Mining Valuation

MINING VALUATION

The mining industry includes the petroleum, natural gas, geothermal, mineral and coal (metal, non-metal, rock and coal) industries, but does not include mining (exploitation) of water from within the earth.

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The asset valuation of mining industry is carried out for various purposes, such as mergers and acquisitions (M&A), non-affiliated transactions, part of the pricing on the issuance of shares to the public, supporting stock exchange activities, audited financial reports, property agreements, determining seller considerations, litigation, takeover compensation, income tax, insurance claims, company valuation components and fairness opinion.

Moneyweek writes the only reasonable way to evaluate a mining company is to look at the net present value of the potential future cash flow, discounted at an appropriate discount rate. You have to take into account not just the cash flow that the mine(s) is generating, but also sustaining capital costs (including future exploration and development costs) associated with keeping the mine in production.