Reference Gold definition

Reference Gold means the Produced Gold contained in any Minerals contained in an Offtaker Delivery.
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Reference Gold means the aggregate number of ounces of gold contained in any Lot, in respect of which an Offtaker Delivery is made from and after the Effective Date.
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Reference Gold means 60% of the number of gold ounces contained in any Lot of concentrate, doré or any other metal bearing material produced from the Project (including gold derived from any processing or reprocessing of tailings, waste rock or other waste products originally derived from the Project) multiplied by (a) 97%, in the case of any Lot of copper concentrates (only to the extent payable metal comprising gold is contained in such concentrate), or (b) 99.9%, in the case of any Lot of gold doré and any other product;
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Examples of Reference Gold in a sentence

  • The Company will use, as the Reference Gold Price for purposes of this Term Sheet and the Preferred Shares, including for calculation of dividend, redemption and liquidation payments, the “London Gold Fix” price on the relevant redemption or payment date.

  • The “Relevant Number” means (A) if the Reference Gold Price on the trading day immediately prior to the Closing Date is equal to or greater than US$1,584, 0.015625 or (B) if the Reference Gold Price on the trading day immediately prior to the Closing Date is less than US$1,584, the number (rounded to six decimal points) that is equal to the quotient obtained by dividing US$25 by the such Reference Gold Price on the trading day immediately prior to the Closing Date.

  • Upon the Purchaser providing such notice to the Seller of its election for the WSMD Procedure to be implemented, the PSA Entities shall not make any delivery of Reference Gold, Reference Platinum or Reference Metal to a Related Party Offtaker unless the WSMD Procedures are in place with respect thereto.


More Definitions of Reference Gold

Reference Gold means Produced Gold (stated in ounces) contained in any Offtaker Delivery, multiplied by 99%.
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