Investments

6 Months Ended

Jun. 30, 2020

Investment in Marketable Securities [Abstract]

Investments in Debt and Marketable Equity Securities

INVESTMENTS

Equity and Debt Securities

        The Company makes strategic investments in equity and debt securities of silver and gold exploration, development and royalty and streaming companies.

	At June 30, 2020
In thousands	Cost		Gross Unrealized Losses		Gross Unrealized Gains		Estimated Fair Value
Equity Securities
Metalla Royalty & Streaming Ltd.	$	1,852	$	—	$	2,964	$	4,816
Integra Resources Corp.	5,000		—		3,023		8,023
Rockhaven Resources Ltd.	2,064		(398)		—		1,666
Other	448		—		133		581
Equity securities	$	9,364	$	(398)	$	6,120	$	15,086

	At December 31, 2019
In thousands	Cost		Gross Unrealized Losses		Gross Unrealized Gains		Estimated Fair Value
Equity Securities
Metalla Royalty & Streaming Ltd.	$	10,463	$	—	$	17,725	$	28,188
Integra Resources Corp.	5,000		—		355		5,355
Rockhaven Resources, Ltd.	2,064		(376)		—		1,688
Other	1,304		(889)		—		415
Equity securities	$	18,831	$	(1,265)	$	18,080	$	35,646

On June 30, 2020, the Company completed the sale of 3,910,000 shares of common stock of Metalla Royalty & Streaming Ltd. (“Metalla”) (“Metalla Common Shares”) at a price of $5.30 per Metalla Common Share for gross proceeds of $20.7 million. After transaction related expenses of $1.3 million, the Company recorded a realized gain of $11.6 million on the sale of the Metalla Common Shares. In addition, on June 30, 2020, one of the Company’s subsidiaries completed the repurchase from Metalla of a 0.3875% royalty interest in the Company’s Wharf mine in exchange for 421,554 Metalla Common Shares. Based on the closing price of Metalla Common Shares on June 30, 2020, the Company recorded a realized gain of $1.4 million on the royalty repurchase transaction. Following the completion of both transactions, the Company held 909,756 Metalla Common Shares.