INVENTORIES

6 Months Ended

Jun. 30, 2024

INVENTORIES

INVENTORIES

NOTE 7 INVENTORIES

Inventories as at June 30, 2024 and December 31, 2023 consisted of the following:

	June 30, 2024		December 31, 2023
Material on leach pads	$	16,694	$	11,963
In-process inventory		5,363		4,067
Stockpiles		971		5,939
Precious metals		1,672		1,955
Materials and supplies		7,122		6,120
	$	31,822	$	30,044
Less: long-term portion		(11,831)		(10,100)
Current portion	$	19,991	$	19,944

During three months ended June 30, 2024, inventories at Fox Complex and Gold Bar operations were written down by $nil (three months ended June 30, 2023 – $1.0 million and $2.8 million, respectively) to their estimated net realizable values.

During six months ended June 30, 2024, inventories at Fox Complex and Gold Bar operations were written down by $0.8 million and $nil, respectively (six months ended June 30, 2023 – $1.0 million and $2.8 million, respectively) to their estimated net realizable values. Of these write-downs, $0.6 million (six months ended June 30, 2023 ­– $3.0 million) was included in production costs applicable to sales and $0.2 million (six months ended June 30, 2023 – $0.8 million) was included in depreciation and depletion in the Statement of Operations.