XML 68 R9.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Other Investments | 12 Months Ended
--- | ---
Dec. 31, 2019
Other Investments |
Other Investments | 3. Other Investments Short-term investments As of December 31, 2019 and 2018, the amortized cost basis of our short-term investments was $3,260 and $6,997, respectively. The amortized cost basis approximates fair value at December 31, 2019 and 2018. Short-term investments at December 31, 2019 and 2018 are comprised of U.S. Government treasury bills and/or notes, all of which have maturity dates greater than 90 days but less than one year. Other investments Investments in marketable securities are 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. Most of our other investments are our investment in Midas Gold. We held 7,802,615 shares of Midas Gold at December 31, 2018. During the year ended December 31, 2019, the Company sold 920,500 Midas Gold Shares for net proceeds of $413 and a loss of $2 compared to the most recent measurement period. Cumulative realized loss since acquisition of these Midas shares was $1,975, of which $1,973 was recognized in previous periods as unrealized loss, net. We held 6,882,115 shares of Midas Gold at December 31, 2019. The Company also held 1,333,334 shares of Nusantara Resources Limited (“Nusantara Resources”) as of December 31, 2019. Of the $1,643 unrealized loss in 2019, $230 related to the 920,500 Midas Gold shares sold in 2019 and $1,413 related to the remaining Midas Gold and Nusantara Resources shares held at December 31, 2019. The following table summarizes our investments in marketable securities as at December 31, 2019 and 2018.
|  | December 31, 2019 |  | December 31, 2018 |
Fair value at beginning of period |  | $ | 5,462 |  | $ | 3,746 |
Midas Gold Shares sold |  |  | (415) |  |  | — |
Nusantara Resources shares |  |  | 272 |  |  | — |
Unrealized gain/(loss) |  |  | (1,643) |  |  | 1,716 |
Fair value at end of period |  | $ | 3,676 |  | $ | 5,462 |

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration