Canada’s mining industry is a global leader in productivity, innovation and economic impact ⁠–⁠ 75 per cent of the world’s mining and exploration companies call Canada their home.

These companies face ongoing challenges that range from adapting to evolving accounting standards and developments, dealing with Canadian mineral tax requirements and addressing corporate governance to understanding and capitalizing on market consolidation, as well as building sector‑specific strategies to remain competitive.

Our audit, tax and transaction professionals have developed their expertise over years of advising both public and private mining companies, helping them both meet current challenges and capitalize on upcoming opportunities.

Unearthing the possibilities

The mining sector has its own set of opportunities and financial challenges, including, contending with a changing political and regulatory environment, an increased level of merger and acquisition activity, resource depletion, and even geographic obstacles related to dispersed operations or the movement to remote locations in search of new assets.

Our mining sector professionals have the experience to address issues such as these. We support junior exploration companies and large multinationals alike. We learn our client’s business and are able to offer unique solutions from a wide range of audit, tax and advisory services to both public and private companies, including:

• Advising on the appropriate accounting treatment at all phases of operation, exploration, production and closure
• Addressing new and/or changing accounting standards and developments either for the effective transition to International Financial Reporting Standards (IFRS) or the United States Generally Accepted Accounting Practice (U.S. GAAP)
• Responding and reporting to the Ontario Securities Commission
• Effectively dealing with the Canadian mineral tax regime, including unearthing opportunities to devise and implement tax minimization strategies and managing overall tax exposure
• Providing transaction and valuation advice including accessing capital markets to leverage and benefit from merger and acquisition activity or to simply deal with capital‑intensive strains characteristic of the industry
• Delivering appropriate and actionable risk mitigation strategies focused on both sector and company considerations, including, the implementation of controls, improving operational efficiency, enhancing management reporting, providing hedge accounting and addressing any other business and stakeholder issues

Connect with your Baker Tilly advisor today.