Stockpile Management and the Implications to the Balance Sheet
Geologists have control on how stockpile’s metal balance is calculated which has a direct effect on the balance sheet.
Pit Info
Pit Info is a mine production tracking and reconciliation software. Pit Info ensures metal accounting compliance by tracking each tonne from the ore source right through to the waste dumps or processing plant. All transactions are recorded to ensure the highest level of database accuracy and trust. Pit Info was designed for Mining and Geology managers who believe in transparent metal accounting and reconciliation.
The Problem
Production tracking and reconciliation are difficult processes that involves multiple data sources and convoluted processes that often rely on Excel.
- Manual entry errors
- Convoluted and unauditable formulas
- No validation can cause metal imbalances when reconciling
- Average number of sources of data to reconcile monthly production
- 9
- Departments with input into reconciliation process
- 5
- Out of 10 spreadsheets contain an error
- 8
our Solution
Data management is critical for analyzing and optimizing your operation as well as reporting. Pit Info simplifies this consolidation into one platform
Surveys, density measurements, resampling, and EOM metal production all have flow through effects on claimed production going from the final product back to the ore source. Pit Info handles all of it.
Pit Info’s Modules
Reconciliation
Reconciliation is made easy with Pit Info. Configurable end-of-month workflows give managers the ease of mind that processes are being followed.
Pit Info has been developed to allow for maximum transparency and control. Any positive or negative variance with tonnage or metal can be back allocated to ore sources.
Geology & Mining
Pit Info was developed to allow for any and all information related to geology and mining to be captured, analyzed, and reported on.
Out-of-the-box, track dilution and ore loss at the dig block level and have full visibility on movements from ore sources and stockpiles.
Reporting
Customizable reports, exportable to Excel, pdf, word, and csv allows you and your team to spend more time on value-add activities.
Pre-configured reports are designed to unlock the maximum number of potential insights and provide more trust in the markets being reported to market.
Mobile Plant
Plant performance is effortlessly tracked with Pit Info. Comprehensive tools for monitoring downtime, utilization, availability, and productivity ensure that managers have a clear view of operations at all times.
Pit Info is designed for efficiency and transparency, empowering teams to optimize plant performance by identifying and addressing bottlenecks, maximizing uptime, and improving overall productivity.
Modern Web-Based Mine Reconciliation Software
Providing unparalleled control and visibility on claimed and reconciled mined and milled production
Gain instant visibility into mine production with modern reconciliation reporting. Pit Info delivers customizable daily, monthly, and year-to-date reports allowing Geologists, Engineers, and Managers to delve into compliance to forecast, call factors, and dilution trends. Mining executives and managers can rely on a single source of truth for production data, ensuring decisions are backed by accurate, auditable numbers.
Turn block models into actionable insights. Pit Info tracks tonnes, grade, and contained metal from each dig block, creating a clear link between geological plans and operational results. Leaders can measure compliance to plan, identify dilution early, and ensure that high-value ore is delivered to the mill without surprises.
Optimize stockpile management with real-time balances and accurate grade tracking. Pit Info records every stockpile movement, feeding strategy, and density update, providing reliable figures that stand up to financial audits. Reduce risk on the balance sheet and improve confidence in your quarterly reporting by knowing exactly what sits in inventory.
Bring consistency to mine-to-mill reconciliation. Pit Info standardizes how mined, surveyed, and milled tonnes are measured and compared, removing ambiguity and reducing contractor disputes. Executives gain confidence that reported production matches financial results, while operations teams benefit from transparent, repeatable processes.
The Time Saved from using Pit Info represents over a month of work each year
Gold operation dilution case
$1.7M revenue loss avoided by detecting issues earlier
Key Benefits
Customizable warnings and errors to suit your logic
Define site-specific rules with configurable warnings and error checks, reducing misreporting risk and ensuring your operational logic drives decisions.
Automatic distribution of multi-format reports
Save time with automated scheduling and distribution of reports in PDF, Excel, and CSV, giving stakeholders reliable data in preferred formats.
Out-of-the-box timestamps and auditing
Every entry is time-stamped and traceable, delivering instant auditability that strengthens compliance, improves accountability, and builds trust in reported numbers.
Strict workflows that ensure process integrity
Enforce standardized workflows across teams with built-in checks and approvals, ensuring consistent processes, reducing disputes, and maintaining operational discipline.
Integration with Power BI and third-party software
Seamlessly connect Pit Info with Power BI and other platforms, enabling advanced analytics, dashboards, and data sharing across your ecosystem.
Company-wide source of truth for all data production
Unify operational and financial data into a single reliable platform, providing leadership with accurate, consistent, and auditable information across the business.
Pit Info streamlines reconciliation by replacing clunky, error-prone Excel systems
| Excel | Pit Info |
|---|---|
| Difficult to validate calculate values and requires lots of manual work. | Preconfigured and customizable Warnings and errors for data input and calculated values |
| Only possible to see reconciliation factors at the pit or stage level | View the effect of stockpile surveys, and metal reconciliation down to individual truck movements |
| Excel is an inherently flexible software that does a poor job of enforcing work to be done in a certain order or way. | Configured workflows ensure that reconciliations happen as they should, including double checks and signoffs. |
| No visibility into who did what when | All transactions are recorded, including timestamps and user responsible. 100% clarity on people’s past roles in EOM. |
| Excel creates only static reports that can generate few insights | Pit Info is configurable to include dashboards or static reports. We allow third-party connection via API or direct to DB |
Your Operations, Backed Every Step of the Way
- Support offered in English, French, and Russian
- 24/7 support hours for urgent requests
- 99.9% availability for cloud-hosted options guaranteed
- ISO 27001:2022 certified
Contact us to see how Pit Info can transform your mine reconciliation process
Latest Blog Posts
View all Latest Blog Posts
Reconciled Metal Variance and the Implications to Royalties and Streams
Reconciliation can have a substantial impact on revenue for royalty and stream holders
Mine Reconciliation: A (simplified) Step-By-Step Guide
Reconciliation is complex in practice, but can be broken down into a simple series of calculations.
Introduction to Mine Reconciliation
Mine reconciliation allows mine operators to seek out improvement opportunities, potentially increasing revenue and reducing costs by millions.
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