Milling and Processing Costs means costs and expenses incurred in respect of: (x) milling, treating or processing and transportation costs, all costs, charges and expenses for treatment in the smelting and refining process (including handling, processing, deductions, tolling charges); and (y) sales and brokerage costs, and actual costs of transportation (including insurance, storage, warehousing, port demurrage, delay and forwarding expenses) of Minerals or other products from the Properties to the place of treatment and then to the place of sale, without duplication;
Milling and Processing Costs which shall mean costs and expenses incurred in milling or processing Ores produced from the Premises at Tectonic’s mill or central processing facility utilized by Tectonic to produce Mineral Products from the Premises (herein referred to as the “Mill”), if any.
Milling and Processing Costs means costs and expenses incurred in respect of: (x) milling, treating or processing and transportation costs, all costs, charges and expenses for treatment in the smelting and refining process (including handling, processing, deductions, tolling charges); and (y) sales and brokerage costs, and actual costs of transportation (including insurance, storage, warehousing, port demurrage, delay and forwarding expenses) of Minerals or other products from the Properties to the place of treatment and then to the place of sale, without duplication; iii. “General and Administrative Costs” shall mean costs and expenses incurred in respect of the Properties during the calendar year and the production of ores and Minerals therefrom; iv. “Royalties” means all royalties or production royalties or royalties of any nature incurred in respect of the Properties (other than the FCF Payments pursuant to the FCF Royalty) or other payments of any nature whatsoever payable to third parties having an interest in the Properties and includes payments to any Indigenous Group pursuant to any impact benefit, participation or other similar agreement; and v. “Selling and Delivery Costs” shall mean costs and expenses incurred in respect of the production of Minerals from Properties during the calendar year in or in connection with the marketing of Minerals and the delivery of such Minerals to points of ultimate delivery to customers, including without limitation, all shipping and delivery costs, agency fees, and storage charges, without duplication. For greater certainty, in the event of any Unapproved Additional Capital Projects, the exclusion of operating costs and expenses from Unapproved Additional Capital Projects for purposes of the calculation of Mining Costs, Milling and Processing Costs, General and Administrative Costs, Royalties and Selling and Delivery Costs for purposes of the calculation of Free Cash Flow shall be allocated on a proportionate basis and in accordance with generally accepted practices in the mining industry, and in a manner mutually satisfactory to the Owner and the Holder (each acting reasonably and in good faith).
More Definitions of Milling and Processing Costs
Milling and Processing Costs means costs and expenses incurred after Commencement of Commercial Production by Minera Chanate or Buyer in milling, treating or processing ores and minerals produced from the Property at processing and treatment sites, including heap leaching sites, and/or at Producer's mill or central processing facility utilized by Producer to process ores and minerals produced from the Property (hereinafter referred to as the "Mill"), if any. The Producer shall be entitled to depreciation of Mill and other processing and treatment facilities and equipment acquired (or altered or modified) after Commencement of Commercial Production; capital costs incurred prior to the Commencement of Commercial Production are subject to recoupment under the definition of "Exploration and Development Expenditures" set forth below. "Milling and Processing Costs" shall also include all costs, charges and expenses paid or incurred by Minera Chanate or Buyer, as the case may be, with respect to such products for treatment in the smelting and refining processes (including handling, processing, interest, and provisional settlement fees, representation costs, penalties, and other processor deductions); and sales and brokerage costs and actual costs of transportation (including freight, insurance, transaction taxes, handling, port, demurrage, delay, and forwarding expenses incurred by reason of or in the course of such transportation) of ores, minerals, concentrates or other products from the Property to the place of treatment and then to the place of sale.
Milling and Processing Costs which shall mean costs and expenses incurred by the LESSEE after Commencement of Commercial Production in milling or processing Valuable Minerals produced from the leased premises at the LESSEE-Is mill or central processing facility utilized by the LESSEE to process Valuable Minerals produced from the leased premises (hereinafter referred to as the “Mill”), if any.