Common use of Refining Charges Clause in Contracts

Refining Charges. Silver: US$ 1.20 (US$ one point two zero) per payable ounce of silver. This refining charge is based on a silver price of US$15/oz and shall be increased by US$0.05 for each US$1.0 dollar that the final silver prices is over US$15/oz. Gold: US$ 8.00 (US$ eight) per payable ounce of gold. Impurities Arsenic and Antimony US$ 3.00 (US$ three) per dry metric ton of the Concentrate for each 0.10% (zero point one zero percent) by which the final arsenic and antimony content exceeds 0.4% (zero point four percent), fractions pro rata. Bismuth US$ 1.50 (US$ one point five zero) per dry metric ton of the Concentrate for each 0.01% (zero point zero one percent) by which the final bismuth content exceeds 0.1% (zero point one percent), fractions pro rata.

Refining Charges. Silver: US$ Silver US$1.20 (US$ one point two zero) per payable ounce of silverounce. This refining charge is based on a silver price of US$15/oz TOz and shall be increased by US$0.05 for each US$1.0 dollar that the final silver prices price is over US$15/ozTOz. Gold: US$ Gold US$8.00 (US$ eight) per payable ounce of goldounce. Impurities Arsenic and + Antimony US$ Penalty US$3.00 (US$ three) per dry metric ton of the Concentrate for each 0.10% (zero point one zero percent) by which the final combined arsenic and plus antimony content exceeds 0.4% (zero point four percent) up to 3% (three percent), fractions pro rata. Bismuth US$ Penalty US$1.50 (US$ one point five zerofive) per dry metric ton of the Concentrate for each 0.010.010% (zero point zero one percent) by which the final bismuth content exceeds 0.1% (zero point one percent), . All fractions pro rata.

Refining Charges. Silver: US$ 1.20 2.6 (US$ one two point two zerosix) per payable xxxx ounce of silver. This refining charge is based on Basis in a silver price of US $ 20 per ounce, and increase US$150.085 per each US 1.00/oz and shall be increased by US$0.05 for each US$1.0 dollar that MT the final silver prices Ag price is over US$15/oz. above US $20 (Twenty) per ounce Gold: US$ 8.00 15.00 (US$ eightfifteen) per payable xxxx ounce of gold. Impurities Penalties Arsenic and + Antimony US$ 3.00 (US$ three) per dry metric ton of the Concentrate for each 0.10% (zero point one zero percent) by which the final arsenic and antimony content exceeds 0.4% (zero point four percent), fractions pro rata. Bismuth US$ 1.50 (US$ one point five zero) per dry metric ton of the Concentrate for each 0.01% (zero point zero one percent) by which the final bismuth content exceeds 0.10.10 % (zero point one percent) the final combined arsenic plus antimony content exceeds 0.7 % (zero point seven percent), . All fractions pro rata.

Refining Charges. Silver: US$ 1.20 2.6 (US$ one two point two zerosix) per payable xxxx ounce of silver. This refining charge is based on Basis in a silver price of US $ 20 per ounce, and increase US$150,085 per each US 1.00/oz and shall be increased by US$0.05 for each US$1.0 dollar that MT the final silver prices Ag price is over US$15/oz. above US $20 (Twenty) per ounce Gold: US$ 8.00 15.00 (US$ eightfifteen) per payable xxxx ounce of gold. Impurities Penalties Arsenic and + Antimony US$ 3.00 (US$ three) per dry metric ton of the Concentrate for each 0.10% (zero point one zero percent) by which the final arsenic and antimony content exceeds 0.4% (zero point four percent), fractions pro rata. Bismuth US$ 1.50 (US$ one point five zero) per dry metric ton of the Concentrate for each 0.01% (zero point zero one percent) by which the final bismuth content exceeds 0.10.10 % (zero point one percent), ) the final combined arsenic plus antimony content exceeds 0.7 % (zero point seven percent) All fractions pro rata.