INVENTORIES

12 Months Ended

Dec. 31, 2021

INVENTORIES

INVENTORIES

NOTE 7 INVENTORIES

Inventories at December 31, 2021 and 2020 consist of the following:

	December 31, 2021		December 31, 2020
Material on leach pads	$	4,660	$	21,003
In-process inventory		3,049		3,922
Stockpiles		5,105		635
Precious metals		1,819		1,344
Materials and supplies		3,702		4,845
	$	18,335	$	31,749
Less long-term portion		(2,543)		(4,785)
		15,792		26,964

During the year ended December 31, 2021, the inventory of Black Fox, Gold Bar and El Gallo were written down to their net realizable value by $2.1 million, $1.4 million, and $3.3 million respectively. Of these write-downs, a total of $6.0 million was included in production costs applicable to sales (December 31, 2020 - $13.9 million) and $0.8 million was included in depreciation and depletion (December 31, 2020 - $2.1 million)  in the Statement of Operations.