For claim owners
Owner protections, on one page
What Triple 8 offers to put in writing in an agreement with a claim owner: your data, keeping the claims in good standing, how a royalty is reported and checked, and what happens if we drop the claims. Ask for each one, and make sure it is in what you sign.
Your information and data
- What you send is used to evaluate your claims and talk with you about them, as described in the privacy notice. We never share it with other claim owners or publish it without your agreement. If you prefer, we sign a non-disclosure agreement before you share detailed data.
- Under an option, if the option ends without a purchase, we offer to give you copies of the data from our work on your claims, and we offer to put it in the agreement.
- Original maps and records you lend us stay yours; we return them, or keep copies, as you prefer. Samples sent for assay are partly used up in testing, so we’ll agree beforehand what happens to the rest. Copies we keep are handled under the privacy notice.
Keeping the claims in good standing
- Once Triple 8 holds the claims, it intends to pay the BLM maintenance fees and make the county filings on time, and we offer to show you the receipts on request.
- During a review, you are still the owner of record, so the September 1 fee or waiver stays with you. A review doesn’t pause the deadline. If it falls during our review, tell us and we’ll remind you, but the payment stays your responsibility.
- During an option, we expect to offer to pay the fees that fall due in the option period, and the agreement will say who pays.
- On a purchase or assignment, we expect to pay the county recording and BLM transfer fees. The agreement will say who pays.
If you keep a royalty
- How it is figured. The agreement sets the rate and the basis, such as a percentage of net smelter returns: generally the money received from selling the gold (and any other metals), less the refining, smelting, transport and insurance charges the agreement allows.
- Reporting. Once there is production, each payment comes with a written statement showing what was produced and sold, the deductions and how your royalty was calculated. We’re prepared to offer regular statements, for example quarterly.
- Checking the numbers. We’re prepared to offer a yearly right for you or your accountant to review the records behind your royalty, with the shortfall and the cost of the review paid by us if an underpayment above an agreed threshold is found.
- Recording. We offer to record the royalty with the county so it is meant to follow the claims. Ask your attorney how it is recorded and what happens to it if the claims are ever forfeited.
- An illustration, not an offer: a 2% royalty on $100,000 of net smelter returns pays $2,000, and only if the claims produce. The $100,000 figure is hypothetical and is not an estimate of what any claim will produce. Royalty rates vary with the claims, any upfront payment and the other terms, and many claims never reach production, so a royalty may pay nothing.
If we drop the claims or stop work
- Ask for written notice before any claims you keep an interest in are dropped. We’re prepared to put a notice period in the agreement.
- Whether you can take the claims back, and on what terms, is set out in the agreement. We agree this deal by deal, so ask about it up front.
- If an option ends without a purchase, the claims stay with you, along with the option payments you received.
Before you sign
- There is no fee to send us your claims or talk with John, and we check the public BLM and county records ourselves. If a proposal needs more technical work, whether it costs you anything is agreed in writing before any work starts.
- Every proposal comes in writing. Ask how any payment would be funded, and we’ll answer in writing with the proposal.
- Every owner of record, or someone with legal authority to act for them, signs. No one is left out.
- Have your own attorney and tax adviser review the agreement. You take the time you need.
This page summarizes what Triple 8 puts on the table. The signed agreement governs, and nothing here is an offer to buy any claim or a commitment to any price, term or timing.