Perenti's Barminco Secures A$120 Million Contract for Goldrush Project
Feb 5, 2025

Perenti's Barminco Secures A$120 Million Contract for Goldrush Project

Australia's Perenti (ASX: PRN) has marked its entry into the North American mining sector with a significant achievement. According to a report by Mining.com, Perenti's underground mining subsidiary, Barminco, secured a A$120 million contract to carry out underground development and ground support at the Goldrush project in Nevada. The Goldrush project, part of Nevada Gold Mines (NGM) — the largest gold-producing complex globally — aims to achieve a production rate of approximately 400,000 ounces annually by 2028, with a life expectancy of 24 years.

This contract is not only a testament to Barminco's growing footprint in the global mining industry but also represents its first major project in the United States. Mark Norwell, the managing director and CEO of Perenti, expressed pride in the North American team's achievement and emphasized the strategic importance of the expansion into North America. He acknowledged that the experience shared by Swick, another Perenti business with operations in the US since 2009, was instrumental in securing the contract.

Gabrielle Iwanow, president of contract mining at Perenti, hailed the contract win as a "milestone achievement" for Barminco, underlining its growth strategy. The Goldrush project's span is set for 36 months, marking a significant move for Barminco, which primarily operates in Western Australia and Africa.

Economic and Industry Insights

Data from the IndexBox platform indicates that the global gold production industry is on a stable growth trajectory, with significant operations spread across strategic regions. The collaboration between Barminco and NGM highlights the potential future upward trend in gold production, driven by major players like Barrick Gold and Newmont, who have substantial investments in the sector.

As gold demand remains robust globally, investments in mining infrastructure and expansion projects like Goldrush are likely to attract further investment, bolstering economic growth and the operational capabilities of companies involved.

Source: IndexBox Market Intelligence Platform

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    1. REPORT DESCRIPTION
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  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
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  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
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    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
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  7. 7. GLOBAL PRODUCTION

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  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
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  10. 10. PROFILES OF MAJOR PRODUCERS

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    • United States
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  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
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    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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