Common use of Annual Forecast Clause in Contracts

Annual Forecast. The Payor shall provide to the Royalty Holder an annual forecast report on or before thirty (30) days prior to the last day of each financial year, including with reasonable detail a forecast, based on the current Development and Mine Plan, as applicable, of the quantity of refined metals and other Product expected to be produced during the following financial year on a month-by-month basis and over the remaining life of the mine on a year-by-year basis and other matters, including: (a) types, tonnes and grade of Product and other material to be mined; (b) types, tonnes and grade of Product to be stockpiled; and (c) with respect to the processing facilities, the types, tonnes and grade of Product to be processed and expected recoveries as Product.