Mining Costs definition
Mining Costs which means all costs related to mining, milling, concentrating and recovering metals from the Property and reclamation, rehabilitation and monitoring costs;
Mining Costs which shall mean costs and expenses, other than Leaching Costs, incurred in accordance with generally accepted accounting principles consistently applied in the U.S. mining industry from time to time by Tectonic in exploring for, developing, mining, extracting, removing, and transporting to the Mill (as hereafter defined), Mineral Products produced from the Premises. Such costs and expenses shall include, without limitation, those incurred for labor, machinery operation, fuel, explosives and other materials, exploration, developmental or ore delineation drilling, and a reasonable allowance for future costs anticipated to be incurred by Tectonic in reclamation in accordance with applicable laws and this Lease. Mining Costs shall not include any charge for depreciation, depletion, overhead for general and administrative charges, income taxes, or royalties paid by Tectonic to ▇▇▇▇▇ or any third party.
Mining Costs means costs and expenses in the period incurred in respect of exploring for, developing, mining, extracting, removing, and transporting to any processing site Minerals. Such costs and expenses shall include, without limitation, those incurred for labor, machinery operations, fuel, explosives and other materials, developmental or ore delineation drilling;
Examples of Mining Costs in a sentence
The Net Profits Interest Royalty shall be paid in respect of amounts actually received by the Corporation from the sale of Products produced from the Gold Springs Project to a smelter, refiner or other bona fide purchaser less, but only to the extent actually incurred and borne by the Corporation (or its Subsidiaries), all Mining Costs, Milling Costs and General and Administrative Costs.
Those payments shall be Exploration Costs or Mining Costs, as applicable.
The Company intends to apply the ▇▇▇▇▇ proceeds from the issuance of the Preferred Stock and Net Profits Interest to the construction of the Mill, Mining Costs, Milling Costs and General and Administrative Costs (including salary expenses) of the Company, as those terms are defined in the recitals and paragraph 2 of this agreement.
WestMÿn will utilize Coins generated from Customer’s Mining Equipment to offset the Mining Costs and Expenses, and then transmit all remaining Coins (the “Payout”) directly to Customer via daily deposits to Customer’s wallet as designated by Customer from time to time in writing (“Wallet”), which deposit may take up to seventy-two (72) hours from the date of Coin generation.
The percentage of GEMXX Common shares issued to 2196936 will remain proportionate to the overall Mining Costs even if adjustments are made to the overall mining budget by the Mining Committee.
More Definitions of Mining Costs
Mining Costs means production costs incurred in mining.
Mining Costs means costs and expenses accrued or incurred in accordance with generally accepted accounting principles by Minera Chanate or Buyer after Commencement of Commercial Production (as defined below) in exploring for, developing, mining, extracting, removing, and transporting to the Mill (as hereinafter defined) or other processing site, including heap leaching sites, ores or minerals produced from the Property. Such costs and expenses shall include, without limitation, those incurred for labor (including salaries, wages, costs and benefits), machinery operation, fuel, explosives and other materials, exploration drilling, developmental or ore delineation drilling, depreciation and amortization of mining equipment and machinery acquired (or altered or modified) after Commencement of Commercial Production, and a reasonable allowance for future costs anticipated to be incurred by Minera Chanate or Buyer in reclaiming the Property in accordance with applicable laws, regulations and agreements. Mining Costs shall not include depletion or income taxes.
Mining Costs which shall mean costs and the expenses incurred by the LESSEE after Commencement of Commercial Production (Commencement of Commercial Production means the date the obligation to pay a royalty commences in accordance with Article 7 (a) of the Lease) in exploring for, mining, extracting, removing and transporting to the Mill (as hereinafter defined) Valuable Minerals produced from the leased premises. Such costs and expenses shall include, without limitation, those incurred for labor, machinery operation, fuel, explosives and other materials, exploration drilling, developmental or ore delineation drilling, allowance for depreciation and amortization of mining equipment and machinery, reclamation and remediation.
Mining Costs means costs and expenses in the period incurred in respect of exploring for, developing, mining, extracting, removing, and transporting to any processing site Minerals. Such costs and expenses shall include, without limitation, those incurred for labor, machinery operations, fuel, explosives and other materials, developmental or ore delineation drilling; ii. “Milling and Processing Costs” shall mean costs and expenses incurred in respect of: (x) milling, treating or processing and transportation costs, all costs, charges and expenses for treatment in the smelting and refining process (including handling, processing, deductions, tolling charges); and (y) sales and brokerage costs, and actual costs of transportation (including insurance, storage, warehousing, port demurrage, delay and forwarding expenses) of Minerals or other products from the Properties to the place of treatment and then to the place of sale, without duplication; iii. “General and Administrative Costs” shall mean costs and expenses incurred in respect of the Properties during the calendar year and the production of ores and Minerals therefrom; iv. “Royalties” means all royalties or production royalties or royalties of any nature incurred in respect of the Properties (other than the FCF Payments pursuant to the FCF Royalty) or other payments of any nature whatsoever payable to third parties having an interest in the Properties and includes payments to any Indigenous Group pursuant to any impact benefit, participation or other similar agreement; and v. “Selling and Delivery Costs” shall mean costs and expenses incurred in respect of the production of Minerals from Properties during the calendar year in or in connection with the marketing of Minerals and the delivery of such Minerals to points of ultimate delivery to customers, including without limitation, all shipping and delivery costs, agency fees, and storage charges, without duplication. For greater certainty, in the event of any Unapproved Additional Capital Projects, the exclusion of operating costs and expenses from Unapproved Additional Capital Projects for purposes of the calculation of Mining Costs, Milling and Processing Costs, General and Administrative Costs, Royalties and Selling and Delivery Costs for purposes of the calculation of Free Cash Flow shall be allocated on a proportionate basis and in accordance with generally accepted practices in the mining industry, and in a manner mutually satisfactory to the Owner and the Hold...
Mining Costs means, with respect to Mining Operations, either (i) the costs of electricity consumed (together with any goods and services tax or value added tax thereon) for running such Mining Operations; or (ii) the hosting fees under the relevant Hosting Arrangement.
Mining Costs means Operating Costs and Capital Costs actually incurred by Contractor for the purposes of the Mining Operations and properly debited to the Mining Operations Account in accordance with the Accounting Procedure.
Mining Costs means that part of Direct Costs incurred by YMCP for its mining activities (such as grade control, surveying, drilling, blasting, excavating, loading, transporting, administering, environmental management, waste removal and disposal, pumping and ground control) required for the production of the Product.