View Spring 2021 issue

Spring 2021

The new S-K 1300 reporting standard significantly impacting financial filings. Publicly traded mining companies must learn how to navigate the new reporting standard.

Navigating new S-K 1300 reporting standard

March 15, 2021

A new U.S. Securities and Exchange Commission (SEC) standard drastically changes how publicly traded mining companies submit their financial filings.

The SEC’s mineral resource and reserve reporting standards, commonly referred to as S-K 1300, went into effect January 1. Any U.S. security registrant who has a mining operation which is material to their business or financial condition must adhere to these new reporting standards. They differ significantly from the previous Guide 7 reporting standards and align closer to the Committee for Mineral Reserves International Reporting Standards.

Qualified Person for S-K 1300

Barr’s experience assisting U.S. mining clients spans 50 years and has included preparing technical reports to other national standards such as the NI-43-101 and JORC. We’re positioned to serve as a Qualified Person for the new S-K 1300 reporting standards and can help your company navigate the new reporting regulations in a practical manner.

For help complying with the new SEC standards that are required as part of your company’s 2021 10-K annual filing, contact us.

About the author

Dan Palo has 25 years of experience with process design, plant improvement, project management, and research and development for processes that involve minerals, chemicals, fuels, and manufactured products. He has worked with applications ranging from scoping and prefeasibility studies to de-bottlenecking of existing plants involving iron, manganese, soda ash, potash, carbon, and glass processing facilities.