Monthly Average Gold Price means the average London Bullion Market Association Afternoon Gold Fix, calculated by dividing the sum of all such prices reported for the month by the number of days for which such prices were reported during that month. If the London Bullion Market Association Afternoon Gold Fix ceases to be published, all such references shall be replaced with references to prices of gold for immediate sale in another established marked selected by Payor, as such prices are published in Metals Week magazine, and if Metals Week magazine no longer publishes such prices, the prices of such other association or entity generally accepted and recognized in the mining industry.
Monthly Average Gold Price means the average London Bullion Market Association P.M. Gold Fix, calculated by dividing the sum of all such prices reported for the month by the number of days for which such prices were reported.
Monthly Average Gold Price means the average London Bullion Market Association P.M. Gold Fix for a troy ounce of refined gold of a quality that is equal to or less thxx xhe quality of refined gold produced from the ores and minerals and meeting the standards applicable to the refined gold for which the Gross Proceeds are to be determined hereunder, calculated by dividing the sum of all such prices reported for the month in question by the number of days for which such prices were reported. If the London Bullion Market Association P.M. Gold Fix ceases or quotes prices for refined gold of a quality that is greater than the quality of refined gold for which the Gross Proceeds are being determined hereunder, all such references shall be replaced with references to prices of gold of a comparable quality for immediate delivery in the most nearly comparable established market selected by Producer as such prices are published in "Metals Week" or a similar publication.
Examples of Monthly Average Gold Price in a sentence
As used herein, "Monthly Average Gold Price" means the average London Bullion Market Association P.M. Gold Fix, calculated by dividing the sum of all such prices reported for the month by the number of days for which such prices were reported.
The Gross Returns from such deemed sales shall be determined by multiplying Gold Production during the month by the Monthly Average Gold Price.
If the London Bullion Market Association P.M. Gold Fix ceases to be published, the Monthly Average Gold Price shall be determined by reference to prices for refined gold for immediate delivery in the most nearly comparable established market selected by Payor as such prices are published in "Metals Week" or a similar publication.
The Value shall be determined by multiplying Gold Production during the calendar month by the Monthly Average Gold Price.
As used herein, "Monthly Average Gold Price" shall mean the average Xxxxxx Xxxxxxx Xxxxxx X-0 <PAGE> Association P.M. Gold Fix, calculated by dividing the sum of all such prices reported for the month by the number of days for which such prices were reported.
More Definitions of Monthly Average Gold Price
Monthly Average Gold Price means the average London Bullion Market Association P.M. Gold Fix in U.S. dollars, calculated by dividing the sum of all such prices reported for the applicable month of calculation by the number of days for which such prices were reported, in each case as shown in the Wall Street Journal or other similar publication. If the London Bullion Market Association P.M. Gold Fix ceases to be made or published, all such references shall be replaced with references to prices of gold for immediate delivery in the most nearly comparable established market reasonably selected by Producer as such prices are published in “Metals Week” or a similar publication.
Monthly Average Gold Price means the average London Bullion Market Association P.M. Gold Fix for a xxxx ounce of refined gold of a quality that is equal to or less than the quality of refined gold produced from the ores and minerals and meeting the standards applicable to the refined gold for which the Gross Value is to be determined hereunder, calculated by dividing the sum of all such prices reported for the month in question by the number of days for which such prices were reported. In the event that the London Bullion Market Association P.M. Gold Fix ceases or quotes prices for refined gold of a quality that is greater than the quality of refined gold for which the Gross Value is being determined hereunder, all such references shall be replaced with references to prices of gold of a comparable quality for immediate delivery in the most nearly comparable established market selected by Miranda as such prices are published in “Metals Week” or a similar publication. (b) If Miranda causes refined silver which meets or exceeds generally accepted commercial standards for the sale of refined silver (it being understood that the specifications for refined silver published by Handy & Xxxxxx presently meet such standards) to be produced from ores and minerals mined from the Property and, if Section 3(d) shall not be applicable, for purposes of determining the Production Royalty, the refined silver shall be deemed to have been sold at the Monthly Average Silver Price for the month in which it was refined, and the Gross Value shall be determined by multiplying Silver Production during the calendar month by the Monthly Average Silver Price. As used herein, “Silver Production” means the quantity of refined silver in xxxx ounces outturned to Miranda’s pool account (or to a third-party account for the benefit of Miranda) by an independent third-party refinery from ores and minerals mined from the Property on either a provisional or final settlement basis each calendar month. As used herein, “Monthly Average Silver Price” means the average New York Silver Price as published daily by Handy & Xxxxxx for a xxxx ounce of refined silver of a quality that is equal to or less than the quality of refined silver produced from the ores and minerals meeting the standards applicable to the refined silver for which the Gross Value is to be determined hereunder, calculated by dividing the sum of all such prices reported for the calendar month in question by the number of days for which such prices were reporte...
Monthly Average Gold Price means the average London Bullion Market Association Afternoon Gold Fix, calculated by dividing the sum of all �uch prices reported for the month by the number ofdays for which such pdces were reported during that month. Ifthe London Bullion Market Association Afternoon Gold Fix ceases to be published, an such references shall be replaced with references to prices of gold for immediate sale in an.other established market mutually agreed to by the parties in writing, as such prices are published in Metals We.ek magazine, and if Metals Week magazine Iio longer publishes such prices, the prices of such other association or entity generally accepted and recognized in the mining indu�try.
Monthly Average Gold Price means the average London Bullion Market Association “P.M. Gold Fix” (or should that quotation cease, another similar quotation acceptable to the Parties or, if they cannot agree, determined by arbitration hereunder), calculated by dividing the sum of all such prices reported for the Month by the number of days for which such prices were reported;
Monthly Average Gold Price means the average Xxxxxx Xxxxxxx Xxxxxx X-0 <PAGE> Association P.M. Gold Fix, calculated by dividing the sum of all such prices reported for the month by the number of days for which such prices were reported. (ii) Refined Metals Other Than Gold. If MSX causes silver or other refined metals other than refined gold to be produced from Minerals mined from the Properties, the Royalty shall be paid on the refined metal produced, as herein provided, and the Gross Proceeds shall be determined by multiplying Refined Metal Production during the calendar month by the Monthly Average Refined Metal Price for that month. As used herein, "Refined Metal Production" shall mean the quantity of Refined Metal out-turned during the calendar month to MSX's pool account by an independent third-party refinery from Minerals produced from the Properties, on either a provisional or final settlement basis. As used herein, "Monthly Average Refined Metal Price" shall mean the average New York Refined Metal Price as published by Metals Week, calculated by dividing the sum of all such prices reported for the calendar month by the number of days for which such prices were reported. (iii) Raw Ore, Dore or Concentrates. Subject to Section 2.4, if MSX sells raw ore, dore or concentrates produced from Minerals mined from the Properties, then the Gross Proceeds shall be equal to the amount of the proceeds actually received by MSX during the calendar month from the sale of such raw ore, dore or concentrates. (b)
Monthly Average Gold Price means, for any given calendar month, the monthly average of the daily afternoon (PM) per ounce London Bullion Market Association gold Price in U.S. dollars quoted by the London Bullion Market Association (currently in partnership with ICE Benchmark Administration) or any successor thereto, for gold for such month, calculated by dividing the sum of all such quotations during such month by the number of such quotations.
Monthly Average Gold Price means the average London Bullion Market Association P.M. Gold Fix in U.S. Dollars for a calendar month, calculated by dividing the sum of all such prices reported for the applicable month by the number of days for which such prices were reported, in each case as shown in the Financial Times or other similar publication, but corrected to the actual London Bullion Market Association price in the case of errors. If the London Bullion Market Association P.M. Gold Fix ceases to be made or published, all such references shall be replaced with references to prices of gold for immediate delivery in the most nearly comparable established market selected by Barrick, acting reasonably, as such prices are published in “Metals Week” or a similar publication.