OTHER RESERVES

12 Months Ended

Dec. 31, 2019

OTHER RESERVES

OTHER RESERVES

18.  OTHER RESERVES

The following table sets out the movements in other reserves during the years ended December 31, 2019 and December 31, 2018:

	Equity		Cash flow		Costs of
	securities		hedge		hedging
	reserve		reserve		reserve		Total
Balance at January 1, 2018	$	(19,800)	$	10,763	$	3,092	$	(5,945)
Net change in fair value		(39,585)		(6,984)		(3,092)		(49,661)
Transfer of loss on disposal of equity securities at FVOCI to deficit		1,290		—		—		1,290
Hedging gains transferred to property, plant and mine development		—		(3,779)		—		(3,779)
Balance at December 31, 2018	$	(58,095)	$	—	$	—	$	(58,095)
Net change in fair value		12,238		—		—		12,238
Transfer of gain on disposal of equity securities at FVOCI to deficit		(2,065)		—		—		(2,065)
Balance at December 31, 2019	$	(47,922)	$	—	$	—	$	(47,922)