RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 14 RELATED PARTY TRANSACTIONS

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

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
REVlaw	$	48	$	49	$	145	$	303

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

	September 30, 2023		December 31, 2022
REVlaw	$	79	$	112

REVlaw is a company owned by Carmen Diges, General Counsel & Secretary of the Company. The legal services of Ms. Diges as General Counsel & Secretary and other support staff, as needed, are provided by REVlaw in the normal course of business and have been recorded at their exchange amount.

An affiliate of Robert R. McEwen, Chairman and Chief Executive Officer acted as a lender in the restructured $40.0 million term loan and continued as such under the ARCA. During the three and nine months ended September 30, 2023, the Company paid $1.0 million and $2.7 million, respectively (three and nine months ended September 30, 2022 – $1.2 million and $3.6 million, respectively) in interest to this affiliate. Interest is payable monthly at a rate of 9.75% per annum.