This course has been developed for professionals who work in and around the mining industry and require a holistic overview of mining, from finding a deposit through to closing a mine. While you will learn the basic mining terms, this course is presented in non-technical language that you will be able to understand and demonstrates concepts using many examples to reinforce the learning.
Dates: 16, 17, 19 October 2020
Duration: 3 sessions of 3 hours each
Time: 10:00 am - 1:00 pm PDT. Check the exact time and date in your city here.
Price: $399 USD
See below for course policy
Carlos da Costa
Carlos da Costa is a lecturer at Simon Fraser University where he offers risk management and finance instruction within the Beedie School of Business. He is also an instructor at the University of British Columbia (UBC) where he provides mining finance and economics related instruction. In addition, Carlos recently completed his PhD at UBC, focusing on resource (mining and energy) finance and economics. He is also a seasoned financial professional with solid experience in financial derivatives, market and credit risk, and structured finance.
Who Should Attend
This course is appropriate for anyone interested in gaining some fundamental understanding on how to extract financial intelligence from company financial reports. This is particularly essential to those in the mining management, financial, and investment sectors who do not necessarily possess a financial and/or accounting background.
The course will be of particular interest to junior mining analysts with a limited financial background, various levels of management, fund and asset managers, bankers, lawyers, consultants, engineers responsible for development planning, exploration managers and other specialists in the valuation of mineral projects. It will also be of interest to industry-based geologists and engineers, as well as government officials.
Two weeks prior to the course, registered delegates have access to the online e-learning material consisting of an introductory courses titled Understanding Financial Statements of Mining Companies.
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 pos
Student are expected to learn in the course the following and possibly more:
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
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