What was released last week wasn't a benchmarking report, it was step one of 12 different steps that are going to be used in order to evaluate the resources royalties sector within the regulations. That approach is one that is using a representative sample. Rather than saying what does this mine today, at this point in time, at this particular ore body, what does it pay in royalties, what we want to do is ensure that when we develop our royalty regime, we are actually developing a regime that's going to work into the future regardless of the ore, regardless of the location, regardless of the company. We want to ensure that our royalty regime is one that is going to be reflective of any type of resource activity that's happening here. What that report did is: it took a theoretical mine, a diamond mine size and one that's a metal size, took that and then compared that mine across all the different fiscal regimes so that we would know how the different fiscal regimes work, how the different tax regimes work, and know if we are going to be receiving a similar amount of resource revenue, royalty revenue, as it would in another jurisdiction.
Caroline Wawzonek on Question 419-19(2): Disclosure of Mining Royalties
In the Legislative Assembly on October 28th, 2020. See this statement in context.
Question 419-19(2): Disclosure of Mining Royalties
Oral Questions
October 28th, 2020
Page 1455
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