Inventories, net

9 Months Ended

Sep. 30, 2021

Inventories, net

Inventories, net

5.     Inventories, net

Inventories at the Rodeo operation at September 30, 2021 and December 31, 2020 consist of the following:

	September 30,		December 31,
	2021		2020
	(in thousands)
Doré inventory	$	927	$	0
In-process inventory		475		0
Material and supplies	$	455	$	284
	$	1,857	$	284

Doré and in-process inventories, recorded at book value, include $25,000 of capitalized depreciation and amortization. Doré inventory at September 30, 2021 consists of 1,010 payable ounces of gold and 2,390 payable ounces of silver.

The materials and supplies inventories at September 30, 2021 and December 31, 2020 are primarily related to the Rodeo operation and are reduced by a $0.3 million obsolescence reserve.