Marmato Project definition

Marmato Project means the Company’s gold-silver project at Marmato, Caldas Department, Colombia, comprising three contiguous properties: Zona Alta Property, Zona Baja Property and Echandia Property, as more particularly described in the Marmato Technical Report.
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Marmato Project means the gold-silver project owned (as of the date hereof) by Caldas Gold Marmato SAS, an indirect Wholly Owned Restricted Subsidiary of the Issuer, under (i) mining contribution/concession contract 014-89M (as may be extended), with an area of approximately 947.7 hectares, and (ii) an amended and restated operating agreement dated July 24, 2020 between Caldas Gold Marmato SAS and Minera Croesus SAS for an area of approximately 59.44 hectares of the title for private mining property RPP-357; both properties referred to in clauses (i) and (ii) being located at the Municipality of Marmato, Caldas Department, Colombia.
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Marmato Project means the gold-silver project of Gran Colombia at Marmato, Caldas Department, Colombia, prior to the completion of the RTO Transaction, which comprised three contiguous areas: the Zona Alta Property, Zona Baja Property and Echandia Property, as more particularly described in the 2019 Marmato Technical Report, and which included, but was not limited to, the Caldas Marmato Project.
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Examples of Marmato Project in a sentence

  • As a result of the Medoro Merger, the Company acquired 100% of Medoro’s interest in the Marmato Project and Medoro’s 5% interest in GCG Segovia, thereby increasing the Company’s interest in GCG Segovia from 95% to 100%.

  • The total ARO provision recorded represents management’s best estimate of the future reclamation and remediation obligation for its Segovia Operations and its Marmato Project; however, the estimated amount is inherently uncertain and will be revised as further information becomes available.

  • As a result of the Medoro Merger, the Company acquired 100% of Medoro’s interest in the Marmato Project and Medoro’s 5% interest in Zandor, thereby increasing the Company’s interest in Zandor from 95% to 100%.

  • As the license gap is no longer an issue, there may be additional optimization opportunities for the Marmato Project that should be explored during the next phase of work.

  • On December 13, 2019, the Company completed an internal reorganization whereby certain mining assets at its Marmato Project (the “Marmato Mining Assets”) were transferred in a common control transaction to Caldas Finance Corp.

  • Property, plant and equipment Property, plant and equipment associated with the existing mining operation at the Marmato Project are recorded at cost less accumulated depreciation, amortization and impairment charges, if any.

  • The Company has interests in several exploration properties in Colombia comprising the Segovia Operations, the Zancudo Project (both of which were acquired during 2010), and the Zona Alta and Echandia properties at the Marmato Project (which were acquired through the Medoro Merger).

  • As a result of the RTO Transaction, Caldas Finance amalgamated with BN Subco to become Amalco, a wholly-owned subsidiary of the Company, and the Company acquired the Marmato Project from GCM Mining.

  • As at December 31, 2021, a total of COP 7.0 billion ($1.7 million) including interest, is included in amounts payable for acquisition of mining interests related to agreements to compensate artisanal miners who would be required to cease mining activities at the Company’s Marmato Project (December 31, 2020 – COP 7.0 billion; $2.1 million).

  • As at September 30, 2020, a total of COP 9.3 billion ($2.5 million) including interest, is included in amounts payable for acquisition of mining interests related to agreements to compensate artisanal miners who would be required to cease mining activities at the Company’s Marmato Project (December 31, 2019 – COP 9.7 billion; $2.9 million).


More Definitions of Marmato Project

Marmato Project means the gold-silver project at Marmato, Caldas Department, Colombia of the Company and Restricted Subsidiaries.
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Marmato Project means the Issuer’s gold-silver project at Marmato, Caldas Department, Colombia.
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Marmato Project means the gold-silver project owned by Caldas Gold Marmato, comprised of the Marmato Mine, the existing 1,200 tonnes per day (tpd) processing plant and the area encompassing the Upper and Lower Mines, all located within the mining license area referred to as the Zona Baja Mining Title, as well as the right to mine in the lower portion of the Echandia Mining Title granted by Minera Croesus, S.A.S., an indirect, wholly-owned subsidiary of GCM Mining, pursuant to the Croesus Operating Agreement.
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Marmato Project means the Corporation’s gold-silver project located in the municipality of Marmato, Department of Antioquia, Colombia, approximately 120 km south of the city of Medellín, comprised of three adjacent sets of properties (Xxxx Xxxx, Zona Baja and Echandia) comprising a total area of 1,198 hectares.
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Marmato Project means the gold-silver project owned by Caldas Gold Marmato S.A.S., an indirect, wholly-owned subsidiary of Aris, consisting of the Upper Mine, the existing 1,200 tonnes per day (tpd) processing plant and the area encompassing the Upper Mine and Lower Mine, all located within the mining license area referred to as the Zona Baja Mining Title, as well as (i) the right to mine in the lower portion of the Echandia Mining Title granted by Minera Croesus, S.A.S., an indirect, wholly-owned subsidiary of GCM, pursuant to the operating agreement dated September 15, 2017, as amended on July 24, 2020 and on November 6, 2020 (and as may be further amended from time to time), between Caldas Gold Marmato S.A.S.
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Marmato Project means the gold-silver project comprising an underground producing mine, the existing 1,200 tonnes per day (tpd) processing plant and the area encompassing the upper mine and the lower mine, all located within the mining license area referred to as the Zona Baja Mining Title, as well as the right to mine in the lower portion of the Echandia Mining Title granted by Minera Croesus, S.A.S., an indirect, wholly-owned subsidiary of GCM, as more fully described in the Aris Filings;
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Related to Marmato Project

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Infrastructure project means any construction or acquisition of treatment works,

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • cogeneration means the simultaneous generation in one process of thermal energy and electrical or mechanical energy;

  • Redevelopment project means a specific construction project

  • The Project Site, where applicable, means the place or places named in the SCC.