Tag: IFRS6
-
Complete Guide to Disclosure Requirements for Exploration and Evaluation Expenditures
The mining industry represents a cornerstone of the Canadian economy, with the Toronto Stock Exchange (TSX) and TSX Venture Exchange being home to over 1,100 mining and mineral exploration companies! For these public companies, proper disclosure of exploration and evaluation (E&E) expenditures isn’t just a regulatory requirement—it’s fundamental to maintaining investor confidence and market integrity.…
Written by
-
Accounting for Joint Ventures in Mineral Exploration Projects
In the ever-evolving world of mineral exploration, joint ventures have become a prevalent business structure, with recent industry data suggesting that over 60% of major projects worldwide are now organized in this manner. This significant statistic underscores the critical importance of adept accounting practices in managing these joint ventures. The financial intricacies involved require a…
Written by
-
Valuation of Mineral Rights and Reserves under IFRS
In the field of financial reporting for mineral exploration and mining operations, accurate valuation of mineral rights and reserves is paramount. For Canadian public companies, navigating these complexities is essential to ensure compliance with International Financial Reporting Standards (IFRS) and to present a transparent financial position to stakeholders.
Written by
