During this 2-day course, participants will become familiar with the concepts of a cash flow and discounted cash flow (DCF), as well as their application to mineral projects.
The course is structured as an interactive working session, in which the instructor and participants will work together to develop a working cash flow evaluation model, step-by-step. (A laptop computer with Excel and a working knowledge of Excel are prerequisites for the course.)
By the end of the course the participants will have developed:
- A working cash flow model suitable for the evaluation of a new project.
- An understanding of DCF evaluation metrics.
- An understanding of discount rates and the time value of money.
- An evaluation of a steady-state operation.
- An evaluation of an expansion project.
- An evaluation of a cost flow to choose between several operational alternatives.
- A sensitivity analysis with tables and graphs.
Prior to the course, registered delegates have access to the online e-learning material consisting of an introductory course titled Economic Evaluation and Optimization of Mineral Projects.
Certificate in Mining Studies
This course qualifies for two days 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.
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Continuing Professional Development (CPD)
Registered participants who attend the entire short course 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.
Who Should Attend?
The course is appropriate for geologists, engineers, mining analysts, accountants, and financial persons with an interest in evaluating mining projects and properties.
Instruction will take place over 2 days from 8:30am to 5:00pm each day, with a lunch break from noon to 1:00pm and 15 minute snack breaks mid-morning and mid-afternoon.
The course includes following topics:
- Cash Flow components
- Cash versus Accounting
- Examining a cash flow
- Exercise - Building a basic cash flow
- Time value of money
- Basic discounted cash flow (DCF) metrics
- Discount rate determination
- Exercise – Building the DCF metrics
- Basics of production schedules
- Basics of price and revenue
- Basics of operating costs and capital costs
- Exercise – adding production, price, operating costs and capital costs to the cash flow
- Basics of royalties
- Basics of taxes
- Exercise – adding royalties and taxes to the cash flow
- Evaluation of a steady-state operation
- Exercise – adding DCF metrics for a steady-state operation
- Evaluation of an expansion project
- Incremental versus differential cash flows
- Exercise – Developing adding DCF metrics for a steady-state operation
- Evaluation of a cost flow
- Incremental versus differential cost flows
- Exercise – Developing a cost flow comparison of two or more alternatives
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.
Participants are expected to have their own laptop computers available for this course.
The fee covers the lecture, access to Pre-Course e-learning, a certificate of attendance, and catered breakfasts and lunches including light refreshments. The fee does not cover accommodation.
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 3 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%.
The course will be held at the DoubleTree by Hilton Toronto Downtown which is located at 108 Chestnut Street in downtown Toronto.
If you need to make hotel reservations, we recommend the following hotel. When making reservations, be sure to ask for the “InfoMine corporate rate”, or book through the one-click reservation link noted below.
Situated at the crossroads of Toronto’s financial, research and entertainment districts, the newly refreshed DoubleTree by Hilton Toronto Downtown offers a quiet retreat set amongst a vibrant urban locale. With 486 guestrooms and suites the hotel is ideally suited for modern business professionals and leisure seekers alike. You won’t even need to leave the hotel lobby to enjoy some of Toronto’s finest dining experiences. Hemispheres Restaurant & Bistro presents an eminently delicious menu with a tranquil backdrop, while the award winning Lai Wah Heen offers the height of Chinese cuisine in an exquisite setting. DoubleTree by Hilton Toronto Downtown provides easy access to Pearson International Airport, and is equipped with an newly refreshed indoor pool and expanded Precor fitness centre, business centre, and wireless high speed internet access.
The Hotel’s website is: http://www.torontodowntown.doubletree.com
Book your room online through our personal InfoMine corporate rate link (room rate includes internet access).
Terms and Conditions
By submitting a short course registration form, you agree to pay the associated fees in full before the course start date.
A 10% administration fee will be levied for cancellations made up to two weeks prior to the start of the course. Cancellations thereafter will be liable to the loss of the full fee. Notice of cancellation must be given in writing by letter or fax and action will be taken to recover, from the delegates or their employers, that portion of the fee owing at the time of cancellation.
EduMine reserves the right to cancel an advertised course at 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 for the cancellation of travel arrangements and/or accommodation reservations 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.