Common use of Refining Charges Clause in Contracts

Refining Charges. Silver: US$ 2.6 (US$ two point six) per payable ▇▇▇▇ ounce of silver. Basis in a price of US $ 20 per ounce, and increase US$0.085 per each US 1.00/MT the final Ag price is above US $20 (Twenty) per ounce Gold: US$ 15.00 (US$ fifteen) per payable ▇▇▇▇ ounce of gold. US$ 3.00 (US$ three) per dry metric ton of the Concentrate for each 0.10 % (zero point one percent) the final combined arsenic plus antimony content exceeds 0.7 % (zero point seven percent). All fractions pro rata.

Refining Charges. Silver: US$ 2.6 (US$ two point six) per payable ▇▇▇▇ ounce of silver. Basis in a price of US $ 20 per ounce, and increase US$0.085 0,085 per each US 1.00/MT the final Ag price is above US $20 (Twenty) per ounce Gold: US$ 15.00 (US$ fifteen) per payable ▇▇▇▇ ounce of gold. US$ 3.00 (US$ three) per dry metric ton of the Concentrate for each 0.10 % (zero point one percent) the final combined arsenic plus antimony content exceeds 0.7 % (zero point seven percent). ) All fractions pro rata.