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OTHER INVESTMENTS
 12 Months Ended
Mar. 31, 2022
Disclosure of other investments [Abstract]  
OTHER INVESTMENTS
6.OTHER INVESTMENTS

 

    March 31, 2022   March 31, 2021  
Equity investments designated as FVTOCI          
Public companies $ 2,383 $ 2,966  
Private companies   71   2,289  
    2,454   5,255  
Equity investments designated as FVTPL          
Public companies   11,533   10,478  
Private companies   3,781   -  
    15,314   10,478  
Total $ 17,768 $ 15,733  

 

Investments in publicly traded companies represent equity interests of other publicly-trading mining companies that the Company has acquired through the open market or through private placements. Investment in equity instruments that are held for trading are classified as FVTPL. For other investment in equity instruments, the Company can make an irrevocable election, on an instrument-by-instrument basis, to designate them as FVTOCI.

 

The continuity of such investments is as follows:

 

   Fair Value   Accumulated fair
value change
included in OCI		   Accumulated fair
value change
included in P&L		   Equity Investment
designated as
FVTOCI		   Equity Investment
designated as
FVTPL		 
April 1, 2020  $8,750   $(34,879)  $
-
   $8,750   $
-
 
Gain on equity investments designated as FVTOCI   12,069    12,069    
-
    12,551    
-
 
Gain on equity investments designated as FVTPL   7,188    
-
    7,188    
-
    7,732 
Acquisition   12,708    
-
    
-
    
-
    12,708 
Disposal   (19,301)   
-
    
-
    (16,607)   (10,742)
Reclassified to short-term investments   (7,511)   
-
    
-
           
Impact of foreign currency translation   1,830    
-
    
-
    561    780 
March 31, 2021  $15,733   $(22,810)  $7,188   $5,255   $10,478 
Loss on equity investments designated as FVTOCI   (1,526)   (1,526)   
-
    (1,526)   
-
 
Loss equity investments designated as FVTPL   (3,485)   
-
    (3,485)   
-
    (3,485)
Acquisition   8,235    
-
    
-
    
-
    8,235 
Disposal   (1,362)   
-
    
-
    (1,362)   
-
 
Impact of foreign currency translation   173    
-
    
-
    87    86 
March 31, 2022  $17,768   $(24,336)  $3,703   $2,454   $15,314