What is by-product Credits?

By-product credits include revenues earned from all metals other than the primary metal produced at each unit. Cash Cost, After By-product Credits, per Ounce is a measure developed by precious metals companies (including the Silver Institute) in an effort to provide a uniform standard for comparison purposes.

What is co product mining?

Co-Product: Valuable material generated during a production run together with other valuable materials.

How do you calculate AISC?

Formula of the All-in sustaining costs or AISC: All-In Sustaining Costs = Cash Costs (including by-product credits) + Sustaining Capital + Exploration expenses + G & A expenses.

Why is mining important?

Mined materials are needed to construct roads and hospitals, to build automobiles and houses, to make computers and satellites, to generate electricity, and to provide the many other goods and services that consumers enjoy. In addition, mining is economically important to producing regions and countries.

Is credit a product?

Credit Products means any and all commitments or obligations under which the Bank agrees to make payments on behalf of or for the account of the Borrower, including letters of credit, guarantees or other arrangements intended to facilitate transactions between the Borrower and third parties, or under which the Bank …

What is the difference between co-product and by-product?

A co-product is produced along with with the main product and carries equal importance as the main product. Whereas a by-product is not a planned product and is produced after carrying out the process eg. ethanol is a byproduct of a sugar industry.

What is an example of a by-product?

byproduct Add to list Share. When the process of making one thing results in a second product as well, that second thing is called a byproduct. Molasses, for example, is a byproduct of refining sugar. Sawdust is a byproduct of the lumber industry, and feathers are a byproduct of poultry processing.

What does AISC stand for?

All-in Sustaining Cost
This resulted in the publication, June 2013, of the new framework All-in Sustaining Cost (AISC) and All-in Cost (AIC), which has been widely embraced by the sector since January 1, 2014 (WGC, 2013).

How do you calculate total cash cost?

Subtract your direct production and overhead costs. Enter these figures into your budget by month, quarter or year, using the exact dates you will receive your cash and the exact dates you will pay your bills. Your formula would look like: Total Sales Revenue – Total Operating Expenses = Total Operating Cash Flow.

Is mining good or bad?

Mining continues to be a dangerous activity, whether large-scale industrial mining or small-scale artisanal mining. Not only are there accidents, but exposure to dust and toxins, along with stress from the working environment or managerial pressures, give rise to a range of diseases that affect miners.

How is mining beneficial to humans?

As a developed society we are fortunate to enjoy the many benefits that lignite, uranium and industrial minerals help provide. These benefits include low-cost, reliable electricity and the materials necessary to build our homes, schools, hospitals, roads, highways, bridges and airports.

What is credit with example?

Credit is the trust that lets people give things (like goods, services or money) to other people in the hope they will repay later on. Example: Dale has a watch worth $50, and Jade wants it. But Jade can’t pay straight away, so Dale lets Jade have the watch on $50 credit. Now Jade has the watch, and a $50 debt to Dale.

Which is the best definition of credit products?

Credit Products means the Financial Instruments and Transactions set out in section 5, below.

What does it mean to buy something with credit?

In its first and most common-used definition, credit refers to an agreement to purchase a product or service with the express promise to pay for it later. This is known as buying on credit. The most common form of buying on credit today is via the use of credit cards.

What is the definition of credit in accounting?

Finally, in accounting, credit is an entry that records a decrease in assets or an increase in liability as well as a decrease in expenses or an increase in revenue.

What does it mean to have a credit program?

Credit Products or “Credit Product Programs” means all credit programs provided by Bank to Customers, Employees, and other Persons, the financial terms of which are set forth on an exhibit to this Agreement.

Credit Products means the Financial Instruments and Transactions set out in section 5, below.

In its first and most common-used definition, credit refers to an agreement to purchase a product or service with the express promise to pay for it later. This is known as buying on credit. The most common form of buying on credit today is via the use of credit cards.

What is a credit card product and when does it make sense?

In the credit card industry, each type of credit card is referred to as a product. For example, though the Chase Freedom and Chase Freedom Unlimited have similar names, these are considered to be two entirely different products.

Credit Products or “Credit Product Programs” means all credit programs provided by Bank to Customers, Employees, and other Persons, the financial terms of which are set forth on an exhibit to this Agreement.