Production Royalty. 4.1 In addition to the consideration set forth herein, Lessee shall pay Lessor a Three and One Half percent (3.5%) Net Smelter Royalty on all mineral bearing ores. 4.2 The payment of Production Royalty shall be made not more than 45 days after the close of the month during which the payment is received from the smelter or buyer on which such Royalty is calculated.
Appears in 5 contracts
Samples: Mining Lease With Option to Purchase (Valley High Mining CO), Mining Lease With Option to Purchase (Colorado Goldfields Inc.), Mining Lease With Option to Purchase (Valley High Mining CO)
Production Royalty. 4.1 In addition to the consideration set forth herein, Lessee shall pay Lessor a Three and One Half percent Five Percent (3.55%) Net Smelter Royalty on all mineral bearing ores.
4.2 The payment of Production Royalty shall be made not more than 45 days after the close of the month during which the payment is received from the smelter or buyer on which such Royalty is calculated.
Appears in 1 contract
Samples: Mining Lease With Option to Purchase (Colorado Goldfields Inc.)
