who understands the royality obligation? annual royalities are payable on per oz of gold produced during the period of the agreement to the later of dec 2015 and 2016 and 17and five years after the end of commercial production from the rice lake mining complex. What is concidered the rice lake complex?. Does that mean that they have a royality obligation payable on this agrement for all ore produced at the mill from new aquititions by san gold as long as it is processed at the rice lake mining complex? after comercial production what royalities are payable for the next 5 years? The promisory note obligation went up, so it must bear interest, becouse it is now $128,796,949.