INVENTORIES

12 Months Ended

Dec. 31, 2024

INVENTORIES

INVENTORIES

NOTE 7 INVENTORIES

Inventories at December 31, 2024 and 2023 consist of the following:

	December 31, 2024		December 31, 2023
Material on leach pads	$	13,453	$	11,963
In-process inventory		2,551		4,067
Stockpiles		1,112		5,939
Precious metals		2,312		1,955
Materials and supplies		6,517		6,120
	$	25,945	$	30,044
Less: long-term portion		(7,834)		(10,100)
Current portion	$	18,111	$	19,944

During the year ended December 31, 2024, the Company incurred $1.8 million and $0.7 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 $2.1 million was included in production costs applicable to sales and $0.4 million was included in depreciation and depletion in the Statement of Operations. During the year ended December 31, 2023, the Company incurred $1.0 million and $2.8 million in inventory write-downs 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.