A Segmented Reconciliation Matrix Approach to Monitor Gold Operations and Reserve Estimation

Mine reconciliation is seen, for many, as a test of the quality of model estimates, while in fact it should be seen as a powerful tool for detecting and correcting problems in each step of mining operations, from resource estimation to metal production. Adequate reconciliation practices allow a more efficient control of the mining processes; however, its results can be illusory unless all parties involved have been in compliance with the principles of sampling correctness. This paper presents a new, segmented reconciliation matrix, which is based on the Theory of Sampling (TOS), developed to monitor gold operations and reserve estimation.