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LONGTERM INVESTMENTS
 9 Months Ended
Sep. 30, 2024
LONG-TERM INVESTMENTS

6. 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,

 

 

 

2023

 

 

 Additions

 

 

exchange

 

 

for the period

 

 

2024

 

Talisker Resources Common Shares

 

$782

 

 

$-

 

 

$(7)

 

$155

 

 

$930

 

Silver Wolf Exploration Ltd. (“Silver Wolf”) Common Shares

 

 

71

 

 

 

426

 

 

 

(4)

 

 

(46)

 

 

447

 

Silver Wolf Exploration Ltd. Warrants

 

 

-

 

 

 

30

 

 

 

-

 

 

 

(3)

 

 

27

 

Endurance Gold Corp. Common Shares

 

 

81

 

 

 

-

 

 

 

(1)

 

 

(19)

 

 

61

 

Other

 

 

-

 

 

 

1

 

 

 

-

 

 

 

-

 

 

 

1

 

 

 

$934

 

 

$457

 

 

$(12)

 

$87

 

 

$1,466

 

 

Silver Wolf

 

During the nine months ended September 30, 2024, the Company received 2,292,000 common shares as part of debt settlement from Silver Wolf for $335 (C$458). The Company further acquired, by way of participation in Silver Wolf’s Listed Issuer Financing Exemption private placement, 833,334 units at a purchase price of C$0.15 consisting of 833,334 common shares and 416,667 non-transferable common share purchase warrants at an exercise price of C$0.25 as for a total investment of $91 (C$125). The share purchase warrants were recorded at a fair value. 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.