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INVENTORIES

9 Months Ended

Sep. 30, 2023

INVENTORIES

NOTE 7 INVENTORIES

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


		September 30, 2023			December 31, 2022
Material on leach pads		$	16,036		$	7,571
In-process inventory			4,470			3,674
Stockpiles			12,038			15,392
Precious metals			2,445			2,119
Materials and supplies			8,060			5,411
		$	43,049		$	34,167
Less long-term portion			(15,885)			(2,432)
Current portion		$	27,164		$	31,735

During the nine months ended September 30, 2023, inventories at the Fox Complex and Gold Bar operations were written down to their estimated net realizable values by $1.0 million and $2.8 million, respectively. During the nine months ended September 30, 2022, inventories at the Fox Complex, El Gallo and Gold Bar operations were written down to their estimated net realizable values by $1.6 million, $4.6 million and $nil respectively. Of these write-downs during the three months ended September 30, 2023, a total of $3.0 million (nine months ended September 30, 2022 - $5.9 million) was included in production costs applicable to sales and $0.8 million (nine months ended September 30, 2022 - $0.3 million) was included in depreciation and depletion in the Statement of Operations.