Stripping Ratio Calculator
Calculate waste-to-ore ratio and break-even stripping ratio for open pit mine economics.
Inputs
t
t
$/t
$/t
$/t
Results
Stripping Ratio
5:1
Break-Even SR10.67:1
Economically Viable?Yes
Total Material6,000,000 t
All-In Cost/Ton Ore$33.00
Total Revenue$50,000,000.00
Total Cost$33,000,000.00
Net Value$17,000,000.00
How to Use This Calculator
- Enter waste tonnage (t) and ore tonnage (t) from the mine plan or block model.
- Set ore value per ton ($/t) and total mining cost per ton ($/t).
- Enter processing cost per ton ($/t) to calculate break-even stripping ratio.
- Review Stripping Ratio (waste:ore) and compare against Break-Even SR to assess project economics.
- Use Economically Viable (Yes/No) to make go/no-go decisions for open-pit mining phases.
How the result changes with Ore Tonnage
| Ore Tonnage | Stripping Ratio |
|---|---|
| 100,000,001 | 0.05:1 |
| 350,000,001 | 0.01:1 |
| 650,000,000 | 0.01:1 |
| 900,000,000 | 0.01:1 |
What each input means
- Waste Tonnage
- Total waste rock tonnage to remove
- Ore Tonnage
- Total economic ore tonnage
- Ore Value
- Gross revenue per ton of ore processed
- Mining Cost
- Cost to mine and haul one ton of material (ore or waste)
- Processing Cost
- Cost to process one ton of ore through the mill
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersWaste Tonnage = 5000000, Ore Tonnage = 1000000, Ore Value = 50, Mining Cost = 3 = 5 input(s) provided
- Calculate Stripping RatioStripping Ratio5 = 5
- Calculate Break-Even SRBreak-Even SR10.67 = 10.67
- Calculate Economically Viable?Economically Viable?Yes = Yes
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