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v3.24.1.u1

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Assets and Liabilities (Details) $ in Thousands | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2024 USD ($) | Mar. 31, 2024 $ / shares | Dec. 31, 2023 USD ($)
Assets: |  |  |
Cash | $ 467,010 |  | $ 492,393
Restricted cash | 102 |  | 101
Marketable securities | 33,017 |  | 28,351
Trade receivables from provisional sales, net | 55,220 |  | 86,897
Deferred consideration | 21,843 |  | 21,213
Total assets | 577,192 |  | 628,955
Liabilities: |  |  |
Contingent consideration | 28,986 |  | 29,648
Total liabilities | 31,180 |  | 31,079
EMX Common Share |  |  |
Liabilities: |  |  |
Option liability - EMX shares | $ 2,194 |  | 1,431
EMX Common Share | Disposal Group, Disposed of by Sale | Royalty Portfolio |  |  |
Liabilities: |  |  |
Share price (in canadian dollars per share) | $ / shares |  | $ 2.34 |
Exercise price (in canadian dollars per share) | $ / shares |  | $ 2.27 |
Expected life (in years) | 1 year |  |
Risk free interest rate term (in years) | 1 year |  |
Risk-free interest rate (as a percent) | 5.00% |  |
Annualized volatility (as a percent) | 34.90% |  |
Level 1 |  |  |
Assets: |  |  |
Cash | $ 467,010 |  | 492,393
Restricted cash | 102 |  | 101
Marketable securities | 33,017 |  | 28,351
Trade receivables from provisional sales, net | 0 |  | 0
Deferred consideration | 0 |  | 0
Total assets | 500,129 |  | 520,845
Liabilities: |  |  |
Contingent consideration | 0 |  | 0
Total liabilities | 0 |  | 0
Level 1 | EMX Common Share |  |  |
Liabilities: |  |  |
Option liability - EMX shares | 0 |  | 0
Level 2 |  |  |
Assets: |  |  |
Cash | 0 |  | 0
Restricted cash | 0 |  | 0
Marketable securities | 0 |  | 0
Trade receivables from provisional sales, net | 55,220 |  | 86,897
Deferred consideration | 0 |  | 0
Total assets | 55,220 |  | 86,897
Liabilities: |  |  |
Contingent consideration | 0 |  | 0
Total liabilities | 2,194 |  | 1,431
Level 2 | EMX Common Share |  |  |
Liabilities: |  |  |
Option liability - EMX shares | 2,194 |  | 1,431
Level 3 |  |  |
Assets: |  |  |
Cash | 0 |  | 0
Restricted cash | 0 |  | 0
Marketable securities | 0 |  | 0
Trade receivables from provisional sales, net | 0 |  | 0
Deferred consideration | 21,843 |  | 21,213
Total assets | 21,843 |  | 21,213
Liabilities: |  |  |
Contingent consideration | 28,986 |  | 29,648
Total liabilities | 28,986 |  | 29,648
Level 3 | EMX Common Share |  |  |
Liabilities: |  |  |
Option liability - EMX shares | $ 0 |  | $ 0

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