Inventory and Ore on Leach Pads

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

INVENTORY AND ORE ON LEACH PADS

INVENTORY AND ORE ON LEACH PADS

Inventory consists of the following:

In thousands	June 30, 2019		December 31, 2018
Inventory:
Concentrate	$	8,478	$	10,772
Precious metals	14,846		20,761
Supplies	35,724		34,746
	59,048		66,279
Ore on leach pads:
Current	72,310		75,122
Non-current	76,910		66,964
	149,220		142,086
Total inventory and ore on leach pads	$	208,268	$	208,365

In the first half of 2019, Silvertip recognized a $27.3 million write-down of metal inventory as a result of lower than expected production levels, grades and recovery rates as well as reduced process plant availability. It is possible that additional write-downs will be required as the Company works to optimize operations at Silvertip.