Life of Mine definition

Life of Mine means, the period during which all reserves and resources at the Mine as reported in the Borrower’s most recent reserve statement in respect thereof is projected to be extracted through planned mining activities at or in connection with the Mine.

Life of Mine or “LOM” means the time in which, through the employment of the available capital, the ore reserves, or such reasonable extension of the ore reserves as conservative geological analysis may justify, will be extracted.

Life of Mine nature of contracts means they require occasional amendment to address new circumstances

Examples of Life of Mine in a sentence

• The information in this presentation relating to the King of the Hills Ore Reserve is extracted from the ASX announcement titled “KOTH Final Feasibility Study delivers 2.4Moz Ore Reserve - confirms at least a 16-year Life of Mine and a clear pathway to production in 2022” dated 15 September 2020.

• Inferred Mineral Resources must not be included in the economic analysis, production schedules, or estimated mine life in publicly disclosed Pre-Feasibility or Feasibility Studies, or in the Life of Mine plans and cash flow models of developed mines.

• The Phase 2 expansion envisions one large, multi-pit mine, including the Phase 1 pits, producing an average of 411,000 ounces of gold annually over a 10.5 year Life of Mine (“LoM”) from 2018.

• Cash flow projections beyond five years are based on Life of Mine Plans or non-mine production plans, as applicable, and internal management forecasts.

• The process plant will operate 365 days per year with a Life of Mine (LOM) of approximately 15 years.

More Definitions of Life of Mine

Life of Mine means, in respect of the Camino Rojo Project, the period during which all reserves and resources at such mine as reported in the Borrower’s most recent reserve statement or mine plan or other project description filed from time to time with Official Bodies in respect of such mine is projected to be extracted through planned mining activities at or in connection with such mine.

Life of Mine means the period over which the Life of Mine Plan has been prepared;

Life of Mine means the period during which Proven and Probable Reserves of the Project are planned to be extracted in part or in full and the Project is to be operated in accordance with the Mine Plan.

Life of Mine has the meaning given to that term in the Initial Mine Plan, which period shall not be changed without the prior written consent of the Facility Agent (which approval shall not be unreasonably withheld or delayed), and shall be promptly given by the Facility Agent unless such change is likely to materially negatively affect the Free Cash, in any instance where the Facility Agent refuses to so grant its consent, the matter shall be referred to, and finally decided by the Independent Expert acting in accordance with the protocol in Schedule 8 (Independent Expert Protocol);

Life of Mine means the number of years that a particular mine will be operational;

Life of Mine or LoM” means the expected remaining years of production, based on production rates and ore mineral reserves;

Life of Mine means the period during which Proven and Probable Reserves of the Timmins/Thunder Creek Mine Complex and the Xxxx Creek Complex are planned to be extracted.