Title 30 — Mineral Lands and MiningRelease 119-73
§292 Royalties and rentals; disposition
Title 30 › Chapter CHAPTER 4— - LEASE OF GOLD, SILVER, OR QUICKSILVER DEPOSITS WHEN TITLE CONFIRMED BY COURT OF PRIVATE LAND CLAIMS › § 292
Summary
A leaseholder who mines gold, silver, or quicksilver must pay the U.S. a royalty between 5% and 12½% of the net value, paid at the end of the month after extraction. All payments go into the U.S. Treasury and are handled the same as funds under section 191.
Full Legal Text
Title 30, §292
Mineral Lands and Mining — Source: USLM XML via OLRC
For the privilege of mining or extracting the gold, silver, or quicksilver deposits in the land covered by such lease, the lessee shall pay to the United States a royalty, which shall not be less than 5 per centum nor more than 12½ per centum of the net value of the output of the gold, silver, or quicksilver at the mine, due and payable at the end of each month succeeding that of the extraction of the minerals from the mine. All moneys received from royalties and rentals under the provisions of this chapter shall be deposited in the Treasury of the United States, and disposed of in the same manner as rentals and royalties under the provisions of section 191 of this title.
Reference
Citations & Metadata
Citation
30 U.S.C. § 292
Title 30 — Mineral Lands and Mining
Last Updated
Apr 6, 2026
Release point: 119-73