Latest News - Perenti

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- WHO WE AREWe’re an ASX listed, diversified mining services group with more than 35 years’ experience and operations across four continents.
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- WHAT WE DOWe’re experts in hard rock surface and underground mining, drilling services, mining services and have a focus on future technology solutions.
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Strong half year result positions Perenti on target for FY25 guidance

Perenti has delivered interim financial results in-line with our internal expectations, positioning the Company to meet full year guidance in FY25. The strength of existing work in hand was demonstrated by revenue for the first half exceeding the prior half and establishing a new record. As guided to the market after the full year results […]

Barminco wins first underground mining contract in USA for Nevada Gold Mines

We are pleased to announce that our underground mining business, Barminco, has signed a contract to undertake underground development and ground support for Barrick-operated Nevada Gold Mines (‘NGM’) at the Goldrush Project in Nevada, USA. Nevada is the leading U.S. state in gold production and NGM is a joint venture between Barrick Gold Corporation (61.5%) […]

Barminco secures $157m underground contract extension with IGO at Nova

Perenti has announced that our underground mining business, Barminco, has signed a contract extension with IGO Ltd to continue mining at the Nova underground nickel mine in the Fraser Range, Western Australia. Barminco’s involvement at the Nova mine commenced in early 2015 when it was a greenfield site. This contract extension is worth $157 million […]

Perenti and Sandvik to collaborate in developing diesel-electric equipment

Global mining services provider Perenti and Sandvik have signed a memorandum of understanding at MINExpo INTERNATIONAL® 2024 centered on developing cutting-edge diesel-electric equipment for underground mines. This collaboration aims to enhance sustainability, efficiency, and productivity in underground mining operations. Under the agreement, the companies will work together to optimize underground diesel-electric loaders and trucks. Through […]

Perenti delivers another record year of earnings and free cash flow in FY24

Perenti has delivered another year of strong financial results, headlined by record revenue and underlying earnings and free cash flow of $184 million. The consistent strong cash flow and the fundamental strength of the business has enabled the declaration of a 4 cents per share final dividend. This lifts the total dividend for FY24 to […]

Barminco secures underground contract extension with Barrick at Hemlo, Canada

Perenti is pleased to announce that its underground mining business, Barminco, has signed a three-year contract with Barrick Gold Corporation to continue contract mining at the Hemlo gold mine in Canada. Hemlo is located 350 kilometres east of Thunder Bay in Ontario, Canada and has been in production since 1989. In 2019, Barrick transitioned the […]

Award of Spartan Resources contract and contract extensions totalling A$160M

Perenti is pleased to announce that Barminco has been awarded a new development contract with Spartan Resources and extensions to four existing projects. The scope of the Spartan Resources contract includes the construction of an underground exploration drill drive at the Dalgaranga Gold Project in the Murchison region of Western Australia. The drive has been […]

Barminco and MMG agree continuation of mining contract at Khoemacau Copper Mine

We are pleased to announce that our underground mining business, Barminco, has finalised discussions regarding the existing 5-year mining services contract for the Khoemacau Copper Mine in Botswana with Khoemacau Copper Mining Proprietary Limited, a subsidiary of MMG Limited.

Record first half results supported by value accretive DDH1 acquisition.

Perenti has delivered a record operational and financial performance for 1H24 building on its record FY23 financial results and continuing the positive momentum generated in the business over the past two years. The results reflect the continued disciplined implementation of our 2025 Strategy and the efforts of our 11,000 people. Mark Norwell, Managing Director & […]

Perenti secures A$420 million of contract extensions

Perenti has announced its underground mining businesses have been awarded contract extensions valued at ~A$420 million. The contract extensions include: Mark Norwell, Managing Director & Chief Executive Officer of Perenti said, “We pride ourselves on our enduring relationships, so we are especially pleased to be continuing our relationship with these long-term clients. Our Contract Mining […]

Changes to the Perenti Group Executive Committee

Perenti is pleased to announce the following changes to our Group Executive Committee. Gabrielle Iwanow has been appointed President of Perenti’s Contract Mining Division. Gabrielle is one of Australia’s leading mining executives with extensive experience working at senior operational and executive levels within the resources sector. Gabrielle was also named as one of the […]

Perenti and DDH1 – Implementation of Scheme of Arrangement

Perenti is pleased to announce that the DDH1 Limited scheme of arrangement has been implemented today and Perenti has now acquired 100% of the issued share capital of DDH1. Mark Norwell, Managing Director & Chief Executive Officer of Perenti, said Perenti is pleased to welcome the DDH1 team members who are joining the Perenti Group […]

Perenti increases work in hand

Perenti has secured the following new work and contract extensions: • $70 million, six-month contract for the continuation of underground development and production works at the Regis Resources Garden Well and Rosemont underground gold mines. Barminco and Regis continue to progress collaboratively towards further and material contract extensions at these two mines. • $27 million, […]

Perenti awarded US$235 million contract expansion at Motheo

Perenti is pleased to announce our surface mining business in Africa, African Mining Services (AMS), has been awarded the contract for open pit mining services at the Sandfire Resources A4 open pit within the larger Motheo Copper Mine in Ghanzi, Botswana. The contract is valued at US$235 million (~A$360 million) over a term of 73 […]

Perenti delivers record financial performance in FY23

Perenti has delivered record FY23 financial results, headlined by record revenue and record underlying earnings. The sustained improvement in financial and operational performance has placed Perenti in a strong financial position, which enabled the announcement in June 2023 of the value accretive acquisition of Australian-based drilling business DDH1, with final completion expected in October 2023. […]

Perenti and DDH1 – Continued creation of enduring value

Perenti has announced that it has entered into an agreement under which it will acquire 100% of the issued share capital of DDH1 Limited subject to satisfaction of conditions. DDH1 brings significant capability across a range of specialised surface and underground drilling services that complement Perenti’s existing service offering. Perenti will benefit from increased scale, […]

IGO awards Cosmos electrification study to Perenti and ABB collaboration

Perenti and ABB, in collaboration, have been awarded an inaugural contract by IGO Ltd to undertake a study for the full underground electrification of IGO’s Cosmos Nickel Project. The electrification study is a significant step in IGO’s commitment to continuously improving its sustainability performance by trialling new technologies and decarbonising its operations, helping to create […]

Perenti Strategy Briefing and Business Update June 2023

Perenti has provided an update on progress against our 2025 Strategy including a positive business update, the release of sustainability imperatives and priorities, an update to our 2025 targets and an updated Capital Management Policy. Positive Business Outlook As announced 21 February 2023, Perenti expected FY23 revenue of $2.8 billion to $2.9 billion, EBIT(A) of […]

Perenti secures a new five year contract with Newmont at the Subika underground mine

Perenti is pleased to announce that through its UMA joint venture, its subsidiary African Underground Mining Services (AUMS) has been awarded a new, 60-month contract at the Newmont Subika underground gold mine in Ghana. The contract is effective from 1 January 2023. UMA is a joint venture between Perenti’s subsidiary, AUMS and Rocksure International, a […]

Perenti secures contract extension at Red Chris in Canada

Perenti subsidiary Barminco has been awarded a 12-month contract extension at Newcrest Mining’s Red Chris mine in British Columbia, Canada. Since June 2021, Barminco has continued to progress the development of an underground exploration decline, an essential first stage of works that will provide a platform for future underground exploration activities, and which may also […]