INVENTORIES

3 Months Ended

Mar. 31, 2023

INVENTORIES

INVENTORIES

NOTE 7 INVENTORIES

Inventories at March 31, 2023 and December 31, 2022 consisted of the following:

	March 31, 2023		December 31, 2022
Material on leach pads	$	16,564	$	7,571
In-process inventory		3,797		3,674
Stockpiles		11,275		15,392
Precious metals		1,896		2,119
Materials and supplies		6,801		5,411
	$	40,333	$	34,167
Less long-term portion		(16,773)		(2,432)
	$	23,560	$	31,735

During the three months ended March 31, 2022, inventory at the Fox Complex, El Gallo and Gold Bar operations were written down to their estimated net realizable value by $0.8 million, $3.4 million and $nil respectively. Of these write-downs, a total of $4.2 million was included in production costs applicable to sales and $nil was included in depreciation and depletion in the Statement of Operations.