XML 43 R9.htm IDEA: XBRL DOCUMENT v3.20.4

Other Investments

12 Months Ended

Dec. 31, 2020

Other Investments

Short-term and Other Investments

3. Other Investments

​

Short-term investments

​

As of December 31, 2020 and 2019, the amortized cost basis of our short-term investments was $400 and $3,260, respectively. The amortized cost basis approximates fair value at December 31, 2020 and 2019. Short-term investments at December 31, 2020 and 2019 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) in the period in which they occur. During the year ended December 31, 2019, the Company sold 920,500 common shares of Midas Gold Corp. (“Midas Gold Shares”) for net proceeds of $413 at a loss of $2 compared to the most recent measurement period. Cumulative realized loss since acquisition of these Midas Gold 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. During the year ended December 31, 2020, the

Company sold all of its remaining Midas Gold Shares for net proceeds of $5,788 at a gain of $2,574 compared to the most recent measurement periods. Cumulative realized loss since acquisition of the Midas Gold Shares in April 2011 was $11,841, of which $14,415 was recognized in previous periods as unrealized loss, net. The Company held 1,333,334 shares of Nusantara Resources Limited (“Nusantara Resources”) as of December 31, 2020 and December 31, 2019.

​

The following table summarizes our investments in marketable securities as of December 31, 2020 and 2019.

​

​	​	​	​	​	​	​	​
​		December 31, 2020			December 31, 2019		​
Fair value at beginning of period	​	$	3,676	​	$	5,462	​
Midas Gold Shares sold	​	​	(5,788)	​	​	(415)	​
Nusantara Resources shares	​	​	—	​	​	272	​
Unrealized gain/(loss)	​	​	2,405	​	​	(1,643)	​
Fair value at end of period	​	$	293	​	$	3,676	​

​

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