Financial Modeling in Mining: Analyze & Evaluate

Overview

This course, Financial Modeling – Barrick Gold Corporation, provides a comprehensive framework for building and interpreting financial models in the mining sector. Learners will begin with sector insights, capital expenditure planning, and revenue forecasting before moving into profitability analysis and balance sheet interpretation. The course also covers essential drivers such as depreciation, cost of debt, working capital, and exchange rate effects. In the advanced stage, learners will assess earnings per share, debt-to-equity ratios, dividend yields, and compounded annual growth rate (CAGR) to value companies and forecast stock performance. What makes this course unique is its real-world application to Barrick Gold Corporation, a leading global mining company, allowing participants to bridge theory with industry practice. By the end of the program, learners will have developed actionable skills to apply in equity research, corporate finance, and investment analysis, gaining confidence to construct and evaluate professional-grade financial models.

Syllabus

Laying the Groundwork for Financial Models

This module introduces learners to the foundations of financial modeling in the mining sector, with a focus on gold. It covers global demand drivers, capital expenditure, revenue forecasting, and profitability fundamentals. Learners will gain insights into building accurate projections and understanding core financial flows.

Mastering Statements and Financial Drivers

This module dives deeper into financial statements, asset evaluation, and profitability analysis. Learners will interpret balance sheets, calculate depreciation, analyze working capital, and adjust for financing and exchange rate effects. By the end, participants will master key drivers that shape financial health.

Advanced Valuation and Investor Insights

This module focuses on valuation methods and investor-centric metrics. Learners will measure earnings per share, evaluate debt-to-equity ratios, analyze dividend yields, and apply growth calculations such as CAGR to forecast stock valuations. The module equips participants to make informed investment and valuation decisions.