Tag: Impairment
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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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Implementing IAS 36: Impairment of Assets
In the ever-evolving landscape of the mining industry, financial reporting plays a crucial role in maintaining transparency and complying with regulatory standards. For Canadian public companies, the correct implementation of IAS 36 – Impairment of Assets, the standard governing the impairment of assets, can significantly impact their financial statements and investor confidence. This article delves…
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