Perenti Secures A$1.1B Contract for Burkina Faso Mining Operations

The latest announcement is out from Perenti Global ( (AU:PRN) ).

Perenti Limited has secured a significant A$1.1 billion contract through its joint venture subsidiary, Underground Mining Services Burkina Faso SARL, to manage underground mining operations at the Siou and Wona areas of the Mana complex in Burkina Faso. This five-year contract with Endeavour Mining’s subsidiary, SEMAFO Burkina Faso S.A, underscores Perenti’s strong client relationships and commitment to local economic development, enhancing its market position in the mining industry.

The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.

More about Perenti Global

Perenti is an ASX-listed, diversified mining services group specializing in contract mining, drilling services, mining services, and technology solutions. Headquartered in Perth, the company operates across four continents, focusing on creating value and certainty for investors, clients, employees, and communities.

YTD Price Performance: 15.55%

Average Trading Volume: 2,108,783

Technical Sentiment Signal: Buy

Current Market Cap: A$1.46B

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