Thank you, Mr. Speaker. I know the royalties that are derived from the production of minerals is provided for in the Canada Mining Regulations and with gold as with other metals, there is a world market and a fixed price by which these are determined. They are rather straightforward. The metal or gold that is produced is weighed and is recorded for tax purposes and for royalty purposes with the government and then payment and collection are provided for. Exactly how that is done, I think is contained in the Mining Regulations office.
Stephen Kakfwi on Question 592-13(4): Calculation Of Gold Royalties
In the Legislative Assembly on October 6th, 1997. See this statement in context.
Return To Question 592-13(4): Calculation Of Gold Royalties
Question 592-13(4): Calculation Of Gold Royalties
Item 6: Oral Questions
October 5th, 1997
Page 1418
See context to find out what was said next.