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50 - MISC - Miscellaneous Courses


MISC 225 - Mine Investment and Mining Projects Financial Valuation

Code Start Date Duration Venue
MISC 225 19 September 2022 5 Days Istanbul Registration Form Link
MISC 225 14 November 2022 5 Days Istanbul Registration Form Link
MISC 225 12 December 2022 5 Days Istanbul Registration Form Link
Please contact us for fees

 

Course Description

Mining requires extensive capital expenditures, both for exploration and the initial establishment of mining operations. However, once a mine is operational, its operating costs tend to be significantly lower and relatively stable. For this reason, the mining sector is popular among investors as it produces a steady stream of both previous and industrial-use metals and other raw materials. This course discusses the mining investments opportunities evaluation as well as how to evaluate a successful mining project. 

Course Objectives

  • Understand the basics of mining stocks
  • Learn how to make correct investment decisions 
  • Understand the role of mine financial valuation 
  • Learn how to conduct cost estimation for mining projects 
  • Make equipment replacement decisions

Who Should Attend?

  • Mining analysts
  • Fund and asset managers
  • Bankers
  • Engineers responsible for development planning

Course Details/Schedule

Day 1

  • Introduction to mining stocks
  • Valuing Major and Junior Mining Stocks
  • Choosing How to Invest
  • Volatile valuations
  • Cyclical capital expansion
  • Investments important factors 
  • Quick Ratio
  • Operating Profit Margin
  • Return on Equity (ROE)

Day 2

  • The role of mine financial valuation
  • Application in mine planning and optimization
  • Purpose of mine financial valuation
  • Interpreting concept of 'value'
  • Basic business premise

Day 3

  • Technical inputs to evaluation
  • The mineable reserves
  • Production rates
  • The production system
  • Optimizing the balance sheet
  • Project evaluation model
  • Cash and accounting cash flow evaluation model

Day 4

  • Cost estimation
  • Types and behavior of costs
  • Balancing flexibility in terms of costs
  • Revenue Estimation
  • Mineral price cycles and forecasting models
  • Capital investment and ranking decisions
  • Financing of mining projects

Day 5

  • Mining taxation
  • Depreciation amortization and impairment decisions
  • Equipment replacement decisions
  • Evaluating risk in valuation
  • Analysis of financial statements
  • Valuation methods and valuation codes