Perenti’s Barminco Secures $500M Agnew Mine Contract

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

Perenti Limited’s subsidiary, Barminco, has secured a new contract valued at approximately AUD $500 million to continue underground mining operations at the Agnew Gold Mine for Gold Fields Limited. This contract, which extends Barminco’s long-standing relationship with Gold Fields, includes a three-year term with an option for a one-year extension, ensuring continued reliable earnings and reinforcing Perenti’s 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 Limited is a diversified mining services group listed on the ASX, with operations spanning 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: 1.98%

Average Trading Volume: 2,247,599

Technical Sentiment Signal: Buy

Current Market Cap: A$1.29B

Find detailed analytics on PRN stock on TipRanks’ Stock Analysis page.