Gold miner Regis Resources (ASX:RRL) has extended the current contract with Perenti’s (ASX:PRN) underground mining business Barminco for the Duketon Operations in Western Australia.
The contract comprises the Rosemont and Garden Well underground mines in the Goldfields region of Western Australia.
Perenti, which has a market capitalisation of $1.26 billion, says the alliance style agreement with Regis provides long-term visibility and certainty for both parties.
The initial contract, which had a three-year term, was extended until 30 March 2028 and is valued at $180 million.
Perenti President of contract mining Gabrielle Iwanow says Regis is one of Australia’s leading gold producers and Perenti has developed strong working relationships at Duketon.
“Having recently visited both Garden Well and Rosemont to spend time with the team and see the quality of operations, I’m pleased that Regis and Barminco have agreed to extending the alliance for an additional year,” Iwanow says.
Perenti is a diversified global mining services group focused on contract mining, drilling services, mining support services, and technology solutions.
Write to Aaliyah Rogan at Mining.com.au
Images: Barminco
