Mining Claim Royalties

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.

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Arrastra Basin Silverton CO patented mining claim

 

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Rick Lorenz, Broker, CRS, ABR, CLHMS, CNE
Team Lorenz with The Wells Group Located at
901 Main Ave, Durango, CO 81301
Phone: 970-375-7007
http://BuyDurango.com 800-955-0259 ext.1123
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