RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2020

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 15 RELATED PARTY TRANSACTIONS

The Company recorded the following expense in respect to the related parties outlined below during the periods presented:

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Lexam L.P.	$	—	$	16	$	76	$	77
REVlaw		50		86		88		128

The Company has the following outstanding accounts payable balances in respect to the related parties outlined below:

	June 30, 2020		December 31, 2019
Lexam L.P.	$	59	$	65
REVlaw	$	52	$	12

An affiliate of Mr. McEwen participated as a lender in the $50.0 million term loan by providing $25.0 million of the total $50.0 million funding and continued as such under the ARCA. During the three and six months ended June 30, 2020, the Company paid $0.6 million and $1.2 million, respectively, (three and six months ended June 30, 2019 – $0.6 million and $1.2 million, respectively) in interest to this affiliate. Furthermore, pursuant to the ARCA, 1,045,850 shares valued at $0.9 million were issued to the affiliate. The payments to the affiliate of Mr. McEwen are on the same terms as the non-affiliated lender (Note 11).