INVESTMENTS

12 Months Ended

Dec. 31, 2023

10.INVESTMENTS


	As at December 31,		As at December 31,
	2023		2022
Equity securities	$	323,711	$	304,618
Share purchase warrants		21,546		28,124
Total investments	$	345,257	$	332,742

The following tables set out details of the Company’s largest equity investments by carrying value:


	As at December 31, 2023
			Share purchase
	Equity securities		warrants		Total
Orla Mining Ltd.	$	90,158	$	15,093	$	105,251
Rupert Resources Ltd.		88,505		—		88,505
Canada Nickel		16,894		1,830		18,724
Other⁽ⁱ⁾		128,154		4,623		132,777
Total investments	$	323,711	$	21,546	$	345,257


	As at December 31, 2022
			Share purchase
	Equity securities		warrants		Total
Rupert Resources Ltd.	$	105,324	$	—	$	105,324
Orla Mining Ltd.		95,548		27,152		122,700
Wallbridge Mining Company Ltd.		11,499		—		11,499
White Gold Corp.		9,823		6		9,829
Other⁽ⁱ⁾		82,424		966		83,390
Total investments	$	304,618	$	28,124	$	332,742

Note:

(i) The balance is comprised of 48 (2022 — 43) equity investments none of which are individually material.

10.INVESTMENTS (Continued)

Disposal of Equity Securities

During the year ended December 31, 2023 the Company sold its interest in certain equity securities. The fair value at the time of sale was $0.5 million and the Company recognized a cumulative net loss on disposal of $2.9 million ($2.2 million, net of tax), which was transferred from other reserves to retained earnings in the consolidated balance sheets. There were no disposals of equity securities in the year ended December 31, 2022.