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MARKETABLE EQUITY SECURITIES
12 Months Ended
Jun. 30, 2020
MARKETABLE EQUITY SECURITIES  
MARKETABLE EQUITY SECURITIES

5. MARKETABLE EQUITY SECURITIES

As of June 30, 2020, our marketable equity securities include 809,744 common shares of Contango Ore, Inc., 3,949,575 common shares of Battle North Gold Corporation (formerly Rubicon Minerals Corporation), and warrants to purchase up to 19,640,000 common shares of TriStar. Our marketable equity securities are measured at fair value (Note 12) each reporting period with any changes in fair value recognized in net income.

The fair value of our marketable equity securities increased $1.4 million and decreased $6.8 million for the years ended June 30, 2020 and 2019, respectively, and these changes are included in Fair value changes in equity securities on our consolidated statements of operation and comprehensive income (loss). The carrying value of our marketable equity securities as of June 30, 2020 and June 30, 2019 was $17.9 million and $16.0 million, respectively, and is included in Other assets on our consolidated balance sheets.