Industrywide benchmarking of equipment performance has been challenging given a lack of standards. Golder and the Surface Mining Association for Research and Technology (SMART) launched a web-based benchmarking program in 2004 to assist participants in data standardization and monitoring performance metrics. This program allows participants to anonymously compare performance with similar operations. Canadian oil sand operators have used the program for more than a decade, and have adopted the Global Mining Guidelines Group (GMG) the program as a guideline for the worldwide mining community. The benefits of participation and the ongoing work to improve benchmarking methodology are discussed in this article.