The market response to exploration, resource and reserve announcements by mining companies: Australian data

• Published in: Australian journal of management Vol. 38; no. 2; pp. 311 - 331
• Main Authors: Bird, Ron, Grosse, Matthew, Yeung, Danny
• Format: Journal Article
• Language: English
• Published: London, England SAGE Publications 01.08.2013; Sage Publications Ltd
• Subjects: Abnormal returns; Australian Securities Exchange; Event study; Financial statements; Insider trading; Market reaction; Mining; Mining industry; Resource exploration; Securities; Studies; Australia; mining firms; market reaction; event study; resource industry

This is the first paper to study the market response to “Joint Ore Reserve Committee” –compliant announcements made by Australian mining firms. Results from an event study based on matched firms suggest that these announcements are highly value relevant, with the market reacting in a significantly p...