INVESTMENTS

12 Months Ended

Dec. 31, 2024

INVESTMENTS

INVESTMENTS

10.INVESTMENTS

	As at December 31,		As at December 31,
	2024		2023
Equity securities	$	559,165	$	323,711
Share purchase warrants		53,724		21,546
Total investments	$	612,889	$	345,257

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

	As at December 31, 2024
	Equity		Share purchase
	securities		warrants		Total
Orla Mining Ltd.	$	152,697	$	36,730	$	189,427
Foran Mining Corporation		106,861		—		106,861
Rupert Resources Ltd.		88,690		—		88,690
ATEX Resources Inc.		33,543		7,460		41,003
Other(i)		177,374		9,534		186,908
Total investments	$	559,165	$	53,724	$	612,889

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

Note:

(i) The balance is comprised of 58 (2023 — 48) equity investments, none of which are individually material.