Mexus Gold US (MXSG)

[A Dinosaur]

Although the announcement sort of indicated a Gross Smelter Return and I haven't read the actual contract, my assumption is that it is probably phrased as a Net Smelter Return (NSR). That's actually the $$$ Argonaut will receive. That's a common term and arrangement in gold mining. Shouldn't be a lot of difference in the amounts.

Dino

https://en.wikipedia.org/wiki/Net_smelter_return

Net Smelter Return (NSR) is the net revenue that the owner of a mining property receives from the sale of the mine's metal/non metal products less transportation and refining costs.