Northwest Territories Mining Regulations — 69
Royalties on value of output of mine 69 (1) Each fiscal year, the owner or operator of a mine must pay to the Crown royalties on the value of the mine’s output during that fiscal year in an amount equal to the lesser of (a) 13% of the value of the output of the mine, and (b) the sum of the royalties payable set out in Column 2 of the table to this paragraph for the dollar value of the output set out in Column 1. TABLE Column 1 Column 2 Item Dollar value of the output of the mine Royalty payable on that portion of the value (%) 1 10,000 or less 0 2 greater than 10,000 but not greater than 5 million 5% 3 greater than 5 million but not greater than 10 million 6% 4 greater than 10 million but not greater than 15 million 7% 5 greater than 15 million but not greater than 20 million 8% 6 greater than 20 million but not greater than 25 million 9% 7 greater than 25 million but not greater than 30 million 10% 8 greater than 30 million but not greater than 35 million 11% 9 greater than 35 million but not greater than 40 million 12% 10 greater than 40 million but not greater than 45 million 13% 11 greater than 45 million 14% Royalties payable to Receiver General (2) The royalties payable to the Receiver General of Canada under subsection (1) in respect of a mine accrue during a fiscal year as the output of a mine is produced and must be remitted to the Chief not later than the last day of the fourth month after the end of that fiscal year. Joint and several liability (3) Subject to paragraph 74 (1)(b), any person who was an owner or operator of a mine during the fiscal year in respect of which the royalties were payable is jointly and severally liable for the entire amount of the royalties payable in respect of the period during which that person was an owner or operator. Calculation of value of output (4) For the purposes of this section, the value of the output of a mine for a fiscal year must be calculated in accordance with the formula A + B – C + D + E + F + G + H – I + J where A is the total of (a) the proceeds from sales, during the fiscal year, of minerals or processed minerals produced from the mine to persons not related to the operator, if proof of those sales is provided, (b) the market value of any minerals or processed minerals produced from the mine that were sold or transferred to a person related to the operator, or to any other person if the proof of that disposition is not provided, and (c) if the minerals or processed minerals produced from the mine are precious stones that have been cut or polished before their sale or transfer, the market value of those precious stones before they were cut or polished; B is the market value of any inventories of minerals and processed minerals produced from the mine, as at the end of the fiscal year, determined under subsection (9); C is the market value of any inventories of minerals and processed minerals produced from the mine, as at the beginning of the fiscal year, determined under subsection (9); D is the lesser of (a) the amount of any payment received during the fiscal year that is related to a cost that has been claimed as a deduction or allowance under this section, and (b) that cost; E is any excess amount referred to in paragraph 70 (5)(b); F is any amount withdrawn, during the fiscal year, from a mining reclamation trust established in respect of lands to which these Regulations apply, up to the maximum of the total of the amounts contributed to the trust; G is the amount of any proceeds received, during the fiscal year, from insurance on minerals or processed minerals produced from the mine; H is the amount of any grants in respect of the mine that were made to the operator, or of any loans to the operator in respect of the mine that were forgiven, by the federal government during the fiscal year; I is the total of the deductions and allowances claimed under subsection 70 (1); and J is the total of (a) the amount by which the sum of the amounts referred to in paragraphs