Abstract

To estimate the value of a gold mine, we considered several key factors, including the size and grade of the resources, which indicate the number of gold ounces available on the ground. It is also crucial to assess the cost structure, including mining and operating expenses, as well as the potential cash flow, which we measure using Net Present Value (NPV). These metrics helped us to determine the value of gold within the mine. Standard valuation methods typically include the following. Per-ounce valuation: This approach applies multiples to the ounces of gold. Market approach: This method compares the mine to similar transactions in the industry. Discounted Cash Flow (DCF): This technique involves projecting future earnings and discounting them to determine their present value. Using these methods, we can better estimate the overall value of a gold mine.

Keywords:Gold mine; Mineralogical analysis; Flotation testing; Pressure oxidation (cyanidation testing); Reactive granular metmaterial