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Refining-Based Financing Model
Mining Company
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Provides an upfront payment to the mining company in return for a LOM discounted refining contract
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Refines the concentrate / doré at either its affiliate refineries or through its LBMA global refinery relationships
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Receives an ongoing market price discount on payable gold (with negligible effect on operator’s realized gold price as the discount is within normal market fluctuation)
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Pays market price for mine production and offers full hedging and logistics solutions, as negotiated
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Ships its concentrates / doré to Goldlogic for refining pursuant to the LOM refining contract
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Financing is Non-Dilutive, Non-Stream, Non-Royalty; it behaves as Derivative / Contingent Liability
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Goldlogic's Refining-based discount is not booked as an encumbrance. It's generally viewed as the realized revenue from production and as a cost of sales
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Service and low Cost of capital to the Issuer
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