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Other Investments
 12 Months Ended
Dec. 31, 2017
Investments, All Other Investments [Abstract]  
Other Investments

3. Other Investments

 

Short-term investments

 

As of December 31, 2017 and 2016, the amortized cost basis of our short-term investments was $15,144 and $21,975, respectively. The amortized cost basis approximates fair value at December 31, 2017 and 2016. Short-term investments at December 31, 2017 are comprised of U.S. government treasury bills and/or notes, while short-term investments at December 31, 2016 were comprised of U.S. government and Australian treasury bills and/or notes, all of which have maturity dates greater than 90 days but less than one year.

 

Other investments - Midas Gold Shares

 

Upon initial recognition of its investment in the Midas Gold Shares, Vista elected to apply the fair value option, and as such, the investment is recorded at fair value in the Consolidated Balance Sheets.  Subsequent changes in fair value are recorded in the Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss) in the period in which they occur. 

 

The following table summarizes our investment in Midas Gold Shares as at December 31, 2017 and 2016.

 

 

 

 

 

 

 

 

 

 

    

December 31, 2017

    

December 31, 2016

 

Fair value at beginning of period

 

$

4,994

 

$

1,798

 

Gain/(loss) during the period

 

 

(1,248)

 

 

3,196

 

Fair value at end of period

 

$

3,746

 

$

4,994

 

 

 

 

 

 

 

 

 

Midas Gold Shares held at the end of the period

 

 

7,802,615

 

 

7,802,615