OTHER INCOME

6 Months Ended

Jun. 30, 2023

OTHER INCOME

OTHER INCOME

NOTE 3 OTHER INCOME

The following is a summary of other income for the three and six months ended June 30, 2023 and 2022:

	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Unrealized and realized gain on investments (Note 5)	$	2,586	$	168	$	2,882	$	612
Foreign currency gain on Blue Chip Swap		—		4,399		7,993		6,588
Foreign currency gain (loss)		(24,472)		1,670		(35,113)		2,468
Other income (loss), net		11		(435)		(216)		4
Total other income	$	(21,875)	$	5,802	$	(24,454)	$	9,672

During the three and six months ended June 30, 2023, the Company completed two Blue Chip Swap transactions to transfer funds from its Canadian USD bank account to Argentina. The Company realized a net gain of $7.6 million comprised of a foreign currency gain of $8.0 million and a realized loss on investments of $0.4 million, including the impact of fees and commissions. For the three and six months ended June 30, 2022, the Company completed three and six Blue Chip Swap transactions, and realized a net gain of $4.0 million and $6.1 million, respectively. The net gain for the three and six months ended June 30, 2022 was comprised of a foreign currency gain of $4.4 million and $6.6 million and a realized loss on investments of $0.4 million and $0.5 million, respectively.