Inventories, net

9 Months Ended

Sep. 30, 2020

Inventories, net

Inventories, net

8.     Inventories, net

Inventories at the Velardeña Properties at September 30, 2020 and December 31, 2019 consist of the following:

	September 30,		December 31,
	2020		2019
	(in thousands)
Material and supplies	$	199	$	231
	$	199	$	231

The material and supplies inventory at September 30, 2020 and December 31, 2019 is reduced by a $0.2 million obsolescence allowance.