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INVENTORIES
6 Months Ended
Jun. 30, 2023
INVENTORIES  
INVENTORIES

NOTE 7 INVENTORIES

Inventories at June 30, 2023 and December 31, 2022 consisted of the following:

    

June 30, 2023

    

December 31, 2022

Material on leach pads

$

13,716

$

7,571

In-process inventory

 

4,844

 

3,674

Stockpiles

 

11,463

 

15,392

Precious metals

 

2,332

 

2,119

Materials and supplies

 

7,300

 

5,411

$

39,655

$

34,167

Less long-term portion

(15,603)

(2,432)

Current portion

$

24,052

$

31,735

During the six months ended June 30, 2023, inventory at Fox Complex and Gold Bar operations was written down to their estimated net realizable value by $1.0 million and $2.8 million, respectively. During the six months ended June 30, 2022, inventory at Fox Complex, El Gallo mine and Gold Bar operations were written down to their net realizable value by $1.6 million, $4.3 million and $nil respectively. Of these write-downs, $3.0 million (six months ended June 30, 2022 - $5.6 million) was included in production costs applicable to sales and $0.8 million (six months ended June 30, 2022 -  $0.3 million) was included in depreciation and depletion in the Statement of Operations.