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Young-Davidson Mine Canada

Young-Davidson has been designed and constructed as a highly productive, bulk tonnage underground mining operation supporting low-cost gold production. The underground mine is accessed via two shafts and a ramp system to a depth of 1,500 metres. The operation utilizes large modern equipment, high productivity bulk mining methods (long …

Cost-saving strategies in mine ventilation

85.9 kW per fan and the overall annual operating cost would be reduced to $117,470, representing a 22% decrease in energy operating costs. This recommendation was successfully carried out by the mine and, following this accomplishment, additional operating fans were modified to half-blade configurations,

Operating Costs for Miners II: Understanding and Reducing Mining …

Opening a new mine or expanding an existing operation can be a challenging and daunting task. This paper provides methodologies for operations and cost estimation. It is an update for the 2016 paper by mining engineer, Gary Poxleitner in SRK Canada.

About the Mine and Mill Equipment Cost Calculator

Utilize CostMine's current capital cost and hourly operating cost data for all of the items you select. Adjust the cost data to reflect local unit costs, currencies, operating …

Mine operating costs and the potential impacts of energy …

This paper provides a breakdown of operating costs in 63 mines by dividing them into three main categories: mining, milling, and general and administrative (G & A) …

Evaluating rules of thumb using conveyor costs

T he lowest ratio of conveyor transport operating costs to truck transport operating costs (excluding ownership costs) was about 0.26:1 for a scenario in which 15,000 t/d are ... Scott Stebbins, P.E., is president of Aventurine Mine Cost Engineering, and designed the Sherpa sotfware suite. He can be reached at aventsherp@aol. ...

The Cost of Mining

Technical Session | This paper will provide methodologies for operations and cost estimation. It will also provide some high-level benchmarks to compare your mine to other mine operations globally. It is an update for the 2016 paper by mining engineer, Gary Poxleitner in SRK Canada.

Prepared for: MeMO 2016

MeMO 2016 - Reducing Mining Costs and Value Optimization . ... It doesn't reflect how operating cost may change over life of project. It doesn't explore the relationship between operating cost and production rate. Functions/Activities with …

SIMPLIFIED COST MODELS for UNDERGROUND …

SHERPA uses standard, engineering-based cost estimating techniques to estimate capital and operating costs for proposed underground mines based on specific mine design parameters. All costs in 2019 US dollars.

Capital and Operating Cost Eestimation for Open Pit Mining …

Background information, formulae and a systematic set of procedures for estimating capital and operating costs for open pit mining equipment are presented in this paper. Firstly, equipment capital costs are required. These can be obtained from either suppliers, contractors or from first principles. The equipment is then divided into cost elements. …

Mining operating costs of open-pit and underground.

As it is clear in Fig. 2, in relation to an open-pit mine including 130 Mt of ore, mining operating cost is US$2.28 per each tonnage of produced ore. This operating cost is considered only during ...

SIMPLIFIED COST MODELS for UNDERGROUND MINE …

These underground mine models include labor, material, supply, and equipment operating costs at the mine site, including supervision, administration, and on-site management. Operating costs are subdivided into five categories: Equipment Operation Supplies Hourly Labor Administration Sundries .

How to Analyze Gold Mining Costs: In-Depth Guide

Operating a gold mining business is a complex and capital-intensive endeavor, with a myriad of expenses to consider. From the cost of mining equipment maintenance to the fuel and energy required for extraction, the financial realities of this industry can be daunting. However, savvy operators must also factor in labor and regulatory compliance, …

Mine operating costs and the potential impacts of energy

This paper provides a breakdown of operating costs in 63 mines by dividing them into three main categories: mining, milling, and general and administrative (G & A) …

pwc.au Productivity and Cost Management

Example: This approach can unlock significant cost benefits as indicated by initial analysis of limited data from an operating mine... Observations (fleet of 22 haul trucks) Operations Utilisation 71% (or equivalent to 16 haul trucks ) Effective operating time 52% (or equivalent to 11 haul trucks ) Maintenance

Statistical methods of estimating mining costs

Until it was defunded in 1995, the U.S. Bureau of Mines maintained a Cost Estimating System (CES) for prefeasibility-type economic evaluations of mineral deposits and estimating costs at producing and non-producing mines. This system had a significant role in mineral resource assessments to estimate costs of developing and operating …

How To Properly Use Cost Reporting In The Mining Industry

Total Production Costs include all the above costs plus: depletion & amortization and mine closure costs. The reason why Cash Operating Cost per ounce of gold was widely adopted by the industry is ...

Mining: Cost Curve Analytics Overview

Mining: Cost Curve Analytics. GlobalData's Mining Cost Curves database plots the major operating mines producing key minerals and metals according to their overall …

Canada's Suncor looks to cut high oil sands mine operating costs

Suncor Energy, Canada's second-largest oil producer, will focus this year on cutting operating costs in its oil sands mining business, CEO Rich Kruger said on Thursday, as the company continues ...

Key Components of Operating Costs in the …

Comprehensive Guide to Mining Industry Cost Estimation: Key Components and Insights 22 Jan 2024 Key Components of Operating Costs in the Mining Industry 15 Jan 2024 AllMinings

A New Cost Model for Estimation of Open Pit Copper Mine …

The total operating cost and capital cost of mining are calculated by using the proposed econometric model and verified by comparing the outputs with CostMine data and Sherpa software outputs for ...

Greens Creek | Alaska | Hecla Mining

Hecla's Greens Creek Mine in southeast Alaska is one of the largest and lowest-cost primary silver mines in the world, and it is the cash generating engine of the Company. In 2023, Greens Creek produced 9.7 million ounces of silver at an All-in Sustaining Cost (AISC), after by-product credits, per silver ounce of $7.14 (a non-GAAP measure ...

Reduction, control of operating costs in the mining

Reduction, control of operating costs in the mining, extractive industries. pcm_admin 02/11/2016, 4:01 pm 19/03/2020. O perational, financial and health and safety sustainability are directly linked to ensuring assets …

A cost management model for economic sustainability …

The management of operating costs is essential to the efficiency and economic sustainability of mining operations and nevertheless, most cost management systems in the minerals industry are designed only and exclusively to meet financial accounting and reporting needs and lack of focus on decision taking and continuous …

Operating Cost for Miners | SRK Consulting

This paper will investigate common methodologies of estimating operating costs for mines and present examples from actual operations and why those methods were selected. It will highlight why some methods are superior to others.

Understanding the operating costs of coal power: US example

The operating costs of coal units are complex and depend on many variables. Coal units are complex, long-life assets. ... while lignite plants are almost always located close to the mine. Figure 1 details the fuel cost of every operating coal unit in the US. Figure 1. Fuel costs of US coal units. Source: Carbon Tracker (2017)

Trends in underground mining for gold and base …

Regional trends. Latin America provides the largest run of mine by volume among commodities considered, followed by Oceania. Africa and North America rank highest in terms of operating …

Mine operating costs and the potential impacts of energy …

Download Citation | Mine operating costs and the potential impacts of energy and grinding | An understanding of the breakdown of mine costs is an important tool for researchers and developers who ...

Proper mine ventilation increases safety and can dramatically reduce costs

"Ventilation contributes to about 30 to 40% of the total energy operating costs in underground mines. So if you can reduce that by half, you're reducing your total operating costs ...

Mining Industry

Operating costs: Per ton basis (e.g., $2.50/ton for mining) Capital costs : Includes initial capital (construction of mine) and sustaining capital (ongoing equipment, etc.) Reclamation costs : Takes place at the end of a …