The Revenue Factor (RF) is a fundamental parameter in open-pit mining, crucial for defining the economic pit limits under variable commodity price scenarios. It provides a systematic approach to evaluating the interplay between price fluctuations and the economic feasibility of extracting ore, enabling precise optimization of pit geometry, cutoff grades, and resource recovery strategies. Formula: Revenue Factor (RF) = Simulated Commodity Price / Assumed Market Price of Commodity Applications in Pit Optimization: RF = 1: Represents the base-case scenario, defining the economic pit limit based on assumed market prices. RF > 1: Simulates elevated commodity prices, expanding the pit shell as lower-grade ore becomes economically mineable. RF < 1: Reflects reduced commodity prices, contracting the pit shell since only higher-grade ore sustains profitability. Technical Insights: RF is integral in cutoff grade optimization and economic pit shell generation. It facilitates the delineation of economically recoverable resources, balancing grade-tonnage relationships under varying market conditions. RF-driven scenarios support sensitivity analysis, providing a robust framework to evaluate project resilience against price volatility. By incorporating RF into pit design workflows, mining engineers can achieve optimized resource recovery, enhance project economics, and adapt to dynamic market trends.