Interview trainerQuestions with model answers, timed drills and mock interviews.Excel casesGuided modelling exercises, with a starter file and a worked solution.QuizTest yourself on the whole course.

FormulasEvery calculation of the course on one page.GlossaryThe terms of mining and finance, with flashcards.CalculatorsProject NPV, streams, accretion and grade, each on a worked example.HistoryHow mines were financed, from Laurion to today.

NewsMining M&A news, dated and sourced, updated every Monday.Deals and financingsLandmark takeovers and recent raises, streams and royalties.ScreenerForty listed miners compared on size, costs and cash.GlobeMines, deals and country risk on a 3D globe.

Mining finance glossary

NTM

Next twelve months, based on forecasts.

Where the course uses it

Lecture 7: Enterprise value and equity value
Lecture 8: Valuation by comparison: trading comps and precedent transactions
Lecture 9: The DCF, part one: from free cash flow to value per share

Practise with flashcards All terms

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A course in mining M&A and finance, from first drill hole to closing.

For learning only. Rounded figures, simplified models. Not investment advice.

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The mining finance course

The life cycle of a mine
Resources and reserves
Reading a technical report
Metal markets
Valuing a mine
Building a mine model
Funding a project
Due diligence
The M&A process
Risk and jurisdiction
Case study: Newmont and Newcrest
Case study: Glencore and Xstrata
Case study: Barrick, Randgold and Nevada
Case study: BHP and Anglo American
Case study: Anglo American and Teck

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