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Inventories

3 Months Ended

Mar. 31, 2022

Inventories

Inventories

3. Inventories

At March 31, 2022 and December 31, 2021, the Company’s inventories consisted of the following:

		March 31, 2022				December 31, 2021
Concentrate inventory
In process		$	26,437			$	41,082
Finished goods			341,626				97,074
Total concentrate inventory			368,063				138,156
Supplies inventory
Mine parts and supplies			184,919				54,998
Mill parts and supplies			53,091				20,568
Total supplies inventory			238,010				75,566
Total		$	606,073			$	213,722

The carrying value of inventory is determined each period based on the lower of cost or net realizable value. At March 31, 2022 and December 31, 2021 gold concentrate is carried at cost.

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