INVENTORIES

3 Months Ended

Mar. 31, 2024

INVENTORIES

INVENTORIES

NOTE 7 INVENTORIES

Inventories as at March 31, 2024 and December 31, 2023 consisted of the following:

	March 31, 2024		December 31, 2023
Material on leach pads	$	15,844	$	11,963
In-process inventory		4,963		4,067
Stockpiles		2,805		5,939
Precious metals		1,465		1,955
Materials and supplies		6,608		6,120
	$	31,685	$	30,044
Less: long-term portion		(11,814)		(10,100)
Current portion	$	19,871	$	19,944

During the three months ended March 31, 2024, inventories at the Fox Complex operations were written down to their estimated net realizable values by $0.8 million (three months ended March 31, 2023 – $nil). Of these write-downs, a total of $0.6 million was included in production costs applicable to sales and $0.2 million was included in depreciation and depletion in the Statement of Operations.