Detailed Financial Models for 127 Mining Projects with Corporate Level Assessments for 21 North American Precious Metals Companies
TORONTO, June 12, 2012 /CNW/ - Mining Research Group Inc. ("MRG") announces the launch of a premium equity research product for the gold and precious metals sector.
"MRG's fully independent research and expertise will now be available to global institutional investors, mining corporations and other parties interested in gold and precious metals companies" said Michael Durose, CEO "We plan to expand this coverage to include international precious metal equities in the near future."
The comprehensive and granular proprietary database consists of detailed financial models for 127 mining projects. For each operating mine and development project, estimates are made for key inputs including:
- Commodity price and exchange rates;
- Proven, probable, and potential recoverable reserves and resources;
- Annual mining rates;
- Annual processing capacity;
- Metallurgical recovery factors;
- Unit per tonne operating cost estimates (mining, processing, general and administrative);
- Pre-production capital expenditures;
- Sustaining capital costs;
- Closure costs
- Working capital estimates.
Detailed operating and financial projections have been generated for each mine, with a series of economic measures (total cash flow, net present value, internal rate of return etc.) calculated for an assortment of metal price, exchange rate, and discount rate assumptions. The broad scope and highly detailed nature of the database allows MRG to make costing projections for various types of mining projects in diverse jurisdictions, allowing for predictive economic assessments, particularly for earlier-stage projects at the advanced exploration/early development stage.
The mine-level models extend to corporate level valuation and drive financial statement projections for the various companies under MRG's comprehensive coverage universe. Corporate level assessments are complete for 21 North American precious metals companies with a collective market capitalization of USD135 billion.
About Mining Research Group
Mining Research Group is an independent equity research and consulting firm with a focus on the Metals and Mining sectors. The firm was founded on the belief that investors and interested parties require a premium source of objective and specialized industry expertise and investment advice. MRG professionals have a collective 25 years of expertise in the fields of mineral exploration, equity research and various capacities of mining sector finance. To learn more, visit www.miningresearchgroup.com.
MRG is affiliated with and, shares management with, HanOcci Capital Partners Inc., a Portfolio Manager, Investment Fund Manager and Exempt Market Dealer registered in the Province of Ontario.
For further information:
Michael Durose (MSc, P. Geo.)
Chief Executive Officer
Mining Research Group Inc.
Kevin Best (MBA, MScE, P.Eng.)
Mining Research Group Inc.
Ph: 416- 479-3876