Tag: E&E
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Impairment Testing for Exploration and Evaluation Assets
According to PwC’s Mine 2023 report, the world’s top 40 mining companies recorded impairment charges of $16.1 billion in 2022, highlighting the critical importance of proper impairment testing for mining assets. In this comprehensive guide, we’ll dive into the intricate world of exploration and evaluation (E&E) asset impairment testing, ensuring your company stays compliant while…
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Capitalizing vs. Expensing Exploration Costs: Best Practices
Navigating the complexities of financial reporting for mineral exploration companies under IFRS is essential for maintaining transparency and fiscal health. The choice between capitalizing and expensing exploration costs can significantly influence a company’s financial outcomes and strategic direction. This article explores the best practices tailored to Canadian public companies, providing insights into making informed decisions.
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