Inventory and Ore on Leach Pads (Tables)

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Inventories

Inventory consists of the following:

In thousands	September 30, 2021		December 31, 2020
Inventory:
Concentrate	$	2,740	$	2,909
Precious metals	11,762		14,788
Supplies	37,832		33,513
	$	52,334	$	51,210
Ore on Leach Pads:
Current	$	74,803	$	74,866
Non-current	78,302		81,963
	$	153,105	$	156,829
Long-term Stockpile (included in Other)	$	16,636	$	5,664
Total Inventory and Ore on Leach Pads	$	222,075	$	213,703

    

Coeur reports the carrying value of metal and leach pad inventory at the lower of cost or net realizable value, with cost being determined using a weighted average cost method. At the end of the third quarter of 2021, the cost of metal and leach pad inventory at Rochester exceeded its net realizable value which resulted in a non-cash write down of $6.0 million (approximately $5.3 million was recognized in Costs Applicable to Sales and $0.7 million in Amortization).