Exploration Expenses definition

Exploration Expenses means all costs, expenses, obligations, liabilities and charges of whatsoever nature or kind incurred or chargeable, directly or indirectly, in connection with the exploration and development of the Property including, without limiting the generality of the foregoing, all costs reasonably attributable, in accordance with generally accepted accounting principles, to the design, planning, testing, financing, administration, marketing, engineering, legal, accounting, transportation and other incidental functions associated with the exploration and mining operation contemplated by this Agreement and with the Facilities, but does not include Operating Expenses nor Capital Expenses.

Exploration Expenses means all expenditures incurred on reclamation of the Claims and on exploration and development activities (including activities associated with preparation of a feasibility study) directed towards disclosure and definition of an ore body on the Claims, including payments required to maintain the Claims in good standing, monies expended in paying the fees, wages, salaries, travelling expenses and fringe benefits of all persons engaged in work with respect to or for the benefit of the Claims and which are attributable to such persons work on the Claims;

Exploration Expenses means all costs, expenses, obligations, liabilities and charges of whatsoever nature or kind incurred or chargeable, directly or indirectly, in connection with the exploration and development of the Property all determined in accordance with generally accepted accounting principles including, without limiting the generality of the foregoing, all costs reasonably attributable, in accordance with generally accepted accounting principles, to the design, planning, testing, financing, administration, marketing, engineering, legal, accounting, transportation and other incidental functions associated with the exploration and mining operation contemplated by this Agreement and with the Facilities, but does not include Operating Expenses nor Capital Expenses.

Examples of Exploration Expenses in a sentence

• Earnings Before Interest, Tax, Impairment, Depreciation, Amortization and Exploration Expenses (“EBITDAX”) is not a generally accepted accounting measure under International Financial Reporting Standards (“IFRS”) and does not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable with definitions of EBITDAX that may be used by other public companies.

• The Company was committed to incur on or before December 31, 2013 a total of $43,200 of qualifying Canadian Exploration Expenses (“CEE”) as described in the Income Tax Act of Canada.

• A third factor that can have a major influence on quarterly results of junior exploration companies that finance a portion of their activities through the issuance of flow-through shares is the renunciation of qualifying Canadian Exploration Expenses to the investors who purchased the flow-through shares.

• The Company used the funds raised on qualifying expenditures that constitute Canadian Exploration Expenses ("CEE").

• Other income on deferred premiums The Company calculates the value of the other income on the deferred premiums based on exploration expenditures incurred which qualify for Canadian Exploration Expenses.

More Definitions of Exploration Expenses

Exploration Expenses means those expenses as so categorised in Annex “D”, the Accounting Procedure.

Exploration Expenses means costs and expenses of whatsoever kind or nature, including those of a capital nature, incurred or chargeable with respect to the exploration and development of the Property and the maintenance of the Property in good standing.

Exploration Expenses means the expenses incurred by the Company in the carrying out the Exploration.

Exploration Expenses has the meaning ascribed to it in the Mines and Minerals Act, Manitoba Regulations 64/92, Schedule B;

Exploration Expenses means those expenses so categorized in Annex D.

Exploration Expenses in any year means all amounts deductible from income in respect of expenses incurred in such year in connection with exploring or evaluating mineral deposits, including but not limited to camp construction costs, compensation payments, surface rentals, development drilling, pumping, labour, clearing, access roads, power and water connection, service charges for erecting transmission lines, piping, communications facilities of the property and other similar expenses incurred in preparing a Mining Area for Mining or Processing of Minerals.

Exploration Expenses means "Exploration Expenses" as set forth on Borrower's consolidated financial statement prepared in accordance with GAAP.