Mining Claim Royalties
Retained royalties. Many of the mining properties that I sell either already have a retained royalty on them or one will be added by the seller. A royalty right does not give the owner of that royalty a right to mine or execute a lease to a mining company to mine. However if you (the new owner) mine or if you hire someone to mine, THEN a certain percentage (usually between 3 and 6%) of the revenue is paid to the royalty owner. The royalty owner CANNOT make you mine, so it is an interest that only kicks-in if mining is going on.