INVENTORIES

12 Months Ended

Dec. 31, 2020


	At December 31,
	2020		2019
Materials and supplies	$	673	$	655
In-process	148		189
Concentrate (1)	39		96
Precious metals (2)	103		74
	$	963	$	1,014

____________________________

(1)Concentrate includes gold, copper, silver, lead and zinc.

(2)Precious metals includes gold and silver doré.

In 2020, the Company recorded write-downs of $2 and $1, classified as components of Costs applicable to sales and Depreciation and amortization, respectively. The write-downs in 2020 related to CC&V.

In 2019, the Company recorded write-downs of $18 and $5, classified as components of Costs applicable to sales and Depreciation and amortization, respectively. Of the write-downs in 2019, $10 were related to CC&V, $5 to Nevada Gold Mines and $8 to Phoenix.

In 2018, the Company recorded write-downs of $14 and $2, classified as components of Costs applicable to sales and Depreciation and amortization, respectively. Of the write-downs in 2018, $5 were related to CC&V, $2 to Yanacocha, $2 to Carlin, $5 to Phoenix and $2 to Twin Creeks.

STOCKPILES AND ORE ON LEACH PADS


	At December 31,
	2020		2019
Current:
Stockpiles	$	514	$	493
Ore on leach pads	313		319
	$	827	$	812
Non-current:
Stockpiles	$	1,446	$	1,154
Ore on leach pads	259		330
	$	1,705	$	1,484
Total:
Stockpiles	$	1,960	$	1,647
Ore on leach pads	572		649
	$	2,532	$	2,296


	Stockpiles				Leach pads
	At December 31,				At December 31,
	2020		2019		2020		2019
Stockpiles and ore on leach pads:
CC&V	$	19	$	6	$	226	$	239

Musselwhite	1		53		—		—
Porcupine	12		2		—		—
Éléonore	1		1		—		—
Peñasquito	307		193		—		—
Yanacocha	37		55		151		181
Merian	29		45		—		—
Cerro Negro	4		—		—		—
Boddington	482		458		—		—
Tanami	7		4		—		—

Ahafo	422		403		—		—
Akyem	138		126		—		—
Nevada Gold Mines	501		301		195		229




	$	1,960	$	1,647	$	572	$	649

In 2020, the Company recorded write-downs of $42 and $22, classified as components of Costs applicable to sales and Depreciation and amortization, respectively, to reduce the carrying value of stockpiles and ore on leach pads to net realizable value. Of the write-downs in 2020, $24 was related to Yanacocha and $40 to NGM.

In 2019, the Company recorded write-downs of $112 and $45, classified as components of Costs applicable to sales and Depreciation and amortization, respectively, to reduce the carrying value of stockpiles and ore on leach pads to net realizable value. Of the write-downs in 2019, $15 is related to CC&V, $21 to Yanacocha, $22 to Boddington, $34 to Akyem, $18 to Nevada Gold Mines, $44 to Carlin and $3 to Twin Creeks. In July 2019, Carlin and Twin Creeks were contributed to NGM. See Note 1 for additional information.

In 2018, the Company recorded write-downs of $257 and $97, classified as components of Costs applicable to sales and Depreciation and amortization, respectively, to reduce the carrying value of stockpiles and ore on leach pads to net realizable value. Of the write-downs in 2018, $7 were related to CC&V, $51 to Yanacocha, $46 to Ahafo, $56 to Akyem, $152 to Carlin and $42 to Twin Creeks.