Mining Corp Dev/ Investor Relationship advice ?

Hello,

I’m a 3rd year at a respectable school in Canada studying finance but have a family history in mining.

I’m in a co-op program and did my first work term in global markets/fixed income. There isn’t job postings for these kind of internships but they do happen. My goal is to learn as much as possible about the industry and hopefully go into equity research further down the line.

My question is; which mining companies are most likely to bring on an intern ? is it a pre-ipo to help with cap raises, one that is growing in headcount ?… idk 

Any advice on which kind of companies to target or what areas they would appreciate the support of an intern.

Any advice helps,

thanks

 

Hey sonofabank, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:

More suggestions...

Fingers crossed that one of those helps you.

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Most Helpful

Suggest looking into the majors, they have more streamlined corp dev / IR functions. They're multi-asset multi-jurisdiction across all stages of development so the complexity makes it interesting. Also quite acquisitive, often have complex asset ownership structures like JVs, earn-ins, royalties etc. so interesting work.

You could also look at juniors but suggest avoiding pure play explorers. These companies are more focused on capital raising to develop the assets or drill down further, but given where the Canadian markets are, financing is getting more creative. Similar to the above, they're looking at JVs, earn-ins, royalties and the like. So work will also be more interesting.

The royalty companies are also interesting places, though you'll have to be a bit more plugged into mining technicals and fundamentals. Those firms are a good mix of geos, operational guys and former bankers/PE folk. 

If your family has a history in mining, def leverage those networks to land something. There are a lot of P.Engs, geos, mining operations folk that come out of b-school and the like that gun for these roles. Given the niche technical nature of mining, you'll be at a disadvantage so def push through the network if you can. 

In terms of prep, basics like learning how to read a resource statement, basic valuation metrics (P/NAV, EV/resource type stuff) and a strong understanding of commodity markets are really important. Everything else you learn on the job, including the modeling which can be quite technical on the operational builds. 

 

just curious do you know what pay is like for the majors in corp dev? not necessarily junior analyst but say mid-level to principal. don't seem too transparent and have always been curious

rabbit

Suggest looking into the majors, they have more streamlined corp dev / IR functions. They're multi-asset multi-jurisdiction across all stages of development so the complexity makes it interesting. Also quite acquisitive, often have complex asset ownership structures like JVs, earn-ins, royalties etc. so interesting work.

You could also look at juniors but suggest avoiding pure play explorers. These companies are more focused on capital raising to develop the assets or drill down further, but given where the Canadian markets are, financing is getting more creative. Similar to the above, they're looking at JVs, earn-ins, royalties and the like. So work will also be more interesting.

The royalty companies are also interesting places, though you'll have to be a bit more plugged into mining technicals and fundamentals. Those firms are a good mix of geos, operational guys and former bankers/PE folk. 

If your family has a history in mining, def leverage those networks to land something. There are a lot of P.Engs, geos, mining operations folk that come out of b-school and the like that gun for these roles. Given the niche technical nature of mining, you'll be at a disadvantage so def push through the network if you can. 

In terms of prep, basics like learning how to read a resource statement, basic valuation metrics (P/NAV, EV/resource type stuff) and a strong understanding of commodity markets are really important. Everything else you learn on the job, including the modeling which can be quite technical on the operational builds. 

 

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