INVENTORIES

9 Months Ended

Sep. 30, 2024

INVENTORIES

INVENTORIES

NOTE 7 INVENTORIES

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

	September 30, 2024		December 31, 2023
Material on leach pads	$	6,840	$	11,963
In-process inventory		3,789		4,067
Stockpiles		5,687		5,939
Precious metals		1,830		1,955
Materials and supplies		6,517		6,120
	$	24,663	$	30,044
Less: long-term portion		(2,729)		(10,100)
Current portion	$	21,934	$	19,944

During the three months ended September 30, 2024, inventories at Fox Complex and Gold Bar operations were written down by $0.6 and $nil, respectively (three months ended September 30, 2023 – $nil and $nil, respectively) to their estimated net realizable values.

During the nine months ended September 30, 2024, inventories at Fox Complex were written down by $1.3 million to their estimated net realizable values. During the nine months ended September 30, 2023, inventories at Fox Complex and Gold Bar were written down by $1.0 million and $2.8 million, respectively. Of these write-downs in 2024, $1.0 million (nine months ended September 30, 2023 ­– $3.0 million) was included in production costs applicable to sales and $0.3 million (nine months ended September 30, 2023 – $0.8 million) was included in depreciation and depletion in the Statement of Operations.