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AVAILABLE-FOR-SALE SECURITIES
12 Months Ended
Dec. 31, 2017
AVAILABLE-FOR-SALE SECURITIES  
AVAILABLE-FOR-SALE SECURITIES

 

8.   AVAILABLE-FOR-SALE SECURITIES

                                                                                                                                                                                    

 

 

 

As at
December 31,
2017

 

 

As at
December 31,
2016

 

 

 


 

Cost

 

$

142,546

 

$

91,200

 


 

Accumulated impairment losses

 

 

(44,070

)

 

(36,017

)


 

Unrealized gains in accumulated other comprehensive income

 

 

24,669

 

 

37,634

 


 

Unrealized losses in accumulated other comprehensive income

 

 

(370

)

 

(507

)


 

Total estimated fair value of available-for-sale securities

 

$

122,775

 

$

92,310

 


 

During the year ended December 31, 2017, the Company received net proceeds of $0.3 million (2016 – $6.0 million) and recognized a gain before income taxes of $0.2 million (2016 – $3.5 million) on the sale of certain available-for-sale securities.

During the year ended December 31, 2017, the Company recorded an impairment loss of $8.5 million (2016 – nil) on certain available-for-sale securities that were determined to have an impairment that was significant or prolonged.