Finance Epiroc mining equipment including Pit Viper 351 blastholes, Boomer M2 C drill jumbos, SmartROC D65, and Scooptram ST18 underground loaders. Quotes in 24 hours.
Drill pattern quality drives fragmentation, and fragmentation drives everything downstream: crusher throughput, conveyor loading, and mill feed. Epiroc built its product line on the understanding that drill performance is not just a hole-per-shift number but a determinant of the entire production chain's efficiency. The Pit Viper series for surface blasthole drilling, the Boomer line for underground development, and the SmartROC family for surface applications each address a specific point in the mining production cycle with engineering precision that general-purpose drill manufacturers cannot match.
Epiroc was spun out of Atlas Copco in 2018 as a standalone mining and rock excavation company, taking the Rock Drilling Tools and Mining Equipment segments with it. Operations that ran Atlas Copco equipment through the 2010s now run Epiroc when they upgrade. That continuity of brand DNA means lenders familiar with Atlas Copco's mining iron are generally comfortable underwriting Epiroc equipment as well, since the engineering lineage and parts ecosystem are closely connected.
We finance the core Epiroc mining lineup: thePit Viper 351 rotary blasthole drill, theBoomer M2 C twin-boom drill jumbo, theSmartROC D65 surface drill, and theScooptram ST18 underground loader. New and used equipment considered. Documentation-light process for deals under $400,000.
Epiroc Equipment That Drives Mining Production
The Pit Viper 351 is Epiroc's top-tier rotary blasthole drill for large open-pit mining. It drills holes from 270 to 444mm in diameter to depths exceeding 60 meters, which makes it the tool of choice for very large copper, coal, and iron ore open pits where pattern dimensions demand larger bore diameters and deeper holes than mid-tier drills can achieve. The Pit Viper platform has been refined through multiple generations; the current 351 includes automation capabilities through Epiroc's 6th Sense technology suite that can automate drill positioning and monitoring functions.
The Boomer M2 C handles underground development drilling in hard rock applications. The twin-boom configuration allows two holes to be collared and drilled simultaneously, which reduces the time-per-round in development drifting. The Boomer line is a direct descendant of Atlas Copco's development drill product family and benefits from decades of refinement in underground hard rock environments worldwide.
The SmartROC D65 addresses surface drill applications that do not require the rotary capability of the Pit Viper, using down-the-hole hammer drilling for smaller diameter holes in quarry, construction, and mid-tier mining applications. Its automation suite allows single-operator management of drilling patterns with electronic monitoring of rod handling and bit position.
The Scooptram ST18 is an 18-metric-ton underground LHD loader built for large drift profiles in underground hard rock operations. It competes directly with Sandvik's LH series in the high-capacity underground loader segment.
Where Epiroc Fits in North American Mining
Epiroc holds strong market position in underground hard rock mining across North America.Underground gold and silver operationsin Nevada, Idaho, and Alaska are heavy users of Epiroc development and production drill equipment. The Coeur Mining operations in the Silver Valley ofKellogg, Idaho, for example, represent the type of multi-level underground hard rock mine where Epiroc development and production equipment runs concurrently.
On the surface side, Epiroc's Pit Viper drills are common on large copper and coal operations. Thecoal mining regionsof Wyoming and West Virginia run Pit Viper units on overburden and coal seam drilling patterns. Copper porphyry operations in the Southwest use the Pit Viper 351 for pre-split and production holes in competent rock.
Contract drilling companies that provide drill-and-blast services to mines are a significant segment of Epiroc's customer base and a segment we work with frequently. These operations need financing that accommodates contract-based revenue streams, and our lenders understand that the equipment's revenue is tied to the contract term, not a continuous mining operation.Contract mining financinghas its own structural considerations, and we account for them.
Financing Terms for Epiroc Equipment
Epiroc surface drills and underground equipment span a wide price range. Smaller SmartROC units and used Boomer jumbos can fall within the application-only threshold of approximately $400,000. Pit Viper 351s and new Boomer M2 C units typically exceed that level and require bank statement documentation. Fleet packages combining multiple units are structured as single transactions where possible.
Terms run from 36 to 84 months depending on the unit, the credit profile, and the structure chosen. Shorter terms on newer high-value units protect against depreciation; longer terms reduce the monthly payment. We quote both and let the operation decide based on cash flow priorities.Equipment leasingis available alongside loan structures, and the lease option can make sense for operations that prefer off-balance-sheet treatment or have specific end-of-life plans for the equipment.
B and C credit is considered on Epiroc deals as on all mining equipment we finance. Down payment requirements increase as credit quality decreases, and terms may shorten. Operations with a strong contract backlog can sometimes offset weaker credit scores by demonstrating committed revenue. We work with lenders who look at the full operational picture.