Mining Engineering
Mining Operations
Introduction to Mining and Mining Finance
How a mining project is valued and funded, and why so many never reach production.
- Duration
- 5 days
- Contact hours
- 30
- Level
- Foundation
- Fee from
- On enquiry
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.
Who should attend
Analysts and investment professionals, corporate finance and treasury staff at mining companies, project and study managers, and lenders assessing mining exposure.
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.
How it is taught
Short input, then work, across 5 days of roughly 6 teaching hours each. Exercises run on situations delegates bring rather than on a case study written for a different organisation. Cohorts are capped so that everybody is asked something.
Available as classroom, live online, in house.
Programme outline
Day 1
The study pipeline
- Scoping, prefeasibility and feasibility, and the accuracy each claims
- Capital estimate classes
- Why projects stall between stages
Day 2
The model
- Production schedule, grade and recovery
- Operating cost build up
- Capital, sustaining capital and closure provision
- Royalties and tax
Day 3
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 4
Funding
- Equity, and the dilution it costs
- Project debt and completion guarantees
- Streaming and royalty finance
- Offtake and prepayment
Day 5
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.
Dates and fees
| Dates | Location | Format | Fee |
|---|---|---|---|
| 23 to 27 November 2026 | Gaborone, Botswana | Classroom | R15,000 |
| 30 November 2026 to 4 December 2026 | Accra, Ghana | Classroom | US$1,500 |
| 7 to 11 December 2026 | Dubai, United Arab Emirates | Classroom | US$1,500 |
| 14 to 18 December 2026 | Live online | Live online | US$995 |
Fees are per delegate and cover tuition, all programme materials and the certificate. Travel, accommodation and visas are arranged by the delegate. Registration closes two weeks before a programme starts.
Certificate
A GATI certificate recording what was 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.
It records participation. and GATI does not claim one it does not hold.