COURSE DESCRIPTION:

This course is a one day course that will offer an introduction to capital markets to anyone interested in the connection between corporate finance and mining. Attendees will also be given a hands-on introduction to cash flow models and the opportunity to evaluate a project quantitatively using NPV and present their opinion.

The course will be delivered in two parts:

Part one: Capital markets for geoscientists
• Introduction to capital markets, presented by Dale Mah, Endeavour Silver Corp.
• The role of the sell side, presented by Michael Gray, Agentis Capital
• Mechanics of financing the mining sector, presented by Joe Mazumdar, Exploration Insights
• Building the (near) perfect company, presented by Nicole Adshead-Bell, Cupel Advisory

Part one will introduce attendees to the financial side of the exploration and mining industries. This includes an overview of capital markets, sell-side and buy-side, equity research, investment banking, and M&A. We will discuss the various financial firms that link capital with companies, such as brokerages, conventional banks, alternative banks, private equity, advisory firms and exempt market dealers; plus the numerous forms of financings they offer.

Part two: Valuation workshop
• Quantitative analysis with an emphasis on discounted cash flow modelling, NPV, IRR and discount rates
• Understanding the key mining inputs behind financial models and calculating sensitivities
• Introduce the concept of equity research and how mining companies are valued
• Attendees will be divided into groups. Each group will be given a mining project to evaluate using DCF modelling and Microsoft Excel
• Calculate the value of a royalty and streaming transactions

Part two will be focused on project valuation using various valuation methods, with a focus on NPV and cash flow modelling. This will involve group work where each is assigned fictional projects to complete as a valuation exercise. If time permits, we will include valuation of royalties and streaming transactions.

COURSE DELIVERY STRATEGY:

This course is presented by geologists who have extensive industry experience in addition to capital markets experience. The course includes presentations, open discussion, analysis, group work, and interactive elements.

LEVEL OF COMPREHENSION:

Entry-level, Intermediate

COURSE FEES:

Includes course material, continental breakfast and lunch

SOLD OUT
Early rate:
Member $599     Non-member $699

Regular rate:
Member $799     Non-member $899
Student $349