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Foundation programme

Introduction to Mining and Mining Finance

How a mining project is valued and funded, and why so many never reach production.

Duration
5 days
Level
Foundation
Next date
9 to 13 November 2026
Fee from
ZAR 995live online

Read the programme brochure

ClassroomLive onlineIn house

Overview

A mining project is a long dated bet on a price nobody can forecast, financed before anybody knows what is really in the ground. This week covers how that bet is structured: the study stages that progressively reduce uncertainty, the cash flow model underneath a valuation, and the instruments used to pay for it. The emphasis falls on where the numbers come from, because a discounted cash flow is only as honest as the resource estimate feeding it.

It runs 5 times over the published calendar, in 3 cities and live online. Every date is the same programme with the same content and the same certificate.

What you will be able to do

  • Follow a project through scoping, prefeasibility and feasibility.
  • Build and read a mining cash flow model.
  • Apply discounted cash flow, and know what it hides.
  • Compare debt, equity, streaming and offtake as funding routes.
  • Identify the assumptions that most often prove wrong.

Who should attend

Analysts and investment professionals, corporate finance and treasury staff at mining companies, project and study managers, and lenders assessing mining exposure.

Is the level right for you?

This is a foundation level programme. It assumes you are working in or moving into the area it covers, and it is built around your own material rather than a case study. If you are unsure, ask an advisor before registering rather than after.

Ask an advisor

How it is taught

Short input, then work. Across 5 days of roughly 6 teaching hours each, the balance sits deliberately with the second: a programme where the trainer talks for six hours produces notes rather than capability.

  • Your own material

    Exercises run on situations delegates bring, not on a case study written for a different organisation in a different decade.

  • A capped cohort

    Small enough that everybody is asked something. Executive programmes are capped tighter still.

  • Practice under scrutiny

    The difficult conversation, the challenged assumption, the decision defended out loud. Judgement is not built by watching.

  • Something to take back

    Each day ends with a thing you can use on Monday rather than a slide deck you will not reopen.

The programme, day by day

Day 1The study pipeline

The study pipeline

  • Scoping, prefeasibility and feasibility, and the accuracy each claims
  • Capital estimate classes
  • Why projects stall between stages
Day 2The model

The model

  • Production schedule, grade and recovery
  • Operating cost build up
  • Capital, sustaining capital and closure provision
  • Royalties and tax
Day 3Valuation

Valuation

  • Discounted cash flow and discount rate selection
  • Net present value, internal rate of return and payback
  • Comparable transactions and resource multiples
  • Sensitivity and scenario analysis
Day 4Funding

Funding

  • Equity, and the dilution it costs
  • Project debt and completion guarantees
  • Streaming and royalty finance
  • Offtake and prepayment
Day 5Risk

Risk

  • Price, grade and schedule risk
  • Country and permitting risk
  • What due diligence actually looks for

What you leave with

  • A cash flow model built from a real project outline.
  • A sensitivity analysis showing which assumptions actually move the answer.
  • A funding comparison with the dilution and cost spelled out.

The certificate

A GATI certificate recording what you attended, issued after the programme has run and attendance has been taken. Attending at least 80 per cent of the days earns a certificate of completion; attending less earns a certificate of attendance stating exactly what was attended.

Every certificate carries a code that anybody can check against GATI's own record, which is what makes it worth holding. It records participation. This site will not imply one it does not have.

Questions

Who is Introduction to Mining and Mining Finance for?
Analysts and investment professionals, corporate finance and treasury staff at mining companies, project and study managers, and lenders assessing mining exposure. It runs at foundation level within Mining Engineering, so it assumes you are working in or moving into that area rather than meeting it for the first time. If you are unsure whether the level fits, ask an advisor before registering rather than after.
How long is it, and what does a day look like?
5 days, running to roughly 6 teaching hours a day. Sessions are built around your own material rather than a case study, so a day alternates between short input and working on something you brought. The full outline is on this page, day by day.
What does it cost, and what is included?
The next published date is Gaborone, Botswana at R15,000 per delegate. The fee covers tuition, all programme materials and the certificate. Travel, accommodation and visas are arranged by the delegate. Fees vary by city, and every published date shows its own.
Can it be delivered for my organisation only?
Yes. Any published programme can run as a private cohort, on dates that suit you, in your city or online, built around your own material. That is a different conversation from registering an individual, and it starts with what capability you are trying to build rather than with a course title.
What certificate do I get?
A GATI certificate recording what you attended, issued after the programme has run and attendance has been taken. Attending at least 80 per cent of the days earns a certificate of completion; attending less earns a certificate of attendance stating exactly what was attended. Every certificate carries a code that anybody can check against GATI's own record.
Is the online version the same programme?
Yes. The same faculty, the same material, the same cohort cap and the same certificate. It is not a recording and it is not a reduced version. It exists because travel budgets and visa timelines rule people out of a room they should be in. The classroom version runs in Gaborone, Accra, Dubai.

Want to take this further?

Register on a published date, or tell an advisor what you need and they will come back with something specific rather than a brochure.

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