Inventory and Ore on Leach Pads

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

INVENTORY AND ORE ON LEACH PADS

INVENTORY AND ORE ON LEACH PADS

    Inventory consists of the following:

In thousands	December 31, 2022		December 31, 2021
Inventory:
Concentrate	$	2,869	$	1,643
Precious metals	12,636		11,353
Supplies	46,326		38,285
	$	61,831	$	51,281
Ore on Leach Pads:
Current	$	82,958	$	81,128
Non-current	51,268		73,495
	$	134,226	$	154,623
Long-term Stockpile (included in Other)	$	28,840	$	18,027
Total Inventory and Ore on Leach Pads	$	224,897	$	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. In the year ended December 31, 2022, the cost of metal and leach pad inventory at Rochester exceeded its net realizable value, which resulted in non-cash write downs of $52.5 million ($46.0 million was recognized in Costs Applicable to Sales and $6.6 million in Amortization).