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3. Inventories

3 Months Ended

Mar. 31, 2020

Notes

3. Inventories

3. Inventories 

At March 31, 2020 and December 31, 2019, the Company’s inventories consisted of the following:

		March 31, 2020		December 31, 2019
Gold concentrate	$	191,570	$	197,862
Materials and supplies		27,284		27,284
Total	$	218,854	$	225,146

At March 31, 2020, and December 31, 2019 gold concentrate inventory is carried at allocated production costs as they are 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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