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companies in the mining sector. The debate about specific guidance for exploration, evaluation, development and production of mineral resources continues. This publication does not describe all IFRSs applicable to mining entities but focuses on those areas that are of most interest to companies in the sector. The ever-changing
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Mining and metals entities will need to carefully analyse their contracts to determine: whether they are in the scope of IFRS 15; when control passes to a customer (e.g., for sales of gold bullion or the impact of shipping terms); and how they will account for fixed-price and provisionally-priced commodity sales get price
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