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royalties 51

mgauthi4 a écrit : ↑mer. 11 févr. 2026 10:17royalties 51

Salut Michel

Pourquoi il y a 2 tableaux avec des royalties différents à 63 et 51?

Donc royalties versés en 2025: Q1: 27M$ Q2: 46M$ Q3: 46M$ Q4: 51M$ Total 2025: 170M$ ! Tant que ça!

euh Royalties comprends surement les royalties envers le gouvernement zambien
"Government Royalties: These are the primary component of the "Royalties" line item. They are calculated based on the Zambian sliding scale (ranging from 4% to 10% depending on the copper price).

ZCCM-IH Royalties: In April 2023, ZCCM-IH converted its 20% dividend rights in Kansanshi Mining PLC (KMP) into a 3.1% gross revenue royalty. While these are royalties, FQM typically classifies the payments to ZCCM-IH as a financial liability or an operating expense related to the Kansanshi mine specifically, rather than grouping them entirely with the state's sovereign tax royalties."

Laf1986 a écrit : ↑mer. 11 févr. 2026 11:58 euh Royalties comprends surement les royalties envers le gouvernement zambien
"Government Royalties: These are the primary component of the "Royalties" line item. They are calculated based on the Zambian sliding scale (ranging from 4% to 10% depending on the copper price).

ZCCM-IH Royalties: In April 2023, ZCCM-IH converted its 20% dividend rights in Kansanshi Mining PLC (KMP) into a 3.1% gross revenue royalty. While these are royalties, FQM typically classifies the payments to ZCCM-IH as a financial liability or an operating expense related to the Kansanshi mine specifically, rather than grouping them entirely with the state's sovereign tax royalties."

Kansanshi Total Revenue (Estimated): Approximately $1.95 billion (Calculated using an average realized copper price of ~$4.30/lb and gold contributions).

Full Year 2025 ZCCM Royalty: Approximately $60.5 million.

Note: For the first nine months of 2025 (Q1–Q3), FQM's financial notes already recognized roughly $45–$50 million in cumulative royalty expenses/payables to ZCCM-IH. With the Q4 ramp-up of the S3 project, the total for the year settles in the $60M - $63M range.

Nous n'avons, sauf erreur de ma part, pas encore le montant total des ventes de Kansanshi, par contre, nous connaissons approximativement les volumes produits, soit qqs 181 000 t de Cu et 116 000 onces d'or. Prix moyen de vente du Cu, je dirais 4,5$/£ et 4000$/once (??) ce qui nous donnerait 181 000x9600 + 4000x110 000=2170 M$ et les royalties se monteraient alors à 2170x3,1% =67M$ (cela n'est que mon estimation!).
Attendons les chiffres officiels de FQM
Nota: les ventes se fait par des contrats ("hedgés")

Désolé, Laf 1986 vient de publier pendant que je faisais mes calculs...en fait les chiffres sont très proches

Laf1986 a écrit : ↑mer. 11 févr. 2026 11:59

Laf1986 a écrit : ↑mer. 11 févr. 2026 11:58 euh Royalties comprends surement les royalties envers le gouvernement zambien
"Government Royalties: These are the primary component of the "Royalties" line item. They are calculated based on the Zambian sliding scale (ranging from 4% to 10% depending on the copper price).

ZCCM-IH Royalties: In April 2023, ZCCM-IH converted its 20% dividend rights in Kansanshi Mining PLC (KMP) into a 3.1% gross revenue royalty. While these are royalties, FQM typically classifies the payments to ZCCM-IH as a financial liability or an operating expense related to the Kansanshi mine specifically, rather than grouping them entirely with the state's sovereign tax royalties."

Kansanshi Total Revenue (Estimated): Approximately $1.95 billion (Calculated using an average realized copper price of ~$4.30/lb and gold contributions).

Full Year 2025 ZCCM Royalty: Approximately $60.5 million.

Note: For the first nine months of 2025 (Q1–Q3), FQM's financial notes already recognized roughly $45–$50 million in cumulative royalty expenses/payables to ZCCM-IH. With the Q4 ramp-up of the S3 project, the total for the year settles in the $60M - $63M range.

Merci Laf pour ton message.
Où as-tu trouvé cette info?

Pris dans les comptes 2024:

On April 4, 2023 the Company’s subsidiary, KMP and ZCCM Investments Holdings Plc "ZCCM-IH" completed the agreement
to convert ZCCM-IH's dividend rights to a 3.1% royalty interest in KMP. The transaction also provides for 20% of the KMP
VAT refunds as at June 30, 2022 to be paid to ZCCM-IH, as and when these are received by KMP from the Zambia Revenue
Authority ("ZRA)". As at December 31, 2024, a VAT payable to ZCCM-IH of $58 million, net of adjustment for expected
phasing of payments, and an expense of $5 million for the year ended December 31, 2024, has been recognized.



Le 4 avril 2023, la filiale de la société, KMP, et ZCCM Investments Holdings Plc « ZCCM-IH » ont conclu un accord
visant à convertir les droits à dividendes de ZCCM-IH en une redevance de 3,1 % sur KMP. La transaction prévoit également que 20 % des
remboursements de TVA de KMP au 30 juin 2022 soient versés à ZCCM-IH, au fur et à mesure que ceux-ci sont reçus par KMP de la part de l'administration fiscale zambienne
(« ZRA »). Au 31 décembre 2024, une TVA payable à ZCCM-IH de 58 millions de dollars, nette de l'ajustement pour l'échelonnement prévu
des paiements, et une charge de 5 millions de dollars pour l'exercice clos le 31 décembre 2024 ont été comptabilisées.