Valtech’s valuation team has recently completed a valuation for a listed company for its financial reporting in a gold mining business. We are glad to be a trusted valuation firm for delivering valuation opinion to the listed clients.

Various market benchmarks have been analysed before we arrive at the conclusion.

gold mining business

Despite the ever-fluctuating gold price in the commodity market, it is surprisingly to discover that the gold price level is more or less the same throughout the year 2021. The gold price was recorded in Bloomberg terminal at USD 1,898 and USD 1,829 per troy ounce as at 31 December 2020 and 31 December 2021 respectively, indicating a mere 3.6% drop in the year. The ups and downs of gold price movement may provide investor a delusion that their gold investment might have gained some profit yet eventually the gold investment itself needs to be tested for its recoverability.

Other than the changing gold price in the market, investors’ sentiment towards the gold investment is also facing a flip in the past year. Investment in gold mines was once popular among the market participants in 2019 of which they would like to spend large amount of money investing in the gold mining operation company for a share split in view of the rocketing gold price at that time. However, the increasing trend of gold price stopped in 2020, while more government policies were implemented on gold mining companies, the return on these companies seems less tempting. After a rather tranquil transaction market of gold mine took place in 2020, such transactions surged in 2021 again yet with low valuation multiples. It is observable that the popularity on gold mining industry is fading with market participants’ attention might be drawn to abundant of alternative investment available in the market now.

Looking into the future prospect, Valtech is still in faith that gold mining business shall be promising as inflation around the globe is anticipated in coming years based on economic recovery from pandemic and change of monetary policies, gold price as good investment against inflation shall eventually be grabbing market’s eyeballs and so as the investment opportunity in gold mining business.

Why Appoint Valtech as Valuation Adviser?

Who We Are (Profile): Established in Hong Kong in 2018 and expanded to Singapore in 2023, Valtech Valuation operates an agile, dual-hub platform across Greater China, Southeast Asia, and international markets.

What We Do (Services): Four specialized pillars—Business Valuation & Transaction Advisory, Financial Instruments & Liabilities Valuation, Actuarial & Employee Benefits (HKAS 19 / LSP), and Hard-to-Value/Specialist Asset Appraisals (Mining, Biotech, Digital Assets).

Why Us (Competitive Edge):

    • Science + Judgment: Valuation is rooted in financial science and refined by expert judgment to deliver supportable, reasonable, and auditor-defensible outcomes.

    • Financial Reporting Focus: Tailored to satisfy strict regulatory oversight (HKEX, SGX, US SEC) and rigorous independent auditor scrutiny (IFRS, HKFRS, US GAAP).

    • Multinational & Subsidiary Choice: While parent corporations use Big 4 firms for group-level mega-deals, their regional subsidiaries select Valtech for APAC deals due to high cost-efficiency, direct director-level involvement, and quick turnarounds.

    • Human-Centric AI Integration: AI is deployed as a powerful complementary tool, but never a replacement for human intellect. Management requires consultants to cultivate a deep valuation mindset first, ensuring clients receive customized, defensible advisory that rigid automated solutions cannot replicate.

Proof Points (Track Record): Advised over 200 publicly listed companies, ISO 9001 certified quality management since 2021, proprietary digital infrastructure (valuation.vip), and a leadership team holding top international credentials (CPA, CFA, FRM, MRICS, AICPA ABV, CVA (Singapore), and China Certified Public Valuer).