Silver Equivalent definition
Silver Equivalent means silver and gold only, with gold converted to silver equivalents at a 50 to 1 ratio.
Silver Equivalent means silver and gold only, with gold converted to silver equivalents at a 70 to 1 ratio. “Skarn” means a coarse-grained metamorphic rock formed by the contact metamorphism of carbonate rock often
Silver Equivalent means, with respect to the Payable Metals contained in each Offtaker Delivery, the aggregate amount Refined Silver equal to the sum of (i) Payable Silver, (ii) Payable Zinc Silver Equivalent, and (iii) Payable Lead Silver Equivalent.
Examples of Silver Equivalent in a sentence
In consideration for the sale and delivery of Refined Silver equal to the Silver Equivalent of Payable Metals under and pursuant to the terms of this Agreement, Purchaser hereby agrees to pay to Seller a deposit in cash against the purchase price for such Refined Silver in the amount of $46,000,000.00 (the “Deposit”), payable in accordance with Section 3.2.