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3. Inventories
9 Months Ended
Sep. 30, 2020
Notes  
3. Inventories

3. Inventories 

At September 30, 2020 and December 31, 2019, the Company’s inventories consisted of the following:

 

 

 

September 30,

2020

 

December 31, 2019

 

 

 

 

 

Gold concentrate

$

164,455

$

197,862

Materials and supplies

 

55,612

 

27,284

Total

$

220,067

$

225,146

The carrying value of inventory is determined each period based on the lower of cost or net realizable value. At September 30, 2020 gold concentrate is carried at net realizable value. At December 31, 2019, gold concentrate inventory is carried at allocated production costs.