The Management & Economics Society (MES) of CIM is pleased to offer the following short course (one-day course) in Toronto:

Mining Financial Modeling

Saturday, February 29, 2020
8:30 am to 5:00 pm EDT

 

Location

CFA Society Toronto
Suite 2205, 120 Adelaide St W
Toronto, Ontario
M5H 1T1

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OVERVIEW

This course focuses on the skills required to design and create a dynamic financial model of a mining company that is developing an open pit mine to produce base and precious metals. Issues related to mining, milling and processing will be discussed. The course material includes model design, logic, construction and financial concepts to create a best-in-class financial model of a mining company. Various intermediate Excel tools along with helpful keyboard shortcuts will also be covered throughout the course.

 

TOPICS INCLUDE

Design and structure of a financial model:

• Logical design and layout
• Clearly-defined inputs and assumptions sections

Development of powerful scenarios, cash flow projections and financial statements:

• Use of switches to create effective scenarios and value drivers
• Forecasting of project revenues and expenses
• Commodity pricing, including hedging
• Production profile (includes construction, mining and processing profiles)
• Variable and fixed operating costs, including mining, milling and treatment and refining charges
• Development and maintenance capital costs; reclamation and closure costs
• Resource tax (includes regional resource tax rules)
• Income tax (includes federal and provincial taxation)

Evaluation of a mining project:

• NPV, IRR and payback period
• Sensitivity analysis
• Detailed summary page for displaying results

 

LEARNING OUTCOMES

Participants design and create a financial model to determine the value of a mining company developing an open-pit mine. Participants leave the course with a dynamic model which evaluates the net present value of the project, internal rate of return as well as payback and discounted payback periods.

 

INSTRUCTOR

Duncan McKeen, CFA
Principal, The Marquee Group

INSTRUCTOR’s BIO

Duncan is a Principal of The Marquee Group. He has taught finance courses at the Queen’s University School of Business, and has extensive experience in equity research where he focused on the resource sector. Prior to joining the financial community, Duncan worked with Ingersoll-Rand. He received his Master of Finance degree from the Queen’s University School of Business and a Bachelor of Engineering degree from McGill University. He is also a CFA charterholder.

The Marquee Group has developed a framework and discipline for model design, structure and development. Marquee has provided training to professionals at financial institutions, corporations, professional organizations and universities since 2002.

 

WHO SHOULD ATTEND

This course is suited to mining company employees, capital market participants and others involved in analysis and evaluation of mining assets, and who aim to develop their modeling skills for mining projects.

Prerequisites: Participants should have an understanding of the fundamentals of accounting and proficiency in Excel. Included in registration fee: A printed copy of the course material and an electronic copy of the completed financial model.

 

Participants should have a working knowledge of Excel and mining projects. A laptop with any version of Excel is required for this course.

 

REGISTRATION (Prices are subject to 13% HST)

Registration (closes February 15, 2020): $600

Early Bird Pricing (until February 15, 2020): $525

 

40% off Student Discount (Current, Full-Time Students only)

Email a photo of your student ID to education@cimmes.org and include the name and date of the course you want to attend. You will be sent a discount code that you can use to complete your registration.

 

Please click HERE to register!

 

CPD/CE Credits, PD Hours: Eligible for CFA, CPA and P.Eng. professional development hours. Professional Geoscientists of Ontario (PGO) considers participation of its members in this course as an acceptable Continuing Professional Development activity.

Cancellations are not permitted within seven days of the start of the event, but you may send someone else in your place. For complete cancellation and refund policy, click HERE.

 

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