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Investments
9 Months Ended
Sep. 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 September 30, 2020
In thousandsCostGross
Unrealized
Losses
Gross
Unrealized
Gains
Estimated
Fair Value
Equity Securities
Metalla Royalty & Streaming Ltd.$1,851 $— $5,269 $7,120 
Integra Resources Corp.7,500 — 2,576 10,076 
Rockhaven Resources Ltd.2,064 (136)— 1,928 
Other448 — 290 738 
Equity securities$11,863 $(136)$8,135 $19,862 
At December 31, 2019
In thousandsCostGross
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 
Other1,304 (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.
On September 14, 2020, the Company participated in an offering of shares of common stock of Integra Resources Corp. (“Integra”) (“Integra Common Shares”), exercising a previously-acquired participation right, and purchased an additional 735,294 Integra Common Shares at a price of $3.40 per Integra Common Share for a total of $2.5 million. Following completion of the transaction, Coeur owned approximately 5.6% of issued and outstanding Integra Common Shares.