A history of leverage and the mining industry, 2010-2015 | FT Alphaville

Sep 28, 2015 ... A history of leverage and the mining industry, 2010-2015 ... value of the company, with average gearing (net debt:equity) falling to 8% in FY05/06. ... Investec's analysis assumes you can roughly value the equity in BHP Billiton ...

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WACC Expert - calculate your WACC!

WACC Expert - Calculate your WACC in a few clicks : choose your country, your sector, adjust the parameters, get an excel file and order a report !

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Analysis of the structure and cost of capital in mining enterprises ...

Apr 1, 2017 ... T he objective of the article is to present the capital structure of selected Polish and world's mining companies and estimate their cost of equity ...

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Valuation of Metals and Mining Companies - Ehrenworth & Syme ...

FIGURE 9: DIFFERENT COST IN MINING INDUSTRY. FIGURE 10: ... Mining and metals continue to be among the best performing global equity sectors, but ..... So, gold ore needs to be concentrated by about 1,000 times above its average.

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What's going on with WACC rates in Australia? | Finance & Treasury ...

Oct 31, 2016 ... ... of Weighted Average Cost of Capital (WACC) given that we are in the. ... is around 6.3%, with 80% of WACC rates by industry below 8.4%.

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Growth Options, Beta, and the Cost of Capital

The difference has important implications for determining the cost of capital. For example, .... above-average growth opportunities in the Computer industry should have a cost of equity capital roughly 2% per .... Precious Metals. Metal Mining.

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+ RPs + CRP + RPz WACC = Ke x We + Kd x Wd - Deloitte

Rf = risk-free rate, RPm = market premium, RPi = industry premium, RPs = size premium,. CRP = country risk ... (WACC) represents the average cost of financing a company debt and .... real cash flows (common in mining companies). c. The Rf ...

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Key Financial Ratios to Analyze the Mining Industry | Investopedia

The mining industry is one of the oldest established industrial operations. Mining has been ... The return-on-equity ratio, or ROE, is a key financial indicator considered by investors ... Average ROEs in the mining industry are between 5 and 9%, with the best-performing companies producing ROEs closer to 15% or better.

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Debt in the mining sector - EY Chile

projects remaining in production, despite the price ... plans, capital structure, counterparty exposure and ... Note: The graph is based on a sample of 88 listed mining companies from ..... average of aluminium, copper, lead, zinc, tin and nickel.

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With An ROE Of 7.40%, Can KalNorth Gold Mines Limited (ASX:KGM ...

Mar 30, 2018 ... Return on Equity (ROE) is a measure of KalNorth Gold Mines's profit ... Gold Mines's ROE is underwhelming relative to the industry average, ...

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Mergers, acquisitions and capital raising in mining and metals - EY

Mergers, acquisitions and capital raising in mining and metals 1H 2013 ... accounted for nearly half of the sector's total deal value in 1H ... Average value ($m).

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The real cost of equity | McKinsey & Company

The inflation-adjusted cost of equity has been remarkably stable for 40 years, ... and therefore does not properly reflect the market value of typical companies in ...

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Ranking U.S. Stocks On Weighted Average Cost of Capital - Forbes

May 12, 2016 ... Weighted average cost of capital (WACC) is the weighted average of the ... For beta, we use industry and sector averages, which we calculate ...

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Interview Question - Cost of Equity ALWAYS > Cost of Debt - Wall ...

So I said, in a typical situation, I would say A. always... and mentioned things like ... cost of equity should always be riskier than cost of debt b/c equity lower on the ..... and I got this question, I'd just whip out Arrow-Debrieu, cite gold companies, .... So if we think about a gold mine that we know will allow us to extract a lot of ...

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The capital asset pricing model – part 2 | ACCA Global

Feb 1, 2018 ... For example, the proxy betas from several coal mining companies ought ... calculate a project-specific weighted average cost of capital, but this ...

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Cost of Capital - Duff & Phelps

Duff & Phelps is an industry thought leader in helping companies assess the cost of capital.

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Metal Mining Industry Management Effectiveness Information and ...

Metal Mining Industry Return On Investment, ROI, Return On Equity, ROE, Return On Assets Ratio, Roa, current, historic, averages from 1 Q 2018 to 1 Q 2017.

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Costs of debt, costs of equity, debt ratios and costs of capital, by industry

Jan 5, 2018 ... Cost of equity and capital (updateable), US companies ... 8, To update this spreadsheet, enter the following, Cost of Debt Lookup Table (based .... 71, Metals & Mining, 102, 1.10, 8.01%, 76.61%, 82.33%, 6.91%, 1.66%, 5.25% ...

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January 2017 Data Update 6: A Cost Of Capital Update! - ValueWalk

Jan 26, 2017 ... The cost of capital is the weighted average of the costs of equity and debt ... of natural resource companies, will reflect the beta of mining and ...

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Cost Of Equity - Investopedia

Determining an accurate cost of equity for a firm is integral in order to be able to calculate ... (e.g. a gold-mining company), which means the share price moves in the opposite ... Bloomberg and Ibbotson are other valuable sources of industry betas. ... Weighted average cost of equity (WACE) is a way to calculate the cost of a ...

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Mine 2016 - PwC

Dec 31, 2015 ... ... but not defeated. Review of global trends in the mining industry ... collective net loss, their lowest return on capital employed ..... projects and the rising costs of capital. ..... the previous year's Top 40 average of 43%. Weaker.

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estimating the cost of equity using a mining build‑up model

'Mining Build‑up Model' to assess the risks of mining companies. The model has four ... The weighted average cost of capital of NWR Plc was calculated as ...

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Cost of Capital by Sector - NYU

... an excel file instead: ~adamodar/pc/datasets/wacc.xls .... Metals & Mining, 102, 1.10, 8.01%, 76.61%, 82.33%, 6.91%, 1.66%, 5.25% ...

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Risk-adjusted discount rate estimation for evaluating mining ... - Finsia

Key words: risk-adjusted discount rate; cost of capital; mining project evaluation ... interest cost of debt financing and the cost of equity – the weighted average cost of capital (WACC). .... is exacerbated by the fact that many mining companies.

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Estimating cost of equity in project discount rates: comparison of the ...

The Weighted Average Cost of. Capital ... average after-tax cost of capital, which is computed as the ..... capitalization, the top three mining companies in the gold.

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