The OSC recently
published
a Report setting out OSC Staff's findings
of their compliance review of technical reports filed by mining
issuers. In reviewing the findings outlined in the Report, it is
clear to me that Staff is troubled by the frequency of
non-compliance with
Form 43-101F1. The Report should
consequently be considered fair warning of the types of issues that
Staff may raise when reviewing technical reports. The
following highlights relevant considerations for issuers based on
Staff's observations, followed by a summary of the findings of
the Report.
The Rubber Hits the Road...
Given the tone of the Report, issuers must recognize that
compliance with the requirements of NI 43-101 and Form 43-101F1 are
a priority for OSC Staff. The Report is intended to clarify
existing disclosure requirements relating to technical reports and
not to create or modify any new legal requirements or modify
existing ones. That said, it is clear that Staff is of the
