Energy, Mines, and Resources

Subsection 102(9) – Royalty Return Form

Quartz Mining Act, Section 102 – Annual Royalty
Interpretation Bulletin: Subsection 102(9) – Royalty Return Form
January 26, 2007

Subsection 102(9) specifies that royalty returns are to be submitted annually (Ref: 102(9)), in the form prescribed by Yukon Energy, Mines and Resources. The royalty return consists of three parts: 

1. Identification

  • name and description of the mine;
  • name and address of the person or persons owning or operating the mine; and
  • the name or names of the smelter or mill and the locality to which the ore, minerals, or mineral-bearing substances, or any part of them, were sent.

2. Calculation of the royalty

  • the quantity and grades of ore, minerals, and mineral bearing substances shipped or sent from or treated on the mining premises during the year;
  • the actual market value of the output of the mine during the year (Ref: 102(4)), as:
    # total receipts from sales, and/or actual market value of mine output, less:
    • the cost of making the sales;
    • the cost for transportation to the smelter, refinery, or mill; and
    • smelter, refinery and mill charges;
  • the aggregate amount of eligible expenses, payments, allowances, or deductions for the relevant year (Ref: 102(5));
  • the annual profits subject to royalty; and
  • the royalty owing.

3. Supporting documentation

  • detailed summary of the calculation of each of amounts forming the basis of the royalty;
  • supporting documents to demonstrate the basis of the royalty calculations; and
  • a report reconciling the annual profits and royalty calculations for the year to the audited corporate annual financial statements of the mine owner or operator for the year.