Course description
This is an entry level course on the valuation and reporting of mineral assets (exploration through to active mining assets).
The international standards and guidelines on resources and reserves reporting are presented, especially the ones concerning the public reports of mineral assets valuation.
The course also presents the methods accepted for the valuation of the several types of mineral properties (exploration, pre-feasibility and feasibility studies and operating mines).
The course is based on a heavy use of practical cases – analyzed and discussed by the students as a means to explore ways to solve real problems, question the methods’ underpinnings and consolidate the grasp of their theoretical and methodological basis.
Participants are encouraged to bring their own data and problems to discuss during the course.
Course content
The course is presented in two segments in one day.
Morning
- An overview of the exploration and mining activity, markets and international reporting standards and guidelines.
- Types of mineral assets.
- Interpretation of companies' financial reports.
Afternoon
- Types of valuation methods.
- An introduction to the discounted cash flow model.
- Risk in mineral projects. Discount rate assessment.
- Other valuation methods for exploration and developed or active mining assets.
- Case anlysis and discussion.
- Conclusions.
Type of training
The course is combining classroom lectures, computer-based work, group work as well as self study.
Objectives and outcome
Participants in the course will learn to:
- Use international valuation reporting standards.
- Select the appropriate method for the valuation of mineral assets.
Language
English
