Inventory and Ore on Leach Pads (Tables)

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Inventories

Inventory consists of the following:

In thousands	June 30, 2023		December 31, 2022
Inventory:
Concentrate	$	2,062	$	2,869
Precious metals	14,336		12,636
Supplies	48,125		46,326
	$	64,523	$	61,831
Ore on Leach Pads:
Current	$	108,768	$	82,958
Non-current	34,991		51,268
	$	143,759	$	134,226
Long-term Stockpile (included in Other)	$	38,615	$	28,840
Total Inventory and Ore on Leach Pads	$	246,897	$	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. At the end of the first and second quarter of 2023, the cost of stockpile, leach pad and metal inventory at Rochester exceeded its net realizable value, which resulted in non-cash write-downs for the three and six months ended June 30, 2023 of $2.1 million ($1.6 million was recognized in Costs applicable to sales and $0.5 million in Amortization) and $16.4 million ($14.7 million was recognized in Costs applicable to sales and $1.7 million in Amortization), respectively. The non-cash write-down in the three months ended June 30, 2023 includes a $3.9 million recovery of losses recognized in the prior quarter.