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Mining & Exploration
Smythe’s professionals bring a high degree of practical, technical and commercial expertise to our clients. We have extensive experience with accounting, audit, taxation, transaction advisory needs and required filings for mining and exploration companies.
Overview
The multi-billion dollar mining and exploration industry is vital to the British Columbian and Canadian economies. Companies in this space face numerous challenges, specifically in relation to commodity pricing and investment. Our team of experts is intimately familiar with this landscape and how to help navigate it.
Our Expertise
As a firm with deep ties to British Columbia, our professional staff has, since 1980, worked closely with some of the biggest names in the industry.
Our association with Allinial Global, one of the largest global accounting networks, provides us with valued expertise, resources and international connections in the mining and exploration industry. We work closely with our international affiliates to complete our audit engagements for clients with global mining operations.
What We Offer
For delicately poised mining companies, timely, accurate and in-depth audits are crucial to performance, as is specially crafting overall financial strategies. Our services build on this and encompass all stages of your company’s development, from exploration to development and production, including the transition in between.
We provide our advisory and tax services to public companies in North America that are listed on Canadian stock exchanges and registered with the US Securities and Exchange Commission (SEC). We are registered with both the Canadian Public Accountability Board (CPAB) and the Public Company Accounting Oversight Board (PCAOB) in the US, qualifying us to perform audits and other such services in both countries.
Statutory and non-statutory audits
Assistance and support with filing prospectuses for IPOs
Assistance with filing statements and information circulars
Business risk analyses and financial due diligence
Audits of internal controls over financial reporting
Consulting on International Financial Reporting Standards (IFRS) specific to mining
Corporate tax advice, including how to structure groups to minimize tax liability and flow-through shares
Assistance with flow-through share investment for individual investors
Access to experience with exploration and development stage companies in multiple jurisdictions
International Financial Reporting Standards
IFRS for Mining and Exploration
The Canadian Institute of Chartered Accountants (CICA), Chartered Professional Accountants Canada (CPA Canada) and the Prospectors and Developers Association of Canada (PDAC) created the Mining Industry Task Force on IFRS to create non-authoritative guidance on IFRS compliance and share views on the subjects that are relevant to junior mining companies.
Visit our Resources Centre to find the topics that have been addressed by the task force.
