v3.25.4
Cost of sales
9 Months Ended
Sep. 30, 2025
Cost of sales  
Cost of sales

19. Cost of sales

 

Cost of sales is costs that directly relate to production at the mine operating segments and excludes depletion and amortization. The following are components of cost of sales for the three-month and nine-month periods ended September 30, 2025 and 2024:

 

 

Three-month

 

 

Three-month

 

 

Nine-month

 

 

Nine-month

 

 

 

period ended

 

 

period ended

 

 

period ended

 

 

period ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024 Revised (1)

 

 

2025

 

 

2024 Revised (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and employee benefits

 

$7,795

 

 

$8,226

 

 

$22,261

 

 

$24,047

 

Raw materials and consumables

 

 

3,600

 

 

 

8,603

 

 

 

16,726

 

 

 

25,793

 

Utilities

 

 

985

 

 

 

1,090

 

 

 

3,126

 

 

 

3,367

 

Transportation costs

 

 

373

 

 

 

1,308

 

 

 

1,945

 

 

 

4,258

 

Other costs

 

 

2,682

 

 

 

1,509

 

 

 

7,224

 

 

 

4,692

 

Costs before intended use

 

 

6,759

 

 

 

454

 

 

 

12,995

 

 

 

871

 

Changes in inventories

 

 

(3,511 )

 

 

(978 )

 

 

(2,900 )

 

 

(1,034 )

Inventory write-downs (Note 6)

 

 

1,455

 

 

 

53

 

 

 

3,379

 

 

 

871

 

 

 

$20,138

 

 

$20,265

 

 

$64,756

 

 

$62,865

 

 

(1)  Certain transportation costs were reclassified from treatment and selling costs in revenue to cost of sales in fiscal 2024.