Published:
AMC Consultants (AMC) is pleased to participate in the CIM Connect Convention and Expo 2024 taking place in Vancouver between 12-15 May, 2024. The conference will focus on the theme of “Brand Canada: Our Critical Advantage,” which will shine a spotlight on Canada’s unique role in the minerals, metals, and energy landscape globally.
As a worldwide consultancy, AMC is deeply dedicated to contributing to Canada's role in the global minerals industry. With two offices in Canada, we're firmly invested in its development. Meet our team at booth
#704 where Eric Frazier, Principal Mining Consultant at AMC, will present on the "Five key levers to improve margins and beat the cost-price squeeze."
With a strong emphasis on learning, knowledge sharing and professional development, the CIM Connect Conference aims to showcase the most innovative mining technology and services through this year's top-level panels and immersive experiences, including:
Time: 2:00PM
Date: Monday May 13, 2024
Presenter: Eric Frazier
Abstract: The high metal prices that have prevailed for most of the last decade have triggered a chase for production. This has compounded the fundamental scarcity in some key inputs, such as experienced and skilled labour, and has been pushing costs up over time. But recently, this has been accelerating, due, in part, to supply chain issues stemming from the COVID-19 pandemic; geopolitical factors, such as war; and, most recently, sky-high inflation. We are now seeing the prices for many minerals, while still relatively high, come off their recent peaks. The combined effect of increased costs and lower prices is squeezing margins.
Eric has more than 14 years of engineering experience in underground hard rock mining with an emphasis in mine planning, project evaluation and financial analysis. His expertise includes mine design, strategic planning, technical studies, and project management across multiple commodities. He uses a data-driven approach and his analytical mindset to tackle complex problems and produce clear and high-quality results.
Five key levers
This certainly isn’t the first time the mining industry has faced similar challenges. What is evident time and again is that the use of blunt instruments, such as cost-cutting and intensive productivity improvement programs, barely scratch the surface. They may deliver some short-term gains, but these are rarely sustained. The big opportunities are typically found by digging a little bit deeper into the key levers of performance to uncover the hidden value by mining smarter.
These opportunities typically don’t require big investment but do require a more sophisticated approach. Five key levers that can drive sustainable performance improvement address both sides of the cash flow equation—that is, costs and revenues. Miners can improve cash margins and reduce business risk by:
These five key levers are relatively low-cost to implement but will typically drive a significant uplift to the bottom line. And while this is particularly important when margins are under pressure, any time is a good time to initiate them.
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