Inventory and Ore on Leach Pads (Tables)

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

Inventories

Inventory consists of the following:

In thousands	March 31, 2022		December 31, 2021
Inventory:
Concentrate	$	1,943	$	1,643
Precious metals	11,867		11,353
Supplies	39,134		38,285
	$	52,944	$	51,281
Ore on Leach Pads:
Current	$	89,406	$	81,128
Non-current	73,133		73,495
	$	162,539	$	154,623
Long-term Stockpile (included in Other)	$	18,142	$	18,027
Total Inventory and Ore on Leach Pads	$	233,625	$	223,931

    

Coeur reports the carrying value of metal and leach pad inventory at the lower of cost or net realizable value, with cost being determined using a weighted average cost method. At the end of the first quarter of 2022, the cost of metal and leach pad inventory at Rochester exceeded its net realizable value which resulted in a non-cash write down of $8.6 million ($7.6 million was recognized in Costs Applicable to Sales and $1.0 million in Amortization).