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GR Engineering Services Ltd ( (AU:GNG) ) has shared an announcement.
GR Engineering Services has secured a $68 million EPC contract from Northparkes Mining Services, a subsidiary of Evolution Mining, for the Northparkes Coarse Particle Flotation Project in New South Wales. The plant upgrade, located 300 km west of Sydney, is aimed at increasing copper recovery and improving energy efficiency, with early works already underway and execution to be led by the company’s Brisbane office.
Management highlighted that this award follows GR Engineering’s successful completion of the Mungari Mill Expansion Project in 2025 and a recent large gold EPC project, reinforcing its relationship with Evolution Mining. The new contract is presented as an endorsement of GR Engineering’s process design and EPC delivery capabilities, supporting its position as a preferred contractor in the mining sector and potentially strengthening its project pipeline and revenue visibility.
The most recent analyst rating on (AU:GNG) stock is a Hold with a A$4.00 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 Ltd is an Australian engineering company that provides engineering, procurement and construction (EPC) services, primarily to the mining and minerals processing industry. The company delivers plant design, upgrades and expansions across key commodities such as gold and base metals, leveraging regional offices including a well-established Brisbane team to service major resource projects.
Average Trading Volume: 294,928
Technical Sentiment Signal: Buy
Current Market Cap: A$679.4M
Learn more about GNG stock on TipRanks’ Stock Analysis page.