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New SEC reporting standard in effect for mining companies

A new U.S. Securities and Exchange Commission (SEC) standard changes how publicly traded mining companies must submit their financial filings. The SEC’s mineral resource and reserve reporting standards, commonly called S-K 1300, went into effect January 1, 2021. Any U.S. security registrant who has a mining operation that is material to its business or financial condition must adhere to these new reporting standards. Differing significantly from the previous Guide 7 reporting standards, new standards align more closely to the Committee for Mineral Reserves International Reporting Standards.

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 annual 10-K filing, contact Brian Anderson (952-842-3597, banderson@barr.com) or Brad Dunn (801-333-8402, bdunn@barr.com).

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