Mining services provider Perenti’s underground mining division, Barminco, has secured a A$120m ($73.85m) contract with Nevada Gold Mines for the Goldrush Project in Nevada, US.
Nevada Gold Mines is a joint venture (JV) between Barrick Gold, holding a 61.5% share, and Newmont Corporation, with a 38.5% share. This partnership, established in 2019, has created the 'world's largest' gold-producing complex, including ten underground mines and 12 surface mines.
The contract will see Barminco undertake underground development and provide ground support services for the Goldrush project.
The contract is set for a 36-month term, commencing this month. The contract will utilise the company's idle fleet, eliminating the need for new growth capital for the initial scope of work.
Perenti managing director and CEO Mark Norwell said “Securing the Goldrush underground project is an excellent achievement by our Barminco North America team. The Nevada Gold Mines JV is a leading gold-mining complex, operating in areas with mining history since the mid-1800s.
“Fellow Perenti business, Swick has operated in the USA since 2009 and shared valuable experience with Barminco, demonstrating the combined strength of our group. Consequently, we are very pleased to be awarded this project and continue our strategic expansion into the North American market.”
The Goldrush Project will have an anticipated output of around 400,000oz annually by 2028, with a 24-year mine life.
Perenti Contract Mining president Gabrielle Iwanow said: “The North American market is the largest hard rock, underground mining market in the world and this is Barminco’s first project in the USA.
“This win represents a milestone achievement for Barminco and our Contract Mining team as we execute our growth strategy. With an expanded operational footprint in North America, Barminco looks forward to continuing safe and productive operations for our clients in both the USA and Canada.”
In October 2024, Barminco secured a three-year contract extension with Barrick Gold for mining at the Hemlo gold mine in Ontario, Canada.
