Effective unit cost management for mine production efficiency can be challenging in volatile markets where commodity prices fluctuate frequently. Maintaining unit cost targets can also be affected by fluctuations in electricity and fuel, ore variability and required mining methods, as well as labor costs.
Being subjected to various environmental, safety, and labor regulations, unit costs can also rise with the cost of complying with evolving regulations which often require investments in equipment, technology, and processes.
While prioritizing safety, sustainability and digital transformation initiatives often leads to long-term benefits and investment prospects, an initial increase in unit costs is also possible. Striking the right balance between cost management and change initiatives is, therefore, often a tricky feat for mining companies.
Continuously optimizing mining and processing operations to reduce waste, increase recovery rates, and improve overall efficiency can significantly decrease unit costs. At YCP Unison, our subject matter experts can work with your team to develop and implement the processes, systems and clearly defined KPIs to reinforce new ways of working and long-term behavior changes – allowing improved mine productivity to manage unit costs effectively.
Get in touch with us to discuss your strategy needs and how we can help you develop a plan to accelerate your growth.
We work with your teams at the mine site level, to problem-solve your biggest operational challenges.
