Investments

12 Months Ended

Dec. 31, 2021

Investment in Marketable Securities [Abstract]

Investment Holdings

INVESTMENTS

Equity Securities

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

	At December 31, 2021
In thousands	Cost		Gross Unrealized Losses		Gross Unrealized Gains		Estimated Fair Value
Equity Securities
Victoria Gold Corp.	$	128,710	$	(4,499)	$	—	$	124,211
Integra Resources Corp.	9,455		(1,469)		—		7,986
Equity securities	$	138,165	$	(5,968)	$	—	$	132,197

	At December 31, 2020
In thousands	Cost		Gross Unrealized Losses		Gross Unrealized Gains		Estimated Fair Value
Equity Securities
Metalla Royalty & Streaming Ltd.	$	166	$	—	$	875	$	1,041
Integra Resources Corp.	7,500		—		4,401		11,901
Other	2		(1)		—		1
Equity securities	$	7,668	$	(1)	$	5,276	$	12,943

Changes in the fair value of the Company’s investment in equity securities are recognized each period in the Consolidated Statement of Comprehensive Income (Loss) in Fair value adjustments, net. See Note 15 -- Fair Value Measurements for additional details.

On January 4, 2021, the Company completed the sale of 83,556 shares of common stock of Metalla Royalty & Streaming Ltd. (“Metalla”) (“Metalla Common Shares”) at an average price (net of commission) of $11.19 per Metalla Common Share for net proceeds of $0.9 million, resulting in a realized gain of $0.8 million.

On May 10, 2021, the Company entered into a Share Exchange Agreement (the “Exchange Agreement”) with Orion Co-VI Ltd. (“Orion”). Pursuant to the Exchange Agreement, Orion sold 11,067,714 common shares of Victoria Gold Corp., a British Columbia company (“Victoria”) (representing approximately 17.8% of Victoria’s outstanding common shares) to the Company. As consideration for the purchase of Victoria shares, Coeur issued 12,785,485 shares of its common stock (approximately 4.9% of issued and outstanding shares) to Orion.

On June 9, 2021, the Company purchased 265,312 shares of common of Integra Resources Corp. (“Integra”) at a price of $3.30 per share for a total of $0.9 million. On September 16, 2021, the Company purchased an additional 423,213 shares of common stock in Integra at a price of $2.55 per share for a total of $1.1 million. Following completion of the transactions, Coeur owned approximately 5.9% of issued and outstanding Integra Common Shares.