MARKETABLE EQUITY SECURITIES

6 Months Ended

Jun. 30, 2022

MARKETABLE EQUITY SECURITIES

MARKETABLE EQUITY SECURITIES

4.  MARKETABLE EQUITY SECURITIES

As of June 30, 2022, our marketable equity securities include warrants to purchase up to 19,640,000 common shares of TriStar Gold Inc. Our marketable equity securities are measured at fair value (Note 11) each reporting period with any changes in fair value recognized in net income.

The fair value of our marketable equity securities decreased $2.2 million and $1.6 million for the three and six months ended June 30, 2022, respectively, and increased $2.0 million and $3.9 million for the three and six months ended June 30, 2021, respectively. These changes are included in Fair value changes in equity securities on our consolidated statements of operations and comprehensive income. The carrying value of our marketable equity securities as of June 30, 2022 and December 31, 2021, was $0.2 million and $1.7 million, respectively, and is included in Other assets on our consolidated balance sheets.