SME Valuation Standards & Tutorials - Society for Mining, Metallurgy & Exploration

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target="_blank">SME Studios</a> </li> </ul> </div> </div> </div> </div> </div> </header> <div class="container-fluid p-0 body-content position-relative light-gray"> <div class="content-page-2"> <div class="container"> <section class="intro py-5"> <div class="rounded-corner py-4" style="background-color: #6b4d64"> <h1 class="text-white text-center">SME Valuation Standards & Tutorials</h1> <h2 class="text-white text-center"><em class="text-white">SME Standards and Guidelines for Valuation of Mineral Properties</em></h2> </div> <div class="header-img-wrapper overflow-hidden mt-n1 position-relative z-index-1"> <img class="w-100" src="https://smenet.blob.core.windows.net/smecms/sme/media/smeazurestorage/professional development/amethyst.webp?ext=.webp" alt="" /> </div> <div class="row pt-3"> <div class="col-lg-6 px-md-3 px-lg-5 pt-3"> <h2 class="roboto"></h2> </div> <div class="col-lg-6 pt-3"> <h4 class="roboto"></h4> </div> <div class="border-bottom w-75 mx-auto pt-3"></div> </div> </section> <section class="main pb-4"> <div class="editable-content"> </div> In August 2017, SME published the <a href="https://smenet.blob.core.windows.net/smecms/sme/media/smeazurestorage/professional development/pdf files/sme_valuation_standards_2017.pdf" name="SME Valuation Standards" target="_blank" title="SME Valuation Standards">SME Standards and Guidelines for Valuation of Mineral Properties (Including Petroleum), Second Edition, 2017 (SME Valuation Standards)</a>. The SME Valuation Standards have been adopted by SME. Under the SME Ethics Code, a Registered Member must comply with the SME Valuation Standards, when performing a mineral valuation. It is strongly recommended that other SME members also use and abide by these.<br /> <br /> The publication in January 2016 of the First Edition was the first time SME had published a set of standards for the appraisal of the value of mineral property assets. The SME Valuation Standards have evolved from the SME Valuation Standards Committee’s participation since the outset, in a project begun in 2012 by the International Mineral Valuation Committee (IMVAL), to harmonize standards globally for mineral property valuations, including petroleum properties.<br /> <br /> The content of the standards and guidelines in this 2017 edition has been updated to closely mirror the content of the International Mineral Property Valuation Standards Template, Second Edition (IMVAL Template), published July 2016. Also, quotes from, and references to, the International Valuation Standards (IVS), have been updated from the IVS 2013 edition to the 2017 edition.<br /> <br /> Companies working in the minerals industry sector operate in one of the most internationalized sectors of the global economy. Large and small companies work around the world in the exploration, development and extraction of mineral resources. It is common for such companies to be listed on the stock exchanges of two or more countries, and to arrange multinational financing for their projects. To conduct such complex international business efficiently, uniform global valuation standards and definitions are necessary, that are based on internationally recognized classifications for mineral resources and reserves. This international environment is the reason for SME’s adoption of these comprehensive standards, specifically designed for appraisal of the value of the unique assets of the minerals industry sector, while employing globally accepted valuation principles. It is also the reason for the SME Valuation Standards Committee’s continuing participation in the ongoing IMVAL harmonization project.<br /> <br /> <br /> <strong>Comments should be sent to:</strong><br /> <br /> Chairman, SME Valuation Standards Committee <br /> Society for Mining, Metallurgy & Exploration<br /> 12999 East Adams Aircraft Circle<br /> Englewood, CO 80112 </section> <section class="related-info pb-4"> <h2 class="roboto">Related Information:</h2> <a href="https://smenet.blob.core.windows.net/smecms/sme/media/smeazurestorage/professional development/pdf files/sme_valuation_standards_2017.pdf" name="SME Valuation Standards" target="_blank" title="SME Valuation Standards">Download Valuation Standards</a><br /> <a href="/Professional-Development/SME-Valuation-Standards-Tutorials/SME-Valuation-Tutorials">View SME Valuation Tutorials</a> </section> <div class="border-top mx-auto pb-4"></div> <section class="page-footer pb-5 d-flex align-items-center"> <div class="mt-2 align-items-end d-flex"> <div class="twitter-lnk"><a href="https://twitter.com/intent/tweet?original_referer=https%3a%2f%2fwww.smenet.org%2fprofessional-development%2fsme-valuation-standards-tutorials&ref_src=twsrc%5Etfw&text=SME%20Valuation%20Standards%20%26%20Tutorials%20-%20Society%20for%20Mining%2c%20Metallurgy%20%26%20Exploration&tw_p=tweetbutton&url=https%3a%2f%2fwww.smenet.orghttps%3a%2f%2fwww.smenet.org%2fprofessional-development%2fsme-valuation-standards-tutorials" class="twitter-share"><i class="fa-brands fa-x-twitter fa-2xl"></i></a></div> <div> <script type="IN/Share" data-url="https://www.smenet.org/professional-development/sme-valuation-standards-tutorials"> </script> </div> <div> <a target="_blank" href="https://www.facebook.com/sharer/sharer.php?u=https://www.smenet.org/professional-development/sme-valuation-standards-tutorials&amp;src=sdkpreparse" data-href="https://www.facebook.com/sharer/sharer.php?u=https://www.smenet.org/professional-development/sme-valuation-standards-tutorials&amp;src=sdkpreparse" class="facebook-share fb-xfbml-parse-ignore"><i class="fab fa-facebook-f fa-2x text-steel-blue"></i></a> </div> </div> </section> </div> </div> </div> <footer role="contentinfo"> <div class="container"> <div class="row"> <div class="col-lg-3 col-xl-4 my-2 px-0"> <picture> <source srcset="https://smenet.blob.core.windows.net/smecms/sme/media/sme/logos/sme_full-large-min.webp" type="image/webp"> <source srcset="https://smenet.blob.core.windows.net/smecms/sme/media/sme/logos/sme_full-large-min.png" type="image/png"> <img class="img-fluid max-50" src="https://smenet.blob.core.windows.net/smecms/sme/media/sme/logos/sme_full-large-min.png" alt="Society for Mining, Metallurgy, and Exploration"> </picture> <p class="mt-2 mb-4 alegreya text-logolime">Inspiring Mining Professionals Worldwide</p> <p class="copyright text-white">© 2024 SME All Rights Reserved. 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