Short-term and Other Investments

6 Months Ended

Jun. 30, 2018

Short-term and Other Investments [Abstract]

3. Short-term and Other Investments

Short-term investments

As of June 30, 2018 and December 31, 2017, the amortized cost basis of our short-term investments was $8,978 and $15,144, respectively. The amortized cost basis approximates fair value at June 30, 2018 and December 31, 2017. Short-term investments at June 30, 2018 and December 31, 2017 are comprised of U.S. government treasury bills and/or notes, all of which have maturity dates on the date of purchase greater than 90 days but less than one year.

Other investments - Midas Gold Shares

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

The following table summarizes our investment in Midas Gold Shares as of June 30, 2018 and December 31, 2017.


	June 30, 2018		December 31, 2017
Fair value at beginning of period	$	3,746	$	4,994
Gain/(loss) during the period		2,028		(1,248)
Fair value at end of period	$	5,774	$	3,746

Midas Gold Shares held at the end of the period		7,802,615		7,802,615