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Highlights

  • Perenti wins $1.1 billion contract to provide underground mining services at the Mana gold complex in Burkina Faso.

  • Five-year deal will run from June 2025 through a joint venture with Barminco and Dynamic Mining Supply.

  • Expansion of long-term partnership with Endeavour Mining, reinforcing Perenti's position in West Africa.

Australian mining services provider Perenti (ASX:PRN) has secured a major $1.1 billion contract to deliver underground mining services at the Mana gold mining complex in Burkina Faso, operated by Endeavour Mining’s subsidiary, SEMAFO Burkina Faso.

The five-year agreement was signed through African Underground Mining Services Burkina Faso SARL (UMS), a joint venture between Perenti’s subsidiary Barminco Holdings and Dynamic Mining Supply. The contract will commence on 1 June 2025 and is expected to contribute significantly to the company’s financial performance from FY26 onward, with FY25 capital requirements remaining in line with previous guidance.

Under the new contract, UMS will provide underground mining and related support services to the Siou and Wona zones of the Mana complex, further expanding its footprint in West Africa. UMS has been delivering services at Mana since 2018.

Perenti’s managing director and CEO Mark Norwell hailed the deal as a testament to the company’s proven track record and ongoing partnership with Endeavour Mining.

“This contract is consistent with our guidance for FY25 and will strongly contribute in FY26 and beyond. Our team continually delivers exceptional value for our clients, and this is clearly demonstrated by this long-term contract for expanded operations at the Mana complex,” Norwell said.