Five Mining Equipment Products to Increase Productivity While Managing Costs

Written by Jon Hiltz at Agile Solutions

In today’s mining industry, having access to high-performance, cutting-edge equipment is crucial for success. However, the cost of acquiring heavy machinery can often be prohibitive. For mining companies looking to optimize their operations, financing can provide an ideal solution for obtaining necessary equipment without incurring a large upfront capital expenditure. 

Here are the top five mining equipment products that can be financed, to help companies increase their productivity while managing costs.

Excavators

Excavators are one of the most critical pieces of equipment in any mining operation. These powerful machines are used to dig, move, and transport large amounts of earth, rocks, and debris. Modern excavators come equipped with advanced hydraulic systems and customizable attachments, which allow them to tackle a variety of tasks ranging from digging trenches to clearing mining sites. 

The cost of a new excavator can range from $100,000 to several million dollars, depending on the size and capabilities. Financing options make it easier for mining companies to afford these high-cost machines, allowing them to upgrade their equipment without depleting cash reserves.

Drilling rigs

Drilling rigs are essential in both surface and underground mining operations for exploring and extracting minerals. These rigs are used to drill deep holes into the earth to locate valuable resources such as minerals, metals, and ores. From blast hole drills to rotary and percussion rigs, there are various types of drilling equipment suited for different mining tasks.

Drilling rigs can be a substantial investment, with prices reaching up to $1 million or more. Financing allows mining companies to lease or purchase these rigs without having to pay the entire cost upfront. With customized financing terms, mining operators can invest in modern, more efficient rigs to enhance their exploration and production activities while spreading the cost over a longer period.

Haul trucks

Haul trucks, also known as dump trucks, are critical for transporting large volumes of materials within a mining site. These trucks are designed to carry loads ranging from 40 tons to over 400 tons of mined material. With their massive size and robust engineering, haul trucks are built to withstand the extreme conditions of mining environments.

The cost of haul trucks can range from $500,000 to several million dollars, depending on size and features. Financing solutions provide a viable option for mining companies to upgrade their fleet of haul trucks or add new trucks as their operations expand. Financing packages can include flexible payment terms and even maintenance agreements, helping mining companies manage their cash flow while ensuring they have the transportation capacity needed to keep operations running smoothly.

Loaders

Loaders, such as front-end loaders and wheel loaders, play a vital role in mining operations by moving large amounts of materials, such as mined ore or waste rock, from one location to another. These machines are highly versatile and come equipped with a range of attachments, including buckets, forks, and blades, which can be customized for specific tasks.

New loaders can cost anywhere from $150,000 to $1 million, depending on the size and type. Financing these loaders allows mining operators to avoid the significant upfront costs and benefit from having modern equipment. Financing options can also help to preserve working capital, giving mining companies the ability to allocate resources to other areas of their operations while still acquiring the necessary equipment.

Crushing and screening equipment

Crushing and screening equipment is essential for processing mined materials. This equipment is used to break down large rocks and minerals into smaller, more manageable pieces, which can then be sorted, transported, and further processed. Crushers, screens, and conveyor systems are all part of the process to ensure the efficient handling of mined materials.

Depending on the complexity and size of the system, crushing and screening equipment can cost between $200,000 and $5 million. Financing solutions enable mining companies to acquire the latest technologies and systems without overwhelming their budgets.

If you are a mining equipment company and would like to offer your customers financing, Agile Solutions can help. We offer various types of loans, lines of credit, invoice factoring, and lots more. Further, we have some mines for sale in Canada right now should you be an interested buyer. 

For more information contact Jon Hiltz at finance@agilesolutions.ca.