total Inventory and Ore on Leach Pads | $ | 246,897 |  |  | $ | 224,897 |
Coeur reports the carrying value of metal and leach pad inventory at the lower of cost or net realizable value, with cost being determined using a weighted average cost method. At the end of the first and second quarter of 2023, the cost of stockpile, leach pad and metal inventory at Rochester exceeded its net realizable value, which resulted in non-cash write-downs for the three and six months ended June 30, 2023 of $2.1 million ($1.6 million was recognized in Costs applicable to sales and $0.5 million in Amortization) and $16.4 million ($14.7 million was recognized in Costs applicable to sales and $1.7 million in Amortization), respectively. The non-cash write-down in the three months ended June 30, 2023 includes a $3.9 million recovery of losses recognized in the prior quarter.

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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/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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