Inventory and Ore on Leach Pads

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORY AND ORE ON LEACH PADS

INVENTORY AND ORE ON LEACH PADS

    Inventory consists of the following:

In thousands	June 30, 2024		December 31, 2023
Inventory:
Concentrate	$	3,187	$	3,606
Precious metals	19,413		20,395
Supplies	54,296		52,660
	$	76,896	$	76,661
Ore on Leach Pads:
Current	$	116,897	$	79,400
Non-current	41,226		25,987
	$	158,123	$	105,387
Long-term Stockpile (included in Other)	$	41,714	$	46,702
Total Inventory and Ore on Leach Pads	$	276,733	$	228,750

    

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. In the first quarter of 2024, the cost associated with the stock-pile at Rochester exceeded its net realizable value, which resulted in non-cash write down of $4.0 million ($3.2 million was recognized in Costs applicable to sales and $0.8 million in Amortization).