Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Perenti Global ( (AU:PRN) ) has issued an announcement.
Bellevue Gold has awarded Barminco, a Perenti Group company, a four-year underground mining contract at the Bellevue Gold Mine in Western Australia, valued at about A$850 million and commencing on 1 August 2026, with an option for a 12‑month extension. The contract follows a competitive tender, includes detailed transition planning and performance incentives for both Barminco and outgoing contractor Develop, and is designed to ensure a smooth handover, stable production and a disciplined cost base while leveraging Barminco’s extensive underground mining experience.
For Perenti, the win backfills capacity from a large Australian contract ending in June 2026, enabling a seamless redeployment of people and equipment, strengthening its position in the WA underground mining market and reinforcing its role as a leading service provider to major gold producers.
The most recent analyst rating on (AU:PRN) stock is a Hold with a A$2.35 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 Global, through its Barminco subsidiary, operates in the contract mining services industry, specialising in underground mining operations for gold and base metal producers. Barminco has a strong presence in Western Australia, servicing multiple major mines and leveraging its scale, fleet and technical expertise to secure long-term contracts in key resource regions.
Average Trading Volume: 2,866,949
Technical Sentiment Signal: Buy
Current Market Cap: A$1.83B
Learn more about PRN stock on TipRanks’ Stock Analysis page.