Inventory and Ore on Leach Pads

3 Months Ended

Mar. 31, 2019

Inventory consists of the following:



In thousands	March 31, 2019		December 31, 2018
Inventory:
Concentrate	$	9,155	$	10,772
Precious metals	16,349		20,761
Supplies	35,149		34,746
	60,653		66,279
Ore on leach pads:
Current	74,517		75,122
Non-current	72,633		66,964
	147,150		142,086
Total inventory and ore on leach pads	$	207,803	$	208,365

In the first quarter of 2019, Silvertip recognized a $15.4 million write-down of metal inventory as a result of lower than expected production levels, grades and recovery rates as well as reduced process plant availability. It is possible that additional write-downs will be required as the Company works to optimize operations at Silvertip.