Mineral Property Valuation 2 - Approaches and Methods

Mineral Property Valuation 2 - Approaches and Methods

Areas of Study: Management

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This is the second of two courses by the author on valuation of mineral properties. Mineral Property Valuation 2 - Approaches and Methods covers the full range of valuation methods available based on cost, market and income approaches, with numerous examples.

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  • Audience Level:
  • Professional
  • Enrollment:
  • Required
  • Duration:
  • 10 hours

Course Summary

Introduction

This is the second of two courses by the author on valuation of mineral properties. The first course, Mineral Property Valuation 1 - Standards and Guidelines, covers the development, requirements and application of international standards and guidelines for mineral property valuation. It focuses on the CIMVAL Standards and Guidelines, developed by the Canadian Institute of Mining, Metallurgy and Petroleum, and their relationship with National Instrument NI 43-101 for mineral project reporting.

Mineral Property Valuation 2 - Approaches and Methods covers the full range of valuation methods available based on cost, market and income approaches, with numerous examples. The different methods are discussed in terms of concept, application, data requirements, methodology, strengths and weaknesses.

Content

The course is presented in four parts...

  • Part 1 - Cost Approach and Methods
  • Part 2 - Market Approach and Methods
  • Part 3 - Income Approach and Methods
  • Part 4 - Practical Issues and Applications
The course comprises 25 learning sessions of 15–30 minutes each, plus four reviews of multiple choice questions. Estimated course duration is equivalent to approximately 10 hours of learning content.

Learning Outcomes

  • Identify and discuss the methodology, requirements and application of the available approaches and methods for valuation of mineral properties.

Recommended Background

  • Professional engineer or geoscientist.

Lawrence Devon Smith

Larry Smith is a mining engineer with over 40 years experience in economic evaluations and project engineering for mining, metallurgical, and industrial projects. He holds a B.A.Sc. from the University of Toronto and an M.Eng. Mining from McGill University.

Larry is the principal consultant at LDSA. He has worked as Director Project Evaluations at Barrick Gold and has held similar positions with BHP-Billiton Base Metals, Rio Algom, SNC-Lavalin, Kilborn, Inco, and Vale.

His evaluation experience includes economic evaluations, targeting and ranking studies, scoping studies, optimization studies, pre-feasibility and feasibility studies, risk assessment, and due diligence work for banks and mining companies. Larry has published a number of papers on mineral project evaluation, discount rates, and risk assessment, and is considered an expert in these fields.

Larry teaches mineral project evaluation and mineral economics at the University of Toronto/Canada, Schulich School of Business at York University/Canada, as well as in-house courses and seminars. He also presents "Introduction to Mining" workshops for investors, management, finance personnel, lawyers, and indigenous peoples.

Larry has been on the executives of the Canadian Institute of Mining (CIM) Toronto and the CIM Mineral Economics Society (MES). He is the recipient of the CIM Robert Elver award for Mineral Economics, a Fellow of CIM, and a CIM Distinguished Lecturer.