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Project Economic Evaluation for Geologists

  • 27 Oct 2022
  • 8:30 AM
  • 28 Oct 2022
  • 4:30 PM
  • The Boulevard Club, 1491 Lake Shore Boulevard West, Toronto, ON M6K 3C2
  • 22

Registration


Register

SHORT COURSE DESCRIPTION:

The TGDG is pleased to announce a workshop titled “Project Economic Evaluation for Geologists”. Lawrence Devon Smith will be the presenter, a highly-qualified subject matter expert and experienced educator. This workshop will be most beneficial for mid-career geologists with prior exposure to exploration or mining project studies, aiming to acquire an advanced practical understanding of economic evaluations, data sourcing, input parameters and calculation methods. There will be a small practical exercise component to the course, requiring attendees to bring their laptops PCs. A working Excel model will be provided to registrants.

COST:

  1. $520 for TGDG members*
  2. Non-members may sign up for a TGDG membership

*includes coffee, catered lunch and snacks

COURSE CONTENT:

- Mineral project valuation approaches 

Evaluation versus Valuation

Building a Cash Flow, Cash Flow Components, cash versus accounting

- Discounted cash flow (DCF) metrics including: time value of money, NPV, IRR, Payback

- Discount rate determination

- Levels of studies and reports 

- Production schedules

- Price and revenue

- Operating costs

- Capital costs:  Initial, Sustaining, Closure

- Royalties & Taxes

- Risk & Risk Assessment 

- Starting From Scratch: How to source and develop data for an early exploration economic evaluation cash flow


WHEN:

Thursday October 27th and Friday October 28th (8:30-4:30pm), including a social Thursday October 27th (4:30-5:30pm)

Parking is available for free on a first-come-first served basis.­

WHERE:

The Boulevard Club. 1491 Lake Shore Boulevard West, Toronto, ON M6K 3C2 (Google Maps link)

OTHER DETAILS:

The minimum number of registrants for the course will be 25; the TGDG reserves the right to cancel or postpone the workshop in case the minimum is not met. The TGDG is a not-for-profit organization and any proceeds from the event will be used to cover future events for the benefit of its members.

SPEAKER BIO:

Lawrence Devon Smith is Principal Consultant at LDSA. He is a mining engineer with over 40 years experience in economic evaluations and project engineering for mining, metallurgical, and industrial projects. He holds a B.A.Sc. from the University of Toronto and an M.Eng. Mining from McGill University.

Larry has worked as Director Project Evaluations at Barrick Gold and has held similar positions with BHP-Billiton Base Metals, Rio Algom, SNC-Lavalin, Kilborn, Inco, and Vale.

His evaluation experience includes economic evaluations, targeting and ranking studies, scoping studies, optimization studies, pre-feasibility and feasibility studies, risk assessment, and due diligence work for banks and mining companies. Larry has published numerous papers on mineral project evaluation, discount rates, and risk assessment, and is considered an expert in these fields.

Larry teaches mineral economics, mineral project evaluation, and “Introduction to Mining”.  He is an adjunct professor at the University of Toronto and Schulich School of Business at York University, a presenter for EduMine, and also teaches in-house courses and seminars.

He is the executive of the CIM Mineral Economics Society (MES) and is a past chair of CIM Toronto Branch. He is the recipient of the CIM Robert Elver award for Mineral Economics, a Fellow of CIM, and a CIM Distinguished Lecturer.



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