Inventories, net

9 Months Ended

Sep. 30, 2022

Inventories, net

Inventories, net

6. Inventories, net

Inventories at the Rodeo operation at September 30, 2022, and December 31, 2021, consist of the following:

	September 30,		December 31,
	2022		2021
	(in thousands)
Doré inventory	$	416	$	481
In-process inventory		624		668
Material and supplies		746		459
	$	1,786	$	1,608

Doré and in-process inventories, recorded at book value, include $28,000 of capitalized depreciation and amortization. Doré inventory at September 30, 2022 consists of 277 payable ounces of gold and 1,309 payable ounces of silver.

Doré inventory at December 31, 2021 consists of 626 payable ounces of gold and 1,958 payable ounces of silver and includes approximately $21,000 of capitalized depreciation and amortization.

The materials and supplies inventories at September 30, 2022, and December 31, 2021, are primarily related to the Rodeo operation and are reduced by a $0.3 million obsolescence reserve.