Inventory and Ore on Leach Pads

9 Months Ended

Sep. 30, 2022

Inventory consists of the following:


In thousands	September 30, 2022		December 31, 2021
Inventory:
Concentrate	$	3,688	$	1,643
Precious metals	13,164		11,353
Supplies	42,553		38,285
	$	59,405	$	51,281
Ore on Leach Pads:
Current	$	83,647	$	81,128
Non-current	58,221		73,495
	$	141,868	$	154,623

Long-term Stockpile (included in Other)	$	23,955	$	18,027

Total Inventory and Ore on Leach Pads	$	225,228	$	223,931

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. During the first nine months of 2022, the cost of metal and leach pad inventory at Rochester exceeded its net realizable value which resulted in a non-cash write down for the three and nine months ended September 30, 2022 of $24.2 million ($21.2 million was recognized in Costs Applicable to Sales and $3.0 million in Amortization) and $43.2 million ($38.0 million was recognized in Cost Applicable to Sales and $5.2 million in Amortization), respectively.