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Business Segments (Tables)
 3 Months Ended
Jun. 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   Six Months ended
      June 30,   June 30,
      2023   2022   2023   2022
  Revenues:                                
Revenues  Asset management   $ 1,420       912       2,490       1,751  
Revenues  Mining royalty lands     3,264       2,883       6,546       5,308  
Revenues  Development     467       408       953       791  
Revenues  Stabilized Joint Venture     5,545       5,425       10,821       10,485  
Revenues       10,696       9,628       20,810       18,335  
                                   
  Operating profit (loss):                                
   Before corporate expenses:                                
Operating profit before corporate expenses    Asset management   $ 681       419       1,158       711  
Operating profit before corporate expenses    Mining royalty lands     2,886       2,498       5,783       4,681  
Operating profit before corporate expenses    Development     (472 )     (581 )     (933 )     (1,299 )
Operating profit before corporate expenses    Stabilized Joint Venture     1,041       1,037       1,936       1,479  
Operating profit before corporate expenses     Operating profit before corporate expenses     4,136       3,373       7,944       5,572  
   Corporate expenses:                                
Corporate expenses   Allocated to asset management     (271 )     (225 )     (453 )     (369 )
Corporate expenses   Allocated to mining royalty lands     (154 )     (148 )     (261 )     (242 )
Corporate expenses   Allocated to development     (815 )     (816 )     (1,389 )     (1,337 )
Corporate expenses   Allocated to stabilized joint venture     (129 )     (118 )     (220 )     (194 )
Corporate expenses     Total corporate expenses     (1,369 )     (1,307 )     (2,323 )     (2,142 )
Operating profit     $ 2,767       2,066       5,621       3,430  
                                   
Interest expense Interest expense   $ 1,129       739       2,135       1,477  
                                   
  Depreciation, depletion and amortization:                                
Depreciation, depletion and amortization  Asset management   $ 359       230       637       464  
Depreciation, depletion and amortization  Mining royalty lands     151       189       334       244  
Depreciation, depletion and amortization  Development     41       47       96       92  
Depreciation, depletion and amortization  Stabilized Joint Venture     2,268       2,402       4,532       4,966  
Depreciation, depletion and amortization     $ 2,819       2,868       5,599       5,766  
  Capital expenditures:                                
Capital expenditures  Asset management   $ 65       145       545       595  
Capital expenditures  Mining royalty lands     —         11,126       —         11,217  
Capital expenditures  Development     867       2,426       1,461       5,379  
Capital expenditures  Stabilized Joint Venture     47       78       179       220  
Capital expenditures     $ 979       13,775       2,185       17,411  
Identifiable net assets

 

        June 30,       December 31,    
  Identifiable net assets   2023       2022    
                   
Assets Asset management $ 39,093       26,053    
Assets Mining royalty lands   48,324       48,494    
Assets Development   190,350       188,834    
Assets Stabilized Joint Venture   253,176       257,535    

Cash 

 Cash items   167,360       178,294    
Assets Unallocated corporate assets   1,593       1,874    
Assets   $ 699,896       701,084