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ARTICLE · 24 JULY 2013

OSC Review Of Technical Reports: Miners Receive Failing Grade

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On June 27, 2013 the Ontario Securities Commission published Notice 43-705 Report on Staff’s Review of Technical Reports by Ontario Mining Issuers.

CanadaEnergy and Natural Resources
Paul Fornazzari
Paul Fornazzari
Susana Fonseca
Susana Fonseca
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On June 27, 2013 the Ontario Securities Commission published Notice 43-705 Report on Staff's Review of Technical Reports by Ontario Mining Issuers. The Notice discusses the results from the OSC's review of compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, and, in particular, compliance with the technical report form (Form 43-101F1).

Scope of the Review

OSC staff reviewed 50 technical reports, which represented a sample of issuers in the Ontario public markets who had filed a technical report during the 12-month period ending June 29, 2012. The sample included 27 technical reports by issuers listed on the TSX and 16 listed on the TSX Venture Exchange, with the remaining seven listed on the Canadian National Stock Exchange. The sample represented approximately 10%  of all the technical reports filed by Ontario issuers during the 12-month period ending June 29, 2012.

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