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Inventories
 6 Months Ended
Jun. 30, 2022
Inventories  
Inventories

3. Inventories

 

At June 30, 2022 and December 31, 2021, the Company’s inventories consisted of the following:

 

 

 

June 30,

2022

 

 

December 31,

2021

 

Concentrate inventory

 

 

 

 

 

 

In process

 

$208,774

 

 

$41,082

 

Finished goods

 

 

14,125

 

 

 

97,074

 

Total concentrate inventory

 

 

222,899

 

 

 

138,156

 

 

 

 

 

 

 

 

 

 

Supplies inventory

 

 

 

 

 

 

 

 

Mine parts and supplies

 

 

244,363

 

 

 

54,998

 

Mill parts and supplies

 

 

103,139

 

 

 

20,568

 

Core drilling supplies and materials

 

 

75,901

 

 

 

-

 

Total supplies inventory

 

 

423,403

 

 

 

75,566

 

 

 

 

 

 

 

 

 

 

Total

 

$646,302

 

 

$213,722

 

 

The carrying value of inventory is determined each period based on the lower of cost or net realizable value. At June 30, 2022 and December 31, 2021 gold concentrate is carried at cost.