Value-Driven Mining Reconciliation

Turn Mining Deviations Into Recovered Value

Detect reconciliation issues earlier. Understand why they happen. Quantify the value at risk. Resolve them before operational losses become permanent.

Many eyes.
In every corner of the mine.
A single source.
All data, in its right place.
Total trust.
Objective, consistent, and auditable.
Executive clarity.
The right perspective, at the right time.
Argus Mine in one minute

See the platform at work

From the 3D engine with the whole mine to the potential economic impact: what Argus Mine does, in one minute. Narrated in English, with subtitles.

Recorded on the platform with demo data.

Value at Risk

The value of a mine site
is lost before
anyone sees it.

The difference between what was planned and what was executed β€”dilution, overbreak, sequence delayβ€” doesn't disappear when nobody measures it: it accumulates, silently, until period close. Argus Mine turns it into an NPV figure, period after period, while there's still time to act.

The problem isn't the error β€” it's the delay in seeing it

Every mine site operates with a gap between the planned design and what actually happens on the ground. That gap always exists; the risk isn't that it exists, but that today it's detected late β€” at quarterly reconciliation, at period close, once the cost has already been taken.

You don't protect a mine site's value with more reports. You protect it by watching the gap between plan and reality before it becomes a loss.

An unreported overbreak, a dilution that grows unnoticed, a sequence delay that worsens month after month: individually, they're operational noise. Accumulated over a quarter, they're an NPV adjustment nobody can reverse anymore.

And it almost never surfaces in time:
  • Losses are rarely monetized month by month β€” tonnage gets compared to tonnage, not dollar to dollar.
  • There's no action plan sized to the real economic impact of each deviation.
  • Recovery efforts are organized by crew or shift, not by the value they represent.
  • Teams advance chasing ore and leave behind a waste void nobody sizes β€” until it becomes a geotechnical or equipment risk.
Operational Value at Risk
The gap between plan and execution, converted into an NPV figure β€” period by period, not at quarter close.
Control value, don't just record its destruction

The goal isn't to document how much value has already been lost. It's to show, period by period, how much value is still at risk and how much of it is recoverable if you act in time.

The cost of waiting

The longer you wait, the more value is exposed

Reconciliation latency turns an operational deviation into growing economic exposure β€” every day a problem goes undetected or unresolved, the value at risk keeps accumulating.

8.4Γ—

more exposure between day 1 and day 21 unresolved, in this example

Documented in reconciliation literature
Up to 30 days between the stope and the plant, measured with RFID in an underground gold mine
Xingwana (2016), Journal of the SAIMM β€” see Sources
$2M$4M$6MDay 1Day 3Day 7Day 14Day 21
$1.9MSeen at the next survey
$6.7MSeen at month-end close
+$4.8Mof extra exposure from seeing it late
Seen at the next survey Β· $1.9M Seen at month-end close Β· $6.7M +$4.8M of extra exposure from seeing it late

Illustrative example of how exposure grows while a deviation remains unresolved β€” not data from a real site.

The longer you wait, the more value is exposed β€” Illustrative example of how exposure grows while a deviation remains unresolved β€” not data from a real site.
DayUSD
1$0.8M
3$1.9M
7$3.2M
14$4.8M
21$6.7M

Closing the gap between detecting and resolving a problem is, itself, an operational KPI.

The value cycle

From deviation to recovered value

Argus Mine isn't a variance report. It's the system that connects plan, execution, and economics so every deviation ends in an action β€” and in recovered value.

1
Detect

Ground survey and continuous satellite monitoring (InSAR/SBAS + ICESat-2) cross design against actual execution on every AOI, without waiting for period close.

2
Explain

AI distinguishes operational cause (F1: mining outside design) from geological cause (F3: an over-promising block model) β€” and remembers whether it's a recurring pattern in that same area.

3
Quantify

Every deviation is translated into NSR and NPV, separating the impact already realized from the purely temporal cost of executing late: how many days separate plan from execution, and what that delay cost.

4
Resolve

The alert arrives with an action plan sized to the impact: priority, owner, and how much of that value is recoverable if acted on in time.

5
Verify

Every action is checked against the next period's real outcome β€” marking it "done" isn't enough; the system measures whether the value was actually recovered.

6
Learn

Every reconciliation is indexed for semantic recall β€” next time a similar pattern occurs, the system already knows whether the previous mitigation worked.

Where the value shows up

We don't sell time savings. Argus Mine translates every spatial deviation into economic impact, period by period, so the decision is made while it can still be corrected.

Per survey

Time
Reconciliation cycle

Monthly reconciliation is common industry practice. Argus Mine recalculates the period as soon as a new survey arrives: the cycle is set by the site's survey cadence, not by month-end close, and a drill-and-blast deviation can be corrected on the next shift.

Within the period

Precision
Overbreak and dilution in time
Open pit: overbreak, dilution and ore loss detected bench by bench, before the period closes.
Underground: overbreak and underbreak measured against the design solid.

In NPV

Margins
Impact in dollars, not tonnes
Open pit: plan non-compliance valued in NSR and NPV, separated from the cost of executing late.
Underground: the same NSR and NPV calculation on closed solids.

We don't publish generic improvement percentages: they depend on each site, and each site is measured against its own baseline.

Make the economics visible

A simple estimate, not a promise: adjust your operation's parameters and see the order of magnitude of value that closing your reconciliation gap could represent.

Mt/aΓ±o
$/t
%
%
Estimated annual exposure today
$28,000,000
Potentially recoverable value
$5,600,000
per year, based on the values you entered

Illustrative calculation based solely on the values you enter β€” not a financial projection or contractual commitment.

Phase 04 β€” Bench 320

Illustrative example
Planned
185 kt Β· 0.82% grade
Actual
171 kt Β· 0.71% grade
Value at Risk
-$4.8M
Result (example)
$2.0M recovered (65%)
Why?
  • 42% β€” Excavation outside design
  • 27% β€” Blast movement
  • 18% β€” Material misclassification
  • 13% β€” Other causes
Action

Modify the excavation boundary for the next period

Expected recovery
$3.1M

Illustrative scenario with example figures to show the product flow β€” not real customer data.

Academic backing

Delayed reconciliation has a documented cost

This isn't a product hunch. Mining engineering literature has documented for years that reconciliation shouldn't stop at comparing tonnes and grades β€” and that delays in detecting losses and dilution have measurable consequences across the entire mine-to-mill chain.

Independent academic studies cited as industry context β€” not Argus Mine customer case studies.

See all sources

FAQ

What Argus Mine is, in plain terms

What is Argus Mine?

Argus Mine is reconciliation software for metal mining β€” copper, gold and polymetallic operations, open pit and underground. It compares what was planned (mine design and block model) with what was actually executed (as-built surveys and satellite monitoring) and translates every deviation into tonnes, grade, NSR and NPV.

Who is it for?

For the teams accountable for the gap between plan and reality: site management, mine planning, resource geology, survey, mine control, processing and finance. Every deviation is attributed to the stage of the process where it originated, so it gets investigated by whoever can fix it.

Which reconciliation factors does it calculate?

Three widely used reconciliation factors whose definitions vary between companies; Argus Mine declares its own. F1 (mine vs. plan) measures whether the design was mined as intended; F2 (plant vs. mine), whether what was mined reached the plant; and F3 (plant vs. plan), how well the block model predicts what is actually processed. This separates operational accountability from geological accountability.

What data does it need?

Mine designs in DXF, as-built topographic surveys in DXF or GeoTIFF (for example, from drones) and the block model with grade and NSR per block. Optionally, grade control samples to refine grades and measured plant tonnage for an independent F2.

Does it replace Vulcan, Datamine, Deswik or Leapfrog?

No. Argus Mine works on top of the designs and block model your planning and modelling software already produces. It does not estimate resources or classify reserves (JORC, NI 43-101); it provides the actual production evidence that classification needs to stand over time.

How much value is your mine leaking today?

Every day a deviation goes undetected, unexplained, or unresolved, the value at risk keeps growing. Start by seeing it.

No commitment.