Net Smelter Return means the aggregate proceeds received by the Optionee from time to time from any smelter or other purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Property after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds:
Net Smelter Return means the gross proceeds received by the Optionee in any year from the sale of products from the mining operation on the Property, less successively:
Net Smelter Return means, for any period the difference between:
Examples of Net Smelter Return in a sentence
If either party becomes diluted to a 10% interest, that interest will be converted into a 2% Net Smelter Return Royalty.
In addition, the vendors retain a 1% Net Smelter Return ("NSR") royalty on the purchased claims.
The project is subject to a 2% Net Smelter Return royalty (“NSR”) and the Company has an option to buy down the NSR to 1%.
The 11 claims acquired are subject to a royalty arrangement based on a Net Smelter Return (“NSR”) of 3%.
Rio Tinto may elect to contribute pursuant to its participating share or not contribute and be diluted or convert its interest into a Net Smelter Return (2.5%) royalty.
More Definitions of Net Smelter Return
Net Smelter Return means the aggregate proceeds actually received by the Optionee from time to time from any arms length smelter or other arms length purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Optioned Interest on the Property, deducting therefrom:
Net Smelter Return means the aggregate proceeds received by the Lessee from time to time from any smelter or other purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Property after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds:
Net Smelter Return or “NSR” means a royalty payment based on the value of gross metal production from the property, less deduction of certain limited costs including smelting and refining, as defined by contract.
Net Smelter Return is the royalty calculated on the gross revenue less the freight to point of sale of the mineral; paid quartley within 30 days of the end of the quarter;
Net Smelter Return means an interest in the returns generated from production on the Property determined in accordance with Schedule “B”;
Net Smelter Return means the proceeds received by Optionee from any smelter or other purchaser from the sale of any ores, concentrates or minerals produced from the Property;
Net Smelter Return means that charge on proceeds from production as described in Schedule "B";