Proved Reserves
Definition of 'Proved Reserves'A classification used in mining sectors that refers to the amount of resources that can be recovered from the deposit with a reasonable level of certainty. Proved reserves is a common metric quoted by companies such as oil, natural gas, coal and other commodity-based companies.Also known as proven reserves. |
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Investopedia explains 'Proved Reserves'Proved reserves are usually determined through extensive geologic and engineering studies. It can take mining companies several years to complete a study to determine the amount of proven resources. A company that increases its level of proven resources over time generally sees a favorable response in the price of its shares. |
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