Perenti extends contract with Endeavour for mining services, worth $1.1B

Perenti Ltd (ASX:PRN) has inked a new 5-year contract worth A$1.1 billion with Endeavour Mining for the delivery of underground mining services at the latter’s Mana high-grade gold complex in Burkina Faso.

The contract was signed through the companies’ joint venture subsidiary businesses – Underground Mining Services Burkina Faso SARL (Perenti) and SEMAFO Burkina
Faso S.A (Endeavour) – and builds on a relationship already established between this entity and Endeavour, which has involved the delivery of underground mining and support services at Mana since 2018.

This contract is set to last 60 months and will involve underground development and production, focusing on the complex’s 2 main areas, Siou and Wona.

Perenti managing director and CEO Mark Norwell said he was pleased to announce the expansion of the contract with Endeavour.

“This contract is consistent with our guidance for FY25 and will contribute strongly in FY26 and beyond,” he said.

“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.”

Perenti has been trading at $1.58.

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