Investments

6 Months Ended

Jun. 30, 2023

Investment in Marketable Securities [Abstract]

INVESTMENTS

Equity Securities

From time to time, the Company makes strategic investments in equity securities of silver and gold exploration, development and royalty and streaming companies or receives securities as transaction consideration.


	At June 30, 2023
In thousands	Cost		Gross Unrealized Losses		Gross Unrealized Gains		Estimated Fair Value
Equity Securities


Avino Silver & Gold Mines Ltd	$	13,720	$	(4,483)	$	—	$	9,237
Other	2,233		(2,230)		—		3
Equity securities	$	15,953	$	(6,713)	$	—	$	9,240


	At December 31, 2022
In thousands	Cost		Gross Unrealized Losses		Gross Unrealized Gains		Estimated Fair Value
Equity Securities
Victoria Gold Corp.	$	70,560	$	(38,528)	$	—	$	32,032
Integra Resources Corp.	9,455		(7,115)		—		2,340
Avino Silver & Gold Mines Ltd	13,720		(4,199)		—		9,521
Other	2,233		(1,974)		—		259
Equity securities	$	95,968	$	(51,816)	$	—	$	44,152

Changes in the fair value of the Company’s investment in equity securities are recognized each period in the Condensed Consolidated Statement of Comprehensive Income (Loss) in Fair value adjustments, net. See Note 11 -- Fair Value Measurements for additional details.

In January 2023, the Company sold its remaining 6.0 million shares of common stock of Victoria Gold (“Victoria Gold Common Shares”) at a price of $6.70 per share, for net proceeds of $39.8 million.

In May 2023, the Company sold 3.7 million shares of common stock of Integra Resources Corporation (“Integra Common Shares”) at a price of $0.48 per share, for net proceeds of $1.8 million.