In this paper, we consider an underground production scheduling problem consisting of determining the proper time interval or intervals in which to complete each mining activity so as to maximize a mine’s discounted value while adhering to precedence, activity durations, and production and processing limits. We present two different integer programming formulations for modeling this optimization problem. Both formulations possess a resource-constrained project scheduling problem structure. The first formulation uses a fine time discretization and is better suited for tactical mine scheduling applications. The second formulation, which uses a coarser time discretization, is better suited for strategic scheduling applications. We illustrate the strengths and weaknesses of each formulation with examples.