What it’s worth : A review of mineral royalty information

The is the 13th year for this column and the 12th in which the royalty data have been tabulated. There still exist some holes in the list of royalties that readers hopefully will fill. The most common mineral commodity is construction aggregates - either sand and gravel or crushed stone. In spite of their pervasive use nationwide, there are states from which the author has no information about royalties for either of these commodities. The reader can help - share information about these missing states and next year there will be fewer states without information. Severn Brown again sends helpful information from the Prospectors and Developers Association of Canada (PDAC). The PDAC Digest contained an article that distinguished between ‘net smelter return royalty' and ‘net profits royalty’ (Haase). The article also lists clauses and details that Brown suggests should be included in a net profits royalty contract.