Perenti has secured a $180 million contract to stay on at Regis Resources’ Duketon gold mine in the northern Goldfields.
The mining services group’s Barminco subsidiary will remain underground at the operation north of Laverton for another three years to March, 2029, with an option to extend for a further 12-month period.
“This extension reflects the strength of our long‑standing relationship with Regis and the consistent performance delivered by our team at Duketon,” said outgoing Perenti chief executive Nark Norwell.
“We value the collaborative approach between our organisations and look forward to continuing to work together to deliver safe and productive outcomes.”
Perenti has tapped South32 chief operating officer Vanessa Torres to replace Mr Norwell, who will exit the role next week.
He will remain with the company “to provide transition support to the board and executive” until an unspecified date during the next financial year.
Regis is targeting full-year production of between 220,000 and 240,000 ounces from Duketon at all-in costs of between $2790 and $3200/oz.
With ounces added from its 30 per cent interest in the Tropicana mine with joint venture partner AngloGold Ashanti, total production is expected to come in at between 350,000 and 380,000oz.
The Jim Beyer-led miner in late February reported a record statutory net profit of $323m in the six months to December 31, along with record cash flow of $413m.