N.M. Admin. Code § 3.19.4.9

Current through Register Vol. 35, No. 21, November 5, 2024

Section 3.19.4.9 - VALUE OF COPPER, LEAD, ZINC, GOLD AND SILVER

The sales values for resources for which the gross value is determined by the provisions of Subsections E, F and G of Section 7-26-4 NMSA 1978 will be the following monthly average index prices as published in Metals Week:

A. Copper will be the Comex HG first position price.

B. Lead and zinc will be the London Metal Exchange cash price.

C. Gold will be London Metal Exchange Final.

D. Silver will be the London spot, U.S. equivalent.

N.M. Admin. Code § 3.19.4.9

8/14/84, 7/31/96; 3.19.4.9 NMAC - Rn, 3 NMAC 19.4.9, 1/15/01