IndustriesMining

Mining

Financial clarity for mining companies, from exploration to production

We help explorers, developers and producers raise capital, model their projects and make their case to investors, with the rigour a lender or analyst will apply.

Excavators and haul trucks in an open-pit mine

Who we work with

Wherever the project sits in its life cycle

Mining companies face long lead times, commodity and currency swings, and capital needs that arrive years before revenue. The financial questions change at each stage, so we start with where you are.

Explorers and developers

Funding the next drill program or study, framing project economics early, and building investor awareness between news releases.

Producers and operators

Cost and margin visibility across the operation, cash flow forecasts under price and currency scenarios, and capital allocation between sustaining and growth spend.

Investors, lenders and acquirers

An independent view of project economics, valuation of assets and companies, and diligence ahead of a financing, joint venture or acquisition.

Decisions we support

The decisions mining teams bring to us

Each one links to the practice that handles it, so you can go from the question in front of you to how we answer it.

Raising capital for the next phase

Sizing the raise, preparing the financial case and investor materials, and planning the use of proceeds against project milestones.

Capital raising

A project model lenders will trust

An integrated model of capex, operating costs, production and financing, with the commodity, currency and schedule sensitivities lenders test.

Project finance modeling

Reaching investors between news releases

Independent equity research that explains the asset, the catalysts and the risks to the investors a junior miner needs to reach.

Equity research

Valuing an asset, a stake or a company

Valuations for financings, option and royalty deals, shareholder matters and transactions, built on the project model rather than rules of thumb.

Business valuation

A joint venture, acquisition or sale

Screening targets and partners, testing deal terms against the economics, and supporting diligence and negotiation through to close.

Mergers and acquisitions

Finance leadership without a full-time CFO

Budgets, cash forecasting, board and lender reporting, and treasury discipline for companies not yet ready for a full-time hire.

Fractional CFO

Our perspective

A mining company’s financial case should hold up to the same scrutiny a lender or analyst will apply.

Technical inputs such as resources, mine plans and recoveries stay with your qualified persons. We build the financial case around them, and test it the way investors will.

Selected work

See how our engagements come together

From capital raises and valuations to research coverage and fractional CFO roles, our selected work shows the range of companies we serve and the decisions we help them make.

A one-on-one conversation with a client

The firm

An independent firm, built around the work

Engagements are principal-led and staffed to the work, drawing on our network of legal, tax and audit partners where a scope requires it.

Many of our relationships continue well beyond the first mandate, as fractional controller or CFO, as research partner, or as adviser on the next raise or transaction.

Principal-ledSenior attention from scoping through delivery.
Hands-onInvolved from the first model through to execution.
For the long termOngoing roles as controller, CFO and research partner.

About Alphabridge

Questions

Questions mining teams ask us

Do you work with pre-revenue explorers?

Yes. Much of our mining work is with explorers and developers, where the financial questions are about funding the next program, framing the project economics and reaching investors.

Can you review the economic model behind a PEA or feasibility study?

We can review the financial model behind a study, rebuild it in a form your team can maintain, and run the sensitivities lenders and investors ask about. Technical inputs such as resources, mine plans and recoveries stay with your qualified persons.

How does company-sponsored equity research work?

The company engages us to initiate and maintain coverage, and the relationship is disclosed in each report. Reports are published on our site and shared with our investor audience. See our equity research practice for more.

Do you only work with companies in British Columbia?

No. We are based in Vancouver and work with companies across Canada and internationally.

What does an engagement cost?

It depends on the scope. After a first conversation we send a written proposal with deliverables, timing and fees, so you know the cost before any work begins.