INVENTORIES

Our inventories at December 31, 2012 and December 31, 2011 include the following components:



	As at December 31,
	2012		2011
Stockpiled ore	$	33,130	$	16,773
In-process	7,571		8,912
Materials and supplies	43,548		48,612
Finished goods	5,963		—
Total	$	90,212	$	74,297

Included in the value of the stockpile ore and in-process inventories above were approximately 45,000 and 36,000 recoverable ounces of gold at December 31, 2012, and December 31, 2011, respectively. Stockpile inventories are short-term surge piles expected to be processed within the next 12 months. Finished goods at December 31, 2012 consisted of 5,070 ounces of unsold gold doré. A total of $0.5 million and $1.4 million of material and supply inventories were written off in 2012 and 2011 respectively, due to obsolescence and counts and an additional $0.1 million and $1.7 million of net realizable value adjustments in 2012 and 2011 respectively. The net realizable value adjustments in 2012 are related to in-process inventory in the non-refractory plant.