Projecting of the dewatering system of the open-pit mine “Buvač” (Republic of Srpska, Bosnia and Herzegovina) is based on the use of hydrodynamic model of groundwater regime. Creating the hydrodynamic model of the open-pit mine “Buvač“ was made in phases, which began by basic interpretation of collected data, along with schematization of the groundwater flow and flow conditions, and finally, forming and calibration of model. Hydrodynamic model was created as multilayer model with eight layers. Calibration of the hydrodynamic model is the starting point for making prognosis calculation in order to create the most optimal system of open-pit mine protection from groundwater. The results of model calibration indicated that the rivers Gomjenica and Bistrica, precipitation and inflow from karstified rocks are the primary sources of recharge of the limonite ore body “Buvač”.