Inventory and Ore on Leach Pads

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

INVENTORY AND ORE ON LEACH PADS

INVENTORY AND ORE ON LEACH PADS

Inventory consists of the following:

In thousands	March 31, 2020		December 31, 2019
Inventory:
Concentrate	2,227		$	10,772
Precious metals	13,330		20,761
Supplies	36,300		24,353
	51,857		55,886
Ore on leach pads:
Current	83,035		66,192
Non-current	66,703		71,539
	149,738		137,731
Total inventory and ore on leach pads	$	201,595	$	193,617

Prior to the temporary suspension of mining activities at Silvertip, Silvertip recognized inventory write-downs of $10.4 million in the three months ended March 31, 2020, which is recognized in Costs applicable to sales, as a result of lower than expected production levels, grades and recovery rates as well as reduced process plant availability.