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Inventories
 12 Months Ended
Dec. 31, 2016
Inventories  
Inventories

6.Inventories

 

Inventories at the Velardeña Properties were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2016

    

2015

 

 

 

(in thousands)

 

Material and supplies

 

$
245

 

$
330

 

 

 

$
245

 

$
330

 

 

 

The Company had no metals or in process inventories at December 31, 2016 and 2015 as the result of the suspension of mining and processing at the Velardeña Properties (see Note 1). The material and supplies inventory at December 31, 2016 and 2015 is reduced by a $0.3 million obsolescence charge reflected in shutdown costs.