ESG

The conflict between ESG and valuations

With mine development facing greater regulatory and social challenges, mining hall of famer Douglas Silver, chief executive of Balfour Holdings said the industry would benefit from switching from discounted cash flow (DCF) to multiple on invested capital (MOIC) when assessing the financial value of a project.

Paul Harris in New York, US
MOIC vs DCF for modelling returns

MOIC vs DCF for modelling returns

Speaking at the 8th SME Current Trends in Mining Finance conference in New York, US, Silver said the critical difference between them is that DCF centres around the time value of money, while MOIC does...

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