Gold Price means, with respect to any day, the afternoon per ounce gold fixing price in U.S. dollars quoted by the London Bullion Market Association for Refined Gold on such day or, if such day is not a trading day, the immediately preceding trading day; provided that if, for any reason, the London Bullion Market Association is no longer in operation, or if the price of Refined Gold is not confirmed, acknowledged by or quoted by the London Bullion Market Association, the Gold Price shall be determined by reference to the price of Refined Gold in a manner endorsed by the World Gold Council, failing which the Gold Price shall be determined by reference to the price of gold on a commodity futures exchange mutually acceptable to the Parties acting reasonably.
Gold Price means, with respect to any day, the afternoon per ounce London Bullion Market Association Gold Price in U.S. dollars quoted by the London Bullion Market Association (currently in partnership with ICE Benchmark Administration) for refined gold on such day or, if such day is not a trading day, the immediately preceding trading day.
Gold Price means either the LBMA A.M. Gold Price or the LBMA P.M. Gold Price.
Examples of Gold Price in a sentence
The key assumption used in the valuation of the derivative is the estimate of the future Average Gold Price.
In addition, the LBMA Gold Price is publicly available at no charge at www.lbma.org.uk.
The estimate of the future Average Gold Price was determined using a forward curve on future gold prices as published by the CME Group.
Gold Price The price of gold is a significant external factor affecting profitability and cash flow of the Company and therefore, the financial performance of the Company is expected to be closely linked to the price of gold.
Many long-term contracts are expected to be priced on the basis of either the morning (AM) or afternoon (PM) LBMA Gold Price, and many market participants are expected to refer to one or the other of these prices when looking for a basis for valuations.
More Definitions of Gold Price
Gold Price means for the purposes of Section 4, the arithmetic mean average of the London Bullion Market Association’s, Afternoon Gold Fix, spot gold price in US
Gold Price means the price per ounce equal to the average London p.m. gold price fix as published in The Wall Street Journal for the calendar quarter in which the royalty is payable;
Gold Price means Monthly Average Gold Price as defined in Schedule “B” attached hereto;
Gold Price means the price of one (1) troy ounce of Gold expressed in USD, as determined by the Bank (acting in good faith and a commercially reasonable manner). In making such determination, the Bank shall have reference to the prevailing market price of Loco London
Gold Price means the Official London Bullion Market Association (“LBMA”) Gold AM Fix Price/USD as published on Reuters Page GOFO (or such other page as may replace that page on such service) (the “Gold Price Reference Source Page”) on the Determination Date, as determined by the Determination Agent. In the event that the Gold Price is not published on the Gold Price Reference Source Page on the Determination Date, the Determination Agent will use the last LBMA Gold AM Fix Price/USD figure that was published on the Gold Price Reference Source (c) Party responsible for calculation of the Final Redemption Amount: (d) Party responsible for making any determinations ancillary to or in connection with the calculation of the Final Redemption Amount:Page prior to the Determination Date.The resultant figure from the determination set out in (ii) above shall be rounded, if necessary, to three decimal places, (with 0.0005 being rounded upwards).The Determination Agent shall notify the Agent of its determination of the percentage reached by application of the Formula (as set out above) as soon as practicable after such determination (but in no event later than three (3) Business Days prior to the Maturity Date) whereupon the Agent shall promptly calculate the Final Redemption Amount payable per Specified Denomination on the Maturity Date and, as soon as practicable thereafter, notify the Issuer and the Noteholders thereof.
Gold Price means, for purposes of Section 4, the price described in Section 4.2 hereof; (g) “Hedging Transactions” means any and all activities by which the Operator sells or disposes of Gold Metal by engaging in any commodity futures trading, option trading, metals trading, or sales or dispositions of Gold Metal for other than spot prices, or any combination thereof, and any other hedging transactions; (h) “Laws” means all applicable present or future federal, canton, provincial, state and local laws, statutes, rules, regulations, permits, ordinances, certificates, licenses and other regulatory requirements of Canada or United States of America or Mexico whether relating to Operator and its operations and activities on or with respect to the Property or relating to Payee and its operations and activities; (i) “Mining Properties” means the mining concessions listed in Exhibit A attached hereto, the whole of which is commonly referred to as the Palmarejo Project; (j) “MR Amount” means an amount equal to 4,167 xxxx ounces of gold per month for each month commencing July, 2009 and ending in the month in which Royalty payments have been paid to the Payee under this Royalty Stream Agreement in the aggregate relating to a total of 400,000 ounces of Gold; (k) “NI 43-101” means National Instrument 43-101 — Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, or any successor instrument, rule or policy; (l) “Offtake Party” means the smelter, refiner, processor, offtake party, purchaser or other recipient to whom Production is shipped or delivered by Operator; (m) “Operator” includes all of Operator’s successors-in-interest in the Property subject to the terms of section 12.2 and its corporate successors and permitted assigns to the Mining Properties including inter alia assignees, lessees and, when applicable, mortgagees of the Property and to the extent any shall have an interest in the Property, Operator’s subsidiary, parent or affiliated companies; (m) “Party” or “Parties” means one or more of the persons or entities who or which are a party to this Agreement; (n) “Payee” includes all of Payee’s successors-in-interest, including inter alia assignees, partners, joint venture partners, lessees and, when applicable, mortgagees and Payee’s subsidiary, parent, sister or affiliated companies; (o) Production” means 50% of the number of xxxx ounces of Gold Metal contained in the production from the Property which were delivered to an Offtake Part...
Gold Price means the London Gold Price PM fix in USD published on Bloomberg (code: GOLDLNPM:US) and Gold Pricet means the Gold Price on Calculation Datet “Gold Price Sources” has the meaning given in Section 4