Net Smelter Returns means the gross proceeds received by the Purchaser in any year from the sale of Product from the mining operation on the Property, less:
Net Smelter Returns means the actual proceeds received from any mint, smelter or other purchaser for the sale of bullion, concentrates or ores produced from the Property and sold, after deducting from such proceeds the following charges to the extent that they are not deducted by the purchaser in computing payment:
Net Smelter Returns has the meaning prescribed in Schedule "B";
Examples of Net Smelter Returns in a sentence
Upon commencing production of any valuable minerals, industrial minerals, gems or precious stones from the Properties, Purchaser will pay Vendor a royalty on production (the “NSR Royalty”) equal to 2.0% of Net Smelter Returns as defined below.
More Definitions of Net Smelter Returns
Net Smelter Returns means the actual proceeds received by the Optionee from a smelter or other place of sale or treatment with respect to all ore removed by the Optionee from the Property as evidenced by its returns or settlement sheets after deducting from the said proceeds all freight or other transportation costs from the shipping point to the smelter or other place of sale or treatment but without any other deduction whatsoever.
Net Smelter Returns means the proceeds received by BCEI from any smelter or other purchaser from the sale of any ores, concentrates or minerals produced from the Claim after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds:
Net Smelter Returns means the net proceeds actually paid to the Optionee from the sale by the Optionee of minerals mined and removed from the Property, after deduction of the following:
Net Smelter Returns means the Gross Proceeds less Allowable Deductions.
Net Smelter Returns means the Gross Value of all Precious Metals and Other Minerals, less costs, charges and expenses paid or incurred by Lessee with respect to the refining and smelting of such Minerals, without limitation:
Net Smelter Returns means the net smelter returns from the production of Minerals from the Property as calculated and determined in accordance with Exhibit 1 attached to and part of Exhibit B attached to and part of the conveyance to be executed and delivered in accordance with Section 5.5.
Net Smelter Returns means the gross value of ores or concentrates shipped to a smelter or other processor (as reported on the smelter settlement sheet) less the following expenses actually incurred and borne by Lessee: