INVENTORIES

12 Months Ended

Dec. 31, 2023

INVENTORIES

INVENTORIES

NOTE 7 INVENTORIES

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

	December 31, 2023		December 31, 2022
Material on leach pads	$	11,963	$	7,571
In-process inventory		4,067		3,674
Stockpiles		5,939		15,392
Precious metals		1,955		2,119
Materials and supplies		6,120		5,411
	$	30,044	$	34,167
Less long-term portion		(10,100)		(2,432)
Current portion	$	19,944	$	31,735

During the year ended December 31, 2023, we incurred $1.0 million and $2.8 million in inventory write-downs to net realizable value at the Fox Complex and Gold Bar mine, respectively. Of these write-downs, a total of $3.0 million was included in production costs applicable to sales and $0.8 million was included in depreciation and depletion in the Statement of Operations. During the year ended December 31, 2022, we incurred $2.4 million, $4.6 million and $nil in inventory write-downs at the Fox Complex, El Gallo mine and Gold Bar mine, respectively. Of these write-downs, a total of $6.4 million was included in production costs applicable to sales and $0.6 million was included in depreciation and depletion in the Statement of Operations.