What are the main risks that face Miranda and how are they handled?
During the exploration stage of a project, the risk is always linked to mineral occurrence – this risk is mitigated through Miranda’s widely diversified portfolio of prospects and permits. During the development stage of a project, risks are linked to the so-called four “C’s”, namely construction, completion, commodity and currency. The first two operating factors are managed through appropriate, pro-active project management. The latter two factors represent financial risks. Decisions concerning hedging these risks will be made on a commercial, project-by-project basis once the economics of a project have been established and the project is closer to commissioning date.
