Mining Valuation

Transactions for mining assets and mining projects are always one of the most popular deals conducted in the public market. According to the requirements under HKFRS/IFRS 6 Exploration for and Evaluation of Mineral Resources and US GAAP ASC 930, companies are required to measure the fair value of the exploration and evaluation assets if revaluation model is applied. In addition, an entity is also required to perform impairment test on those assets when there is impairment indication.

Numerous technical concerns are usually involved during the valuation process, and thus, valuation with qualified standards for these assets would be crucial. AVISTA has a dedicated team of professionals, who have undertaken projects involving numerous types of mining resources, to provide the corresponding business valuation services for financial reporting purpose.