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...