New Mexico Administrative Code
Title 3 - TAXATION
Chapter 19 - SEVERANCE TAX
Part 4 - VALUE OF MINERALS
Section 3.19.4.9 - VALUE OF COPPER, LEAD, ZINC, GOLD AND SILVER
Universal Citation: 3 NM Admin Code 3.19.4.9
Current through Register Vol. 35, No. 18, September 24, 2024
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.
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