OTHER EXPENSE

3 Months Ended

Mar. 31, 2024

OTHER EXPENSE

OTHER EXPENSE

NOTE 3 OTHER EXPENSE

The following is a summary of other expense for the three months ended March 31, 2024 and 2023:

	Three months ended March 31,
	2024		2023
Unrealized and realized gain (loss) on investments (Note 5)	$	(202)	$	296
Foreign currency gain on Blue Chip Swap		—		7,993
Foreign currency gain (loss)		91		(10,641)
Other income (loss), net		23		(227)
Total other expense	$	(88)	$	(2,579)

During the three months ended March 31, 2023, the Company completed two Blue Chip Swap transactions to transfer funds from Canadian to Argentina within McEwen Copper Inc. 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 on these Blue Chip Swap transactions.