XML 34 R9.htm IDEA: XBRL DOCUMENT v3.19.3
Short-term and Other Investments
9 Months Ended
Sep. 30, 2019
Short-term and Other Investments  
Other Investments

3. Short-term and Other Investments

 

Short-term investments

 

As of September 30, 2019, and December 31, 2018, the amortized cost basis of our short-term investments was $3,111 and $6,997, respectively. The amortized cost basis approximates fair value at September 30, 2019 and December 31, 2018. Short-term investments at September 30, 2019 and December 31, 2018 were comprised of U.S. government treasury bills and/or notes, all of which had maturity dates on the date of purchase greater than 90 days but less than one year. 

 

Other investments - Midas Gold Shares 

 

The Company’s investment in Midas Gold Shares was 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. 

 

As of September 30, 2019, and December 31, 2018, the Company held 7,802,615 shares of Midas Gold valued at $3,511 and $5,462 respectively. The unrealized loss on these shares was $234 and $1,951 for the three and nine months ending September 30, 2019, respectively. The unrealized loss on these shares was $274 and the unrealized gain was $1,754 for the three and nine months ending September 30, 2018, respectively.