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Inventories
 9 Months Ended
Sep. 30, 2016
Inventories  
Inventories

6.     Inventories

 

Inventories at the Velardeña Properties at September 30, 2016 and December 31, 2015 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

    

2016

    

2015

 

 

 

(in thousands)

 

Material and supplies

 

$
264

 

$
330

 

 

 

$
264

 

$
330

 

 

The Company had no metals or in process inventories at September 30, 2016 or December 31, 2015 as the result of the suspension of mining and processing at the Velardeña Properties (see Note 1). The material and supplies inventory at September 30, 2016 and December 31, 2015 is reduced by a $0.2 million and $0.3 million obsolescence charge respectively.