Marmato Mining Assets definition

Marmato Mining Assets means the area covered by Zona Baja and the right to mine in the lower portion of the Echandia Property and the existing 1,200 tonnes per day processing plant owned by Caldas Gold Marmato.
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Examples of Marmato Mining Assets in a sentence

  • The Zona Alta mining titles were retained by the Company in the spin out of the Marmato Mining Assets to Aris in 2020.

  • As of the date of this MD&A, the Company owns approximately 44% of Aris, a Canadian mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Mining Assets in Colombia.

  • In 2020, the Company recorded a charge in the amount of $16.7 million in connection with the Bluenose RTO Transaction that facilitated the Company’s spin out of its Marmato Mining Assets to the entity that eventually became Aris.

  • Revenue in the fourth quarter and full year in 2020 also included $12.6 million and $42.8 million, respectively, from the Marmato Mining Assets owned by Aris Gold Corporation (“Aris”).

  • Effective February 25, 2020, GCM completed the Caldas RTO resulting in the spin-out of the Marmato Mining Assets to Caldas Gold, which was listed on the TSXV at the time but is now listed on the TSX.

  • Caldas RTO On February 25, 2020, the Company completed the spin-off of its Marmato Mining Assets through a reverse takeover transaction completed with Bluenose.

  • Spin Out of Marmato Mining Assets On October 7, 2019, the Company announced it had entered into a letter of intent with Bluenose in respect of the spin out of the Marmato Mining Assets.

  • Adjusted EBITDA in the fourth quarter and full year in 2020 included $0.8 million and $5.4 million, respectively, from the Marmato Mining Assets.

  • In February 2020, the Company completed the Caldas RTO to spin-out the Marmato Mining Assets and in July, August and December of 2020, it participated in the Caldas Special Warrant Offering, the August 2020 Caldas Subscription Receipt Offering and the December 2020 Caldas Subscription Receipt Offering, respectively.

  • Consolidated revenue in 2021 does not include any revenue from the Marmato Mining Assets subsequent to February 4, 2021 as a result of the loss of control of Aris Gold as explained on page 7.

Related to Marmato Mining Assets

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Fixed Assets means the Equipment and Real Estate of the Borrower.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person, including without limitation cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Subject Assets is defined in Section 2.2(c).

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Leaseholds of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Timber means forest trees, standing or down, of a commercial species, including Christmas trees. However, "timber" does not include Christmas trees that are cultivated by agricultural methods, as that term is defined in RCW 84.33.035.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Mineral means gas, oil, and coal; other gaseous, liquid, and solid hydrocarbons; oil shale; cement material; sand and gravel; road material; building stone; chemical raw material; gemstone; fissionable and nonfissionable ores; colloidal and other clays; steam and other geothermal resources; and any other substance defined as a mineral by a law of this state.

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.