Standards and Guidelines for Valuation of Mineral Properties
On May 5, 1999, CIM Council approved the formation of a Special Committee on Valuation of Mineral Properties (CIMVal).
The mandate of CIMVal is to recommend Standards and Guidelines for Valuation of Mineral Properties to be used by the mining industry in general and to be adopted by Canadian securities regulators and Canadian stock exchanges.
The guiding philosophy and intent of the CIMVal Standards and Guidelines is that Mineral Property Valuations be carried out by appropriately qualified individuals and that all relevant information be fully disclosed.
The CIMVal Standards and Guidelines are organized into 2 parts:
- Standards - general rules that are mandatory
- Guidelines - elaborate on the Standards and provide guidance and best practices which are highly recommended