Inventory and Ore on Leach Pads

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

INVENTORY AND ORE ON LEACH PADS

INVENTORY AND ORE ON LEACH PADS

    Inventory consists of the following:

In thousands	June 30, 2022		December 31, 2021
Inventory:
Concentrate	$	2,614	$	1,643
Precious metals	10,937		11,353
Supplies	41,294		38,285
	$	54,845	$	51,281
Ore on Leach Pads:
Current	$	96,589	$	81,128
Non-current	63,496		73,495
	$	160,085	$	154,623
Long-term Stockpile (included in Other)	$	19,833	$	18,027
Total Inventory and Ore on Leach Pads	$	234,763	$	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 and second 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 for the three and six months ended June 30, 2022 of $10.4 million ($9.2 million was recognized in Costs Applicable to Sales and $1.2 million in Amortization) and $19.0 million ($16.8 million was recognized in Cost Applicable to Sales and $2.2 million in Amortization), respectively.