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3. Inventories

6 Months Ended

Jun. 30, 2019

Notes

3. Inventories

3.             Inventories

At June 30, 2019 and December 31, 2018, the Company’s inventories consisted of the following:

		June 30, 2019		December 31, 2018
Gold concentrate	$	189,497	$	137,530
Materials and supplies		24,666		45,539
Total	$	214,163	$	183,069

At June 30, 2019, gold concentrate inventory is carried at allocated production costs as it is lower than estimated net realizable value based on current metal prices.

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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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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