Buying Used Mining & Processing Equipment

Ep. 40 Financing your Business
March 14, 2018
Value of New Mining Equipment
May 18, 2018

Buying Used Mining & Processing Equipment

There is always the risk of being stuck with a bad piece of equipment while trying to save on costs by investing into used equipment. Crownsmen Partners President Jerrod Downey and Director of Management and Training Gaudy Molina interview Jordan Downey, International Sales Manager at Savona Equipment  and President of Hy-G  concentrators to understand how buyers of used equipment can be careful.

“While buying used equipment, its important for clients to ask questions and be clear as to what they are getting. New is New, you have the parts available and you have all the warranties in place. Sometimes the used equipment is in good enough operating condition so it might not be worth it to rebuild the whole equipment. At Savona we try to be as honest about what we are supplying as possible” says Downey.

Apart from cost, the main reason why some mine operators choose to invest in used equipment is lead time. According to Downey “usually its a combination of delivery times and cost. New equipment can take up to 6 weeks or more to deliver.”

Savona Equipment is one of the leading suppliers of new and used mining and processing equipment based in Savona, British Columbia. The company supplies equipment to local mines in Canada and also to mine operators in US, Mexico and Europe.

Watch full podcast – Episode 7. New vs. Used Mining Equipment 

Read full industry report – New vs. Used Mining Equipment

Listen to the podcast – Episode 7. New vs. Used Mining Equipment 

Watch Interview with GHH CEO – Jan Petzold  

Listen to or Watch The Crowmsmen Podcasts to stay up-to-date on the latest technologies, challenges, opportunities, and government policies related to the industrial sector.

Read Crownsmen Industrial Reports or Watch Interviews with Industrial Leaders for in-depth insights into their industries, companies, and products.

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