Perenti Limited (ASX:PRN) Secures First US Underground Mining Contract
Contract Details
Perenti Limited (ASX: PRN) announced that its underground mining business, Barminco, has signed a contract with Nevada Gold Mines for the Goldrush Project in Nevada, USA. The contract is valued at approximately AUD 120 million and spans 36 months from February 2025. Barminco will provide underground development and ground support services, utilising existing idle fleet without requiring new growth capital.
Executive Comments
Mark Norwell, Managing Director & Chief Executive Officer of Perenti, stated, “Securing the Goldrush underground project is an excellent achievement by our Barminco North America team. The Nevada Gold Mines JV is a leading gold mining complex, operating in areas with mining history since the mid-1800s. Fellow Perenti business, Swick has operated in the USA since 2009 and shared valuable experience with Barminco, demonstrating the combined strength of our group. Consequently, we are very pleased to be awarded this project and continue our strategic expansion into the North American market.”
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