Mine Property Disclosures
Securities and Exchange Commission – Modernization of Property Disclosures for Mining Registrants
On February 25th, 2019 the Securities and Exchange Commission’s amendments to modernize the property disclosure requirements for mining registrants went into effect. The changes rescind Industry Guide 7 and provide new guidance and definitions for property disclosures. The stated purpose of these amendments is to:
“provide investors with a more comprehensive understanding of a registrant’s mining properties, which should help them make more informed investment decisions. The amendments also will more closely align the Commission’s disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards.”
Registrants subject to mine property disclosures will have until January 1, 2021 to comply with the new rules. Additional information including the final rule can be accessed and downloaded via the Federal Register or by following the link below.