Refined Material definition
Refined Material means gold and silver mined and removed from and attributable to the Property and refined to final gold and silver bullion standards of at least 99.95 percent pure gold and 99.9 percent pure silver; and
Examples of Refined Material in a sentence
The Net Profits Royalty on gold and silver processed into Refined Material shall be based upon the Deemed Payments received for the Deemed Sale of Refined Material.
If gold and silver dore' are produced by the Company, then the dore' shall be processed into Refined Material either in the Company's own facilities or through any commercially reasonable custom refining contract.
The Net Profits Royalty on Mineral Products other than gold and silver that are processed into EXHIBIT D, PAGE 1 Refined Material before sale (including without limitation gold or silver ore sold raw or as concentrates) shall be based upon Payments received by the Company for the Sale of such Mineral Product.