Contiguous to SSR Mining's Seabee property, with the potential to provide additional ore sources to extend the life of the currently operating Seabee mill Recent ( September 2021 ) exploration results announced by SSR Mining at Fisher included 22.99 g/t Au over 1.46 meters at the Mac North target and 10.03 g/t Au over 2.5 meters at the Yin target
The Arizona Silver District project comprises 3 patented claims, 85 unpatented lode mining claims and 23 unpatented mill sites totaling more than 2,000 acres. The Project is under option between Stronghold Silver, a wholly-owned subsidiary of Apollo, and Gulf+Western Industries Inc., of Oklahoma. The vendor retains a 2% Net Smelter Royalty on ...
Net Smelter Return is a measure of the value of ore and is defined as the proceeds from the sale of mineral products, after deducting transportation and treatment costs. A NSR model of a mineral deposit serves two main purposes : ... The relationship between mill head grade and recoveries, ...
Newport has a 100 percent (%) interest in Chu Chua which is subject to two separate 1% Net Smelter Return ("NSR") royalties. 1d ago. CoinDesk. 8 Trends That Will Shape Bitcoin Mining in 2022.
This is a big operation. It produces copper and moly concentrates from a conventional crush-mill-float plant and produces copper cathodes from a dump leach and SXEW plant. In 2020 it produced 104,917 tonnes of copper in concentrates, 2,453 tonnes of moly in concentrates, and 22,056 tonnes of copper cathode. ... Net Smelter Return royalties are ...
Net profit interest - A portion of the profit remaining after all charges, including taxes and bookkeeping charges, such as depreciation, have been deducted. Net smelter return - A share of the net revenues generated from the sale of metal produced by a mine. Net worth - The difference between total assets and total liabilities.
The transaction also unencumbers the Fisher property through the elimination of a 2.5% net smelter return royalty which covers the majority of the project, particularly given the excess capacity at the Seabee mill and the recently completed tailings facility expansion, which provides capacity through 2031 at current production levels.
Net Smelter Return (NSR) $/tonne mill feed. $178.02. Operating Margin % 53%. Operating Costs. Underground Mine Operating Costs $/t mill feed. $47.37. Processing Plant / WSF $/t mill feed. $25.03.
West Dome Open Pit Ore Reserve is reported at a Net Smelter Return cut-off of A$20.1/t milled based on variable gold and copper contributions. Telfer Underground Ore Reserve is reported at a Net Smelter Return cut-off of A$53.0/t milled for sub-level cave, A$60.0/t milled for Western Flanks and A$115.0/t mille
Jul 23, 2021· a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine operations; and; a 2.5% net smelter return ("NSR") royalty on each of the Croinor Gold, McKenzie Break and Swanson properties, of which half (1.25%) can be bought back by Monarch for $2 million per property in the future ...
The adjacent Waterloo and Langtry Projects are located in the historic Calico Silver Mining District in the Mojave Desert of San Bernardino County, California. Under Apollo, this is the first time the two projects have been under common ownership. These represent district-scale mineral system endowment with 2,950 acres under Apollo control with ...
the mineral (mill, smelter, or treatment costs). However, extraction costs are not deductible. For these royalties and taxes, value may also be determined on the basis of a reference price. A common variation of the net smelter returns royalty or tax includes a standard deduction rate (such as a percentage of the value of the mineral)
SSR Mining (NASDAQ, TSX: SSRM) announced Thursday it has entered a definitive agreement to acquire all outstanding common shares of Taiga Gold (CSE: TGC), in a move that would greatly expand its presence in Saskatchewan.. SSR is currently only gold producer in the province, operating the Seabee underground mine about 125 km northeast of …
Over the past 15 years the rolling mill has sold nearly a million tonnes of aluminium, including 55,000 tonnes in 2014 alone. In July, the company closed its Point Henry aluminium smelter, leaving ...
an additional 0.5% net smelter return ... Ladner also has a permitted 1,300 tonne per day mill and tailings facility. A technical report from 2015 conducted on …
Minerals, global leader in the provision of mill circuit technology, dewatering solutions and services, has launched the new ® MudfloTM hydraulic submersible slurry pump. ... Parallel to this, Red 5 is entitled to a 3.25 percent net smelter royalty (NSR) to be paid from the sale of up to 619,000 oz. of gold produced from Siana ...
The transaction also unencumbers the Fisher property through the elimination of a 2.5% net smelter return royalty which covers the majority of the project, particularly given the excess capacity at the Seabee mill and the recently completed tailings facility expansion, which provides capacity through 2031 at current production levels.
Net smelter return The net smelter return (NSR) refers to the revenues expected from the mill feed, taking into consideration mill recoveries, transport costs of the concentrate to the smelter, treatment and refining charges, and other deductions …
A Net Smelter Returns Royalty has been generically described as follows: A Royalty calculated on the net smelter return is essentially calculated on the amount received by the mine or mill owner from the sale of the mineral product to the treatment plant that converts the output of the mill to marketable metal.
Horizon Minerals has reached an agreement to acquire the remaining 50 per cent of the high-grade Penny's Find gold project from Labyrinth Resources. Horizon will transfer $500,000 cash, $250,000 worth of Horizon shares and a series of smaller payments including net smelter royalties pending Horizon bringing the project into production which lies 50 kilometres …
Sibanye-Stillwater Ltd. said Tuesday that it will acquire both the Santa Rita nickel and Serrote copper mines in Brazil for $1.0 billion in …
Page 2. NET SMELTER RETURNS ROYALTY. 1.1 Reserving unto the Transferor, David Anthony Zamida (the "Royalty Holder"), his successors and assigns, a royalty equal to two percent (2.00%) of net smelter returns (the "Net Smelter Returns Royalty") from the described property on page 1 ("the "Property") payable by the Transferee, Tidewater Resources Inc. (the "Royalty Payor"), …
The Optionors will retain a 2% Net Smelter Return royalty (NSR) whereby Benton, at its election, will have the right to buy back 1% NSR for $1 million. On behalf of …
The acquisition will also eliminate a 2.5% net smelter return royalty on a large portion of the Fisher property. ... particularly given the excess capacity at …
Net smelter returns royalties and taxes are assessed as a percentage of the value of the mineral, but with deductions allowed for the costs of transporting and processing the mineral (mill, smelter, or treatment costs). However, extraction costs are not deductible. For these royalties and taxes, value may also be determined on the basis of a ...
A net smelter returns royalty is calculated on the proceeds of the sale of the mineral product to the treatment facility and may be payable in cash or in-kind. ... A royalty based on net profits is calculated by using a fixed percentage of the income from a mine-mill complex less expenses incurred to produce the income.
The Mineral Reserve has an economic cut-off for prime mill feed, based on net smelter return of US$5.22/t, US$5.21/t, US$5.18/t and US$5.16/t milled for tonalite, rhyolite, porphyry and supergene ...
As a result, the copper and gold net smelter returns for copper concentrate sold to Smelter A are equal to $511 and $515 per tonne of concentrate, or $48.01 and $48.37 per tonne of ore. When these numbers are divided by the mill feed grade, the copper and gold NSR factors are equal to $20.69 per % Cu and $18.97 per gram of gold.
Net Smelter Return means the value for marketable minerals produced from the Rex Project and received by or on behalf of the holder of Maker's interest in the Rex Project from a purchaser thereof less the following deductions: (a) all charges made by a smelter, mill or other purchaser including, without limiting the generality of the ...
The acquisition will also eliminate a 2.5% net smelter return royalty on a large portion of the Fisher property. ... particularly given the excess capacity at …