This agreement is beneficial for both parties. With the addition of a flotation system, the Goldwedge milling plant will be able to process carbon/sulphide erte and increase its availability for toll strawberries. Lode-Star benefits from a long-term treatment contract for its erte on a site managed by an experienced processing team. The mill is located in the immediate vicinity of the company`s mine, which minimizes transportation costs, and will have a milling circuit optimized for sharp metal recoveries. Lode-Star will prefer the means necessary to complete a flotation circuit at the mill, currently configured with a gravity circuit. Lode-Star ore requires both gravity concentration and flotation; The costs of renovating the mills are recovered by reduced toll rates. In any situation where intellectual property or trade secrets are at risk of being looted, an agreement on the creation of tolls is a good idea. It clearly overhauls the expectations and responsibilities of the parties, reducing the potential for future litigation. An effective toll manufacturing agreement should provide detailed details, so that there is no confusion as to the company`s expectations for manufactured items and producer obligations. Vancouver, B.C. / TheNewswire / 1.
September 2016 – CMC Metals Ltd . (the „Company“) is pleased to announce that the company and Pruett-Ballarat Inc. („PBI“), the mining operator and the company`s joint venture partner on Radcliff Mine Property, have jointly signed a toll-costing agreement with Klondex Mines Operation Inc. (Klondex) on behalf of their joint venture („JV“). The renewable agreement for the purchase and sale of gold ore allows Klondex, up to 6,000 short tons („tonnes“) of oxidized gold storage rocks delivered until December 1, 2016 in 1,500-tonne batches at their Midas mine processing plant in Elko County, Nevada: the agreement allows for the processing of a first „test“ of cliff rad mineralized rocks (approximately 500 tonnes). Under the agreement, EC is responsible for transporting qualified mineral materials to a designated Erzpad Midas. Qualifying materials must meet certain minimum levels (> 0.3 ounces/tonne) and certain maximum concentrations of undesirable elements (up to 50 ppm mercury, 1% arsenic and 0.25% copper). The joint venture is paid according to a formula that compensates for moisture and recovery and is subject to a processing fee per tonne.