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Develop Global Limited ( (AU:DVP) ) has shared an announcement.
Develop Global has secured a A$200 million underground mine development contract from OceanaGold to establish access tunnels at the 1.2-million-ounce Waihi North gold project on New Zealand’s North Island. The five-year agreement, commencing in the first half of 2026, will see Develop mobilise and build a local workforce supported by its specialist underground mining team, reinforcing the company’s Mining Services division and deepening its relationship with a major multinational producer, thereby strengthening its position in the global contract mining market.
The most recent analyst rating on (AU:DVP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
More about Develop Global Limited
Develop Global Limited (ASX:DVP) operates in the mining services sector, specialising in underground mine development and leveraging an in-house team of highly experienced underground mining specialists. The company focuses on providing contract mining and development services to major resource producers, enhancing project execution through technical expertise and workforce mobilisation capabilities.
Average Trading Volume: 1,700,773
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.34B
Find detailed analytics on DVP stock on TipRanks’ Stock Analysis page.