Gold Equivalent Ounces definition

Gold Equivalent Ounces means, (i) the number of ounces of gold produced during a specific period (for purposes of this definition the “Milestone Period”), plus (ii) the number of ounces of silver produced during the Milestone Period expressed in additional ounces of gold (for the purposes of this definition, the “Gold Equivalent”). The Gold Equivalent shall be equal to the number of ounces of silver produced under (ii) above, divided by the quotient of (x) the average Gold Market Price for the trading days during the Milestone Period, and (y) the average Silver Market Price for the trading days during the Milestone Period.
Gold Equivalent Ounces means, for any particular Fiscal Year in respect of any Subject Producing Asset, the gold ounces plus the gold equivalent of non-gold ounces (with non-gold ounces converted to gold ounces based on the rolling five year average spot price per ounce at the time of such conversion calculation) produced from such Subject Producing Asset.
Gold Equivalent Ounces means (i) the number of ounces of Gold produced during a specific period (for the purposes of this definition, the “Milestone Period”), plus (ii) the number of ounces of Silver produced during the Milestone Period expressed in additional ounces of Gold (for the purposes of this definition, the “Gold Equivalent”). The Gold Equivalent shall be equal to the number of ounces of Silver produced under (ii) above, divided by the quotient of (x) the average price of Gold during the Milestone Period, and (y) the average price of Silver during the Milestone Period. 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). By way of example, if during the Milestone Period, 600 ounces of Gold and 60,000 ounces of Silver are produced and the average prices of Gold and Silver are $1,500 and $25, respectively, the number of Gold Equivalent Ounces shall be 1,600, calculated as follows: = 600 + [60,000 / (1,500 / 25)] = 1,600

Examples of Gold Equivalent Ounces in a sentence

  • Gold Equivalent Ounces, (“GEOs”) are calculated as revenue divided by the average gold price for the same period.

  • Gold Equivalent Ounces (“GEOs”) are calculated as revenue divided by the average gold price for the same period.

  • Gold Equivalent Ounces (“GEOs”) are calculated as reported revenue (in total or by reportable segment) for a period divided by the average gold price for that same period.

  • The Company defines Gold Equivalent Ounces as revenue divided by the average gold price for the same period.

  • As the Corporation has not yet finished its quarter-end procedures, the anticipated financial information presented in this press release is preliminary, subject to quarter-end adjustments, and may change materially.(1) Gold Equivalent Ounces GEOs are calculated on a quarterly basis and include royalties, streams and offtakes.

  • The Ocampo heap leach produced 7,729 Gold Equivalent Ounces in the month of May equaling 5,737 ounces of gold and 101,605 ounces of silver, based on actual Gold and Silver prices realized upon sale.

  • Revenue and Gold Equivalent Ounces Revenue for Q4/2017 was $167.2 million compared with $155.3 million for Q4/2016, an increase of 7.7%.

  • Lower Water Street, Suite 402, Summit Place, PO Box 2067, Halifax, NS B3J 2Z1 Tel: 902-468-0614, Fax: 902-468-0631, Website: www.gammonlake.comTSX: GAM / AMEX: GRS / BSX: GL7 PRESS RELEASE Halifax, January 11, 2007 Gammon Lake Declares Commercial Production at the Ocampo Gold-Silver Mine Production from Ocampo and El Cubo Reaches an Annualized Run Rate of 400,000 Gold Equivalent Ounces per Year Gammon Lake Resources Inc.

  • GRAPH 1: Production in 2007: Gold Equivalent Ounces by Mine (including pre-acquisition production)GRAPH 2: Attributable Production in 2007: Gold Equivalent Ounces by MineInventory as at December 31, 2007 was $97.6 million compared to $51.3 million as at December 31, 2006.

  • The increase is largely attributable to an 18% increase in the Attributable Gold Equivalent Ounces sold.


More Definitions of Gold Equivalent Ounces

Gold Equivalent Ounces means (i) the number of ounces of Gold plus (ii) the number of ounces of Silver expressed in its Gold Equivalent (as calculated below). “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. Exhibit 1.7 (a)(iv)

Related to Gold Equivalent Ounces

  • Equivalent Load means the sum of a Market Participant’s net system requirements to serve its customer load in the PJM Region, if any, plus its net bilateral transactions.

  • USD Equivalent means, in respect of any amount expressed in a currency other than the U.S. dollar, the corresponding amount in U.S. dollars resulting from multiplying such amount in the applicable currency by the Spot Rate.

  • Put Equivalent Position shall have the meaning set forth in Rule 16a-1(h) under the Exchange Act.

  • Approximate Equivalent Amount of any currency with respect to any amount of Dollars shall mean the Equivalent Amount of such currency with respect to such amount of Dollars on or as of such date, rounded up to the nearest amount of such currency as determined by the Administrative Agent from time to time.

  • Call Equivalent Position shall have the meaning set forth in Rule 16a-1(b) under the Exchange Act.

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • Aggregate Industry Equivalent Unit Score is then calculated for each S&P Industry Classification, shown on Schedule 2, and is equal to the sum of the Equivalent Unit Scores for each issuer in such industry classification group.

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • Sterling Equivalent means at the time of determination thereof (a) with respect to Sterling, the amount in Sterling and (b) with respect to any amount in Dollars, the equivalent of such amount in Sterling determined by Administrative Agent at such time on the basis of the Exchange Rate for the purchase of Sterling with Dollars on the most recent Computation Date provided for in Section 2.8(a).

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Dollar Equivalent Amount means, at any time, (a) as to any amount denominated in Dollars, the amount hereof at such time, and (b) as to any amount denominated in a currency other than Dollars, the equivalent amount in Dollars as determined by Agent at such time that such amount could be converted into Dollars by Agent according to prevailing exchange rates selected by Agent.

  • Dollar Equivalent of the Currency Unit shall be determined by the Exchange Rate Agent and subject to the provisions of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.

  • Bond Equivalent Yield means a yield (expressed as a percentage) calculated in accordance with the following formula:

  • Equivalent Security means any Security issued by the same entity as the issuer of a subject Security, including options, rights, stock appreciation rights, warrants, preferred stock, restricted stock, phantom stock, bonds, and other obligations of that company or Security otherwise convertible into that Security. Options on Securities are included even if, technically, they are issued by the Options Clearing Corporation or a similar entity.

  • Equivalent position means employment in an equivalent position, in relation to the employee’s previous position, that is:  generally similar in role, duties and status; and  requires similar qualifications, training, skills and experience but may have a different title/or unit allocation; and • is in the same general locality; and • is on terms and conditions of employment that are no less favourable than those that applied to the employee immediately before the offer of employment.

  • DBRS Equivalent Rating means, with respect to any Person not rated by DBRS, (i) if such Person is rated by all three of Xxxxx’x, Standard & Poor’s and Fitch Ratings, Ltd. (together, the “Equivalent Rating Agencies”), either (A) if at least two Equivalent Rating Agencies have provided equivalent ratings with respect to such Person, the DBRS equivalent of such equivalent ratings (regardless of any rating from another Equivalent Rating Agency) or (B) otherwise, the median of the DBRS equivalents of the ratings for such Person provided by each of the three Equivalent Rating Agencies, (ii) if such Person is rated by any two of the Equivalent Rating Agencies, the DBRS equivalent of the lower of the ratings for such Person provided by the relevant Equivalent Rating Agencies or (iii) if such Person is rated by only one of the Equivalent Rating Agencies, the DBRS equivalent of the rating for such Person provided by such Equivalent Rating Agency.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.