Engagements

Assessment of fair market value of gold mining assets

In an international arbitration matter, CRA was retained to assess the fair market value of a company’s interest in gold mining assets. The mining operations consisted of producing, non-producing, and exploration properties. The fair market value of the operations was determined based on multiple approaches including the income approach (discounted cash flow), and a market approach (value of comparable assets) using values of publicly traded securities and values of transactions involving specific gold mining assets.