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New SEC rules demand improved mining company disclosures

Joe Mont | November 5, 2018

The Securities and Exchange Commission has adopted amendments to modernize the property disclosure requirements for mining companies.

The amendments are intended to “provide investors with a more comprehensive understanding of a registrant’s mining properties.” The new requirements, according to the SEC, will more closely align disclosure requirements and policies “with current industry and global regulatory practices and standards.” 

Under the final rules, a registrant with material mining operations must disclose specified information in its filings concerning its mineral resources, exploration results, and mineral reserves. Current Commission rules and guidance permit the disclosure of non-reserve estimates only in limited circumstances.  

Requiring the disclosure of mineral resources in addition to mineral reserves “will provide investors with important information concerning the registrant’s...

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