Finance Sandvik mining equipment including DD422i drill jumbos, DL432i longhole drills, LH621i underground loaders, and Leopard DI650i surface drills. Quotes in 24 hours.
Underground hard rock mining runs on drill-and-blast cycles. How fast those cycles turn, how consistent the blast fragmentation is, and how efficiently the muck pile gets loaded and hauled out of the drift all determine the ore tons a level delivers per shift. Sandvik built its underground mining equipment line around those specifics. The DD series drill jumbos, DL series longhole drills, and LH series loaders are engineered to work together in the same cycle, which is why so many underground gold, copper, and silver operations run Sandvik throughout the development and production phases.
Financing Sandvik underground equipment requires lenders who understand the underground mining asset class. These are not surface construction machines; they work in environments that accelerate wear and require specialized maintenance programs. Lenders who know Sandvik iron understand that the RDS2 and iSURE automation systems on newer units add value by improving availability and blast outcomes, not just tech specs on a brochure. That knowledge shows up in how they price the residual.
We finance the full Sandvik underground and surface range: theDD422i twin-boom drill jumbo, theDL432i longhole drill, theLH621i underground loader, and theLeopard DI650i blasthole drillfor surface applications. New and used. Application-only up to approximately $400,000. Larger deals handled with full documentation.
Sandvik's Core Underground and Surface Equipment
The Sandvik DD422i is a two-boom electro-hydraulic drill jumbo built for development drifting in underground hard rock mines. It drills rounds in granite, basalt, and other competent rock types efficiently enough to anchor the development schedule of a new underground level or decline. The automation features on the i-series allow drilling to continue with reduced operator input during parts of the cycle, which improves overall utilization. Financing this unit alongside a loader and a haul truck in a fleet package is common; we can structure multi-unit transactions as a single deal.
The DL432i longhole drill handles production drilling in stopes, taking the bore holes that will be loaded with explosives to produce the ore fragmentation that drives underground production rates. A well-functioning longhole drill running at designed capacity is the throughput engine of an underground production level. The DL432i's drill string and feed system are designed for consistent hole quality in competent rock, which matters for blast outcomes downstream.
The LH621i underground loader is an electric-diesel LHD (load-haul-dump) with a 21-ton bucket payload capacity, sized for large underground development openings and production stopes. The LH series runs on diesel in most underground environments; the LHD's role is to muck the blast pile and load the underground haul trucks or passes that carry ore to the shaft or decline. Loader payload and cycle time directly determine level production rate.
On the surface side, the Leopard DI650i is a down-the-hole blasthole drill for open-pit and quarry applications, capable of drilling holes in the 127 to 203mm diameter range. It competes directly in the surface drilling market that Epiroc's SmartROC and Pit Viper units also address.
Financing Sandvik Alongside Epiroc and Atlas Copco Equipment
Underground mines do not always run a single brand. Many operations run Sandvik development jumbos alongsideEpirocproduction drills, or Sandvik loaders paired with underground haul trucks from other manufacturers. We finance mixed-brand fleets and can handle multi-unit deals where each unit is a different manufacturer without requiring separate applications for each machine.
The relationship between Sandvik and Atlas Copco is historically significant: Epiroc was spun out of Atlas Copco's mining and rock excavation business. Operators who have been runningAtlas Copco legacy equipmentmay be transitioning to Epiroc for newer units while financing existing Sandvik machines. We work across all three brands without preference, matching each unit to the lender best suited to that specific asset.
For operations runningunderground mining programsin Nevada, Alaska, or the hard-rock regions of the Mountain West, Sandvik equipment is a common choice for both development and production phases.Underground gold operations, particularly those using longhole open stoping, rely on Sandvik's DL-series drills as production workhorses.
What Qualifies for Sandvik Equipment Financing
The minimum transaction size we work with is $50,000. Most Sandvik mining equipment falls above that floor; a new LH621i or DD422i represents a multi-million-dollar investment, and used units in working condition trade in the hundreds of thousands. Transactions up to approximately $400,000 qualify for application-only financing with no financial statements required.
Equipment eligibility: new Sandvik units purchased from an authorized dealer, used units with documented maintenance history, and in some cases mine-ready units acquired from operations that are winding down or transitioning fleet. We do not require dealer-only sourcing; private-party and auction acquisitions are financeable with appropriate documentation.
Credit profiles from prime down to B/C credit are considered. Operators with challenging credit histories should expect larger down payments and shorter terms, but the transaction can often still be structured to make economic sense.Specialty credit optionsexist for situations where the credit profile is below standard thresholds but the equipment value and operational context support the deal.
Get a Sandvik Equipment Financing Quote
Send us the unit, the hours, the price, and your operation type. We return quotes within 24 hours. Underground and surface Sandvik deals both handled with the same process.