GOLD EQUIVALENT definition
GOLD EQUIVALENT means the value of gold and other metals expressed as gold ounces at the price of gold and the other metals at the time of acquisition.
GOLD EQUIVALENT means the gold ounces plus the gold equivalent of silver ounces, with silver ounces converted to gold ounces based upon the spot gold and silver prices at the time of such conversion.
GOLD EQUIVALENT means the value of gold and other metals expressed as gold ounces at the price of gold and the other metals at the time of feasibility. EXHIBIT A DESCRIPTION OF SERVICES Responsibilities as Director. Director shall have all responsibilities of a Director of the Company imposed by Nevada or applicable law, the Articles of Incorporation, as amended, and Bylaws, as amended, of Company. These responsibilities shall include, but shall not be limited to, the following:
More Definitions of GOLD EQUIVALENT
GOLD EQUIVALENT means the gold ounces plus the gold equivalent of silver ounces, with silver ounces converted to gold ounces based upon the 30 day trailing average spot gold and silver prices.
GOLD EQUIVALENT means a quantity of a Metal having an economic value expressed in ounces of Gold and calculated by multiplying the quantity of the Metal by an assumed price for that Metal and dividing the product by an assumed price for Gold, where such prices are determined using the Financial Parameters.
GOLD EQUIVALENT has the meaning set forth in the definition for Gold Equivalent Ounces.
GOLD EQUIVALENT means Gold + Silver x Silver Recovery x Silver Price divided by Gold Price x Gold Recovery and is more particularly described in Paragraph 8 of the HOA;
GOLD EQUIVALENT shall be equal to the number of ounces of Silver under clause 4(b)(ii) above divided by the quotient of (x) the average price of Gold during the month, and (y) the average price of Silver during the month. Average Gold and Silver prices shall be determined by reference to the average daily settlement prices of these metals on the London Bullion Market Association, PM Fix (Bloomberg: GoldLNPM and SLVRLN Indexes, respectively). “PAYABLE GOLD EQUIVALENT OUNCES” means the number of saleable Gold Equivalent Ounces after losses due to metallurgical processing and smelter and/or refining deductions. The Performance Bonus shall be payable by Santa Fe at the end of the month immediately following satisfaction of either Performance Standard 1 or Performance Standard 2.