Perenti to Conclude Operations at Khoemacau Copper Mine

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

Perenti Limited announced that its underground mining business, Barminco, will conclude operations at the Khoemacau Copper Mine in Botswana by June 30, 2025. The decision follows financial performance at Khoemacau not meeting internal targets, prompting a focus on maintaining commercial discipline. The company will sell all equipment to MMG Limited, the mine’s owner, as part of the contract conclusion. Despite the financial outcome, Perenti praised the operational achievements and the legacy of training local mine operators, ensuring a smooth handover to the client.

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 enduring value and certainty for investors, clients, employees, and communities.

YTD Price Performance: 13.48%

Average Trading Volume: 3,700

Technical Sentiment Signal: Sell

Current Market Cap: $792.1M

For an in-depth examination of PRN stock, go to TipRanks’ Stock Analysis page.