GR Engineering named preferred EPC contractor for $225m Tower Hill gold project

GR Engineering Services Ltd ( (AU:GNG) ) has provided an update.

GR Engineering Services Limited has been appointed preferred contractor by Genesis Minerals Limited for an engineering, procurement and construction contract at the Tower Hill Gold Project near Leonora in Western Australia. The company will design, procure, construct, install and commission a new gold processing facility with a capacity of about 4 million tonnes per annum.

The prospective contract is valued at approximately $225 million, with around $20 million of critical-path long lead items to be ordered imminently and finalisation of the EPC contract expected by March 2026. Management described the appointment as a strong endorsement of GR Engineering’s gold-sector capabilities and positioned the project as a significant contribution to Genesis Minerals’ growth strategy, underlining GR Engineering’s role in major regional gold developments.

The most recent analyst rating on (AU:GNG) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on GR Engineering Services Ltd stock, see the AU:GNG Stock Forecast page.

More about GR Engineering Services Ltd

GR Engineering Services Limited is an Australian engineering and contracting firm specialising in the design, procurement, construction and commissioning of processing facilities for the resources sector. The company has a strong track record in delivering engineering, procurement and construction projects, particularly in the gold industry in Western Australia.

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Technical Sentiment Signal: Buy

Current Market Cap: A$872.7M

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