XML 70 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
INVESTMENTS (Table)
 12 Months Ended
Dec. 31, 2017
INVESTMENTS[Abstract]  
Disclosure of Detailed Information about Financial Instruments

As of and for the year ended December 31, 2017:

 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Fair Value

 

Net Additions

 

 

 

Fair Value

 

Fair Value

In $000s

 

Jan. 1, 2017

 

(Disposals)

 

Transfers

 

Adjustment

 

Dec. 31, 2017

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares1

 

$

 -

 

$

 -

 

$

 3,252 

 

$

 -

 

$

 3,252 

Convertible debt instruments2

 

 

 -

 

 

 -

 

 

 15,000 

 

 

 -

 

 

 15,000 

Total short-term investments

 

$

 -

 

$

 -

 

$

 18,252 

 

$

 -

 

$

 18,252 

Non-current investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares1

 

$

 28,850 

 

$

 6,965 

 

$

 (3,252)

 

$

 8,159 

 

$

 40,722 

Warrants2

 

 

 3,404 

 

 

 (1,979)

 

 

 -

 

 

 1,888 

 

 

 3,313 

Convertible debt instruments2

 

 

 29,039 

 

 

 (1,383)

 

 

 (15,000)

 

 

 3,939 

 

 

 16,595 

Total non-current investments

 

$

 61,293 

 

$

 3,603 

 

$

 (18,252)

 

$

 13,986 

 

$

 60,630 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Investments

 

$

 61,293 

 

$

 3,603 

 

$

 -

 

$

 13,986 

 

$

 78,882 





 

 



1)

Fair value adjustment recorded within Other Comprehensive Income (loss) for the year.



2)

Fair value adjustment recorded within Net Income (loss) for the year.



 

In connection with a series of business transactions resulting in Equinox Gold Corp.  (“Equinox”), Sandstorm was able to monetize a number of its historical debt and equity investments held in Equinox’s predecessor companies.  On March 31, 2017, the term debt facility that was owed to Sandstorm, in the amount of $20 million plus accrued interest, was settled in the form of equity of Equinox. The Company recognized a gain of $1.8 million on the settlement of that debt.  In addition, on January 3, 2018, the Company closed its previously announced agreement to sell $18.3 million in debt and equity securities of Equinox to Mr. Ross Beaty, the new chairman of Equinox. The value of these debt and equity securities have been classified as short-term investments on the Company’s Consolidated Statement of Financial Position.

 

As of and for the year ended December 31, 2016:

 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Fair Value

 

Net Additions

 

 

 

Fair Value

 

Fair Value

In $000s

 

Jan. 1, 2016

 

(Disposals)

 

Transfers

 

Adjustment

 

Dec. 31, 2016

Common shares1

 

$

 14,990 

 

$

 (3,042)

 

$

 -

 

$

 16,902 

 

$

 28,850 

Warrants2

 

 

 35 

 

 

 (1,240)

 

 

 -

 

 

 4,609 

 

 

 3,404 

Convertible debt instruments2

 

 

 11,555 

 

 

-

 

 

 -

 

 

 17,484 

 

 

 29,039 

Total Investments

 

$

 26,580 

 

$

 (4,282)

 

$

 -

 

$

 38,995 

 

$

 61,293 





 

 



1)

Fair value adjustment recorded within Other Comprehensive Income (loss) for the year.



2)

Fair value adjustment recorded within Net Income (loss) for the year.