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Investments

12 Months Ended

Dec. 31, 2023

Investments

Note 6 – Investments

Investments comprised the following:


			At December 31,				At December 31,
			2023				2022
Equity investments			$	246.4			$	224.6
Warrants				8.1				2.6
			$	254.5			$	227.2

Equity Investments

Equity investments comprised the following:


			At December 31,				At December 31,
			2023				2022
Labrador Iron Ore Royalty Corporation ("LIORC")			$	152.7			$	157.0
G Mining Ventures				47.6				22.8
Other				46.1				44.8
			$	246.4			$	224.6

During the year ended December 31, 2023, the Company disposed of equity investments with a cost of $1.5 million (2022 - $1.1 million) for gross proceeds of $2.0 million (2022 – $1.8 million).

The change in the fair value of equity investments recognized in other comprehensive income (loss) for the years ended December 31, 2023 and 2022 were as follows:


			2023				2022
Gain (loss) on changes in the fair value of equity investments at FVTOCI			$	8.4			$	(42.3)
Income tax (expense) recovery in other comprehensive income (loss)				(1.1)				5.6
Gain (loss) on changes in the fair value of equity investments at FVTOCI, net of income tax			$	7.3			$	(36.7)