MARKETABLE EQUITY SECURITIES

12 Months Ended

Dec. 31, 2022

MARKETABLE EQUITY SECURITIES

MARKETABLE EQUITY SECURITIES

5. MARKETABLE EQUITY SECURITIES

As of December 31, 2022, our marketable equity securities include warrants to purchase up to 19,640,000 common shares of TriStar Gold Inc. 250,000 common shares of Goldon Resources Ltd. and 1,242,500 common shares of Mountain Boy Minerals Ltd. The common shares of Goldon Resources Ltd. and Mountain Boy Minerals Ltd. were acquired as part of the GBR acquisition. Our marketable equity securities are measured at fair value (Note 13) each reporting period with any changes in fair value recognized in net income (amounts in thousands).

	December 31,		December 31,		June 30,		June 30,
	2022		2021		2021		2020
Carrying value of marketable securities	$	373	$	1,733	$	3,082	$	17,863
Change in fair value of marketable securities(1)	$	(1,503)	$	(1,350)	$	6,017	$	1,418

(1) Period ended December 31, 2021 is for six months ended.