XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.20.2

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).

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration