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Business Segments (Tables)
 3 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
business segments

Operating results and certain other financial data for the Company’s business segments are as follows (in thousands):

 

                                   
      Three Months ended   Nine months ended
      September 30,   September 30,
      2023   2022   2023   2022
  Revenues:                                
Revenues  Asset management   $ 1,442       935       3,932       2,686  
Revenues  Mining royalty lands     3,082       2,471       9,628       7,779  
Revenues  Development     434       412       1,387       1,203  
Revenues  Stabilized Joint Venture     5,633       5,476       16,454       15,961  
Revenues       10,591       9,294       31,401       27,629  
                                   
  Operating profit (loss):                                
   Before corporate expenses:                                
Operating profit before corporate expenses    Asset management   $ 697       392       1,855       1,103  
Operating profit before corporate expenses    Mining royalty lands     2,608       2,083       8,391       6,764  
Operating profit before corporate expenses    Development     (444 )     (865 )     (1,377 )     (2,164 )
Operating profit before corporate expenses    Stabilized Joint Venture     924       973       2,860       2,452  
Operating profit before corporate expenses     Operating profit before corporate expenses     3,785       2,583       11,729       8,155  
   Corporate expenses:                                
Corporate expenses   Allocated to asset management     (177 )     (127 )     (630 )     (496 )
Corporate expenses   Allocated to mining royalty lands     (99 )     (83 )     (360 )     (325 )
Corporate expenses   Allocated to development     (529 )     (457 )     (1,918 )     (1,794 )
Corporate expenses   Allocated to stabilized joint venture     (84 )     (67 )     (304 )     (261 )
Corporate expenses     Total corporate expenses     (889 )     (734 )     (3,212 )     (2,876 )
Operating profit     $ 2,896       1,849       8,517       5,279  
                                   
Interest expense Interest expense   $ 1,116       738       3,251       2,215  
                                   
  Depreciation, depletion and amortization:                                
Depreciation, depletion and amortization  Asset management   $ 369       219       1,006       683  
Depreciation, depletion and amortization  Mining royalty lands     138       172       472       416  
Depreciation, depletion and amortization  Development     44       47       140       139  
Depreciation, depletion and amortization  Stabilized Joint Venture     2,265       2,306       6,797       7,272  
Depreciation, depletion and amortization     $ 2,816       2,744       8,415       8,510  
  Capital expenditures:                                
Capital expenditures  Asset management   $ 12       202       557       797  
Capital expenditures  Mining royalty lands     —         1       —         11,218  
Capital expenditures  Development     2,179       8,548       3,640       13,927  
Capital expenditures  Stabilized Joint Venture     258       (25 )     437       195  
Capital expenditures     $ 2,449       8,726       4,634       26,137  
Identifiable net assets

Identifiable net assets

        September 30,       December 31,    
  Identifiable net assets   2023       2022    
                   

Assets 

 Asset management $ 39,155       26,053    
Assets Mining royalty lands   48,126       48,494    
Assets Development   194,297       188,834    
Assets Stabilized Joint Venture   251,677       257,535    
Cash Cash items   166,674       178,294    
Assets Unallocated corporate assets   1,228       1,874    
Assets   $ 701,157       701,084