Examples of Net Smelter Return in a sentence
The project is subject to a 2% Net Smelter Return royalty (“NSR”) and the Company has an option to buy down the NSR to 1%.
There are no further payments owing under the Finder’s Agreement.The Company has granted a 2% Net Smelter Return (“NSR”) Royalty which is effective on all future production from the Valk Property.
Exploration and Evaluation Assets (continued) Pasfield Lake Project (continued) The vendor will retain a Net Smelter Return (“NSR”) of 2%, of which 1% may be purchased by the Company for $1,000,000.
Barrick is also entitled to a 2.5% Net Smelter Return royalty of all future production of any metals from the mine.There were no changes to contingent liabilities since 30 June 2023.Contingent AssetsFollowing the sale of Gunnison Gold Pty Ltd on 31 December 2023, the Group is entitled to performance payments as disclosed at item 4 within the directors’ report.
A 3% Net Smelter Return (“NSR”) is reserved to the vendor subject to the Company’s right to purchase back up to a 2% NSR by the payment of$500,000 for each 1% NSR interest purchased.