Inventory and Ore on Leach Pads

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

INVENTORY AND ORE ON LEACH PADS

INVENTORY AND ORE ON LEACH PADS

    Inventory consists of the following:

In thousands	March 31, 2023		December 31, 2022
Inventory:
Concentrate	$	1,793	$	2,869
Precious metals	10,518		12,636
Supplies	49,743		46,326
	$	62,054	$	61,831
Ore on Leach Pads:
Current	$	93,355	$	82,958
Non-current	42,092		51,268
	$	135,447	$	134,226
Long-term Stockpile (included in Other)	$	32,070	$	28,840
Total Inventory and Ore on Leach Pads	$	229,571	$	224,897

    

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 three months ended March 31, 2023, the cost of stockpile, leach pad and metal inventory at Rochester exceeded its net realizable value, which resulted in non-cash write downs of $14.3 million ($13.1 million was recognized in Costs applicable to sales and $1.2 million in Amortization).