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INVENTORIES

12 Months Ended

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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- 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://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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