When digging a pit, one way to prevent the walls from collapsing inward under pressure is to make them less steep, so they slant outward like the sides of a cone. A good rule of thumb is to make the hole three times wider than its depth.
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Suppose you were to try digging through the Earth, and that the planet was all solid. (We know that it’s not, but this is the simplest scenario.) The depth of a hole all the way through the planet would be equivalent to Earth’s diameter, which is just a name for a line that passes straight through the center of a circle. So your hole would need to be about three times as wide as the diameter of the Earth in order for it to be stable.
Clearly, this is an impossible task that would completely alter the planet’s shape.
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That’s roughly how open pit mining works. In some mines, you start with a pit, but later make a mine shaft if you need to go even deeper.
A pit is relatively cheap to start with, but it becomes more expensive as you go deeper. Eventually, a traditional mine shaft becomes cheaper than continuing with a pit.
If you have a ridiculously deep mine shaft, you begin to run into various problems like walls collapsing and the temperature increasing. There can also be lots of water you need to pump out constantly.
Eventually, the shaft becomes so deep and the problem so large, that continuing becomes a nightmare. That’s why even the deepest mines aren’t really that deep considering how thick the tectonic plates are.