Analysis of Mining Financials

Analysis of Mining Financials

AREAS OF STUDY: Management

Qualifies for CMS


Live Webcast Live Webcasts
  • Audience Level: Professional Tool Tip
  • Dates: Unscheduled Tool Tip
  • Early Bird: Tool Tip
  • Enrollment: Included Tool Tip
  • Registration Fee: Tool Tip
  • Location: Live Webcast Tool Tip
  • Duration: 3 sessions of 3 hours each
  • CEUs: 0.8 (8 PDHs) Tool Tip

Course Summary


This course will enable you to develop an awareness of the relevant financial information you can discover about a mining corporation from its audited financial statements. You will also have an appreciation for how accountants and financial analysts are challenged with exercising professional judgment on qualitative and quantitative financial material and balanced with a need for numerical precision. You will recognize that professional judgments included in financial assessments are similar to those made in demonstrating probable and proven mineral reserves.

"Analysis of Mining Financials" uses the business environment in the mining industry as a relevant context for understanding and analyzing the financial statements of mining corporations. It isolates select accounting and financial aspects as being fundamental to becoming an informed reader of audited financial statements, including balance sheets, income statements, cash flows statements, statements of shareholders' equity, and the audited notes. Financial statements examples from both large and small mining companies are used and analyzed to illustrate these fundamentals.

The course draws on credible sources to highlight relevant characteristics of accounting and financial analysis for mining. The objective of this material is to identify some prominent aspects of financing the corporate mining strategy, delving into the distinct areas where there are issues in accounting for the mining industry, and summarizing the inherent risks in understanding the financial statements of those involved in mining. The course provides some of the tools to establish a profile of a company's overall financial status and identifies the attributes that contribute to financial health and flexibility.

Who Should Attend?

This course is targeted to mining professionals with basic knowledge in finance and/or accounting. It is also recommended for professionals working in the mining industry in the finance, legal, or investment sectors that would like to understand how to extract financial intelligence from mining company financial reports.

Pre-Course e-Learning

Prior to the course, registered delegates have access to the online e-learning material consisting of an introductory course titled Understanding Financial Statements of Mining Companies.

Certificate in Mining Studies

This course qualifies for one day of short course credit for the Certificate in Mining Studies (CMS), a continuing education program of accredited short courses, webcasts and online courses for lifelong learning in mining, supported by University of British Columbia, University of Arizona and University of Concepción. more details »

Continuing Professional Development (CPD)

Registered participants who attend the entire webcast and complete an evaluation at the end of the course will receive a Certificate of Attendance, confirming the Professional Development Hours (PDH)/Continuing Education Units (CEU) earned. Please confirm with your employer and/or professional association that this course qualifies for CPD.

Carlos da Costa

Carlos da Costa offers risk management, finance, and accounting instruction at Simon Fraser University's Beedie School of Business for both graduate and undergraduate students. He is also an instructor at the University of British Columbia where he provides mining risk management, finance, and economics-related instruction. Carlos is a seasoned financial professional with solid experience in financial derivatives, structured finance, market and credit risk management, alternative investments, and computational investment management.

He is actively involved with PRMIA (Professional Risk Managers' International Association) and the Management & Economics Society (MES) of CIM (Canadian Institute of Mining, Metallurgy and Petroleum).

Provisional Schedule

This webcast will be held from 9:00am to 12:00pm PDT/Vancouver, Canada time.

Check the exact time and date in your city.

This webcast is divided into three sessions, one per day. The course will include the following topics:

  • Overview of financial management (including: securities exchanges; capital markets; agency issue, ethics & Sarbanes-Oxley Act; financial institutions & Markets; going public/IPO; stocks/dividends basics)
  • Principles and authorities underlying accounting reports: basic discussion of IFRS vs. US GAAP as it impacts the financial statements of mining corporations listed on multiple stock exchanges
  • Financial statements (F/S) and the notes: basics and practice (review the main concepts of key financial statements and their respective components); includes examination of several F/S of mining companies
  • Performing financial statement analysis (including: statements of comparative and common-size form; ratio analysis; financial distress/forecasting the financial distress of mining companies)
  • Shareholders' equity section of balance sheets (B/S): different kinds of shares, options, convertible securities; treasury shares in jurisdictions that allow such
  • Earnings per share (EPS) and other measures of performance; effect of dilutive securities on EPS
  • Investments in others: passive, significant influence, and control; concepts equity method and consolidated F/S (mergers & acquisition accounting)—specifically, consolidation vs. equity method of accounting
  • Understanding the basics of derivatives and hedging, and the accounting for derivatives and hedging activities
  • Unstructured: time for questions and any overlaps from above

How to Register

To register yourself, click the ‘Register Now’ button and complete the online registration form.

To register on behalf of someone else, or to register groups of 2 or more, please contact us; discounts may apply.

Questions? Please contact Edumine: +1 604 683 2037 or [email protected] and we will get back to you during regular business hours, Monday - Friday, 8:00am to 5:00pm Pacific Time.

Registration Deadline

Online registration ends 15 minutes prior to the webcast; however phone registration can be accepted up to the start of the webcast. Please call +1 604 683 2037 ext. 259 for last-minute reservations. Webcasts fill up quickly. Early booking is advised!


The fee covers the lecture, access to electronic course notes, Pre-Course e-Learning and a certificate of attendance.

Early Bird: there is a 10% discount if you register at least 30 days prior to the course start date. A 10% discount is offered for groups of 5 or more OR if you provide your Annual Edumine subscription User ID at time of registration. The maximum discount that can be applied is 20%.

This webcast is designed for both individual and group participation and would make an excellent company-sponsored in-house training event. If you have a group of twenty or more who would like to attend this course from one location, please contact us at +1 604 683 2037 for special pricing.

How Webcasts Work

It's easy and our webcast saves on fees, travel and time! You will be able to ask questions and have live discussions during the webcast just as if you were there in person. At the time of the webcast, you connect to the internet, call in to a toll/toll-free number to hear and talk through the telephone or simply listen and speak over your headset/PC speakers using Voice over IP (VoIP). You see the presentation as well as the instructor on your computer screen.

System Requirements

To attend this webcast, you will need a computer with a high-speed internet connection (DSL or cable). You will also need a phone line or integrated microphone in your PC or a headset. For your comfort, it is recommended that you use a speaker phone or headset to connect to the webcast. Our system will support both PC and Apple computers using Internet Explorer, Chrome, Firefox or Safari browsers.

Accessing the Webcast

One day prior to the webcast, you will be emailed a link for the webcast. About 15 minutes before the scheduled starting time, simply go to the website provided in the email. You should be able to simply click on the link in the email; however, some email programs may require that you copy the address and paste it into your browser's address bar. You will be asked to enter your name and email address, and you will need to enter the password that was sent to you in the email. Once you have logged in, a screen will pop up with the Voice over IP option or a toll/toll-free telephone number to call. Of course, our team is available to help if you have any questions about accessing the webcast: +1 604 683 2037 ext. 259.

Terms and Conditions

By submitting the webcast registration form, you agree to pay the associated fees in full before the course start date.


Notice of cancellation must be given in writing by letter, fax or email and action will be taken to recover, from the delegates or their employers, that portion of the fee owing at the time of cancellation.

If a delegate submits written notice of cancellation 10 or more business days prior to the first day of the webcast, Edumine will refund the cost of the webcast.

If a delegate submits written notice of cancellation prior to the webcast but within 9 business days of the first day of the webcast, Edumine will refund the delegate's payment less a 10% administration fee.

If a delegate submits written notice of cancellation after the webcast has started, or misses all or a portion of the webcast without notice, no refund will be granted.

Edumine reserves the right to cancel an advertised course on short notice. It will endeavour to provide participants with as much notice as possible, but will not accept liability for costs incurred by participants or their organisations as a result of the course being cancelled or postponed. If a course is cancelled, fees will be refunded in full. Edumine also reserves the right to postpone or make such alterations to the content of a course as may be necessary.

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