Perenti Secures $120 million Contract for Nevada Goldrush Project

Highlights:

• $120 million U.S. Contract: Perenti secures its first underground mining contract in the U.S.
• Goldrush Project: Barminco will oversee underground development and ground support.
  Global Expansion: Strengthens Perenti’s foothold in the North American mining sector.

Major Milestone for Perenti in the U.S. Market

Perenti Limited (ASX: PRN) has achieved a significant milestone by securing its first underground mining contract in the United States, valued at $120 million. The agreement, awarded to its subsidiary Barminco, involves underground development and ground support services for Nevada Gold Mines at the Goldrush project in Nevada.

Contract Details and Timeline

The contract spans 36 months, with work set to commence this month. This project represents a major step in Perenti’s expansion into the U.S. mining sector. Nevada Gold Mines, a joint venture between Newmont Corporation (NYSE: NEM) and Barrick Gold Corporation (NYSE: GOLD), is one of the largest gold mining operations in the world.

Strategic Expansion and Future Growth

Perenti’s entry into the U.S. market aligns with its global growth strategy, reinforcing its position as a leading underground mining services provider. At the time of writing, Perenti's move is seen as a strategic win, boosting its international presence and strengthening its partnerships with industry leaders.

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