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2. Inventories

9 Months Ended

Sep. 30, 2018

Notes

2. Inventories

2.             Inventories

At September 30, 2018 and December 31, 2017, the Company’s inventories consisted of the following:

		September 30, 2018		December 31, 2017
Gold concentrate	$	29,406	$	219,660
Materials and supplies		30,354		25,494
Total	$	59,760	$	245,154

At September 30, 2018, gold concentrate inventory is carried at estimated net realizable value based on current metal prices as it was lower than allocated production costs.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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