EY
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Making good capital allocation decisions in a volatile market
Michael Samis, EY associate partner, Transaction Advisory Services, looks at making good capital allocation decisions in a volatile market.
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Staying a step ahead of cyber attackers
In the last eight years, there have been 10 large-scale cyber hacks at mining companies that have caused major damage, including significant data breaches. The bad news? The frequency of these types of attacks is increasing, and fending off hackers…
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THE MARKET: Volatility means cash is king for miners
VANCOUVER – Capital considerations dominate the top three business risks in the mining and metals sector, according to EY‘s Top 10 business risks facing mining and metals 2016-2017 report. “Much like our global counterparts, Canadian mining and metals companies are facing challenges…
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DIAMONDS: Gahcho Kue to pump $6.7B to NWT economy
NORTHWEST TERRITORIES – The newest diamond mine in Canada, Gahcho Kue near Lac de Gras, will pump $6.7 billion into the territorial economy during the life of the project, according to a report published by EY for De Beers Group…
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Agility in a volatile market can change the game
The mining sector right now is a lot like a sports match. As the game unfolds, changes in mindset and the agility of the players impact the outcome of the game. Right now, mining companies are up against a few…
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Preserving the ecosystem means preserving capital, naturally
Natural capital is one of the most valuable assets for mining companies. It provides the metals and minerals we seek, water during the extraction process and infrastructure to protect against flooding and droughts. But it’s hard to quantify with a…
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Making the most of exploration tax credits
Ensuring the quarterly books are in the black has been a challenge for several companies in the mining sector lately, especially with dipping commodity indexes and the resulting slower economy. But if your books are potentially drifting towards the red,…
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OUTLOOK: Canadian Mining Eye points toward surging sector in Q1
TORONTO – EY‘s Canadian Mining Eye index gained 26% during Q1 2016, significantly outperforming the S&P/TSX composite index and the London Metal Exchange. This is a large turnaround compared to just a 2% gain in Q4 2015. The index’s gains…
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Raising capital in times of distress
We’ve all heard the adage “cash is king,” but what can a company do to raise capital when the markets are effectively closed for business? The persistent down-cycle of the past five years has made raising external capital extremely challenging.…
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It’s time to innovate
Fundamentally, the traditional mining model of maximizing volumes at the expense of productivity during the good times countered with short-term, deep cost cutting during the bad times remains the norm. But the gradual process and technology improvements that happen during…
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Hackers are a Real Threat
Cyber hacking and the breach of information systems security is emerging as one of the top risks to the mining and metals sector. The threats are real and on the rise.