Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Adjustments to Comprehensive income (Loss)

	Three Months Ended March 31,
In thousands	2023		2022
Change in the value of equity securities(1)	$	10,561	$	13,744
Termination of gold zero cost collars	—		(3,139)
Fair value adjustments, net	$	10,561	$	10,605

(1) Includes unrealized gains on held equity securities of $2.8 million, and $13.7 million for the three months ended March 31, 2023, and 2022, respectively.

Financial assets and liabilities measured at fair value on recurring basis

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

	Fair Value at March 31, 2023
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities including warrants	$	14,938	$	14,443	$	495	$	—
Provisional metal sales contracts	224		—		224		—
Silver forwards	555		—		555		—
	$	15,717	$	14,443	$	1,274	$	—
Liabilities:
Gold forwards	$	5,274	$	—	$	5,274	$	—
Provisional metal sales contracts	184		—		184		—
	$	5,458	$	—	$	5,458	$	—

	Fair Value at December 31, 2022
In thousands	Total		Level 1		Level 2		Level 3
Assets:
Equity securities	$	44,152	$	43,893	$	259	$	—
Provisional metal sales contracts	299		—		299		—
Gold forwards	12,343		—		12,343		—
	$	56,794	$	43,893	$	12,901	$	—
Liabilities:
Provisional metal sales contracts	$	10	$	—	$	10	$	—

Financial Assets and Liabilities not Measured at Fair Value

The fair value of financial assets and liabilities carried at book value in the financial statements at March 31, 2023 and December 31, 2022 is presented in the following table:

	March 31, 2023
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Deferred cash consideration	$	7,753	$	7,338	$	—	$	7,338	$	—
Liabilities:
2029 Senior Notes(1)	$	369,446	$	312,240	$	—	$	312,240	$	—
Revolving Credit Facility(2)	$	60,000	$	60,000	$	—	$	60,000	$	—

(1) Net of unamortized debt issuance costs of $5.6 million

(2) Unamortized debt issuance costs of $3.2 million included in Other Non-Current Assets.

	December 31, 2022
In thousands	Book Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Promissory note	$	4,926	$	4,579	$	—	$	4,579	$	—
Deferred cash consideration	$	7,677	$	7,317	$	—	$	7,317	$	—
Liabilities:
2029 Senior Notes(1)	$	369,212	$	291,924	$	—	$	291,924	$	—
Revolving Credit Facility(2)	$	80,000	$	80,000	$	—	$	80,000	$	—

(1) Net of unamortized debt issuance costs of $5.8 million.

(2) Unamortized debt issuance costs of $3.6 million included in Other Non-Current Assets.