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Bridging the Gap: Optimization Metrics vs. an 800-year-old system for Tracking/Assessing Performance - What’s Missing and How You Can Fill the Void

Presented by Kay Sever

$45 Member | $90 Non-member | $10 SME Student Member

Is “be the best” in your vision statement but not a “measurable” part of day-to-day operations? To “be the best”, you must be able to identify and quantify 1) what “best possible” looks like and 2) weaknesses preventing you from achieving it. If you can’t measure these two things, you can’t optimize performance (even with equipment and systems designed for that purpose). Actuals in the general ledger help you achieve budget, but you can’t find metrics linked to “best possible” performance in the financial system because it was not designed to support optimization. You must know what to do to overcome this barrier and achieve the “best possible” result. Let’s begin by asking “how did we get here?”

To answer this question, I researched the history of financial systems. Sounds boring… but what I discovered will blow you away… a fascinating timeline involving the Renaissance, printing press, even Leonardo DaVinci!

  1. It all started in Venice… hidden history that changed the world.
  2. 800 years later, what does this “mismatch” mean to your optimization success?
  3. Why you can lose money without optimization metrics.
  4. Once you have the metrics, what doors do they open? What problems can be solved?


Kay Sever has 25+ years of experience working with mines and corporate offices to move beyond budget and achieve their "best" performance. She is a leading expert in Optimization Management strategies and tactics and has helped leadership teams capture over $100,000,000 in operating potential/savings over her consulting/coaching career. Kay has worked across the USA and in Canada, Chile, Peru, Bolivia and Australia. She has 100+ articles about management’s challenges with optimization and change in print. Kay is the author of "Building An Opportunity Culture - Addressing the Barriers That Steal Profits and Prevent Sustainable Change" (Book,2008)

Meeting Details:
Location: Live Webcast
Starts: 2/8/2024 10:00 am MT
Ends: 2/8/2024 11:00 am MT

Register Now

Contact SME
Email: cs@smenet.org
12999 E. Adam Aircraft Circle
Englewood, CO 80112
Phone: 303.948.4200
Fax: 303.973.3845


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Cut-Off Grade Calculations; A Fundamental Tool to Get Right Every Time

Presented by Scott Britton

$45 Member | $90 Non-member | $10 SME Student Member

This webinar examines the elements and use of the cut-off grade (COG) calculation in both greenfield and brownfield projects. Often, this tool is prepared and used as a deciding factor as mineral resources/mineral reserves are selected for the eventual mine plan. Ensuring the accuracy of the COG calculation is, therefore, very important in the long-term financial success (or failure) of any given mining project.

Generally, there is no single standard of COG calculation used in evaluating the mineral reserve base and the selection of the costs that are included can vary. This paper discusses the most important factors and why they need to be included in the calculation. The use of the COG factors will be discussed and examples provided which demonstrate the potential for differences when using the calculator.


Mr. Britton is a registered mining engineer and mining professional with over 35 years of hands-on experience in leading and safely managing underground/surface mining and milling operations. Successful experience in executing and safely managing large/small engineering and capital projects, performing mine financial analyses, mine and process engineering operations, community, social responsibility and business-related functions across North America in such diversified minerals as gold, silver, base metals, industrial minerals, coal and uranium.

Meeting Details:
Location: Live Webcast
Starts: 2/15/2024 10:00 am MT
Ends: 2/15/2024 11:00 am MT

Register Now

Contact SME
Email: cs@smenet.org
12999 E. Adam Aircraft Circle
Englewood, CO 80112
Phone: 303.948.4200
Fax: 303.973.3845


On-Demand

Search our extensive library of recorded webinars and access a topic of interest. Find more than 170 sessions ranging from rare earth minerals to HR issues, from health and safety initiatives to the future of gold, and many more.

$45 Member | $90 Non-member | $10 SME Student Member

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SME Webinar Sponsorship opportunity offers leading companies in mining, metallurgy and exploration the opportunity to collaborate with SME on current, innovative and influential trends in the mining industry.

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