Note 2 - Investments

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Investment [Text Block]

Note 2. Investments

At December 31, 2019 and 2018, the fair value of our non-current investments was $6.2 million and $6.6 million, respectively.  Our non-current investments consist of marketable equity securities which are carried at fair value. The cost basis of our non-current investments was approximately $9.8 million and $7.7 million at December 31, 2019 and 2018, respectively. We acquired marketable equity securities having a cost basis of $2.7 million, including $2.3 million in securities received for the sale of our interest in an exploration project, in 2019, and $2.4 million in 2018. In 2019, we sold marketable equity securities having a cost basis of $0.9 million. During 2019 and 2018, we recognized $2.4 million and $2.8 million, respectively, in net unrealized losses in current earnings.