Economic Studies
Every Economic Studies metric Pulse tracks — 88 metrics across 10 groups
Study identity
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| Study type (Asset · Per scenario) | Classifies the study by purpose and rigour, read from document content rather than the title. Example: Feasibility Study Options: scoping, pea, pre_feasibility, feasibility, expansion, optimisation, mine_plan, operating_guidance, other | enum | UI column · UI sort · UI detail · API (v1) · MCP | |
| Source kind (Asset · Per scenario) | Whose model produced the scenario's figures: the code-compliant technical study document itself (study), the owner's restatement of it on any other carrier (study_restatement), or a third party's own model — broker research, consensus, independent-expert DCF (third_party_model). Third-party models never enter the asset's peer-ranked headline; the study outranks its own restatement in election. UI column: Source Kind (Economic Studies table). Blank on rows extracted before the field. Example: Study Restatement Options: study · study_restatement · third_party_model | string | UI column · UI sort · UI detail · API (v1) | |
| Scenario label (Asset · Per scenario) | The case the figures belong to, as the document names it. Example: $95/lb U3O8 | string | UI column · UI sort · UI detail · API (v1) · MCP | |
| Base case flag (Asset · Per scenario) | Whether this scenario is the study's primary case rather than a sensitivity. Example: true Options: true, false | boolean | UI column · UI sort · UI detail · API (v1) | |
| Effective date (Asset · Per asset × effective date) | The date the study's economics are stated as of. Example: 2021-02-22 | date | UI column · UI filter · UI sort · UI detail · API (v1) · MCP | |
| Effective date stated? (Asset · Per scenario) | Whether the document stated the study's effective date (true) or the publication date was assumed as a fallback (false) — an assumed date is wrong by construction for a restated study. Blank on rows extracted before the field. Example: TRUE | boolean | — | |
| Published date (Asset · Per scenario) | Publication date of the document the scenario was extracted from. Example: 2021-02-23 | date | UI column · UI filter · UI sort · UI detail · API (v1) · MCP |
Reporting basis
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| CapEx ownership basis (Asset · Per scenario) | Whether the capital figures are the 100% project cost or the reporting company's equity share. Example: 100% Options: 100_percent, attributable | enum | UI column · UI detail · API (v1) | |
| NPV ownership basis (Asset · Per scenario) | Whether the NPV figures are the 100% project figure or the company's equity share. Example: 100% Options: 100_percent, attributable | enum | UI column · UI detail · API (v1) | |
| Ownership interest fraction (Asset · Per scenario) | The reporting company's stake in the project as the study states it. Example: 0.2 | number | fraction 0–1 | UI detail · API (v1) |
| Reporting currency (Asset · Per scenario) | Currency the study reported its capital and NPV figures in. Example: CAD Options: ISO 4217 codes from Pulse's currency registry | enum | UI detail · API (v1) | |
| Study-stated FX rate (Asset · Per scenario) | The USD conversion rate the study itself assumed, when it printed one. Example: 0.75 | number | USD per 1 unit of [Reporting currency] | — |
Returns
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| Reported pre-tax NPV (Asset · Per scenario) | Pre-tax net present value as reported by the study. Empty when the study prints a range; see the range bounds. Example: 5,577,000,000 CAD | number | [Reporting currency] (whole units) | UI column · UI sort · UI detail · API (v1) |
| Reported pre-tax NPV range (low / high) (Asset · Per scenario) | The two figures of a pre-tax NPV range the study printed under one set of assumptions. Example: 6,730,000,000 CAD | number | [Reporting currency] (whole units) | UI column · UI sort · API (v1) |
| Pre-tax NPV USD (100%) (Asset · Per scenario) | Pre-tax NPV converted to USD and grossed to a 100% project basis for cross-asset comparison. Example: 1,923,000,000 USD | number | USD (whole units) | UI detail · API (v1) |
| Reported post-tax NPV (Asset · Per scenario) | After-tax net present value in the currency and on the basis the study reported. Empty when the study prints a range; see the range bounds. Example: 3,465,000,000 CAD | number | [Reporting currency] (whole units) | UI column · UI sort · UI detail · API (v1) |
| Reported post-tax NPV range (low / high) (Asset · Per scenario) | The two figures of an after-tax NPV range the study printed under one set of assumptions (for example C$6.73–7.27 billion). Example: 6,730,000,000 CAD | number | [Reporting currency] (whole units) | UI column · UI sort · API (v1) |
| Post-tax NPV USD (100%) (Asset · Per scenario) | The cross-asset comparable NPV — converted to USD and grossed to a 100% project basis. A USD figure the study printed is used as printed; any other is converted at the study's own stated FX rate, else the daily rate on or before its effective date. A printed range converts its midpoint. Example: 2,598,750,000 USD | number | USD (whole units) | UI column · UI sort · UI detail · API (v1) · MCP |
| Discount rate (Asset · Per scenario) | Discount rate the study used to compute its NPV. Example: 8% | number | fraction 0–1 (displayed as %) | UI column · UI sort · UI detail · API (v1) · MCP |
| IRR post-tax (Asset · Per scenario) | After-tax internal rate of return for the scenario. Example: 52% | number | fraction (displayed as %); can exceed 1 for high-margin projects, capped at 10 | UI column · UI filter · UI sort · UI detail · API (v1) · MCP |
| IRR pre-tax (Asset · Per scenario) | Pre-tax internal rate of return for the scenario. Example: 65% | number | fraction (displayed as %); can exceed 1 for high-margin projects, capped at 10 | UI column · UI sort · UI detail · API (v1) |
| NPV terms (Asset · Per scenario) | Whether the NPV is on a real (constant-dollar) or nominal (inflation-escalated) basis. Example: Real Options: real, nominal | enum | UI column · UI detail · API (v1) · MCP | |
| NPV by discount rate (Asset · Per scenario) | Post-tax NPV at each discount rate the study publishes, as reported. Example: 5%: US$1.2B; 8%: US$0.9B | text | [Reporting currency] (whole units) | UI column · UI detail · API (v1) |
| Post-tax NPV tax basis stated (Asset · Per scenario) | Whether the study printed the post-tax NPV's tax basis; false means the source gave no pre/post-tax basis and the NPV is shown as assumed post-tax. Example: false → "$2.8B (assumed)" Options: true, false, null (not recorded) | boolean | UI column · UI detail · API (v1) · MCP | |
| Post-tax IRR tax basis stated (Asset · Per scenario) | Whether the study printed the post-tax IRR's tax basis; false means the source gave no pre/post-tax basis and the IRR is shown as assumed post-tax. Example: false → "−10.20% (assumed)" Options: true, false, null (not recorded) | boolean | UI column · UI detail · API (v1) · MCP |
Capital cost
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| Reported Initial CapEx (Asset · Per scenario) | Upfront development / build capital as reported. Empty when the study prints a range; see the range bounds. Example: 1,299,900,000 CAD | number | [Reporting currency] (whole units) | UI column · UI sort · UI detail · API (v1) |
| Reported Initial CapEx range (low / high) (Asset · Per scenario) | The two figures of an initial capital range the study printed (for example US$1.6–1.8 billion). Example: 1,600,000,000 USD | number | [Reporting currency] (whole units) | UI column · UI sort · API (v1) |
| Initial CapEx USD (100%) (Asset · Per scenario) | Initial capital normalized to USD on a 100% project basis — the comparable build cost. Converted at the study's own stated FX rate, else the daily rate on or before its effective date. A printed range converts its midpoint. Example: 974,925,000 USD | number | USD (whole units) | UI column · UI sort · UI detail · API (v1) · MCP |
| Reported Sustaining CapEx (Asset · Per scenario) | Life-of-mine sustaining capital as reported. Example: 362,400,000 CAD | number | [Reporting currency] (whole units) | UI column · UI sort · UI detail · API (v1) |
| Sustaining CapEx USD (100%) (Asset · Per scenario) | Life-of-mine sustaining capital normalized to USD on a 100% project basis — the comparable figure AISC reconstruction builds on. Example: 48,100,000 USD | number | USD (whole units) | UI detail · API (v1) |
| Reported Closure CapEx (Asset · Per scenario) | Closure and reclamation capital as reported. Example: 69,500,000 CAD | number | [Reporting currency] (whole units) | UI column · UI sort · UI detail · API (v1) |
| Closure CapEx USD (100%) (Asset · Per scenario) | Closure and reclamation capital normalized to USD on a 100% project basis. Example: 37,900,000 USD | number | USD (whole units) | UI detail · API (v1) |
| Total CapEx (Asset · Per scenario) | Total life-of-mine capital for the scenario. Stated when the source prints a combined total, otherwise derived as initial + sustaining + closure — the convention 70.5% of stated totals follow. Empty when the study prints a range; see the range bounds. Example: 560,800,000 USD (derived) | number | [Reporting currency] (whole units) | UI column · UI sort · UI detail · API (v1) |
| Total CapEx range (low / high) (Asset · Per scenario) | The two figures of a life-of-mine capital range the study printed. Example: 1,600,000,000 USD | number | [Reporting currency] (whole units) | UI column · UI sort · API (v1) |
| Total CapEx USD (100%) (Asset · Per scenario) | Total life-of-mine capital normalized to USD on a 100% project basis. The secondary Stated / Derived label identifies whether the total came directly from the source or was rolled up from initial, sustaining and closure capital. Example: 535,000,000 USD (derived) | number | USD (whole units) | API (v1) · MCP |
Revenue & EBITDA
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| Reported LOM Revenue (Asset · Per scenario) | Total life-of-mine gross revenue as reported by the study, or its net revenue or NSR when the study prints no gross figure. Example: 2,400,000,000 CAD | number | [Reporting currency] (whole units) | API (v1) |
| LOM Revenue USD (100%) (Asset · Per scenario) | Total life-of-mine gross revenue (or net revenue / NSR when the study prints no gross figure) normalized to USD on a 100% project basis. Example: 1,800,000,000 USD | number | USD (whole units) | API (v1) |
| Reported LOM EBITDA (Asset · Per scenario) | Total life-of-mine EBITDA as reported by the study. Example: 1,050,000,000 CAD | number | [Reporting currency] (whole units) | API (v1) |
| LOM EBITDA USD (100%) (Asset · Per scenario) | Total life-of-mine EBITDA normalized to USD on a 100% project basis. Example: 787,500,000 USD | number | USD (whole units) | API (v1) |
| Reported Avg Annual EBITDA (Asset · Per scenario) | Average annual EBITDA as reported by the study; the EBITDA Window metric identifies a stated averaging period, while a blank window means the average is life-of-mine-wide. Example: 105,000,000 CAD | number | [Reporting currency] (whole units) | API (v1) |
| Avg Annual EBITDA USD (100%) (Asset · Per scenario) | Average annual EBITDA normalized to USD on a 100% project basis; the EBITDA Window metric identifies a stated averaging period. Example: 78,750,000 USD | number | USD (whole units) | API (v1) |
| EBITDA averaging window (Asset · Per scenario) | Averaging window in years behind the annual EBITDA figure ("first 10 years" = 10); blank when the average is LOM-wide. Example: 10 | number | years | UI column · UI detail |
Study costs
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| LOM AISC (Asset · Per scenario) | Life-of-mine AISC elected from one economic-assessment scenario's eligible source statements. An explicit LOM election displays the reported value alone; an eligible statement with no reported period adds (assumed LOM) as a secondary qualifier. Explicitly windowed figures stay in Unit Costs and never populate this comparable. UI: LOM AISC in the Economic Studies table and Overview & Trends. Sorting and filtering use USD per kg of the commodity's canonical species (elemental; TREO for rare earths). Example: $1,696/oz (assumed LOM) | number | Source unit displayed; canonical USD/kg of canonical species (elemental; TREO for rare earths) | UI column · UI filter · UI sort · UI detail · API (v1) |
| LOM C1 cash cost (Asset · Per scenario) | Life-of-mine C1 cash cost elected from one economic-assessment scenario's eligible source statements. An explicit LOM election displays the reported value alone; an eligible statement with no reported period adds (assumed LOM) as a secondary qualifier. Explicitly windowed figures stay in Unit Costs and never populate this comparable. UI: LOM C1 in the Economic Studies table and Overview & Trends. Sorting and filtering use USD per kg of the commodity's canonical species (elemental; TREO for rare earths). Example: $400/t (SC6) (assumed LOM) | number | Source unit displayed; canonical USD/kg of canonical species (elemental; TREO for rare earths) | UI column · UI filter · UI sort · UI detail · API (v1) |
| LOM total cash cost (Asset · Per scenario) | Life-of-mine total cash cost elected from one economic-assessment scenario's eligible source statements. An explicit LOM election displays the reported value alone; an eligible statement with no reported period adds (assumed LOM) as a secondary qualifier. Explicitly windowed figures stay in Unit Costs and never populate this comparable. UI: LOM Total Cash Cost in the Economic Studies table and Overview & Trends. Sorting and filtering use USD per kg of the commodity's canonical species (elemental; TREO for rare earths). Example: $879/oz (assumed LOM) | number | Source unit displayed; canonical USD/kg of canonical species (elemental; TREO for rare earths) | UI column · UI filter · UI sort · UI detail · API (v1) |
| Economic-assessment unit costs (Asset · Per scenario) | Every unit-cost statement of the scenario as reported (AISC, AIC, C1, C2, C3, total cash cost), each labelled with currency, denominator, product and period, life-of-mine figures first. UI column: Unit Costs (Economic Studies table). The typed LOM AISC / LOM C1 / LOM Total Cash Cost columns carry the elected comparable. Example: AISC $1,447/oz (LOM) · AISC $1,265/oz (Years 1 to 5) · C1 $1,317/oz | string | Source units displayed verbatim | UI column · UI detail · API (v1) |
Project parameters
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| Mine life (Asset · Per scenario) | Projected life of mine for a scenario; Overview shows the current primary record of the maintained latest economic summary. Example: 11 | number | years | UI column · UI sort · UI detail · API (v1) · MCP |
| Payback period (Asset · Per scenario) | Time to recover the initial capital investment. Example: 0.9 | number | years | UI column · UI sort · UI detail · API (v1) |
| Study LOM Production (Asset · Per scenario) | Total life-of-mine output the study projects, as reported. Example: 1,836 koz Au | number | As reported (koz, kt, Mlb, …) | UI column · UI detail · API (v1) |
| Study LOM Production (kg) (Asset · Per scenario) | Life-of-mine output normalized to kilograms of the commodity's canonical species (elemental; TREO for rare earths). Example: 57,106 kg Au | number | kg of canonical species | API (v1) |
| Study Avg Annual Production (Asset · Per scenario) | Average annual output the study projects, with its averaging window when stated. Example: 150 koz Au over first 10 years | number | As reported | UI column · UI detail · API (v1) |
| Study Avg Annual Production (kg) (Asset · Per scenario) | Average annual projected output normalized to kilograms of the commodity's canonical species (elemental; TREO for rare earths). Example: 4,666 kg Au | number | kg of canonical species | API (v1) |
| Study Production Basis (Asset · Per scenario) | What the projected output counts — payable, recovered or contained metal, or saleable product. Blank when the study does not state it. Example: Recovered metal Options: Payable metal, Recovered metal, Contained metal, Saleable product | enum | UI column · UI detail | |
| Reported Undiscounted After-tax Cash Flow (Asset · Per scenario) | Total life-of-mine after-tax cash flow before discounting. Example: 7,012,400,000 CAD | number | [Reporting currency] (whole units) | UI column · UI sort · UI detail · API (v1) |
| Undiscounted After-tax Cash Flow USD (100%) (Asset · Per scenario) | Life-of-mine cumulative undiscounted after-tax net cash flow of the study scenario, converted to USD (at the study's own stated exchange rate, else the daily rate at its effective date) and grossed up to a 100% project basis. Can be negative. Blank when no exchange rate is available, or when the study reports an attributable figure without stating the ownership interest. Example: $2,410,000,000 | number | USD | UI column · UI sort · API (v1) |
| Head grade (Asset · Per scenario) | Life-of-mine average head grade of the mill feed, as reported by the study. Example: 1.45 g/t Au | string | Reported grade unit | UI column · UI detail · API (v1) |
| Process recovery (Asset · Per scenario) | Life-of-mine average metallurgical recovery of the primary payable product. Example: 92% | number | fraction (displayed as %) | UI column · UI sort · UI detail · API (v1) |
| Strip ratio (Asset · Per scenario) | Life-of-mine waste-to-ore strip ratio for open-pit studies. Example: 4.2 | number | ratio | UI column · UI sort · UI detail · API (v1) |
| Throughput (Asset · Per scenario) | Steady-state ore processing rate assumed by the study. Example: 4.0 Mtpa | number | tonnes per annum | UI column · UI sort · UI detail · API (v1) |
| Corporate tax rate (Asset · Per scenario) | Corporate income tax rate applied in the study's economic model. Example: 30% | number | fraction (displayed as %) | UI column · UI sort · UI detail · API (v1) |
| Royalties (Asset · Per scenario) | Royalty and levy assumptions as stated by the study. Example: 2% NSR to the state | text | UI column · UI detail · API (v1) | |
| First production (Asset · Per scenario) | The study's stated target date for first production. Example: 2028-06-30 | date | UI column · UI sort · UI detail · API (v1) |
Price deck
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| Priced commodity (Asset · Per scenario × price quote) | Which commodity a price assumption in the scenario's deck refers to. Example: Uranium Options: Commodity registry (Gold, Silver, Copper, Uranium, Lithium, …) | enum | UI detail · API (v1) | |
| Assumed price (Asset · Per scenario × price quote) | Commodity price assumed by the scenario, preserving the quote unit exactly as reported. Unsupported denominators remain visible as denominator unavailable rather than being inferred. Example: 50 | number | Price-deck currency per canonical denominator; raw quote preserved | UI detail · API (v1) |
| Priced product (Asset · Per scenario × price quote) | The chemical species the priced product is expressed in, when the study names it. Example: U3O8 Options: u3o8, lce, lhm, spodumene_sc6, … (compound-species registry) | enum | UI detail · API (v1) | |
| Price in USD per kg contained (Asset · Per scenario × price quote) | The price assumption normalized to USD per kilogram of the commodity's canonical species (elemental; TREO for rare earths) — the comparable figure. Converted at the study's own stated FX rate, else the daily rate on or before its effective date. Example: 129.99 USD/kg | number | USD/kg of the commodity's canonical species | UI detail · API (v1) |
| Currency scale (price quote and unit cost) (Asset · Per scenario × commodity) | Denomination a price assumption or unit cost is printed in; the value stays as printed. "cents" means the figure is in hundredths of its currency (¢, c/lb, USc/lb); the comparable USD/kg already applies it. Example: 230.5 with cents = US$2.305/lb Options: units, cents | enum | UI detail · API (v1) |
Provenance & quality
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| Source document (Asset · Per scenario) | Deep link to the source publication at the page the figures were read from. Example: https://pip-documents-storage-prod.s3.eu-north-1.amazonaws.com/raw/sedar/000032993/03176807_759669b52614d7f8.pdf#page=46 | link | UI column · UI detail · API (v1) · MCP | |
| Source count (Asset · Per asset × effective date) | How many distinct publications reported this asset's study for that effective date. Example: 7 | integer | UI column |
Asset benchmarking
| Metric | Description | Type | Unit | Availability |
|---|---|---|---|---|
| Latest study NPV | Post-tax NPV from the asset's most recent base-case study, in comparable USD. Example: 1,512,000,000 USD | number | USD (whole units) | UI column · UI filter · UI sort · UI detail · API (v1) · MCP |
| Latest study NPV post-tax qualifier | "assumed" when the headline study's post-tax NPV was printed without a pre/post-tax basis; null otherwise. Example: assumed Options: assumed | enum | UI column · API (v1) · MCP | |
| Latest study build CapEx | Comparable build capital from the latest base-case study: non-zero initial CapEx is preferred, otherwise non-zero Total CapEx is used and the served label identifies the selected basis. Example: $480 M Initial CapEx | number | USD (whole units) | UI column · UI filter · UI sort · UI detail · API (v1) · MCP |
| Latest study IRR | Post-tax IRR from the asset's most recent base-case study. Example: 25% | number | fraction (displayed as %); can exceed 1 for high-margin projects, capped at 10 | UI column · UI filter · UI sort · UI detail · API (v1) · MCP |
| Latest study IRR post-tax qualifier | "assumed" when the headline study's post-tax IRR was printed without a pre/post-tax basis; null otherwise. Example: assumed Options: assumed | enum | UI column · API (v1) · MCP | |
| Latest study LOM AISC | Life-of-mine AISC from the asset's latest elected base-case study. Uses the same explicit-versus-assumed period presentation as LOM AISC. UI column: Study LOM AISC (Mining Assets table, Economics group). Sorting and filtering use USD per kg of contained element. Example: $1,696/oz (assumed LOM) | number | Source unit displayed; USD/kg contained element canonical | UI column · UI filter · UI sort · MCP |
| Latest study LOM C1 cash cost | Life-of-mine C1 cash cost from the asset's latest elected base-case study. Uses the same explicit-versus-assumed period presentation as LOM C1 cash cost. UI column: Study LOM C1 (Mining Assets table, Economics group). Sorting and filtering use USD per kg of contained element. Example: $400/t (SC6) (assumed LOM) | number | Source unit displayed; USD/kg contained element canonical | UI column · UI filter · UI sort · MCP |
| Latest study LOM total cash cost | Life-of-mine total cash cost from the asset's latest elected base-case study. Uses the same explicit-versus-assumed period presentation as LOM total cash cost. UI column: Study LOM Total Cash Cost (Mining Assets table, Economics group). Sorting and filtering use USD per kg of contained element. Example: $879/oz (assumed LOM) | number | Source unit displayed; USD/kg contained element canonical | UI column · UI filter · UI sort · MCP |
| Latest study unit costs | Every unit-cost statement of the asset's latest elected base-case study as reported, each labelled with currency, denominator, product and period, life-of-mine figures first. UI column: Study Unit Costs. The typed Study LOM AISC / LOM C1 / LOM Total Cash Cost columns carry the elected comparable. Example: AISC $1,447/oz (LOM) · AISC $1,265/oz (Years 1 to 5) · C1 $1,317/oz | string | Source units displayed verbatim | UI column · UI detail · MCP |
| NPV-to-CapEx ratio | Capital efficiency of the headline study — NPV divided by initial CapEx. Example: 0.95 | number | ratio | UI column · UI sort · API (v1) · MCP |
| Latest study type | Rigour class of the study behind the asset's headline economics. Example: Feasibility Options: scoping, pea, pre_feasibility, feasibility, expansion, optimisation, mine_plan, operating_guidance, other | enum | UI column · UI sort · UI detail · API (v1) · MCP | |
| Latest study date | Effective date of the study behind the asset's headline economics. Example: 2024-08-01 | date | UI column · UI filter · UI sort · UI detail · API (v1) · MCP | |
| Latest study undiscounted after-tax cash flow USD (100%) | Life-of-mine undiscounted after-tax cash flow of the elected study, normalised to USD on a 100% project basis. Example: $1,914,000,000 | number | USD | UI column · MCP |
| Latest study head grade | Life-of-mine average head grade of the mill feed, per the asset's latest elected study. Example: 1.45 g/t Au | string | Reported grade unit | UI column · MCP |
| Latest study recovery | Life-of-mine average metallurgical recovery assumed by the asset's latest elected study. Example: 92% | number | fraction (displayed as %) | UI column · MCP |
| Latest study strip ratio | Life-of-mine waste-to-ore strip ratio per the asset's latest elected study. Example: 4.2 | number | ratio | UI column · MCP |
| Latest study throughput | Steady-state ore processing rate assumed by the asset's latest elected study. Example: 4.0 Mtpa | number | tonnes per annum | UI column · MCP |
| Latest study tax rate | Corporate income tax rate applied in the asset's latest elected study. Example: 30% | number | fraction (displayed as %) | UI column · MCP |
| Latest study first production | The latest elected study's stated target date for first production. Example: 2028-06-30 | date | UI column · MCP |