OTHER INCOME

3 Months Ended

Mar. 31, 2023

OTHER INCOME

OTHER INCOME

NOTE 3 OTHER INCOME

The following is a summary of other income for the three months ended March 31, 2023 and 2022:

	Three months ended March 31,
	2023		2022
Unrealized and realized gain on investments (Note 5)	$	296	$	445
Foreign currency gain on Blue Chip Swap		7,993		2,189
Foreign currency (loss) gain, other		(10,641)		798
Other (expense) income, net		(227)		439
Total other (expense) income	$	(2,579)	$	3,871

During the three months ended March 31, 2023, the Company completed two Blue Chip Swap transactions to transfer funds from its Canadian USD bank account to Argentina. These funds were used for the continued development of the Los Azules Copper project. The Company realized a net gain of $7.5 million comprised of a foreign currency gain of $7.9 million and a realized loss on investments of $0.4 million, including the impact of fees and commissions. For the three months ended March 31, 2022, the Company completed three Blue Chip Swap transactions and realized a net gain of $2.1 million comprised of a foreign currency gain of $2.2 million and a realized loss on investments of $0.1 million.