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INVENTORIES
6 Months Ended
Jun. 30, 2025
INVENTORIES  
INVENTORIES

NOTE 7 INVENTORIES

Inventories as at June 30, 2025, and December 31, 2024, consisted of the following:

June 30, 2025

December 31, 2024

Material on leach pads

$

24,224

$

13,453

In-process inventory

7,419

2,551

Stockpiles

948

1,112

Precious metals

1,207

2,312

Materials and supplies

6,668

6,517

$

40,466

$

25,945

Less: long-term portion

16,332

7,834

Current portion

$

24,134

$

18,111

The Company did not have any inventory write-downs during the six months ended June 30 2025. During the six months ended June 30, 2024, inventories at Fox Complex and Gold Bar operations were written down by $0.8 million and $nil, respectively, to their estimated net realizable values. Of these write-downs, a total of $0.6 million was included in production costs applicable to sales and $0.2 million was included in depreciation and depletion in the Statements of Operations.