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Investments in Associates (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of associates [line items]

Summary of Changes in Carrying Amount of Associate

The following table summarizes the changes in the carrying amount of the Company’s investments in associates:

In $000s		Hod Maden Interest				Entrée Resources Ltd.				Sandbox         Royalties Corp.				Horizon Copper Corp.				Total Investments in Associates
At December 31, 2020		$	96,666			$	16,240			$	-			$	-			$	112,906
Capital investment			672				6,220				-				-				6,892
Company’s share of net loss of associate			(253	)			(690	)			-				-				(943	)
Currency translation adjustments			(33,772	)			(494	)			-				-				(34,266	)
At December 31, 2021		$	63,313			$	21,276			$	-			$	-			$	84,589
Acquisition (disposal) of investment in associate			(52,645	)			(20,633	)			18,647				10,687				(43,944	)
Capital investment			3,818				-				-				-				3,818
Company’s share of net loss of associate			(745	)			(478	)			(307	)			(2,124	)			(3,654	)
Currency translation adjustments			(13,741	)			(165	)			(62	)			424				(13,544	)
At December 31, 2022		$	-			$	-			$	18,278			$	8,987			$	27,265

Sandbox Royalties Corp [Member]

Disclosure of associates [line items]

Summarized Financial Information of Associate

Summarized financial information for the Company’s interest in Sandbox Royalties Corp., which is incorporated in Canada, on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows:

In $000s		Year Ended                     December 31, 2022
Revenue		$	355
Depletion			(267	)
Administration expenses			(272	)
Other (expense) income			(1,341	)
Total net loss		$	(1,525	)
Company’s share of net loss of associate		$	(307	)

In $000s		As at                     December 31, 2022
Current Assets		$	6,615
Non-current Assets			71,993
Total Assets		$	78,608
Current Liabilities			86
Non-current Liabilities			15,975
Total Liabilities		$	16,061
Net Assets		$	62,547
Company’s share of net assets of associate			12,600
Adjustments to Sandstorm’s share of net assets			5,678
Carrying amount of investment in associate		$	18,278

Horizon Copper Corp [Member]

Disclosure of associates [line items]

Summarized Financial Information of Associate

Summarized financial information for the Company’s interest in Horizon Copper Corp., which is incorporated in Canada, on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies is as follows:

In $000s		Year Ended                     December 31, 2022
Revenue		$	-
Administration expenses			(666	)
Other (expense) income			(5,582	)
Total net loss		$	(6,248	)
Company’s share of net loss of associate		$	(2,124	)

In $000s		As at                     December 31, 2022
Current Assets		$	41,360
Non-current Assets			259,523
Total Assets		$	300,883
Current Liabilities			141
Non-current Liabilities			271,163
Total Liabilities		$	271,304
Net Assets		$	29,579
Company’s share of net assets of associate			10,057
Adjustments to Sandstorm’s share of net assets			(1,070	)
Carrying amount of investment in associate		$	8,987

X

- Definition

The disclosure of the reconciliation of the summarised financial information of an associate accounted for using the equity method to the carrying amount of the reporting entity's interest in the associate. [Refer: Carrying amount [member]; Associates [member]]

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