Barminco, the underground mining division of Perenti, has secured its first underground mining contract in the US.
The company has signed a three-year contract to provide underground development and ground support services to the Nevada gold mines joint venture (NGM JV) – shared between Barrick Gold and Newmont – at the Goldrush project in Nevada.
The contract, valued at approximately $120 million, will commence this month. The project will utilise idle fleet equipment with no new capital investment required for the initial scope.
Perenti managing director and chief executive officer Mark Norwell said securing the Goldrush underground project is an “excellent achievement” by the Barminco North American team.
“The Nevada gold mines JV is a leading gold mining complex, operating in areas with mining history since the mid-1800s,” Norwell said.
“Fellow Perenti business, Swick, has operated in the US 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.”
Nevada is the top gold-producing state in the US. The Goldrush project is a major new underground development targeting annual gold production of approximately 400,000 ounces by 2028, with a projected 24-year mine life.
“The North American market is the largest hard-rock, underground mining market in the world and this is Barminco’s first project in the US,” Perenti president of contract mining Gabrielle Iwanow said.
“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 US and Canada.”
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