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Note 9 - Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2023
Table Text Block [Abstract]  
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]

Fair value adjustments, net is comprised of the following:

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Gain (loss) on derivative contracts

 

$

987

 

 

$

(201

)

Unrealized gain on equity securities investments

 

 

2,194

 

 

 

6,100

 

Gain on disposition or exchange of investments

 

 

 

 

 

66

 

Total fair value adjustments, net

 

$

3,181

 

 

$

5,965

 

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The table below sets forth our assets and liabilities that were accounted for at fair value on a recurring basis and the fair value calculation input hierarchy level that we have determined applies to each asset and liability category (in thousands).

Description

 

Balance at
March 31,
2023

 

 

Balance at
December 31,
2022

 

 

Input
Hierarchy Level

Assets:

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

Money market funds and other bank deposits

 

$

95,939

 

 

$

104,743

 

 

Level 1

Current and non-current investments

 

 

 

 

 

 

 

 

Equity securities - mining industry

 

 

26,434

 

 

 

24,018

 

 

Level 1

Trade accounts receivable:

 

 

 

 

 

 

 

 

Receivables from provisional concentrate sales

 

 

28,535

 

 

 

45,146

 

 

Level 2

Restricted cash balances:

 

 

 

 

 

 

 

 

Certificates of deposit and other deposits

 

 

1,347

 

 

 

1,164

 

 

Level 1

Derivative contracts - current and non-current derivatives assets:

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

 

2,359

 

 

 

1,518

 

 

Level 2

Metal forward contracts

 

 

6,636

 

 

 

1,309

 

 

Level 2

Total assets

 

$

161,250

 

 

$

177,898

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Derivative contracts - current derivatives liabilities and other non-current
liabilities:

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

6,674

 

 

$

7,548

 

 

Level 2

Metal forward contracts

 

 

4,682

 

 

 

14,643

 

 

Level 2

Total liabilities

 

$

11,356

 

 

$

22,191