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