ASSESSMENT OF CHANGES IN THE PRICE OF GOLD WITH FEASIBILITY STUDY OF PERMANENT CONDITIONS OF GOLD DEPOSITS INFLUENCING THE FINANCIAL RESULTS OF THE FUTURE ENTERPRISE
Abstract
The paper deals with the problem of pricing in the technical and economic progress justifying permanent conditions of gold deposits. The object of investigation is theselected gold deposit «N». In this paper, the author concludes that the choice of the price of gold in the feasibility study of conditions and putting them on the state account should be dealt with soundly; and some reserves should possibly be found to keep the price below recommended guidelines. Basing on a large empirical material, the author proves that reducing the price of gold by 10 % leads to financial strength of the enterprises increasing by 8 – 10 %, while the NPV at a discount rate of 10 % will increase from 80 million rubles. To 3.609 billion rubles., and ID – from 1.03 to 1.41, with losses of minerals in the region of 5 – 6 %. This will reduce the impact of the risk of falling prices on gold mining, as well as improve their financial condition.
About the Author
K. N. Zuyev
Branch of the RAS; Engineer at Design Institute "Zolotoproekt"; expert at State Commission on Mineral Resources
Russian Federation
Russian Federation
Kirill N. Zuyev – post-graduate student at the Institute of Economics and Industrial Engineering of the Siberian
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Review
For citations:
Zuyev K.N. ASSESSMENT OF CHANGES IN THE PRICE OF GOLD WITH FEASIBILITY STUDY OF PERMANENT CONDITIONS OF GOLD DEPOSITS INFLUENCING THE FINANCIAL RESULTS OF THE FUTURE ENTERPRISE. SibScript. 2014;(2-2):240-248. (In Russ.)
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