Net Smelter Return Royalty definition

Net Smelter Return Royalty means the royalty granted by this Schedule B.

Net Smelter Return Royalty has the meaning set out in Schedule “B” annexed hereto and forming a part hereof;

Net Smelter Return Royalty means a defined percentage of the gross revenue from a resource extraction operation, less a proportionate share of transportation, insurance, and processing costs.

Examples of Net Smelter Return Royalty in a sentence

• If either party becomes diluted to a 10% interest, that interest will be converted into a 2% Net Smelter Return Royalty.

• On October 18, 2006, the Company and the property vendor entered into a termination and sale agreement whereby the option agreement was cancelled and the Company purchased an undivided 100% interest in the property for a one-time payment of $5,000 subject only to an underlying 2.0% Net Smelter Return Royalty, of which the Company may buy back one half for $500,000.

• Any mineral production on the project is subject to a 3% Net Smelter Return Royalty (the “NSR”) to the property owner, subject to the Company’s right to reduce the Royalty from 3% to 2% for $2,000,000 USD.

• Attachment 1 Details of the Procurement Arrangement Involving International Competition Goods and Works and non consulting services.

• The property is subject to a 2% Net Smelter Return Royalty of which Callinex may purchase half for $1,000,000.

More Definitions of Net Smelter Return Royalty

Net Smelter Return Royalty means a royalty payment made by a producer of metals, usually to a previous property owner or Governmental authority, based on the value of gross metal production from the property, less deduction of certain limited costs including smelting, refining, transportation and insurance costs.

Net Smelter Return Royalty shall have the meaning as set forth in Schedule B.

Net Smelter Return Royalty means a royalty based on the gross proceeds received from the sale of minerals less the cost of smelting, refining, freight and other related costs.

Net Smelter Return Royalty or “NSR” means the gross revenues as a payment realized from the disposition of product after deduction of limited deductions, such as cost incurred for sampling and assaying, transportation, insurance, treatment penalties, taxes on product or its disposition. A net smelter return is a share of the net revenues generated from the sale of metal produced by a mine;

Net Smelter Return Royalty on the terms and conditions established in Appendix II -attached hereto (hereinafter "Royalty").

Net Smelter Return Royalty means all monies realized and actually received by the Optionee and any successors and assigns on the sale of any Products mined or extracted from the Property as evidenced by its returns or settlement sheets, including any premiums, bonuses and subsidies, less, if any such ores or minerals require smelting or other processing, all monies paid or payable on account of:

Net Smelter Return Royalty means the net smelter return royalty as defined in Schedule IV attached hereto.