Inventory and Ore on Leach Pads (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventory consists of the following:

In thousands	December 31, 2023		December 31, 2022
Inventory:
Concentrate	$	3,606	$	2,869
Precious metals	20,395		12,636
Supplies	52,660		46,326
	$	76,661	$	61,831
Ore on Leach Pads:
Current	$	79,400	$	82,958
Non-current	25,987		51,268
	$	105,387	$	134,226
Long-term Stockpile (included in Other)	$	46,702	$	28,840
Total Inventory and Ore on Leach Pads	$	228,750	$	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 year ended December 31, 2023, the cost of stock pile, leach pad and metal inventory at Rochester exceeded its net realizable value, which resulted in non-cash write down of $45.6 million ($39.9 million was recognized in Costs applicable to sales and $5.8 million in Amortization).