Refined Gold definition

Refined Gold means marketable metal bearing material in the form of gold bars or coins that is refined to a minimum 995 parts per 1,000 fine gold.

Refined Gold means all and any refined gold bullion produced, derived or resulting from Unrefined Gold originating from the Properties or any portion thereof;

Refined Gold means marketable metal bearing material in the form of gold that is refined to standards meeting or exceeding commercial standards for the sale of refined gold.

Examples of Refined Gold in a sentence

• The basic objective of such selection shall be to secure the continuity of fair market pricing of Refined Gold, silver or such other commodity.

• KIA may elect to receive its Net Smelter Returns Royalty relating to gold “in cash” or “in kind” as Refined Gold.

• The obligation to pay the Royalty shall accrue upon the outturn of Refined Gold or Refined Silver to the account of Producer or its Affiliates (or to a third-party account for the benefit of Producer or such Affiliate), or upon the sale of other Mineral Products as provided in clause (c) of the definition of Gross Value in Article 1 above.

• The amount of Refined Gold to be credited will be based upon KIA’s share of the previous quarter’s Receipts.

• In the case of gold shipped by the Royalty Entities in the form of doré, the Payor shall credit the Payee’s account with 2.0% of the Refined Gold derived from Minerals and credited to the Royalty Entities by the refiner as soon as practicable and in any event no later than two Business Days after Refined Gold is credited to the Royalty Entities, unless the Payee has elected to be paid in cash pursuant to Section 2(b) hereof.

More Definitions of Refined Gold

Refined Gold means gold produced from ore mined from the Royalty Properties that is refined to meet or exceed generally accepted commercial standards for the “good delivery” of gold bullion on the U.S. or London commodity exchanges.

Refined Gold means gold of minimum 0.995 fineness in gold bars, conforming in all respects with the specification for “Good Delivery Gold Bars” under the “Good Delivery Rules”, as published by the London Bullion Market Association from time to time;

Refined Gold means gold bullion refined at the Nominated Refinery to the London Good Delivery standard pursuant to the Refining Agreement, from gold doré and any other gold products produced at the Mine.

Refined Gold means marketable metal bearing material in the form of gold bars or coins that is refined to a minimum 995 parts per 1,000 fine gold. “ Royal Gold Documents ” means the Royal Gold Purchase Agreement and the Royal Gold Security Documents.

Refined Gold has the defined meaning assigned to it in the Purchase Agreement.

Refined Gold the merchantable units of gold which RRL extracts from the product;

Refined Gold means refined gold meeting or exceeding the current specifications for refined gold published by the London Bullion Market Association;