6. Inventories

Inventories at the Velardeña Properties at June 30, 2015 and December 31, 2014 consist of the following:

	June 30,		December 31,
	2015		2014
	(in thousands)
Metals inventory	$	119	$	477
In-process inventory	141		307
Material and supplies	$	826	$	713

	$	1,086	$	1,497

For the six months ended June 30, 2015 the Company had written down its metals and in-process inventories to net realizable value including a charge to cost of metals sold of approximately $0.2 million.

For the year ended December 31, 2014 the Company had written down its metals and in-process inventories to net realizable value including a charge to cost of metals sold of $1.2 million and a charge to depreciation expense of approximately $0.7 million.