Finance an Epiroc Pit Viper 351 blasthole drill. application-only programs reaching $400k, B/C credit considered, funding in 1-2 weeks. Get your quote today.
Availability drives production, and a Pit Viper 351 sitting idle for want of capital is tonnage that never leaves the bench. The PV-351 is Epiroc's largest rotary blasthole drill in the Pit Viper series, capable of drilling holes from 229 mm to 346 mm in diameter at depths exceeding 40 meters per pass. That capacity puts it squarely in large open-pit copper, gold, and iron ore applications where hole diameter and bit load directly govern blast fragmentation and downstream processing throughput. We structure financing for these machines the same way experienced pit operators think about their fleet: total cost of ownership, duty cycle, and the capital position that keeps the drill turning on schedule.
Our minimum is $50,000, with a sweet spot between $100,000 and $150,000 and up. New and used PV-351s both qualify. If the machine has equity,sale-leaseback financingcan release that capital while keeping the drill in your fleet. Purchases, refinances, and cash-out structures are all on the table. B and C credit histories are reviewed individually, not screened out automatically, because availability and revenue matter more than a credit score alone.
What the PV-351 Does in the Pit
The Pit Viper 351 uses a single-pass rotary system driven by a diesel or diesel-electric powerpack that delivers substantial rotary torque to large-diameter tricone or DTH bits. The machine rides on crawler undercarriage sized for the kind of bench angles and berm conditions you find in large open-cut operations. Its onboard EPIROC RCS (Rig Control System) handles hole navigation, feed pressure regulation, and can transmit production data to surface-level fleet management systems.
Where the PV-351 earns its keep is in copper porphyry and large gold operations where a single blast covers hundreds of meters of bench and the fragmentation curve from that blast sets the crusher throughput for the following week. Operators runningblasthole drill programsat scale need the PV-351 drilling on a defined pattern, hole after hole, with very limited downtime tolerance. A financing structure that puts the machine on a fixed monthly payment with a clear term gives the budget team exactly the predictability they need alongside the production schedule.
Epiroc's parts and service network covers major mining regions across North America, Latin America, Australia, and Africa, which matters when the next drill rod and bit package is a two-day lead time away from the nearest distribution center. Lenders who understand this context structure deals accordingly, rather than treating the machine like a generic piece of heavy iron.
New vs. Used PV-351: What Changes in the Finance Structure
A new Pit Viper 351 ordered from Epiroc carries the full factory specification and warranty package. Financing tracks the invoice price, and terms can extend to match the machine's expected duty cycle life. Used machines are more varied: a PV-351 that has completed a full rebuild with new rig control system hardware and fresh undercarriage is a substantially different risk than one with 18,000 hours and no recent component overhaul. We work withused mining equipment financingstructures that account for condition, remaining component life, and whether an independent inspection has been completed.
For used machines, independent condition reports or hourly logs from the RCS help substantiate value and reduce the documentation load on the buyer's side. If you are purchasing from a private seller or OEM dealer,private-party equipment purchase financingcovers that transaction structure. Sale-leaseback on a fully rebuilt used PV-351 can also unlock working capital tied up in the machine, particularly for contract drillers who own their fleet outright but need capital to bid the next project.
Timeline From Application to Funding
For requests up to approximately $400,000, the initial review runs on the application alone, without requiring full financials. That application-only path covers many single-machine PV-351 deals. Larger packages require three months of business bank statements. Either way, funding typically completes in about one to two weeks from a complete submission. The process: submit the application and equipment details, receive a term sheet, execute documents, and the funds transfer to the seller or your account depending on the deal type.
For operators in active open-pit mining districts, particularly those in Nevada's Carlin Trend or Arizona's copper country nearGlobe, AZandSafford, AZ, schedule pressure is real. The financing should not be the thing that delays a drill program. Our process is designed to move at the pace the pit demands.