Barminco increases contract with Regis

Perenti (ASX: PRN) announces Barminco and Regis Resources (ASX: RRL) are extending their current contract for the provision of underground mining services at the Duketon operations, comprising both the Rosemont and Garden Well underground mines in the goldfield’s region in WA.

Providing long-term visibility and certainty for both parties, the initial alliance-style agreement of three years will extend to an additional contract term of 12 months until March 30, 2028.

The contract’s value is approximately worth $180m for underground development, production and support services with no new capital growth required.

Perenti managing director and chief executive Mark Norwell says collaborative and long-term client relationships create enduring value.

“The Barminco and Regis alliance agreement enables a framework for value creation and planning certainty for both parties. We are very pleased and appreciative to extend this agreement for another year and look forward to continuing to work with Regis,” he said.

Perenti contract mining president Gabrielle Iwanow says the company is pleased Regis and Barminco have agreed to extending the alliance for an additional year.

“Regis is one of Australia’s leading gold producers and we have developed a strong working relationship with them at their Duketon Operations,” she said.

“Barminco was proudly founded in WA and we continue to work closely with our clients around the world and here at home to deliver certainty and value.”