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LONGTERM INVESTMENTS | 9 Months Ended
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Sep. 30, 2022
Long Term Investments | 7. LONG-TERM INVESTMENTS The Company classifies its long-term investments as designated at fair value through profit and loss under IFRS 9. Long-term investments are summarized as follows:
|  | Fair Value December 31, |  |  | Net |  |  | Movements in foreign |  |  | Fair value adjustments |  |  | Fair Value September 30, |
|  | 2021 |  |  | Additions |  |  | exchange |  |  | for the period |  |  | 2022 |
Talisker Resources Common Shares |  | $ | 3,880 |  |  | $ | - |  |  | $ | (132 | ) |  | $ | (2,475 | ) |  | $ | 1,273 |
Silver Wolf Exploration Ltd. Common Shares |  |  | 59 |  |  |  | 31 |  |  |  | (5 | ) |  |  | (34 | ) |  |  | 51 |
Endurance Gold Corp. Common Shares |  |  | - |  |  |  | 26 |  |  |  | (3 | ) |  |  | 6 |  |  |  | 29 |
|  | $ | 3,939 |  |  | $ | 57 |  |  | $ | (140 | ) |  | $ | (2,503 | ) |  | $ | 1,353 |
Silver Wolf Exploration Ltd. During the nine months ended September 30, 2022, the Company received 250,000 common shares (September 30, 2021 - received 131,718 common shares and 300,000 share purchase warrant at an exercise price of C$0.20) as part of the terms in the Option Agreement with Silver Wolf Exploration Ltd. Upon acquisition, the fair value of these common shares were recorded as “Option Income” as a credit to exploration and evaluation assets (see Note 8). Any subsequent revaluation under IFRS 9 at fair value through profit and loss will be recorded as a gain or loss on long-term investments. See Note 8 for full details of the Option Agreement. Endurance Gold Corp. During the nine months ended September 30, 2022, the Company received 100,000 common shares as part of the terms of the Option Agreement with Endurance Gold Corp. Upon acquisition, the fair value of these common shares were recorded as “Other Income” on the statement of profit and loss. Any subsequent revaluation under IFRS 9 at fair value through profit and loss will be recorded as a gain or loss on long-term investments. See Note 8 for full details of the Option Agreement.

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