Sydney

Who should attend the course?

  • Investment Officers and Investment Committee Members
  • Private equity, Venture Capital and Hedge Fund Investment Managers
  • Bankers, Investment Bankers and Security Analysts
  • Private Bankers and Wealth Managers
  • Structured finance professionals
  • Lawyers wishing to understand modern finance
  • Risk Managers

Course details

Forecast Modeling for Mining

This modeling, forecasting and valuation course covering the mining industry begins with an overview of the industry, its key drivers and terminology.  The importance of technical reports and feasibility studies is discussed, before a financial model, based on a real technical report is constructed.  As the model is constructed the critical sections of a technical report are reviewed.  Once the financial model is constructed a full valuation is undertaken using both DCF and comparables analysis.

 

Learning outcomes

  • The lifecycle of a mine
  • Understanding a technical report or feasibility study
  • Understanding reserves and resources
  • Mining terminology
  • Building a forecast model for mining
  • Mining as a candidate for a DCF analysis
  • Key model linkages and overview
  • Forecasting in real terms
  • Metal pricing
  • Mining schedule
  • Recovery
  • Production
  • Payable metal
  • Revenues and royalties
  • Operating costs
  • Depreciation schedule
  • Tax schedule
  • Working capital
  • Valuation
  • DCF analysis
  • Free cash flow in real terms
  • Discount rates used in mining
  • IRR
  • Breakeven analysis
  • Comparables analysis
  • P / NAV
  • P / Cash flow
  • EV / Resource
  • Total acquisition cost
  • Sensitivity analysis
"Attending AMT's financial modeling courses has helped strengthen my financial skills and enhanced my technical ability. Some of the new Excel skills I learnt will certainly help in my new senior role." ~ associate, global investment bank

Related courses

Prerequisite

We recommend delegates have a solid understanding of financial statement analysis (balance sheet, income statement and cash flow) and financial modeling skills.