VANDRICO

Tag-Out Cost Calculator
For Underground Mine Operations

Calculator Overview

This tool will help you calculate the true cost of miners forgetting to tag out. It uses 12 simple input fields and should take 2-3 minutes to complete. After you hit calculate for the first time, you can adjust these numbers and watch live updates to the calculation. Enjoy!



COST OF LOST PRODUCTION
Annual Mine Production
oz
Ore Selling Price
$
/ oz
Life of Mine
years
Number of Production Days per Year
days
Number of Production Hours per Day
hours
Estimated Number of Forgotten Tags per Year
times
Lost Production per Incident
Additional Information Required...
Lost Production per Year
Additional Information Required...
Lost Production per Life of Mine
Additional Information Required...

COST OF IDLE WORKFORCE
Average Number of Underground Workers Per Shift
workers
Average Full Burden Annual Compensation of Underground Worker
$
/ year
Cost of Idle Workforce per Hour
Additional Information Required...
Cost of Idle Workforce per Incident
Additional Information Required...

COST OF DISCIPLINARY ACTION
Is Forgetting to Tag Out a Firable Offence?
Number of Warnings Before Disiplinary Action
warnings
Cost to Find & Replace Skilled Worker
months
What is your role at the mine?

Associated Cost of Replacing an Underground Worker
Additional Information Required...

ROI CALCULATOR ASSUMPTIONS
Average Blast/Production Delay Due to a Forgotten Tag
hours
Number of shifts per day
shifts
Average Non-Producing Hours Per Shift (travel time from surface to face)
hours
NPV Discount Rate
%

RESULTS
Each time a Worker Forgets to Tag Out, It Costs Your Mine
Additional Information Required...
Total Cost Per Year
Additional Information Required...
Total Cost Over the Life of Mine
Additional Information Required...
The Average Cost of Hardware & Installation of Vandrico's Solution
$ 50,000
The Average Annual Cost of Support & Maintenance
$ 24,000
Payback Period
Additional Information Required...
Internal Rate of Return (IRR)
Additional Information Required...
Net Return on Investment
Additional Information Required...