Capital and operating costs

Capital costs (capex) are the upfront spending to build or expand a project, such as the plant, equipment and mine development. Operating costs (opex) are the recurring costs of running it, often quoted per tonne of ore or per unit of product.

Used in these articles

Related terms

Mining and resources

• Beneficiation
• Cost delta
• Critical mineral
• Mineral reserves vs. resources
• Pre-feasibility study
• Price torque
• Stranded asset
• Unpatented mining claim