Forecasting And Management Of Costs In Gold Mining Enterprises Based On Quantitative Economics Model

In recent years, due to the global economic crisis, China’s gold mining enterprises have been suffering a drop, especially in April 2013, the continuous rising gold prices over the past 20 years began to go down with the emergence of a turning point. The slump in gold prices has had a huge impact on the gold mining enterprises which lead to the severe profit squeeze, because the gold prices have been increasingly close to its costs, even lower than that of some gold mining enterprises. Thus, in modern market economic environment, the low-cost competition strategy is worth to be further improved for corporate managers. Through many years of exploitation, the survival and development of gold mining enterprises has encountered new challenges as consequence of sharply declining gold resources, more and more mining difficulties, poorer geological conditions year by year, as well as increasing production costs. Considering cost as a driving force of value creation, it is certain for the enterprises to implement cost leading strategy and reduce product costs, so as to making profits from cost management.This thesis mainly introduces how to manage and control the costs of mining enterprises by a series of financial management strategies. In addition, following the researches on comprehensive annual cost budget and profit index, this thesis deeply analyzes how to strengthen forecasting and monitoring costs through the cost index analysis model based on quantitative economics principles, which contributes to more scientific cost forecast and workable index evaluation system.First of all, the basic elements and the control emphasis of gold mining costs are introduced in this thesis. Second, this thesis emphasizes on the establishment and application of quantitative economics model through analyzing cost forecasting plans and how to put it into practice. Last, this thesis chooses one case as the target of researches, and gives a proposal of how to optimize cost forecasting and monitoring with quantitative economics model.In conclusion, based on the scientific data analysis model, a series of reform proposals, which involve analyzing cost management theories, assuring cost control direction, predicting the developmental trend of cost and profit, as well as increasing new economic growth points, will contribute to the achievement maximization of economic benefit.