Financing of Gold Mining Projects

What is the course about?

Gold mining projects and mines located across the globe, often in challenging environments, have a constant requirement for new capital. Prior to seeking capital, the gold mining industry market dynamics need to be understood. The course covers the different capital requirements for gold mining projects. A condition of successful financing is a solid and sustainable gold mining business case, and this course provides a guideline,  from licenses, resources, reserves to mining and processing of gold ore, all managed by a strong team, sustainable and profitable. The different types of gold mining projects are presented. The course deals with the different capital types and transaction structures for the different developmental stages of gold mines. A proven financing process is provided, and practical case studies of gold mine financings are presented that can serve as a reference for new gold mine financings.

Course content

What will you learn?

• industry dynamics of the gold mining industry
• how to develop a strong gold mining business case that will attract investment 
• the different types of gold mining projects
• the capital requirements for the different stages of developing a gold mine 
• the types of capital available for the financing of gold mining projects and funding structures
• legal structuring the gold mine financing   
• the financing process and key components
• case studies of financing gold mining projects 

What is the target audience?

• gold mine developers seeking to finance their project
• gold mine owners intent on financing equipment or recapitalizing their mine
• gold mining and exploration companies
• mining investors 
• mineral policymakers intent on developing the gold mining sectors of their countries

Course instructors

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Michael (Mike) Seeger

BSc Eng Mining, MSc Eng (Mineral Economics), PhD

A qualified Mining Engineer with +25 years’ experience in mining finance, mine development and mining operations in gold, precious metals, base metals, energy minerals and industrial minerals.

He started his career working in deep level gold mining in South Africa. Later he gained experience working as a mining engineer in mine production and mine development for Iscor Mining. He was a member of the project team that developed the titanium mining and smelting operations now owned by Tronox.

From 2001 - 2003 he worked as a management consultant on the turnaround and optimization of multiple gold mines mines and smelters in South Africa, West Africa, South America and Europe. Mining companies included Newmont, AngloGold Ashanti, Kaiser Aluminium, Outokumpu and RAG Coal.

In 2004 he co-founded a large opencast mining contracting company that mined for Anglo American. In 2009 he was a co-founder of ASX listed Universal Coal that financed and developed a portfolio of coal mines and projects.

As founder and director of MX Mining Capital Advisors, he advises mine developers, mine owners and mining investors on financing of mining projects. His work includes arranging finance for mines and mining projects across the globe in gold, base metals, precious metals, energy minerals and industrial minerals, working with diverse types of mining capital. He is passionate about sustainable mining.

In 2019 he published the handbook “Mining Capital” with Springer for mine developers and mine owners seeking finance.