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Open pit strip mining requires a lot of mine planning effort to provide quality product at lowest cost possible. Appropriate approach and mine planning methods facilitate this task and add value to the business. Many approaches can be taken when planning a stratified open pit project for the first time. The best method allows the mine planner to work with the deposit’s unique characteristics.
The Red Lake Mine is the richest gold mine in North America with over 5 million ounces of reserves and a 2004 production of over 550,000 ounces of gold at a cash cost of US$92 per ounce.
Learn MoreMining dilution affects the economy of mining projects in many ways. Investigate the difference of using variable versus fixed factors in this case study.
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