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life of mine

   Also found in: Acronyms 0.04 sec.
life of mine [′līf əv ′mīn]
(mining engineering)
The time in which, through the employment of the available capital, the ore reserves‒or such reasonable extension of the ore reserves as conservative geological analysis may justify‒will be extracted.


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Further drilling of remaining inferred resources will resume after the completion of the reserve update and a new Life of Mine plan.
6 million reversal of a valuation allowance on Boroo's capital assets, related to the new life of mine plan
Approximately 92 percent of the life of mine output has already been sold under long term contracts to various consumers.
 
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