Definitions for "Net Smelter Return"
A royalty payment made by a producer of metals based on gross metal production from the property, less deduction of certain limited costs including smelting, refining, transportation and insurance costs.
a royalty based on a percentage of gold produced with settlement made either in kind or in currency based on the spot gold sale proceeds received less the cost of refining at an off-site refinery.
a share of the net revenue generated from the sale of metal produced by the mine