OTHER, NET

Other, net consists of the following:



	Three months ended September 30,						Nine months ended September 30,
In thousands	2018			2017			2018			2017
Foreign exchange gain (loss)	$	(3,104	)	$	(39	)	$	(7,083	)	$	1,953
Gain (loss) on sale of assets and investments	(28		)	878			316			(674		)
Write-down of Manquiri consideration	(18,599		)	—			(18,599		)	—
Gain on sale of the Joaquin project	—			—			—			21,138
Gain on repurchase of the Rochester royalty obligation	—			—			—			2,332
Gain on sale of Endeavor stream and other royalties	—			1,172			—			1,172
Mexico inflation adjustment	—			—			1,939			—
Other	828			350			3,581			1,213
Other, net	$	(20,903	)	$	2,361		$	(19,846	)	$	27,134

In September 2018, the Company entered into a Letter Agreement with Ag-Mining Investments, AB, a privately-held Swedish company, the purchaser of Manquiri (the “Buyer”), pursuant to which the total aggregate principal amount of the Manquiri Notes Receivable received as partial consideration in the Manquiri Divestiture (as defined below) was reduced from $28.5 million to $25.0 million (as defined below) and the Buyer made a concurrent cash payment of $15.0 million to the Company in respect of the Manquiri Notes Receivable (as defined below). In addition, the Company also agreed to suspend the quarterly payments in respect of the 2.0% net smelter returns royalty on all metals processed through the San Bartolomé mine’s processing facility (the “NSR”) received as partial consideration in the Manquiri Divestiture until October 15, 2019 and to forgo any rights the Company retained in the transaction to any value added tax (“VAT”) refunds collected or received by Manquiri. Based on the Company’s evaluation of the terms of the Letter Agreement, the Company recorded an $18.6 million write-down that is made up of $13.1 million on the VAT refunds, $3.6 million on the Manquiri Notes Receivable and $1.9 million on the NSR, See Note 10 -- Fair Value Measurements and 21 -- Discontinued Operations for additional detail.