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3. Inventories
6 Months Ended
Jun. 30, 2021
Notes  
3. Inventories

3. Inventories 

 

At June 30, 2021 and December 31, 2020, the Company’s inventories consisted of the following:

 

 

June 30,

2021

 

December 31, 2020

Concentrate inventory

 

 

 

 

In process

$

64,699

$

90,743

Finished goods

 

142,715

 

230,318

Total concentrate inventory

 

207,414

 

321,061

 

 

 

 

 

Supplies inventory

 

 

 

 

Mine parts and supplies

 

52,358

 

52,600

Mill parts and supplies

 

33,868

 

28,876

Total supplies inventory

 

86,226

 

81,476

 

 

 

 

 

Total

$

293,640

$

402,537

 

The carrying value of inventory is determined each period based on the lower of cost or net realizable value. At June 30, 2021 and December 31, 2020 gold concentrate is carried at cost.