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Short-term and Other Investments
3 Months Ended
Mar. 31, 2019
Short-term and Other Investments  
Other Investments

3. Short-term and Other Investments

 

Short-term investments

 

As of March 31, 2019 and December 31, 2018, the amortized cost basis of our short-term investments was $6,012 and $6,997, respectively. The amortized cost basis approximates fair value at March 31, 2019 and December 31, 2018. Short-term investments at March 31, 2019 and December 31, 2018 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 

 

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 March 31, 2019 and December 31, 2018.  The gain/(loss) amounts are as of the three months ended March 31, 2019 and year ended December 31, 2018.

 

 

 

 

 

 

 

 

 

 

    

March 31, 2019

    

December 31, 2018

 

Fair value at beginning of period

 

$

5,462

 

$

3,746

 

Gain/(loss) during the period

 

 

(624)

 

 

1,716

 

Fair value at end of period

 

$

4,838

 

$

5,462

 

 

 

 

 

 

 

 

 

Midas Gold Shares held at the end of the period

 

 

7,802,615

 

 

7,802,615