System and method for continuous monitoring and calculating of mining production cost indices

A non-transitory computer-readable storage medium including instructions that when executed by a processing device, cause the processing device to perform operations comprising:

• receiving a plurality of data feeds from external data sources, wherein the plurality of data feeds comprise cost component data associated with mining production operations;
• validating the cost component data to generate validated cost component data;
• normalizing the validated cost component data to generate normalized cost component data having a standardized data format;
• calculating a weighted composite value based on the normalized cost component data, wherein each cost component is assigned a weighting factor representing a relative contribution to total mining production costs;
• comparing the weighted composite value to a baseline composite value established during a reference time period;
• generating a current cost index value based on a ratio between the weighted composite value and the baseline composite value;
• storing the current cost index value in a database;
• and
• outputting the current cost index value to one or more user devices.

A system comprising:

• a memory to store instructions;
• and
• a processing device operatively coupled to the memory, the processing device to execute the instructions to perform operations comprising:
• receiving a plurality of data feeds from external data sources, wherein the plurality of data feeds comprise a plurality of portions of cost component data associated with mining production operations;
• validating the plurality of portions of cost component data to generate validated cost component data;
• normalizing the validated cost component data to generate normalized cost component data having a standardized data format;
• calculating a weighted composite value based on the normalized cost component data, wherein each portion of cost component data is assigned a weighting factor representing a relative contribution to total mining production costs;
• comparing the weighted composite value to a baseline composite value established during a reference time period;
• generating a current cost index value based on a ratio between the weighted composite value and the baseline composite value;
• storing the current cost index value in a database;
• and
• outputting the current cost index value to one or more user devices.