MINING COST SERVICE

Cost Model

Mine cost models are an invaluable tool for early order-of-magnitude cost estimates.
Costmine currently publishes 186 cost models in Mining Cost Service using first
principles based on typical mining criteria for rock densities, swell factors, drill
penetration rates, etc. Industry-standard estimating methods are used for equipment
selection, personnel allocation, and cost estimation.
The following cost model sample is an open pit mine producing 5,000 tonnes ore and 5,000 tonnes BUILDINGS PRIMARY SUPPLY REQUIREMENTS
waste per day. Rock characteristics for both ore and waste are typical of those granite or porphyritic Shop sq. meters 583 Diesel Fuel liter/day 4,751
material. Operating conditions, wage scales, and unit prices are typical for western U.S. mining operations.
All costs listed are in 2016 US$. The key design criteria, operating schedule, equipment, personnel, supply Dry sq. meters 244 Explosives kg/day 3,100
requirements and costs are listed below:
Office sq. meters 383 Caps #/day 33
Warehouse sq. meters 220 Primers #/day 29

5,000 TONNE PER DAY OPEN PIT MINE MODEL SAMPLE Anfo Storage Bin cu. meters 28 Drill Bits #/day 0.671
Det. Cord m/day 368
PRODUCTION DEVELOPMENT
Mine Type Surface Mine Preproduction Stripping tonnes 150,000
COST SUMMARY CAPITAL COSTS
Stripping Ratio 1:1 Haul Road Construction meters 2,841
Operating Costs Equipment Purchase $8,659,000
Ore Production tonnes/day 5,000
Supplies & Materials $/mt ore $0.88 Haul Roads / Site Work 934,100
Waste Production tonnes/day 5,000 HOURLY PERSONNEL REQUIREMENTS
Hourly Labor $/mt ore 3.27 Pre-production Stripping 461,400
Haul Distance meters Drillers 2
Equipment Operation $/mt ore 1.19 Buildings 322,200
Ore 1,532 Blasters 2
Salaried Labor $/mt ore 1.06 Electrical System 103,400
Waste 1,310 Excavator Operators  3
Miscellaneous $/mt ore 0.64 Sustaining Capital   1,751
Total Resource tonnes 18,720,000 Truck Drivers 8
Total Operating Costs $7.04 Working Capital   915,200
Hours per shift  10 Equipment Operators 7
Engineering 2,430,200
Shifts per day 2 Utility Operators 3
Contingency 1,573
Days per year 312 Mechanics  6
Total Capital Costs $20,049,200
Bench height meters Laborers/Maintenance   11
Total per Daily Tonne Ore & Waste $2,005
Ore 4.6 Total Hourly Personnel 42
Waste 6.72
Powder factor kg/mt SALARIED PERSONNEL REQUIREMENTS
Ore 0.33 Manager 1
OTHER MODELS IN MINING COST SERVICE
Waste 0.29 Superintendent 0
SURFACE MODELS UNDERGROUND MODELS
Foreman 2
Production: 250 to 90,000 tonnes/day Production: 200 to 45,000 tonnes/day
EQUIPMENT NUMBER SIZE Engineer 1
Stripping Ratios: 1:1 to 8:1 Access Types: Adit and Shaft
Hydraulic Shovels 1 3.4 cubic meter Geologist    1
Stope Types: Traditional Cut and Fill,
Front-end Loaders 1 3.8 cubic meter Environmental Specialist 2 Mechanized Cut and Fill,
PLACER MODELS Shrinkage Stoping, End
Rear-dump Trucks  6 41.0 metric ton Supervisor 2
Production: 100 to 1,000 cubic yards Slice, Vertical Crater Retreat,
Rotary Drills 2 20.00 cm Technician 2 per day Sublevel Longhole, Room
and Pillar, Sublevel Caving
Bulldozers 3 60 kW Accountant   0 Stripping Ratios: 1:1 to 8:1 and Block Caving
Graders 1 115 kW Clerk   1 Washing Plants: Mobile and Stationary
Water Tankers 1 9,500 liter Personnel   0
MILL MODELS
Service/Tire Trucks 3 1,800 kg gvw Secretary   2 GOLD HEAP LEACH MODELS Feed Rates: 20 to 80,000 tonnes/day
Bulk Trucks 1 450 kg/min Security   0 Loading Rates: 2,500 to 60,000 tonnes/day Mill Types: Flotation - 1, 2, and 3 concentrate
Light Plants 4 8.9 kW Total Salaried Personnel   14 Operations: Run-of-Mine or Crush- products
Pumps 2 14.9 kW Screen-Agglomerate Carbon-in-Pulp Mills

Pickup Trucks 5 680 kg Agitated Leach Mills

 Costmine is the industry standard for Mining Cost Estimation data and insight, specializing in
equipment, labor, supply, and mine development costs, along with cost models.

MINING COST SERVICE

Mining Cost Service (MCS) is the industry's standard reference for Mining Cost Estimation data,
trusted by leading mining companies and consultants worldwide.

Mining professionals, government regulators and educators rely on MCS for

PRE-FEASIBILITY STUDIES BUDGETING AND PLANNING SUPPLY CHAIN AND Appraisals, Property
Estimating capital and Costs for equipment PURCHASING Target pricing Evaluations, Acquisition Due
operating costs for a mine replacements and upgrades for purchases Diligence

The MCS contains cost data focused on

Equipment capital costs Transportation Cost indices and historical U.S. and Canadian based
metal prices labour, electric power and
Supplies Smelting and refining costs
natural gas costs

The MCS contains Cost Models that provide capital and operating cost insights for
Surface mines Placer mines Carbon-in-pulp Portable crushing operations.
Underground mines Milling, crushing, and Heap leaching
concentrating

OUR OTHER TOOLS COST ESTIMATION SOFTWARE

Costmine provides a wide range of mining cost datasets to
support your estimation needs.
MINE AND MILL EQUIPMENT ESTIMATOR’S GUIDE
The guide includes both capital costs and hourly operating
costs for over 3,000 pieces of equipment commonly found in
mines and mills around the world. Available as a report and
in an online interactive tool.
LABOR COMPENSATION REPORTS
The reports keep companies apprised of the current wages,
salaries and benefits for the U.S., Canada, Africa and Mexico.
GOLD HEAP LEACH COST ESTIMATING GUIDE
Key reference for estimating costs for mining, heap pad
Costmine has developed a set of proprietary Mining Cost
Estimation tools, underpinned with our industry standard cost
data. These tools are fully customizable and allow you to develop
an exceptional view of early stage capital and operating costs.
MINING CONSULTING
Our dedicated team of geologists and engineers bring decades
of international mining industry experience, spanning the full
mining cycle: from project generation and exploration through
mining, mineral processing, and reclamation.
Backed by an extensive and unparalleled in-house cost database
with 35+ years of history, this is a unique combination in the
industry that allows us to conduct prefeasibility-level cost
estimates and project evaluations with unprecedented reliability
and efficiency, allowing you to make better mine project
investment decisions.

costmine
construction, ore placing, gold recovery and reclamation.

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RECLAMATION COST GUIDE
100 N Mullan Rd Ste 102
The Reclamation Cost Guide brings together costs and
Spokane Valley, Washington
operations for reclamation activities into one handy
99206, USA
reference. It consists of a stand-alone sourcebook and a
guide to engineering standards and regulatory requirements.  509 328 8023  509 328 2028

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