Definition of Net Smelter Returns. During the term of this Lease, Lessee shall pay to Lessor, as a land owner's Production Royalty, a percentage of the Net Smelter Returns (as defined below) from the sale of any Valuable Minerals, Ore, and Product mined and sold from the Property. "Net Smelter Returns" are defined as the gross revenues actually received by Lessee from the sales of any Valuable Minerals extracted and produced from the Property less the following charges:
Appears in 4 contracts
Samples: Mining Lease (Bream Ventures Inc), Lease Agreement (Foothills Resources Inc), Lease Agreement (Foothills Resources Inc)
Definition of Net Smelter Returns. During the term of this LeaseAgreement, Lessee shall pay to Lessor, as a land owner's Production Royalty, a percentage of the Net Smelter Returns (as defined below) from the sale of any Valuable Minerals, Ore, and Product mined and sold from the Property. "Net Smelter Returns" are defined as the gross revenues actually received by the Lessee from the sales of any Valuable Minerals extracted and produced from the Property less the following charges:
Appears in 3 contracts
Samples: Lease Agreement (Prelude Ventures Inc), Lease Agreement (Tari Inc), Mining Lease (Pacific Spirit Inc)
