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3. Inventories
9 Months Ended
Sep. 30, 2021
Notes  
3. Inventories

3. Inventories 

 

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

 

 

September 30,

2021

 

December 31, 2020

Concentrate inventory

 

 

 

 

In process

$

58,847

$

90,743

Finished goods

 

104,803

 

230,318

Total concentrate inventory

 

163,650

 

321,061

 

 

 

 

 

Supplies inventory

 

 

 

 

Mine parts and supplies

 

56,648

 

52,600

Mill parts and supplies

 

35,808

 

28,876

Total supplies inventory

 

92,456

 

81,476

 

 

 

 

 

Total

$

256,106

$

402,537

 

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