Mining in a Day
Monday 25 June 2012 – Mining in a Day
A guide to precious metal mining industry fundamentals for non-mining professionals looking to invest in gold and other precious metal mining projects. Get to grips with the geological terms, mining and processing methods used in the gold mining industry. Plus, gain insight into gold market economics and key valuation and investment strategies.
Seminar leaders:
Dr. Elena Clarici, Portfolio Manager, Scipion Mining & Resources Fund;
Chair of Association of Mining Analysts
Lawrence Roulston, Editor, Resource Opportunities
08:00 Registration and morning coffee
09:00 Precious metal mining: an introduction
- Overview and industry schematic of the precious metal mining industry
09:30 Geology
- Formation of the earth, rock types, basic structures
- Mineral groups, metals properties
- Geological processes
- Resource/reserve definitions
- Location of the world’s mineral wealth
11:00 Refreshments and networking
11:30 Mining methods
- Surface mining methods
- Underground mining methods
- Equipment review
12:15 Processing, refining and delivery
- Main metallurgical and refining processes and the beneficiation of gold ore
- Metals transportation and warehousing, sales and pricing mechanisms
- Various industrial and retail uses of gold and precious metals
12:45 Morning session Q&A
13:00 Lunch and networking
14:00 Exploration, valuation and investment fundamentals
- Exploration cycle, methods and 3D modelling for gold and silver mines
- Resource and reserve definitions and key project and country risks
- Valuation strategies and ratios: understanding challenges of mining projects
- Investment timing: identifying key points where value is added – from discovery to production
- Valuation and investment case studies
15:30 Refreshments and networking
15:50 Economics
- Supply, demand and costs
- Precious metal price trends and the role of substitution
- Market structure, ownership patterns and role of the government
16:45 Afternoon session Q&A
17:00 Close
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