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Note 2 - Investments and Restricted Cash
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Investments and Restricted Cash Disclosure [Text Block]
Note 2.    Investments and Restricted Cash
 
Investments
 
Our current investments, which are classified as "available for sale" and consist of bonds having maturities of greater than 90 days and less than 365 days, had a fair value and cost basis of $24.5 million at September 30, 2016. We held no such investments as of December 31, 2015.     
 
At September 30, 2016 and December 31, 2015, the fair value of our non-current investments was $6.4 million and $1.5 million, respectively.  Our non-current investments consist of marketable equity securities which are carried at fair value, and are primarily classified as “available-for-sale.” The cost basis of our non-current investments was approximately $4.1 million and $4.0 million at September 30, 2016 and December 31, 2015, respectively. In the first nine months of 2016, we acquired marketable equity securities having a cost basis of $0.9 million. During the first quarters of 2016 and 2015, we recognized impairment charges against current earnings of $1.0 million and $2.8 million, respectively, as we determined the impairments to be other-than-temporary.
 
Restricted Cash and Investments
 
Various laws, permits, and covenants require that funds be in place for certain environmental and reclamation obligations and other potential liabilities.  We had a current restricted cash balance of $3.9 million as of September 30, 2016 representing funds deposited in escrow to be applied towards settlement of environmental matters for the South Dakota Superfund site related to our subsidiary, CoCa Mines, Inc. (see
Note 4
for more information). Our non-current restricted investments are used primarily for reclamation funding or for funding surety bonds, and were $2.2 million and $1.0 million at September 30, 2016 and December 31, 2015, respectively. Non-current restricted investments primarily represent investments in money market funds and certificates of deposit.