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Investments

6 Months Ended

Jun. 30, 2023

Investments

Note 5 - Investments

Investments comprised the following:


			At June 30,				At December 31,
			2023				2022
Equity investments			$	229.7			$	224.6
Warrants				2.6				2.6
			$	232.3			$	227.2

(a)	Equity investments

Equity investments comprised the following:


			At June 30,				At December 31,
			2023				2022
Labrador Iron Ore Royalty Corporation ("LIORC")			$	148.6			$	157.0
Other				81.1				67.6
			$	229.7			$	224.6

During the six months ended June 30, 2023, the Company disposed of equity investments with a cost of $1.3 million (H1 2022 –$1.1 million) for gross proceeds of $1.9 million (H1 2022 –$1.7 million).

The change in the fair value of equity investments recognized in other comprehensive income for the periods ended June 30, 2023 and 2022 were as follows:


		For the three months ended							For the six months ended
		June 30,							June 30,
		2023				2022				2023				2022
(Loss) gain on changes in the fair value of equity investments at FVTOCI		$	(6.6)			$	(88.4)			$	1.2			$	(65.8)
Income tax recovery (expense) in other comprehensive income			0.8				11.6				(0.2)				8.7
(Loss) gain on changes in the fair value of equity investments at FVTOCI, net of income tax		$	(5.8)			$	(76.8)			$	1.0			$	(57.1)