Globex Zinc Royalty Revenue

The amounts listed below are the monthly royalty payments received by Globex Mining Enterprises Inc. from Nyrstar NV as per Globex’s zinc production royalty on the Mid Tennessee Mines.  The royalty will vary from month to month based upon among other things the zinc price, the number of tonnes mined and processed, the grade of the material processed, the zinc recovery, disruptions caused by equipment breakdowns, maintenance, labor disruptions, power outages, to name a few potential factors. 

 

The Globex Royalty is also based upon the monthly average zinc price as follows:  zinc price less than US$0.90/lb (no royalty), zinc price between US$0.90/lb and US$1.10/lb - 1% Gross Metal Royalty, zinc price above US$1.10/lb - 1.4% Gross Metal Royalty. 

 

The monthly payment is adjusted to the changing average monthly zinc price and when exchanged into Canadian currency, the CDN/US exchange rate.

 

The mine and mill entered production in May of 2017.

 

Pay Period Payment (US$) Payment (CDN$) May & June 2017 $150,272 $198,808 July 2017 $96,081 $121,917 August 2017 $91,444 $115,265 September 2017 $93,954 $115,403 October 2017 $101,130 $127,474 November 2017 $124,673 $159,195 December 2017 $133,199 $170,109 January 2018 $168,653 $209,130 February 2018 $133,671 $168,239 March 2018 $135,944 $175,803 April 2018 $165,395 $210,597 May 2018 $138,724 $183,855 June 2018 $120,033 $157,100 July 2018 $100,944 $130,268 August 2018 $100,782 $130,972 September 2018 $74,817 $98,070 October 2018 $80,077 $106,535 November 2018 $66,796 $88,866 December 2018 $70,171 $92,500 January 2019 $57,804 $77,500 February 2019 $77,643 $104,102 March 2019 $77,628 $103,587 April 2019 $97,085 $130,889 May 2019 $105,894 $142,171 June 2019 $86,538 $113,585 July 2019 $69,267 $91,550 August 2019 $66,756 $88,758 September 2019 $19,389 $25,730 October 2019 $55,168 $72,555 November 2019 $97,165 $129,103 December 2019 $70,878 $92,986 January 2020 $22,039 $29,149 February 2020 $52,324 $69,311 March 2020 $37,684 $54,627