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- K2fly (K2F) has signed a five-year resource inventory management contract with U.S. precious metals miner Coeur Mining
- Under the contract, the company will roll out its RCubed solution across Coeur’s five operating mine sites in North America
- The contract is valued at A$718,000
- The company is currently conducting negotiations regarding additional multi-year contracts for its software solutions
- K2fly is up 4.55 per cent and trading at 34 cents per share
K2fly (K2F) has signed a five-year resource inventory management contract with U.S. precious metals miner Coeur Mining.
Coeur Mining is listed on the New York Stock Exchange (NYSE) and is currently the ninth-largest silver producer in the world.
Under its software-as-a-service (SaaS) contract with Coeur, K2fly will roll out its RCubed solution across Coeur’s five operating mine sites in North America.
The company’s RCube resource inventory solutions is a secure, cloud-based platform that provides mineral resource and reserve governance, compliance and reporting capabilities.
K2fly’s Chief Commercial Officer, Nic Pollock, commented on the company’s latest contract.
“We are delighted to add another US-based NYSE-listed company and yet another gold producer to the growing list of companies using our governance and reporting software,” he said.
“Additionally, it further validates that K2F’s RCubed software solution is the leading solution in the mining technical assurance space globally for resource and reserve governance and reporting in all commodities and especially gold, where we service five of the top ten global gold miners by market capitalisation,” he added.
The contract is valued at A$718,000.
Since January 2020, the company has signed similar contracts with other miners, including Alcoa USA, South32, Kinross Gold, Newmont, and Gold Fields. Many of these contracts have been with mining clients in North America, prompting K2fly to open an office in Denver, Colorado last year.
The company is currently conducting negotiations for further multi-year contracts for its software solutions.
K2fly is up 4.55 per cent, trading at 34 cents per share at 11:40 am AEDT.
