Barminco secures $192m contract for Barrick's Fourmile Project

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โดย Mining Technology·Read original
Summary · why it matters

Barminco, the underground mining division of Perenti, has secured a contract valued at A$275 million, or $192 million, to deliver mining services at Barrick Mining's Fourmile Project in Nevada. The agreement spans 45 months, with operations set to commence in July 2026. The Fourmile site, owned entirely by Barrick, is situated next to the Goldrush Project, where Barminco is already engaged with Nevada Gold Mines, a joint venture between Barrick, which holds a 61.5% stake, and Newmont, owning 38.5%. Under the newly signed contract, Barminco will initiate development of the twin Bullion Hill portals as part of an extensive 16-kilometer underground development, alongside ground support, surface facilities and other mining services.

Impact on stocks 2

Critical Materials & Supply Chain▲ · 2 stocks

Off-coverage companies 2

BarmincoPrivate▲ Positive
Demandrelevance

Barminco wins a $192m contract for mining services at Fourmile.

Perenti LimitedPrivate▲ Positive
Demandrelevance

Perenti's subsidiary Barminco secures a major contract, boosting revenue outlook.

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