Three Service Lines. One Sector.
Each Oreworth service is structured around a specific type of mining financial activity. Review what fits your current situation, then follow through to the detail page for a fuller picture.
Accounting Designed Around What Mining Actually Involves
Mining operations, mineral rights portfolios, and mine closure obligations each carry their own financial structure. Costs move differently, liabilities accumulate differently, and income comes from different sources depending on where a client sits in the resources cycle.
Oreworth's three service lines are each built around one of these situations. They aren't general accounting packages applied to a mining context — they are accounting methodologies that begin with mining as the starting point.
Below, each service is described in detail: what it covers, who it's designed for, and what you receive on a monthly basis.
- Monthly financial summaries in sector-specific language
- Scheduled review sessions to discuss the numbers
- Recordkeeping aligned to your operational data and reporting cycle
Mining Operations Accounting
Financial recordkeeping for active mining operations — covering ore extraction costs, processing expenses, equipment depreciation, and site-level overhead allocation. We track costs per ton extracted and maintain production-cost reports that align with operational output data.
Monthly financial summaries include cost variance analysis and comparison to mine plan projections. Designed for surface and underground mining operations across mineral types.
- Ore extraction costs and processing expense recording
- Equipment depreciation and site-level overhead allocation
- Cost-per-ton calculation aligned to production output data
- Monthly cost variance analysis against mine plan projections
- Suitable for surface and underground operations across mineral types
Mineral Rights & Royalty Accounting
Tracking of mineral rights interests, royalty income, and related obligations. We record production volumes, calculate royalty payments based on contractual terms, and reconcile operator reports against our records.
Includes management of multiple interest types — working, royalty, overriding — and preparation of annual income summaries for tax purposes. Suitable for mineral rights holders, royalty companies, and land trusts.
- Mineral rights interest tracking and royalty income recording
- Royalty payment calculation based on contractual terms
- Operator report reconciliation against your interest records
- Working, royalty, and overriding royalty interest management
- Annual income summaries suitable for tax preparation purposes
Mine Closure & Reclamation Cost Accounting
Accounting for asset retirement obligations and reclamation liabilities associated with mine sites. We track accretion of closure obligations, record reclamation expenditures as they occur, and reconcile the liability balance against estimated remaining costs.
Includes preparation of disclosures and coordination with environmental consultants on cost estimate updates. Designed for mining companies with active or pending closure obligations.
- Asset retirement obligation (ARO) accretion tracking
- Reclamation expenditure recording as costs are incurred
- Liability balance reconciliation against consultant cost estimates
- Closure liability disclosure preparation
- Coordination with environmental consultants on estimate updates
Service Lines Side by Side
| FEATURE | MINING OPERATIONS | MINERAL RIGHTS & ROYALTY | MINE CLOSURE |
|---|---|---|---|
| MONTHLY FEE | $4,000 USD / month | $2,500 USD / month | $3,200 USD |
| SUITED FOR | Active surface & underground mines | Rights holders, royalty companies, land trusts | Mines with active or pending closure obligations |
| PRIMARY OUTPUT | Cost-per-ton reports, mine plan variance | Royalty reconciliation, income summaries | ARO tracking, liability reconciliation, disclosures |
| DATA INTEGRATION | Production logs, extraction records | Operator statements, contract terms | Consultant cost estimates, expenditure records |
| REPORTING CYCLE | Monthly, aligned to production | Monthly + annual income summary | Ongoing, with periodic disclosure updates |
Which Service Fits Your Situation?
Mining Operations Accounting is the right fit if you're running an active extraction site and need financial records that accurately reflect what's happening on site — costs that move with production, and reports that your operations team and finance team can both read without interpretation.
- You have an active open-pit or underground mine
- You need cost-per-ton tracking and mine plan comparison
- Monthly financial summaries need to connect to production data
Mineral Rights & Royalty Accounting suits parties who hold mineral interests or receive royalty income and need that income tracked, reconciled, and reported accurately. Particularly useful when multiple interest types are involved or when operator statements need independent verification.
- You hold mineral rights or receive royalty income
- Multiple interest types require separate management
- Annual summaries needed for tax reporting purposes
Mine Closure & Reclamation Cost Accounting is the right fit for mining companies that have significant closure obligations building up on the balance sheet. If ARO accretion, reclamation expenditures, and liability reconciliation aren't being tracked as ongoing processes, the accounting gap compounds over time.
- Your mine has active or pending closure obligations
- ARO balances need to be current and accurately reconciled
- Environmental consultant estimates need to be integrated into the record
How an Engagement Begins
Initial Conversation
We talk through your operation, what's currently being tracked, and what reporting gaps exist. No commitment required — just a clear picture of where things stand.
Records Review
We review your current financial records, operational data, and reporting requirements. This gives us a baseline to work from and informs how the engagement structure will be set up.
Structure Setup
The accounting framework is built around your specific operation — cost categories, data feeds, and reporting format all configured before ongoing work begins.
Ongoing Recordkeeping
Monthly work proceeds on a consistent cycle. Reports delivered, reviewed together, and adjusted as your operation changes — without starting from scratch each time.
Not Sure Which Service Fits?
If your situation doesn't map neatly to one of the three service lines, or if you're dealing with a combination of operational accounting and royalty interests, reach out and describe what you're working with. We'll give you a direct answer on what makes sense.