Mercedes Mine definition

Mercedes Mine means the Mercedes mine located in the state of Sonora in Mexico, owned and operated by Equinox Gold.
Mercedes Mine means the Mercedes mine located in the state of Sonora in Mexico, owned and operated by Bear Creek Mining Corporation;
Mercedes Mine means the gold-silver mine located approximately 250 kilometers northeast of Hermosillo, Sonora, Mexico and approximately 300 kilometers south of Tuscon, Arizona, USA, as more particularly described in the Public Disclosure Record.

Examples of Mercedes Mine in a sentence

  • The financing package included a $37.5 million Gold Stream on the Mercedes Mine and a $22.5 million convertible debenture.

  • Under the terms of the Gold Stream, beginning in April 2022, Sandstorm agreed to purchase 25,200 ounces of gold over a 3.5 year period (the “Fixed Delivery Term”) and thereafter 4.4% of the gold produced from Mercedes Mine.

  • Commercial production commenced at the Mercedes Mine in 2011 and the mine has produced over 800,000 ounces of gold.

  • Under the terms of the Mercedes Gold Stream, after receipt of 25,200 gold ounces (the cost of which is 7.5% of the spot price), the Company is entitled to purchase 4.4% of the gold produced from the Mercedes Mine for ongoing per ounce cash payments equal to 25% of the spot price of gold.

  • Under the original terms of the Mercedes Gold Stream, after receipt of 25,200 gold ounces (the cost of which is 7.5% of the spot price), the Company is entitled to purchase 4.4% of the gold produced from the Mercedes Mine for ongoing per ounce cash payments equal to 25% of the spot price of gold.

  • Mineral deposits in the Las Chispas district are classified as silver and gold low to intermediate sulphidation epithermal systems, typical of many local deposits in northeastern Sonora, including the nearby Santa Elena mine (First Majestic Silver) and the Mercedes Mine (Premier Gold).

  • On April 21, 2022, the Company completed the sale of its Mercedes Mine in Mexico (“Mercedes”), the assets and liabilities of which were classified as held for sale at December 31, 2021 (note 5(a)).

  • Based on similar host geology, deposit types, and metal grades, the nearby underground gold-silver vein mining projects at the Santa Elena Mine (operated by First Majestic Silver Corp.) and Los Mercedes Mine (operated by Premier Gold Mines Limited) are considered analogous projects to verify reasonableness of the selected cut-off grade for in site vein material.

  • Premier’s principal assets acquired include a 50% interest in the Greenstone project in Ontario, Canada and the producing Mercedes Mine in Mexico.

  • Under the terms of the amended Mercedes Gold Stream, the Company will have the right to purchase 275 ounces per month through April 2028 and thereafter 4.4% of the gold produced from the Mercedes Mine for ongoing per ounce cash payments equal to 25% of the spot price of gold.


More Definitions of Mercedes Mine

Mercedes Mine means the Mercedes mine located in the state of Sonora in Mexico, owned and operated by Bear Creek Mining Corporation.
Mercedes Mine means the Mercedes Mine referenced in the section hereof entitled “The Corporation – Nomad Portfolio Assets – Mercedes and South Arturo Silver Stream – Mexico & Nevada, U.S.A.”.
Mercedes Mine means the gold-silver mine located approximately 000 xxxxxxxxxx xxxxxxxxx xx Xxxxxxxxxx, Xxxxxx, Xxxxxx and approximately 000 xxxxxxxxxx xxxxx xx Xxxxxx, Xxxxxxx, XXX, as more particularly described in the Public Disclosure Record.

Related to Mercedes Mine

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  • snippet means the Guarantee and Collateral Agreement, as amended, supplemented or otherwise modified from time to time, in the form of Exhibit E, among Holdings, the Borrower, each Subsidiary Loan Party and the Administrative Agent.","snippetLinks":[{"key":"guarantee-and-collateral-agreement","type":"clause","offset":[10,44]},{"key":"as-amended","type":"definition","offset":[46,56]},{"key":"otherwise- modified","type":"clause","offset":[74,92]},{"key":"from-time-to-time","type":"clause","offset":[93,110]},{"key":"form-of","type":"clause","offset":[119,126]},{"key":"exhibit-e","type":"clause","offset":[127,136]},{"key":"holdings","type":"clause","offset":[144,152]},{"key":"the-borrower","type":"clause","offset":[154,166]},{"key":"subsidiary-loan- party","type":"definition","offset":[173,194]},{"key":"the-administrative-agent","type":"clause","offset":[199,223]}],"hash":"61aabf5edc0e717dd017e870877aba2d","id":5},{"size":55,"samples":[{"uri":"/contracts/dcqI4XJ9kpY#collateral-agreement","label":"Credit Agreement (AGA Medical Holdings, Inc.)","score":21},

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