Barminco awarded A$200m underground mining services contract at Great Fingall
Underground mining company Barminco – a subsidiary of ASX-listed Perenti – has been awarded a A$200-million contract by ASX- and TSX-listed Westgold Resources for the provision of underground mining services at the Great Fingall project, in Western Australia.
The three-year contract will include mine development, production and associated underground mining services. Mobilisation is expected to start in July.
At steady state, Great Fingall is expected to produce more than 45 000 oz/y of gold.
“We are excited to be partnering with Westgold on the Great Fingall project. This award highlights the depth and scale of Barminco’s mining and technical capability and supports the ongoing focus of growing our underground mining business in Australia and select regions internationally.
"This project further increases Australian earnings for Perenti and supports our ongoing focus on year-on-year sustainable cash generation. We look forward to delivering value for Westgold through our collaborative approach and focus on operational excellence,” says Perenti MD and CEO Mark Norwell.
“We are proud to mark the beginning of a new relationship between Westgold and Barminco on the Great Fingall project. Westgold’s decision is an endorsement of the strength of our technical capability and our commitment to safe and efficient operations. We look forward to building a strong partnership that delivers value for both companies and the communities in which we operate," adds Perenti contract mining president Gabrielle Iwanow.
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