Mining Costs definition
Mining Costs which means all costs related to mining, milling, concentrating and recovering metals from the Property and reclamation, rehabilitation and monitoring costs;
Mining Costs which shall mean costs and expenses, other than Leaching Costs, incurred in accordance with generally accepted accounting principles consistently applied in the U.S. mining industry from time to time by Tectonic in exploring for, developing, mining, extracting, removing, and transporting to the Mill (as hereafter defined), Mineral Products produced from the Premises. Such costs and expenses shall include, without limitation, those incurred for labor, machinery operation, fuel, explosives and other materials, exploration, developmental or ore delineation drilling, and a reasonable allowance for future costs anticipated to be incurred by Tectonic in reclamation in accordance with applicable laws and this Lease. Mining Costs shall not include any charge for depreciation, depletion, overhead for general and administrative charges, income taxes, or royalties paid by Tectonic to Xxxxx or any third party.
Mining Costs means costs and expenses in the period incurred in respect of exploring for, developing, mining, extracting, removing, and transporting to any processing site Minerals. Such costs and expenses shall include, without limitation, those incurred for labor, machinery operations, fuel, explosives and other materials, developmental or ore delineation drilling;
Examples of Mining Costs in a sentence
The movements in the major components of operating costs (mining, milling and site support), including capitalized stripping but before changes in inventory, is explained below: Mining Costs, including capitalized stripping (Third Quarter 2018 compared to Third Quarter 2017): Mining costs, including capitalized stripping, totaled $53.2 million in the third quarter of 2018, which was$4.6 million higher than the comparative quarter in 2017.
The underground mining costs are summarised as follows: Table 6-5: Underground Mining Costs Item It is assumed ore is hauled 1.0 km from the portal to the ROM and the cost of load and haul for waste development is included in the cost per development metre.
VANE Mining Costs shall only include costs related to the prospect or mine producing the ore and incurred on or after March 1, 2017.
Cash Cost per ounce sold Mining Costs 133 157 190 Processing Costs 285 322 333 Overhead 146 209 194 Inventory Adjustments (37) (96) 102 Total cash costs per ounce 527 592 819 Total ounces sold (ounces) 33,956 29,264 24,427 All-in sustaining costs per ounce 581 689 865 NAMOYA - MINE UNDER CONSTRUCTION During the first quarter of 2015, the key objective for Namoya management was to position the operation to reach commercial production levels by H2 2015.
Smith and Thomas Young, Nuclear Explosives and Mining Costs (California: University of California Lawrence Radiation Laboratory, UCRL 5928, July 1960), p.
More Definitions of Mining Costs
Mining Costs means costs and expenses accrued or incurred in accordance with generally accepted accounting principles by Minera Chanate or Buyer after Commencement of Commercial Production (as defined below) in exploring for, developing, mining, extracting, removing, and transporting to the Mill (as hereinafter defined) or other processing site, including heap leaching sites, ores or minerals produced from the Property. Such costs and expenses shall include, without limitation, those incurred for labor (including salaries, wages, costs and benefits), machinery operation, fuel, explosives and other materials, exploration drilling, developmental or ore delineation drilling, depreciation and amortization of mining equipment and machinery acquired (or altered or modified) after Commencement of Commercial Production, and a reasonable allowance for future costs anticipated to be incurred by Minera Chanate or Buyer in reclaiming the Property in accordance with applicable laws, regulations and agreements. Mining Costs shall not include depletion or income taxes.
Mining Costs which shall mean costs and the expenses incurred by the LESSEE after Commencement of Commercial Production (Commencement of Commercial Production means the date the obligation to pay a royalty commences in accordance with Article 7 (a) of the Lease) in exploring for, mining, extracting, removing and transporting to the Mill (as hereinafter defined) Valuable Minerals produced from the leased premises. Such costs and expenses shall include, without limitation, those incurred for labor, machinery operation, fuel, explosives and other materials, exploration drilling, developmental or ore delineation drilling, allowance for depreciation and amortization of mining equipment and machinery, reclamation and remediation.
Mining Costs means costs and expenses in the period incurred in respect of exploring for, developing, mining, extracting, removing, and transporting to any processing site Minerals. Such costs and expenses shall include, without limitation, those incurred for labor, machinery operations, fuel, explosives and other materials, developmental or ore delineation drilling; ii. “Milling and Processing Costs” shall mean 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 Hold...
Mining Costs means Operating Costs and Capital Costs actually incurred by Contractor for the purposes of the Mining Operations and properly debited to the Mining Operations Account in accordance with the Accounting Procedure.
Mining Costs shall include costs incurred or accrued for all other activities not otherwise covered above, including activities conducted after mining operations have ceased.
Mining Costs means that part of Direct Costs incurred by YMCP for its mining activities (such as grade control, surveying, drilling, blasting, excavating, loading, transporting, administering, environmental management, waste removal and disposal, pumping and ground control) required for the production of the Product.
Mining Costs means production costs incurred in mining.