Monthly Average Gold Price definition

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 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.

Examples of Monthly Average Gold Price in a sentence

• The Gross Value shall be determined by multiplying Gold Production during the month by the Monthly Average Gold Price.

• At the time of payment of the royalty, Payor shall accompany such payment with a statement which shows in detail the quantities and grades of refined gold, silver or other metals or dore, concentrates or ores produced and sold or deemed sold by Payor in the preceding month; the Monthly Average Gold Price and Monthly Average Silver Price, as applicable; costs and other deductions, and other pertinent information in detail to explain the calculation of the payment with respect to such month.

• The Gross Value shall be determined by multiplying Gold Production during the calendar month by the Monthly Average Gold Price.

• For purposes of determining the Royalty, the refined gold shall be deemed to have been sold at the Monthly Average Gold Price, and the Gross Proceeds shall be determined by multiplying Gold Production during the calendar month by the Monthly Average Gold Price for that month.

• Payer shall deliver with each royalty payment a statement which shows in detail the quantities and grades of refined gold, silver or other metals or dore, concentrates, Minerals or ores produced from the Property sold or deemed sold by Payer in the preceding month; the Monthly Average Gold Price and Monthly Average Silver Price, as applicable; costs and other deductions; and other pertinent information in detail to explain the calculation of the payment with respect to such month.

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” (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 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 [*].

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.

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.