Viewpoints: Redevelopment of an inactive mine by an existing owner (Mining)

Learn how to account for the costs incurred by an existing owner to redevelop an inactive mine.

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If your organization wants to redevelop an inactive mine that it owns, you may be wondering about the accounting treatment for the associated costs. Viewpoints: Redevelopment of an Inactive Mine by an Existing Owner discusses some of the factors you should consider when determining how to account for such costs.

Prepared by Chartered Professional Accountants of Canada (CPA Canada) and the Prospectors and Developers Association of Canada, this useful resource for junior mining companies features information on:

  • the implications of accounting entries recorded at the time of inactivation
  • how to assess the future economic benefit expected from redevelopment expenditures
  • the considerations for capitalizing expenditures
  • the accounting implications of specific activities, such as:
    • exploration and evaluation
    • mine development
    • refurbishment, replacement and/or relocation of plant and equipment
    • mobilization and training of staff
    • repairs and maintenance


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