Gold Equivalent Ounces definition

Gold Equivalent Ounces means, (i) the number of ounces of gold produced during a specific period (for purposes of this definition the “Milestone Period”), plus (ii) the number of ounces of silver produced during the Milestone Period expressed in additional ounces of gold (for the purposes of this definition, the “Gold Equivalent”). The Gold Equivalent shall be equal to the number of ounces of silver produced under (ii) above, divided by the quotient of (x) the average Gold Market Price for the trading days during the Milestone Period, and (y) the average Silver Market Price for the trading days during the Milestone Period.
Gold Equivalent Ounces means, for any particular Fiscal Year in respect of any Subject Producing Asset, the gold ounces plus the gold equivalent of non-gold ounces (with non-gold ounces converted to gold ounces based on the rolling five year average spot price per ounce at the time of such conversion calculation) produced from such Subject Producing Asset.
Gold Equivalent Ounces means (i) the number of ounces of Gold plus (ii) the number of ounces of Silver expressed in its Gold Equivalent (as calculated below). “GOLD EQUIVALENT” shall be equal to the number of ounces of Silver under clause 4(b)(ii) above divided by the quotient of (x) the average price of Gold during the month, and (y) the average price of Silver during the month. Average Gold and Silver prices shall be determined by reference to the average daily settlement prices of these metals on the London Bullion Market Association, PM Fix (Bloomberg: GoldLNPM and SLVRLN Indexes, respectively). “PAYABLE GOLD EQUIVALENT OUNCES” means the number of saleable Gold Equivalent Ounces after losses due to metallurgical processing and smelter and/or refining deductions. The Performance Bonus shall be payable by Santa Fe at the end of the month immediately following satisfaction of either Performance Standard 1 or Performance Standard 2.

Examples of Gold Equivalent Ounces in a sentence

  • Gold Equivalent Ounces (“GEOs”) are calculated as reported revenue (in total or by reportable segment) for a period divided by the average gold price for that same period.

  • The increase is largely attributable to an 18% increase in the Attributable Gold Equivalent Ounces sold.

  • The primary objective of the recent 2010 drilling program was to confirm a minimum of 50,000 Gold Equivalent Ounces (“AuEq Oz”) in the indicated resource category within a “core” area of the orebody.

  • The Ocampo heap leach produced 7,729 Gold Equivalent Ounces in the month of May equaling 5,737 ounces of gold and 101,605 ounces of silver, based on actual Gold and Silver prices realized upon sale.

  • TSX:GAM / AMEX:GRS / BSX:GL7 TSXV:MGR Halifax, June 7, 2006 Production Ramps-Up at Gammon Lake's Ocampo Gold-Silver Mine The Ocampo Heap Leach Produced 7,729 Gold Equivalent Ounces in the month of May equaling 5,737 ounces of gold and 101,605 ounces of silver, based on actual Gold and Silver prices realized upon sale.

  • The increase is largely attributable to a 21% increase in the Attributable Gold Equivalent Ounces sold and a 23% increase in the average realized gold price per attributable ounce.

  • Annual Gold Supply(Tonnes), 2011‐2016 300,000Royal Gold Volume Profile through 6‐30‐17 Source: World Gold CouncilSupply essentially flatForecast Net Gold Equivalent Ounces (GEOs)2250,000 200,000 150,000 100,000 50,000 0FY2012 FY2013 FY2014 FY2015 FY2016 FY2017Other Pueblo Viejo, Andacollo, Wassa, Prestea Streams 1 CAGR=Compound Annual Growth Rate2 GEOs: Gold Equivalent Ounces, calculated as revenue less stream payments (COGS), divided by Royal Gold’s average realized gold price for prior fiscal periods.

  • Gold Equivalent Ounces Gold equivalent ounces calculated from our copper assets are calculated using a long term mineral reserve commodity prices of $1,300/oz gold and $3.00/lb copper.

  • An overview of the production statistics is presented in Table 1-1.Table 1-1 Project StatisticsItem Value Tonnes of Ore Treated 37,847,000 t Average Gold Grade 0.84 g/t Average Silver Grade 9.50 g/t Average Gold Equivalent Grade 1.02 g/t Recoverable Gold Ounces 876,000 oz Recoverable Silver Ounces 1,734,000 oz Recoverable Gold Equivalent Ounces 909,500 oz Waste Tons 72.267,000 t Strip Ratio 1.91:1 Note: Reserve definition uses a variable cut-off scheme to enhance the project value.

  • The increase is largely attributable to an increase in Attributable Gold Equivalent Ounces sold as well as a 5% increase in the average realized selling price of gold.


More Definitions of Gold Equivalent Ounces

Gold Equivalent Ounces means (i) the number of ounces of Gold produced during a specific period (for the purposes of this definition, the “Milestone Period”), plus (ii) the number of ounces of Silver produced during the Milestone Period expressed in additional ounces of Gold (for the purposes of this definition, the “Gold Equivalent”). The Gold Equivalent shall be equal to the number of ounces of Silver produced under (ii) above, divided by the quotient of (x) the average price of Gold during the Milestone Period, and (y) the average price of Silver during the Milestone Period. Average Gold and Silver prices shall be determined by reference to the average daily settlement prices of these metals on the London Bullion Market Association, PM Fix (Bloomberg: GoldLNPM and SLVRLN Indexes, respectively). By way of example, if during the Milestone Period, 600 ounces of Gold and 60,000 ounces of Silver are produced and the average prices of Gold and Silver are $1,500 and $25, respectively, the number of Gold Equivalent Ounces shall be 1,600, calculated as follows: = 600 + [60,000 / (1,500 / 25)] = 1,600

Related to Gold Equivalent Ounces

  • Equivalent Load means the sum of a Market Participant’s net system requirements to serve its customer load in the PJM Region, if any, plus its net bilateral transactions.

  • Dose equivalent (HT means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • Aluminum equivalent means the thickness of type 1100 aluminum alloy affording the same attenuation, under specified conditions, as the material in question.

  • USD Equivalent means (i) in respect of each FX Offsetting Transaction, each FX Direct Transaction and each Reverse Dealer Transaction that is a FX Transaction or Currency Option Transaction (assuming (1) the exercise of any Currency Option Transaction and (2) in respect of any Non-Deliverable FX Transaction, the actual exchange of the amounts of the relevant currencies), (y) if there is a USD amount payable either to or by JPMC under such FX Offsetting Transaction, FX Direct Transaction, or Reverse Dealer Transaction, as the case may be, such USD amount or (z) if there is no USD amount payable either to or by JPMC under such FX Offsetting Transaction, FX Direct Transaction, or Reverse Dealer Transaction, as the case may be, then the Dollar Value, determined by JPMC, of the amount of currency payable to JPMC under such FX Offsetting Transaction or Reverse Dealer Transaction, as the case may be, and (ii) in respect of each Bullion Offsetting Transaction, each Bullion Direct Transaction, or Reverse Dealer Transaction that is a Bullion Trade or Bullion Option, as the case may be, (assuming the exercise of any Bullion Option), the Dollar Value, determined by JPMC, of the relevant quantity of Bullion payable to JPMC under such Bullion Offsetting Transaction, Bullion Direct Transaction, or Reverse Dealer Transaction, as the case may be,.

  • Put Equivalent Position shall have the meaning set forth in Rule 16a-1(h) under the Exchange Act.

  • Lead equivalent means the thickness of lead affording the same attenuation, under specified conditions, as the material in question.

  • Approximate Equivalent Amount of any currency with respect to any amount of Dollars shall mean the Equivalent Amount of such currency with respect to such amount of Dollars on or as of such date, rounded up to the nearest amount of such currency as determined by the Administrative Agent from time to time.

  • Call Equivalent Position shall have the meaning set forth in Rule 16a-1(b) under the Exchange Act.

  • Dose equivalent (HT) means the product of the absorbed dose in tissue, quality factor, and all other necessary modifying factors at the location of interest. The units of dose equivalent are the sievert (Sv) and rem.

  • B/A Equivalent Loan shall have the meaning assigned to such term in Section 2.22(h).

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • Aggregate Industry Equivalent Unit Score is then calculated for each S&P Industry Classification, shown on Schedule 2, and is equal to the sum of the Equivalent Unit Scores for each issuer in such industry classification group.

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • Sterling Equivalent means at the time of determination thereof (a) with respect to Sterling, the amount in Sterling and (b) with respect to any amount in Dollars, the equivalent of such amount in Sterling determined by Administrative Agent at such time on the basis of the Exchange Rate for the purchase of Sterling with Dollars on the most recent Computation Date provided for in Section 2.8(a).

  • Dollar Equivalent Amount means (i) with respect to any amount of Alternate Currency on any day, the equivalent amount in Dollars of such amount of Alternate Currency as determined by the Administrative Agent using the applicable Exchange Rate on such day and (ii) with respect to any amount of Dollars, such amount.

  • Bond Equivalent Yield means a yield (expressed as a percentage) calculated in accordance with the following formula:

  • Units serving lower income households means units that are occupied by lower income households at an affordable rent, as defined in section 50053 of the Health and Safety Code or, to the extent that the terms of federal, state, or local financing or financial assistance conflicts with section 50053, rents that do not exceed those prescribed by the terms of the financing or financial assistance. Effective October 13, 2017, pursuant to Revenue and Taxation Code section 214(g)(2)(A)(iii), a unit in a property that receives federal low income housing tax credits shall continue to be treated as occupied by a lower income household if the occupants were lower income households on the lien date in the fiscal year in which their occupancy of the unit commenced and the unit continues to be rent restricted, notwithstanding an increase in the income of the occupants of the unit to 140 percent of area median income (AMI), adjusted for family size (“over-income” tenants). Units reserved for lower income households at an affordable rent that are temporarily vacant due to tenant turnover or repairs shall be counted as occupied.

  • Equivalent Security means any Security issued by the same entity as the issuer of a subject Security, including options, rights, stock appreciation rights, warrants, preferred stock, restricted stock, phantom stock, bonds, and other obligations of that company or Security otherwise convertible into that Security. Options on Securities are included even if, technically, they are issued by the Options Clearing Corporation or a similar entity.

  • Equivalent position means an employment position that:

  • DBRS Equivalent Rating means, with respect to any date and any Person with respect to whom DBRS does not maintain a public Relevant DBRS Rating as of such date,

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Committed dose equivalent (HT,50) means the dose equivalent to organs or tissues of reference (T) that will be received from an intake of radioactive material by an individual during the 50-year period following the intake.

  • Cash Equivalent Investment means, at any time:

  • Interest Equivalent means a yield on a 360-day basis of a discount basis security which is equal to the yield on an equivalent interest-bearing security.

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Equivalent Shares means Preferred Shares and any other class or series of capital stock of the Company which is entitled to the same rights, privileges and preferences as the Preferred Shares.