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Interests in Resource Properties (Tables)

12 Months Ended

Dec. 31, 2022

Interests in Resource Properties.

Schedule of components of interests in resource properties


		2022			2021
Iron ore royalty interest		$	201,802		$	206,439
Hydrocarbon development and production assets			—			31,260
Exploration and evaluation assets – hydrocarbon probable reserves			—			12,367
Exploration and evaluation assets – hydrocarbon undeveloped lands			—			4,640
		$	201,802		$	254,706

Schedule of movements in interest in resource properties

Note 12. Interests in Resource Properties (continued)

The movements in the iron ore royalty interest and hydrocarbon development and production assets included in non-current assets during the year ended December 31, 2022 were as follows:


								Reclassification
		Opening			Decommissioning			to assets			Ending
Costs		balance			obligations			held for sale			balance
Iron ore royalty interest		$	218,203		$	—		$	—		$	218,203
Hydrocarbon development and production assets			46,592			1,339			(47,931)			—
		$	264,795		$	1,339		$	(47,931)		$	218,203


								Reclassification
		Opening						to assets			Ending
Accumulated depreciation		balance			Additions			held for sale			balance
Iron ore royalty interest		$	11,764		$	4,637		$	—		$	16,401
Hydrocarbon development and production assets			15,332			2,559			(17,891)			—
			27,096		$	7,196		$	(17,891)			16,401
Net book value		$	237,699								$	201,802

The movements in the iron ore royalty interest and hydrocarbon development and production assets included in non-current assets during the year ended December 31, 2021 were as follows:


		Opening			Decommissioning			Ending
Costs		balance			obligations			balance
Iron ore royalty interest		$	218,203		$	—		$	218,203
Hydrocarbon development and production assets			45,754			838			46,592
		$	263,957		$	838		$	264,795


		Opening						Ending
Accumulated depreciation		balance			Additions			balance
Iron ore royalty interest		$	6,853		$	4,911		$	11,764
Hydrocarbon development and production assets			12,756			2,576			15,332
			19,609		$	7,487			27,096
Net book value		$	244,348					$	237,699

Schedule of movements in exploration and evaluation assets


		2022						2021
		Probable			Undeveloped			Probable			Undeveloped
		reserves			lands			reserves			lands
Balance, beginning of year		$	12,367		$	4,640		$	12,367		$	4,640
Reclassification to assets held for sale			(12,367)			(4,640)			—			—
Balance, end of year		$	—		$	—		$	12,367		$	4,640