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Note 2 - Investments and Restricted Cash
3 Months Ended
Mar. 31, 2013
Cash Investments And Restricted Cash
Note 2.    Investments and Restricted Cash

Investments
 

At March 31, 2013 and December 31, 2012, the fair value of our non-current investments was $9.4 million and $9.6 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 $10.7 and $8.1 million at March 31, 2013 and December 31, 2012, respectively.  During the first quarter of 2013 we acquired marketable equity securities with a cost basis of $2.6 million.

At March 31, 2013, total unrealized losses of $1.9 million for our non-current investments held and total unrealized gains of $0.6 million for non-current investments held 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 March 31, 2013 and December 31, 2012. Restricted investments primarily represent investments in money market funds and certificates of deposit.