Life of Mine definition

Life of Mine or “LOM” means the time in which, through the employment of the available capital, the ore reserves, or such reasonable extension of the ore reserves as conservative geological analysis may justify, will be extracted.

Life of Mine means, in respect of each mine of an Obligor, the period during which all reserves and resources at such mine as reported in Equinox’s most recent reserve statement in respect of such mine is projected to be extracted through planned mining activities at or in connection with such mine.

Life of Mine means, for any particular Project, the period during which all reserves and resources at such Project as reported in the Borrower's most recent Reserve Statement in respect of such Project is projected to be extracted through planned mining activities at or in connection with such Project.

Examples of Life of Mine in a sentence

• Appropriate assessments to a minimum of a Pre-Feasibility Study for a project and a Life of Mine Plan for an operation must have been completed, including consideration of, and modification by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors (the modifying factors).

• Inferred Mineral Resources must not be included in the economic analysis, production schedules, or estimated mine life in publicly disclosed Pre-Feasibility or Feasibility Studies, or in the Life of Mine plans and cash flow models of developed mines.

• The Phase 2 expansion envisions one large, multi-pit mine, including the Phase 1 pits, producing an average of 411,000 ounces of gold annually over a 10.5 year Life of Mine (“LoM”) from 2018.

• Appropriate assessments to a minimum of a Pre-Feasibility Study for a project or a Life of Mine Plan for an operation must have been carried out, including consideration of, and modification by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors.

• These are sufficient to meet the future needs as defined by the Life of Mine Plan.

More Definitions of Life of Mine

Life of Mine means, the period during which all reserves and resources at the Mine as reported in the Borrower’s most recent reserve statement in respect thereof is projected to be extracted through planned mining activities at or in connection with the Mine.

Life of Mine nature of contracts means they require occasional amendment to address new circumstances

Life of Mine has the meaning given to that term in the Initial Mine Plan, which period shall not be changed without the prior written consent of the Facility Agent (which approval shall not be unreasonably withheld or delayed), and shall be promptly given by the Facility Agent unless such change is likely to materially negatively affect the Free Cash, in any instance where the Facility Agent refuses to so grant its consent, the matter shall be referred to, and finally decided by the Independent Expert acting in accordance with the protocol in Schedule 8 (Independent Expert Protocol);

Life of Mine means the anticipated duration an Operator can produce a Great Salt Lake Element or Mineral in Paying Quantities.

Life of Mine means the number of years that a particular mine will be operational;

Life of Mine means the period during which Proven and Probable Reserves of the Project are planned to be extracted in part or in full and the Project is to be operated in accordance with the Mine Plan.

Life of Mine means the period during which all Reserves at the Mines constituting Included Property are projected to be extracted through planned mining activities (for the LaRonde Mine, currently through to the year 2016).