Perenti Secures A$1 Billion Contract with AngloGold Ashanti for Obuasi Mine

Perenti Global ( (AU:PRN) ) has shared an update.

Perenti Limited announced that its joint venture, African Underground Mining Services, has secured a five-year contract worth approximately A$1 billion with AngloGold Ashanti for underground mining services at the Obuasi Gold Mine in Ghana. This contract reinforces Perenti’s strong relationship with AngloGold Ashanti and highlights the reliability and value of its Contract Mining division, enhancing its industry positioning and stakeholder confidence.

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. The company is headquartered in Perth and operates across four continents, focusing on creating enduring value for investors, clients, employees, and communities.

Average Trading Volume: 2,306,383

Technical Sentiment Signal: Buy

Current Market Cap: A$1.31B

For a thorough assessment of PRN stock, go to TipRanks’ Stock Analysis page.