XML 30 R20.htm IDEA: XBRL DOCUMENT v3.23.2
RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 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 June 30,

    

Six months ended June 30,

​

​

2023

    

2022

​

2023

    

2022

REVlaw

​

$

49

​

$

39

​

$

97

​

$

254

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2023

​

December 31, 2022

REVlaw

​

​

​

​

​

​

​

$

110

​

​

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 six months ended June 30, 2023, the Company paid $0.8 million and $1.7 million, respectively (three and six months ended June 30, 2022 – $0.9 million and $1.5 million, respectively) in interest to this affiliate. Interest is payable monthly at a rate of 9.75% per annum.