Related Party Transactions

3 Months Ended

Mar. 31, 2023

Related Party Transactions [Abstract]

Related Party Transactions

Note 12. Related Party Transactions

The Company enters into related party transactions with its joint ventures. For the three month periods ended March 31, 2023, pulp purchases from the Company's 50% owned Cariboo mill, which are transacted at the Cariboo mill's cost, were $26,797 (2022 – $20,651) and as of March 31, 2023, the Company had a payable balance to the Cariboo mill of $5,936 (December 31, 2022 – payable of $4,409). For the three month period ended March 31, 2023, services from the Company's 50% owned logging and chipping operation, which are transacted at arm's length negotiated prices, were $4,016 (2022 – $4,660) and as of March 31, 2023, the Company had a payable balance to the operation of $2 (December 31, 2022 – receivable of $522).