In this chapter, gross yield means total receipts from the sale of precious metals severed in this state. Gross yield includes the amount received in money, credits, property, or other consideration from the sale of precious metals severed in this state without any deduction for the cost of severing precious metals, the cost of labor or services, deduction for losses, or any other expenses. Gross production means the total number of ounces of precious metals severed in this state.
S.D. Codified Laws § 10-39-44
Gross yield and gross production defined
Applied in 1 court decision — leading case Homestake Mining Co. v. Johnson (1985)
Most recently applied in Homestake Mining Co. v. Johnson (September 1985)
Source: SL 1981, ch 95, § 3; SL 1994, ch 89, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.