DMCL currently provides services to a significant number of clients in mining and exploration, primarily in the areas of assurance and taxation. The majority of our clients in this sector are public companies and subject to rigorous financial reporting requirements.
The mining and exploration sector has many unique considerations when raising funds and preparing financial reports. This sector is also particularly capital intensive and may operate in a variety of jurisdictions. As a result, there are many accounting issues associated with exploration and evaluation expenditures, property, plant and equipment, currency and/or foreign exchange, and decommissioning issues. Accounting complexities may be associated with share-based payments, financial instruments, consolidations, income taxes and, under IFRS, disclosure requirements.
Our team at DMCL are adept at not only understanding the key accounting and reporting issues inherent in this industry, but also in providing cost-effective assurance services to mining and exploration companies filing on various stock exchanges and complying with the regulatory oversight bodies.