Common use of Mining Costs Clause in Contracts

Mining Costs. The Lessee shall be responsible for all costs to mine ore from the premises, including all roads, buildings, furniture, fixtures, equipment, machinery, personnel, insurance, utilities, working capital, etc. Lessee shall also be responsible for payment of all real property taxes assessed against the premises, and all lease payments accruing on leased land covered by this Lease. All improvements made by Lessee to the premises that cannot be removed at the expiration of this Lease without material harm to the premises shall become Lessor’s property. All improvements that do not become Lessor’s property and all of Lessee’s personal property shall be removed by Lessee before the termination of this Lease. Lessee, at the same time, shall repair any injury done to the premises in connection with the installation and removal of the improvements and the personal property.

Appears in 2 contracts

Sources: Lease Agreement (GoldCorp Holding Co.), Lease Agreement (Silver Falcon Mining, Inc.)