Chrysos (ASX:C79) has entered a master services agreement with Newmont (NYSE:NEM) to use the Chrysos PhotonAssay technology at the major’s gold mining projects.
The company will install an initial unit at Newmont’s Ahafo mine in Ghana in the first half of the 2026 financial year.
The agreement has an optional renewable five-year term, and requires Newmont to pay a fee per sample and agree to a minimum monthly payment scheme in exchange for this technology.
Chrysos says the PhotonAssay is a fast and reliable analysis tool of certain commodities including gold, silver and copper, that is designed to aid Newmont with its environmental footprint and overall efficiency in operations.
Every sample analysed reduces carbon dioxide (CO2) emissions and produces less hazardous waste.
Through its technology so far, Chrysos has reduced CO2 emissions by 7,300 tonnes and hazardous waste by 4,919 tonnes.
CEO Dirk Treasure says the company is continuing its strategy of converting the world’s biggest gold miners to PhotonAssay.
“We are pleased to see top and mid-tier producers adopting our technology at their projects, a trend that will only accelerate as we continue to penetrate the global mining market,” Treasure says.
Newmont is a gold exploration company that produces a range of commodities, with assets across mining jurisdictions in Africa, Australia, North America and South America.
Chrysos is a software company creating scientific technologies to aid the global mining industry.
Write to Maddison Elliott at Mining.com.au
Images: Chrysos
