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Other, Net
 12 Months Ended
Dec. 31, 2018
Other Income and Expenses [Abstract]  
OTHER, NET
OTHER, NET
Other, net consists of the following:
 
Year ended December 31,
In thousands
2018
 
2017
 
2016
Foreign exchange gain (loss)
$
(9,069
)
 
$
1,281

 
$
(11,456
)
Write-down of Manquiri consideration
(18,599
)
 
—

 
—

RMC receivable write-down
(6,536
)
 
—

 
—

Mexico inflation adjustment
1,939

 
—

 
—

Interest income on notes receivable
1,776

 
—

 
—

Gain (loss) on sale of assets and investments
19

 
(1,037
)
 
11,334

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
—

 
1,036

 
—

Impairment of equity securities
—

 
(426
)
 
(703
)
Other
5,765

 
2,319

 
923

Other, net
$
(24,705
)
 
$
26,643

 
$
98



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.
In December 2018, the Company recorded a write-down of $6.5 million relating to the RMC bankruptcy. See Note 14 -- Receivables for additional detail.