Expert Mine Valuation Tips with Pros Michael Sinden and Gordon Sobering of Costmine Intelligence

In this episode of Mining Stock Education, host Brian Leni is joined by Michael Sinden, Managing Director, and Gordon Sobering, Director of Costing and Engineering at Costmine Intelligence. The discussion centers around mining cost analysis, project evaluation, and key factors affecting investment decisions in the resource sector. They delve into the expertise shared by Costmine Intelligence in providing high-quality, proprietary cost data, the impact of recent economic cycles, and the nuances of the cost elements in mining projects. Gordon and Michael also provide insights into the relevance of ESG factors, the importance of estimating reclamation costs, the variability in cost estimates at different stages of project studies, and emerging trends in alternative energy sources and automation in mining.

00:00 Introduction

02:01 Impact of the Pandemic on Mining Costs

03:37 Energy Costs and Future Predictions

05:18 Alternative Energy Sources in Mining

09:02 Challenges in Technical Studies and Cost Estimates

19:45 Jurisdictional Cost Differences in Mining

23:03 AI and Automation in Costing

23:17 Electric Vehicles and Data Sets

23:29 Challenges in AI and Automation Data

25:18 Automation in Steel Manufacturing

26:33 Patterns in Commodity Cost Data

27:38 Mineral Processing and Metallurgy

29:07 Bulk Sampling and Cost Viability

32:31 Inflation and Cost Indices

35:06 Focus on Gold, Copper, and Iron Ore

37:20 Bulk Commodities and Transportation Costs

38:59 Cost Mind Intelligence Services

41:05 Conclusion and Final Thoughts