On January 24, 2013, the British Columbia Securities Commission
("BCSC") released its 2012 Mining Report
(the "Report"). The Report summarizes
the BCSC's findings from the mining disclosure compliance
reviews it conducted during 2012, and includes commentary on
commonly identified deficiencies and BCSC areas of focus. This is
the first time that the BCSC has produced such a report. Its
purpose is to promote high quality mining disclosure by creating
greater awareness of the BCSC's current views on compliance
with, and interpretation of, National Instrument 43-101 and related
securities reporting requirements (the "Mining
Disclosure Rules").
Mining Disclosure Reviews
The Report is a compendium of mining disclosure issues and
deficiencies that the BCSC has identified during its reviews of
compliance by public mining companies with the Mining Disclosure
Rules. These compliance reviews fall into four categories:
