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OTHER INCOME | 12 Months Ended
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Dec. 31, 2022
OTHER INCOME |
OTHER INCOME | NOTE 4 OTHER INCOME The following is a summary of other income (expense) for the years ended December 31, 2022, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Year ended December 31,
​ | 2022 |  | 2021 | ​ | 2020
COVID-19 relief | $ | — | ​ | $ | 3,541 | ​ | $ | 6,420
Unrealized and realized gain (loss) on investments (Note 5) | ​ | (511) | ​ | ​ | 28 | ​ | ​ | (619)
Foreign currency gain on Blue Chip Swap | ​ | 19,772 | ​ | ​ | — | ​ | ​ | —
Foreign currency gain, other | ​ | 4,030 | ​ | ​ | 513 | ​ | ​ | 1,078
Other income (loss), net | ​ | (353) | ​ | ​ | 2,199 | ​ | ​ | 14
Total other income | $ | 22,938 | ​ | $ | 6,281 | ​ | $ | 6,893
​ During the year ended December 31, 2022, 2021 and 2020, the Company recognized $nil, $3.5 million and $6.4 million, respectively, of other income through COVID-19 relief from the Canadian government via the Canadian Emergency Wage Subsidy and Canada Emergency Rent Subsidy programs. ​ Foreign currency gain on Blue Chip Swap represents the realized foreign exchange gain from the transfer of marketable securities to facilitate intragroup funding transfers between the US parent and its Argentine subsidiary (“Blue Chip Swap”). The Blue Chip Swap transaction is the fund transfer vehicle provided by a financial institution, which utilizes the existing loan structure between the Company’s Canadian, Cayman Islands, and Argentina subsidiaries. The Company does not acquire marketable securities or engage in these transactions for speculative purposes. ​ For the year ended December 31, 2022, the Company completed eleven 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. For the year ended December 31, 2022, the Company realized a net gain of $18.8 million. The net gain for the year ended December 31, 2022 was comprised of a foreign currency gain of $19.8 million and a realized loss on investments of $1.0 million, including the impact of fees and commissions. No similar transactions occurred in 2021 and 2020. ​

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- Definition The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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