Breaking New Ground: SEC Updates Rules To Modernize Property Disclosures Required For Mining Issuers

On November 19, 2018 the Securities and Exchange Commission (the "Commission") announced that it had adopted amendments to modernize the property disclosure requirements for mining registrants in the United States, and related guidance, under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). The final rules apply to both domestic registrants and foreign private issuers.

The purpose of the amendments is to provide investors in U.S. publicly traded entities with material mining operations ("Issuers") with a more fulsome understanding of an Issuer's mining properties, which should help them make more informed investment decisions.  The amendments are also intended to more closely align U.S. disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards and, as a result, hopefully decrease the compliance burdens and costs for many publicly