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Project can be developed as an open-pit mine and has high grade potential (60% of the current indicated resource is greater than 3 g/t gold) Select gold intercepts from Anaconda Mining: 33.74 g/t gold over 5.75 m (08VK-01) 5.42 g/t gold over 23.0 m (08VK-03) 2.8 g/t gold over 54.0 m (09VK-14)
West Dome Open Pit Ore Reserve is reported at a Net Smelter Return cut-off of A$20.1/t milled based on variable gold and copper contributions. Telfer Underground Ore Reserve is reported at a Net Smelter Return cut-off of A$53.0/t milled for sub-level cave, A$60.0/t milled for …
Reserves at December 31, 2020: Mineral Reserve estimate is reported based on planned stopes with a net smelter return cut-off grade of US$100/tonne, with average metal prices of: US$1.15/lb zinc. The PerkoaUnderground Mine MineralResource estimate is reported based on zinc equivalent cut off grade of 5%Zn. Category.
As a result, the copper and gold net smelter returns for copper concentrate sold to Smelter A are equal to $511 and $515 per tonne of concentrate, or $48.01 and $48.37 per tonne of ore. When these numbers are divided by the mill feed grade, the copper and gold NSR factors are equal to $20.69 per % Cu and $18.97 per gram of gold.
a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine operations; and; a 2.5% net smelter return ('NSR') royalty on each of the Croinor Gold, McKenzie Break and Swanson properties, of which half (1.25%) can be bought back by Monarch for $2 million per property in the future, subject to ...
The Company has also granted the Optionor a 1.0% net smelter returns royalty (the "NSR Royalty") with respect the Property.The Company has the right to purchase from Optionor one-half of the NSR Royalty for $1,000,000 at any time prior to 45 consecutive production days at 70% of processing plant design capacity or mining rate if a processing facility is not constructed on the Property.
Zinc concentrate storage facilities, Polaris mine t Source .nunatsiaqonline.ca Average mill recovery = 75.5% Average grade of zinc concentrate = 5 "Barclays said … it expected tightness in the zinc market to 'remain … as 4.1% concentrate shortages could lead to …
The vendor retains a 2% Net Smelter Royalty on silver on claims that do not already have a 2% Net Smelter Royalty from previous agreements. HISTORICAL MINING: 1862-1924 Silver mineralization was discovered in the area in 1862 with reported historic production of approximately 1.5 million ounces of silver and 2.3 million pounds of lead.
The first payment will be US$50,000 and the payment will increase by US$50,000 each year until a cap of US$500,000 is reached. Annual payments will then remain at the capped level until a mine reaches commercial production. At that point, a Net Smelter Return production royalty of …
a C$2.50 per tonne royalty on material processed through Monarch's Beacon mill originating from the Beaufor mine operations; a 2.5% net smelter return ("NSR") royalty on each of Monarch's Croinor Gold, McKenzie Break and Swanson properties, each located in …
Source: GAO analysis of prior report, (GAO, Hardrock Mining: Information on State Royalties and Trends in Mineral Imports and Exports, GAO-08-849R (Washington, D.C.: July 21, 2008)), state statutes, regulations, expert literature, and interviews with selected experts.Amendments requiring additions to tables since our 2008 report are underscored and amendments requiring deletions from …
Cut-off grade (Net smelter return in A$/t) Mineral Resources: UG Sulphide - 130, OC Sulphide - 58. Ore Reserves: UG Sulphide - 130. Ore delivered to process plant. …
Ore produced from the mine is crushed on site and transported 200 km south for processing at the Miguel Auza mill located in the State of Zacatecas. The project is subject to (a) 1.25% net smelter royalty in respect of manto or mineralization other than skarn mineralization or (b) 0.50% NSR in respect of skarn or "Source" mineralization.
a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine operations; and; a 2.5% net smelter …
a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine operations; and a 2.5% net smelter return (" NSR ") royalty on each of the Croinor Gold, McKenzie Break and Swanson properties, of which half (1.25%) can be bought back by Monarch for $2 million per property in the future, subject ...
• Net smelter returns royalties and taxes are assessed as a percentage of the value of the mineral, but with deductions allowed for the costs of transporting and processing the mineral (mill, smelter, or treatment costs). However, extraction costs are not deductible. For these royalties and taxes, value may also be determined on the basis
Beaufor Property / Beacon Mill – The Beaufor mine and Beacon mill are located approximately 20 kilometers east of Val-d'Or, Quebec and has historically produced 1.1 million ounces of gold at an average grade of 7.50 g/t gold. In June 2021, Monarch announced that it plans to restart the Beaufor Mine and the Beacon Mill by June 2022.
TORONTO, Oct. 12, 2021 (GLOBE NEWSWIRE) — Fredonia Mining Inc. ... ("EDM") covering approx. 6,200ha located close to Anglo Gold Ashanti's Cerro Vanguardia mine, subject to a 1.5% net smelter return royalty on the EDM project, 0.5% net profits interest on Winki II, El Aguila I, El Aguila II and Petrificados. ...
a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine operations; and; a 2.5% net smelter …
No underlying royalties on the Historic Mine (patented crown grants) and majority of the Property. Guardsmen Resources Inc. retains a 2.5% Net Smelter Return royalty (NSR)on select claims (2,100 ha), 2% of which can be purchased by Engineer Gold at any time for $1.5M.
Corazon can complete the acquisition by paying the Stage 2 consideration of $400,000 to the vendor on the earlier to occur of the date that is six months after the date of exercise of the Option and the date of grant of tenure. And the vendor will retain a net smelter return royalty of 2% and the right to mine mullock dumps (for gold ...
Osisko owns a 2.0% to 3.5% net smelter royalty in the Eleonore gold mine. The mine achieved first gold production on Oct. 1, 2014, and subsequently declared commercial production on April 1, 2015. More information about the Eleonore mine and mill is available at Goldcorp. Or readers may wish to visit OsiskoGR.
Under the binding heads of agreement, the company will acquire the exclusive rights to all nickel, copper, cobalt and platinum group elements on 15 granted mining tenements held by Yandal Resources (ASX:YRL) in Western Australia near its Silver Swan North project in …
Page 2. NET SMELTER RETURNS ROYALTY. 1.1 Reserving unto the Transferor, David Anthony Zamida (the "Royalty Holder"), his successors and assigns, a royalty equal to two percent (2.00%) of net smelter returns (the "Net Smelter Returns Royalty") from the described property on page 1 ("the "Property") payable by the Transferee, Tidewater Resources Inc. (the "Royalty Payor"), its successors …
"A royalty calculated on the net smelter return is essentially calculated on the amount received by the mine or mill owner from the sale of the mineral product to the treatment plant that converts the output of the mill to marketable metal. From the gross proceeds received there may be deductions for costs incurred by the owner after the ...
In North American mining, one typically talks about two types of royalty interests: the net smelter returns royalty (NSR) and the net profits interest royalty (NPI). The NSR is described as a royalty calculated on the amount received by the mine or mill owner from the sale of mineral product to the smelter or treatment plant that converts the ...
Mineralization was discovered at Prairie Creek in 1928 by Poole Field with limited work conducted on the property until 1966. Cadillac Explorations Ltd ("Cadillac") acquired the property in 1966, and from 1966 to 1969 explored the mineralized zones now known as Zones 3, 7 and 8 through bulldozer trenching and exploratory cross-cuts.
a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine operations; and a 2.5% net smelter return (" NSR ") royalty on each of the Croinor Gold, McKenzie Break and Swanson properties, of which half (1.25%) can be bought back by Monarch for $2 million per property in the future, subject ...