This course examines the various approaches and methods of developing valuations for mineral properties and projects as well as mining companies. International standards are reviewed and the Canadian CIMVAL standard is discussed in more detail. The three valuation approaches (Cost, Market, Income) are examined along with the various methods within each approach. Techniques for risk assessment are described. Reporting requirements are examined and a suggested table of contents for a valuation report is discussed.
Dates: 26, 27, 28 May 2020
Duration: 3 sessions of 3 hours each
Price: $449 USD. Early bird special: 15% off if you register by May 10th. Use code APL2020.
See below for course policy
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. 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 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.
Who Should Attend
The course is appropriate for geologists, explorationists, engineers, regulators, mining analysts, mineral economists and others with a basic understanding of the mineral industry
Prior to the course, registered delegates have access to the online e-learning material consisting of two introductory courses titled Mineral Property Valuation 1 - Standards and Guidelines and Mineral Property Valuation 2 - Approaches and Methods.
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.
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.
A 10% administration fee will be levied for cancellations made 4 or more weeks prior to the first day of the course. Thereafter, the following cancellation refund schedule will apply.
- Cancellation made more than 3 weeks prior to the first day of the short course: 70% of the registration fee is reimbursed.
- Cancellation made more than 2 weeks prior to the first day of the short course: 50% of the registration fee is reimbursed.
- Cancellation made less than 2 weeks prior to the first day of the short course: no reimbursement of registration fees.
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.
Learning Objectives and Learning Outcomes
By the end of the course the participants will have developed and understanding of:
- The three Approaches to valuing mineral properties: Cost, Market, Income
- Examples of the calculations for the various Methods within each of the three Approaches.
- The international standards that are describe the requirements for valuations and reporting.
- How properties and projects are valued
- How mining companies are valued.
- International Standards
- Valuation Concepts
- Valuation Approaches
- Cost Approach and Methods
- Market Approach and Methods
- Income Approach and Methods
- Valuing Companies
- Valuation Reports
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