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Note 2. Investments and Restricted Cash
6 Months Ended
Jun. 30, 2012
Investments And Restricted Cash
Note 2.    Investments and Restricted Cash

Investments

At June 30, 2012 and December 31, 2011, the fair value of our non-current investments was $2.7 million and $3.9 million, respectively.  Our non-current investments consist of marketable equity securities, which are carried at fair value as they are classified as “available-for-sale.” The cost basis of our non-current investments was approximately $3.5 million at June 30, 2012 and December 31, 2011.

At June 30, 2012, total unrealized loss positions of $0.8 million, net of unrealized gains of $0.2 million, for our non-current investments were included in accumulated other comprehensive loss.

Restricted Cash and Investments

Various laws, permits, and covenants require that financial assurances be in place for certain environmental and reclamation obligations and other potential liabilities.  These restricted investments are used primarily for reclamation funding or for funding surety bonds, and were $0.9 million at June 30, 2012 and December 31, 2011. Restricted investments primarily represent investments in money market funds and certificates of deposit.