Common use of Net Smelter Returns Clause in Contracts

Net Smelter Returns. For the purpose hereof, the term “Net Smelter Returns” shall, subject to paragraphs 3, 4, 5, and 6 below, mean gross revenues received from the sale by the Owner of all ore mined from the Property and from the sale by the Owner of concentrate, doré, metal and products derived from ore mined from the Property, after deduction of the following: (a) all smelting and refining costs, sampling, assaying and treatment charges and penalties including but not limited to metal losses, penalties for impurities and charges for refining, selling and handling by the smelter, refinery or other purchaser (including price participation charges by smelters and/or refiners); and (b) costs of handling, transporting, securing and insuring such material from the Property or from a concentrator, whether situated on or off the Property, to a smelter, refinery or other place of treatment, and in the case of gold or silver concentrates, security costs; and (c) ad valorem taxes and taxes based upon sales or production, but not income taxes; and (d) marketing costs, including sales commissions, incurred in selling ore mined from the Property and from concentrate, doré, metal and products derived from ore mined from the Property.

Net Smelter Returns. For the purpose hereof, the term “Net Smelter Returns” shall, subject to paragraphs 3, 4, 5, and 6 below, mean gross revenues received from the sale by the Owner of all ore mined from the Property and from the sale by the Owner of concentrate, doré, metal and products derived from ore mined from the Property, after deduction of the following: (a) all smelting and refining costs, sampling, assaying and treatment charges and penalties including but not limited to metal losses, penalties for impurities and charges for refining, selling and handling by the smelter, refinery or other purchaser (including price participation charges by smelters and/or refiners); and (b) costs of handling, transporting, securing and insuring such material from the Property or from a concentrator, whether situated on or off the Property, to a smelter, refinery or other place of treatment, and in the case of gold or silver concentrates, security costs; and (c) ad valorem taxes and taxes based upon sales or production, but not income or net proceeds of mines taxes; and (d) marketing costs, including sales commissions, incurred in selling ore mined from the Property and from concentrate, doré, metal and products derived from ore mined from the Property.

Net Smelter Returns. For the purpose hereof, the term “"Net Smelter Returns” " shall, subject to paragraphs 3, 4, 5, and 6 below, mean gross revenues received from the sale by the Owner of all ore mined from the Property and from the sale by the Owner of concentrate, dorédore, metal and products derived from ore mined from the Property, after deduction of the following: (a) all smelting and refining costs, sampling, assaying and treatment charges and penalties including but not limited to metal losses, penalties for impurities and charges for refining, selling and handling by the smelter, refinery or other purchaser (including price participation charges by smelters and/or refiners); and (b) costs of handling, transporting, securing and insuring such material dore, metal and concentrates from the Property or from a concentrator, whether situated on or off the Property, to a smelter, refinery or other place of treatment, and in the case of gold or silver concentrates, security costs; and (c) ad valorem taxes and taxes based upon sales or production, but not income taxes; and (d) marketing costs, including sales commissions, incurred in selling ore mined from the Property and from concentrate, dorédore, metal and products derived from ore mined from the Property.

Net Smelter Returns. For the purpose hereof, the term “Net Smelter Returns” shall, subject to paragraphs 2, 3, 4, 5, and 6 5 below, mean gross revenues received from the sale by the Owner Payor of all ore mined from the Property Claim and from the sale by the Owner Payor of concentrate, doré, metal and products derived from ore mined from the PropertyClaim (the “Products”), after deduction of the following: (a) all smelting and refining costs, sampling, assaying and treatment charges and penalties including but not limited to metal losses, penalties for impurities and charges for refining, selling and handling by the smelter, refinery or other purchaser (including price participation charges by smelters and/or refiners); and (b) costs of handling, transporting, securing and insuring such material from the Property Claim or from a concentrator, whether situated on or off the PropertyClaim, to a smelter, refinery or other place of treatmenttreatment and then on to the place of sale, and in the case of gold or silver concentrates, security costs; and (c) ad valorem taxes and taxes based upon sales or production, but not income taxes; and (d) marketing costs, including sales commissions, incurred in selling ore mined from the Property and from concentrate, doré, metal and products derived from ore mined from the Property.

Net Smelter Returns. For the purpose hereof, the term “"Net Smelter Returns” " shall, subject to paragraphs 3, 4, 5, and 6 below, mean gross revenues received from the sale by the Owner of all ore mined from the Property and from the sale by the Owner of concentrate, doré, metal and products derived from ore mined from the Property, after deduction of the following: (a) all smelting and refining costs, sampling, assaying and treatment charges and penalties including but not limited to metal losses, penalties for impurities and charges for refining, selling and handling by the smelter, refinery or other purchaser (including price participation charges by smelters and/or refiners); and (b) costs of handling, transporting, securing and insuring such material from the Property or from a concentrator, whether situated on or off the Property, to a smelter, refinery or other place of treatment, and in the case of gold or silver concentrates, security costs; and (c) ad valorem taxes and taxes based upon sales or production, but not income taxes; and (d) marketing costs, including sales commissions, incurred in selling ore mined from the Property and from concentrate, doré, metal and products derived from ore mined from the Property.

Net Smelter Returns. For the purpose purposes hereof, the term “"Net Smelter Returns” " shall, subject to paragraphs 3, 4, 5, and 6 below, mean gross revenues received from the sale by the Owner of all ore mined from the Property and from the sale by the Owner of concentrate, doré, metal and products derived from ore mined from the Property, after deduction of the following: (a) all smelting and refining costs, sampling, assaying and treatment charges and penalties including but not limited to metal losses, penalties for impurities and charges for refining, selling and handling by the smelter, refinery or other purchaser (including price participation charges by smelters and/or refiners); and (b) costs of handling, transporting, securing and insuring such material from the Property or from a concentrator, whether situated on or off the Property, to a smelter, refinery or other place of treatment, and in the case of gold or silver concentrates, security costs; and (c) ad valorem taxes and taxes based upon sales or production, but not income taxes; and (d) marketing costs, including sales commissions, incurred in selling ore mined from the Property and from concentrate, doré, metal and products derived from ore mined from the Property.

Net Smelter Returns. For the purpose hereof, the term “Net Smelter Returns” shall, subject to paragraphs 3, 4, 5, and 6 below, mean gross revenues received from the sale by the Owner of all ore mined from the NSR Property and from the sale by the Owner of concentrate, doré, metal and products derived from ore mined from the NSR Property, after deduction of the following: (a) all smelting and refining costs, sampling, assaying and treatment charges and penalties including but not limited to metal losses, penalties for impurities and charges for refining, selling and handling by the smelter, refinery or other purchaser (including price participation charges by smelters and/or refiners); and; (b) costs of handling, transporting, securing and insuring such material from the NSR Property or from a concentrator, whether situated on or off the NSR Property, to a smelter, refinery or other place of treatment, and in the case of gold or silver concentrates, security costs; and; (c) ad valorem taxes and taxes based upon sales or production, but not income taxes; and (d) marketing costs, including sales commissions, incurred in selling ore mined from the NSR Property and from concentrate, doré, metal and products derived from ore mined from the NSR Property.