Silver Production means the quantity of refined silver outturned to Payor's account by an independent third-party refinery for silver produced from the Property during the month on either a provisional or final settlement basis.
Silver Production means the quantity of refined silver that is outturned to Payor’s account by the refinery during the calendar month on either a provisional or final settlement basis. If outturn of refined silver is made by the refinery on a provisional basis, the Gross Returns shall be based upon the amount of such provisional settlement, but shall be adjusted in subsequent statements to account for the amount of refined metal established by final settlement by the refinery. As used herein, “Monthly Average Silver Price” shall mean the average New York Silver Price as published daily by Handy & Hxxxxx, 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. If the Handy & Hxxxxx quotation ceases to be published, the Monthly Average Silver Price shall be determined by reference to prices for refined silver for immediate delivery in the most nearly comparable established market selected by Payor as published in “Metals Week” or a similar publication.
Silver Production means the quantity of refined silver outturned during the calendar month to the Company’s account by an independent third party refinery from Products, on either a provisional or final settlement basis. As used herein, “Monthly Average Silver Price” shall mean the average New York Silver Price as published daily by Handy & Hxxxxx, 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.
Examples of Silver Production in a sentence
The Gross Value shall be determined by multiplying Silver Production during the month by the Monthly Average Silver Price.
The Gross Value shall be determined by multiplying Silver Production during the calendar month by the Monthly Average Silver Price.
Silver Production dropped, but value was up due to the price increase.
The Silver Institute, Global Silver Production, www.silverinstitute.org.
Annual Silver Production: 279,400 oz.*Gold equivalent (AuEq) was based on recovered payable metal with an effective ratio of 65:1Ag:Au. Additional Highlights: • Average annual production for the first four years is approximately 81,000 AuEq oz.
More Definitions of Silver Production
Silver Production means the quantity of refined silver outturned to Payor's account by an independent third-party refinery for silver produced from the Property during the quarter on either a provisional or final settlement basis.
Silver Production means either: (i) the quantity of Refined Ag measured in ounces that is outturned to the Owner’s account by a refinery; or (ii) the recoverable and saleable quantity of Ag contained in Ag bearing ores, metals (metals shall include bullion, concentrates or other forms) derived from operating the Property as a mine to which has been applied the least number of treatments or processes necessary to render the minerals into a substance or state for which there is a commercially significant market of arm’s length sales or purchases between unrelated parties;
Silver Production means the quantity of Refined Silver returned or credited during a calendar quarter to the pool account of AEM or any of its Related Parties by a refinery that produces Refined Silver for AEM or any of its Related Parties in respect of Products.
Silver Production means the quantity of Refined Silver out-turned (credited) during a calendar month to the pool account of the Payor or its Affiliates by a refinery that produces Refined Silver for the Payor or its Affiliates on a toll-refining basis in respect of Products, on either a provisional or final settlement basis; as the case may be; settlement adjustments arising from final determinations of metal weights and assays will be reflected in Silver Production when determined;
Silver Production means the quantity of refined silver out-turned to Grantee’s account by an independent third party refined for silver produced from the Property during the calendar month on either a provisional or formal settlement basis.
Silver Production means for each calendar month the number of xxxx ounces of Refined Silver delivered during that month to the account of Producer or an Affiliate of Producer (or to a third party account for the benefit of Producer or such Affiliate) by a refinery, smelter or other processor, obtained from ore mined from the Royalty Properties on either a final or provisional settlement basis, subject to any refinery adjustments for preceding periods as described in Section 2.3 below.
Silver Production means the quantity of refined silver that is outturned to Payor's account by the refinery during the calendar month on either a provisional or final settlement basis. If outturn of refined silver is made by the refinery on a provisional basis, the Gross Returns shall be based upon the amount of such provisional settlement, but shall be adjusted in subsequent statements to account for the amount of refined metal established by final settlement by the refinery. As used herein, "Monthly Average Silver Price" shall mean the average New York Silver Price as published daily by Handy & Xxxxxx, 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. If the Handy & Xxxxxx quotation ceases to be published, the Monthly Average Silver Price shall be determined by reference to prices for refined silver for immediate delivery in the most nearly comparable established market selected by Payor as published in "Metals Week" or a similar publication. (iii) If Payor sells refined metals (other than refined gold and refined silver), dore or concentrates produced from Valuable Minerals from the Claims, the Gross Returns for such refined metals shall be the proceeds actually received by Payor from their sale. If such sales are to an Affiliate, the refined metals, dore, or concentrates shall be deemed, solely for the purpose of computing Gross Returns, to have been sold at prices and on terms no less favorable to Payor than those which would have been received under similar circumstances from an unaffiliated third party. As used herein, "Affiliate" means any person, partnership, limited liability company, joint venture, corporation, or other form of enterprise which Controls, is Controlled by, or is under common Control with Purchaser, and "Control" means the ability, directly or indirectly through one or more intermediaries, to direct or cause the direction of the management and policies of such entity through (A) the legal or beneficial ownership of voting securities or membership interests; (B) the right to appoint managers, directors or corporate management; (C) contract; (D) operating agreement; (E) voting trust; or (F) otherwise.