Standards, Best Practices & Guidance

2019 MRMR Best Practice Guidelines

On November 29, 2019, the CIM Council adopted the Mineral Resources and Mineral Reserves Best Practice Guidelines. The 2019 MRMR Best Practice Guidelines document supersedes the initial version adopted by CIM Council in November 2003.

As a result of a robust peer review and industry consultation period, the 2019 MRMR Best Practice Guidelines document is a reflection of the current views and technical opinions of the practitioners who prepare Mineral Resource and Mineral Reserve (MRMR) estimates. Copies of the 2019 MRMR Best Practice Guidelines can be obtained online at mrmr.cim.org.

2019 CIMVAL Code

The 2019 CIMVAL Code for the Valuation of Mineral Properties was adopted by the CIM Council on November 29, 2019. The 2019 CIMVAL Code is an update and evolution of the 2003 CIMVAL Standards and Guidelines, and reflects domestic and international valuation best practice, and recognizes regulatory developments.

The 2019 CIMVAL Code is designed to be consistent with international mineral valuation standards and includes an expanded definitions section. It also provides for a Short Form Valuation Report in addition to the Comprehensive Valuation Report stipulated in CIMVAL 2003. The 2019 CIMVAL Code is available online at mrmr.cim.org.