XML 20 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
Inventories
 9 Months Ended
Sep. 30, 2022
Inventories  
Inventories

3. Inventories

 

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

 

 

 

September 30,

2022

 

 

December 31,

2021

 

Concentrate inventory

 

 

 

 

 

 

In process

 

$43,085

 

 

$41,082

 

Finished goods

 

 

183,480

 

 

 

97,074

 

Total concentrate inventory

 

 

226,565

 

 

 

138,156

 

 

 

 

 

 

 

 

 

 

Supplies inventory

 

 

 

 

 

 

 

 

Mine parts and supplies

 

 

247,924

 

 

 

54,998

 

Mill parts and supplies

 

 

55,347

 

 

 

20,568

 

Core drilling supplies and materials

 

 

78,086

 

 

 

-

 

Total supplies inventory

 

 

381,357

 

 

 

75,566

 

 

 

 

 

 

 

 

 

 

Total

 

$607,922

 

 

$213,722

 

 

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