This 2-day course delves in the overview of the Mine to Market mineral process flow and all associated applications of economic evaluation procedures. The time value at resource at a point in time, discounted cash flow analysis, discount factors (risk & uncertainty), and inflation is also explored. Discounted cash flow ranking criteria, and discounted average cost. The course applies a systematic planning process, and economic data at each phase of the planning cycle. The notion of mineral resource and reserve Reporting as it applies to the value undeveloped deposits, initial assessments, and capital values & development strategies.
Participants will be exposed to the fundamental principles of mining economics, with a focus on cost efficiency and comprehensive mineral accounting at each level of the mining value chain. Participants will learn how to build basic cash flow models, conduct break even analysis (including incremental and marginal cost analysis), and apply economic criteria to real-world decision making. Participants will be given a range of financial and value modelling tools as well as resources.
In order to fully realize the objectives of this course, attendees would at least have a reasonable understanding of basic data manipulation and graphical display tools and techniques commonly used in MS Excel environment. A basic grasp of mining and mineral industry terminology would be great but not essential.