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INVESTMENTS

9 Months Ended

Sep. 30, 2020

INVESTMENTS

INVESTMENTS

NOTE 6 INVESTMENTS

The following is a summary of the activity in investments for the nine months ended September 30, 2020 and 2019:

As at

Additions/

Disposals/

Unrealized

Fair value

December 31,

transfers during

Net (loss) on

transfers during

(loss) on

September 30,

2019

period

securities sold

period

securities held

2020

Marketable equity securities

$

1,885

$

—

$

(619)

$

(1,266)

$

—

$

—


		As at			Additions/			Net gain			Disposals/			Unrealized			Fair value
		December 31,			transfers during			(loss) on			transfers during			gain on			September 30,
		2018			period			securities sold			period			securities held			2019
Marketable equity securities		$	2,718		$	2,314		$	3,375		$	(5,653)		$	470		$	3,224
Warrants			413			—			—			(1,540)			1,127			—
Investments		$	3,131		$	2,314		$	3,375		$	(7,193)		$	1,597		$	3,224

During the nine months ended September 30, 2020, the Company sold marketable equity securities for proceeds of $1.3 million (nine months ended September 30, 2019 - $5.7 million), and realized a loss of $0.6 million (nine months ended September 30, 2019 - realized a gain of $3.4 million).

The cost of marketable equity securities at September 30, 2020 was $nil (December 31, 2019 – $1.3 million).