Course Description
Mining is a capital-allocation business as much as a technical one. Whether a deposit becomes a mine depends on discounted cash flow, commodity price assumptions, funding structure and risk — and technically excellent projects routinely fail on economics that were never properly modelled.
This course develops practical capability in mineral economics and mining project evaluation. Participants learn the drivers of value in mining, mining company financial statements, discounted cash flow modelling of mining projects, capital and operating cost estimation, funding approaches (equity, debt, project finance), risk quantification through sensitivity, scenario and Monte Carlo analysis, and investment decision-making under uncertainty — bridging the gap between the technical and financial sides of mining.
What you will achieve
By the end of this training course, participants will be able to:
- Explain value creation and competitive advantage in mining
- Interpret mining company financial statements
- Build and review discounted cash flow (DCF) models for mining projects
- Estimate capital and operating costs
- Understand mining project funding: equity, debt, project finance
- Quantify risk using sensitivity and scenario analysis
- Apply Monte Carlo simulation to project risk
- Make investment decisions under uncertainty and value optionality
How the course is delivered
The course combines mineral economics with hands-on project evaluation exercises built around cash flow modelling. Participants work through DCF, sensitivity and Monte Carlo scenarios using realistic mining project data.
The programme connects the technical mine plan to the investment decision, and is aimed at both technical professionals and commercial staff.
Designed for
This training course is ideal for:
- Mining engineers and geologists moving into evaluation
- Mine planning and technical services professionals
- Corporate development and investment staff
- Bankers, analysts and consultants in mining
- Anyone evaluating mining projects
Daily programme
- Value creation in the mining industry
- Commodity markets and price drivers
- Mining company financial statements
- The project evaluation process
- Building a mining DCF model
- Revenue and production modelling
- Capital and operating cost estimation
- Taxation and royalties
- Funding: equity, debt and project finance
- Cost of capital and discount rates
- Sensitivity and scenario analysis
- Monte Carlo simulation
- Investment decision criteria
- Decisions under uncertainty
- Real options in mining projects
- Evaluation workshop and review
Certification & accreditation
BII Certificate of Completion
BII Certificate of Completion Upon successful completion, participants receive a BII Development Institute Certificate of Completion with a unique reference code that is independently verifiable. Our certificates are recognised internationally and reflect successful completion of your chosen programme.
