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INVENTORIES | 12 Months Ended
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Dec. 31, 2023
Inventory Disclosure [Abstract] |
INVENTORIES | INVENTORIES The components of Inventories were as follows (in thousands):
|  | December 31,
|  | 2023 |  | 2022
Materials and supplies |  | $ | 104,217 |  |  | $ | 103,380 |
Stockpiled ore |  |  | 77,142 |  |  |  | 54,504 |
Leach pad inventory |  |  | 305,271 |  |  |  | 300,715 |
Work-in-process |  |  | 7,189 |  |  |  | 7,549 |
Finished goods |  |  | 21,324 |  |  |  | 35,459 |
Total current inventories |  | $ | 515,143 |  |  | $ | 501,607 |
Stockpiled ore |  |  | 218,139 |  |  |  | 217,154 |
Materials and supplies |  |  | 1,669 |  |  |  | 1,845 |
Total non-current inventories |  | $ | 219,808 |  |  | $ | 218,999 |
As of December 31, 2023 and 2022, the Company has recognized a reserve of $18.4 million and $11.8 million for obsolete materials and supplies inventory, respectively. During the year ended December 31, 2023, the Company recognized write-downs of leach pad inventory at Çöpler of $18.6 million, with $12.6 million classified as a component of Cost of sales and $6.0 million classified as a component of Depreciation, depletion and amortization. No write-down of inventory was recognized during the year ended December 31, 2022.

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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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