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INVENTORIES
3 Months Ended
Mar. 31, 2022
INVENTORIES  
INVENTORIES

NOTE 7 INVENTORIES

Inventories at March 31, 2022, and December 31, 2021, consisted of the following:

    

March 31, 2022

    

December 31, 2021

Material on leach pads

$

385

$

4,660

In-process inventory

 

4,602

 

3,049

Stockpiles

 

6,713

 

5,105

Precious metals

 

1,783

 

1,819

Materials and supplies

 

5,996

 

3,702

$

19,479

$

18,335

Less long-term portion

(3,186)

(2,543)

$

16,293

$

15,792

During the three months ended March 31, 2022, inventory at the Black Fox, El Gallo and Gold bar operation were written down to their net realizable value by $0.8 million, $3.4 million and $nil respectively. In March 31, 2021 inventory of Black Fox, El Gallo and Gold Bar were written down to their net realizable value by $nil, $0.8 million and $1.4 Million respectively. These write-downs during the period ended March 31, 2022, a total of $4.2 million (three months ended March 31, 2021 – $2.1 million) were included in production costs applicable to sales and $nil was included in depreciation and depletion (three months ended March 31, 2021 - $0.1 million) in the Statement of Operation.