Royalties are paid by the owner or the operator of a mine to compensate for natural resources that are extracted. The payment formula can be found in the Mining Regulations. All provinces and territories with significant mining activities impose mining taxes and/or mining royalties on mining operations within their jurisdictions.
The royalty due from mine operators in the NWT is calculated using the Mining Royalty Return. A completed Mining Royalty Return with a reconciliation to a company's financial statements and with all information required by sections 67 to 72 of the Mining Regulations shall be delivered to the Director of Financial Analysis and Royalty Administration division of the Department of Industry, Tourism and Investment, on or before the last day of the fourth month after the end of each fiscal year of the mine.
Submissions may be sent to the contact listed.