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Yahoo
25-06-2025
- Business
- Yahoo
Westgold awards underground mining contract at Great Fingall
PERTH, Western Australia, June 26, 2025 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) – (Westgold or the Company) is pleased to announce it has awarded a three-year underground mining contract for its Great Fingall mine near Cue, to global mining contractor, Barminco Limited ( (Barminco). Barminco is an internationally recognised leader in underground hard rock mining. The award of this term contract for one of Westgold's smaller operations provides Westgold with the opportunity to redeploy its high performing team and equipment currently at Great Fingall to its larger, owner operated mines, including Beta Hunt in the Southern Goldfields and the Bluebird – South Junction mine in the Murchison. Westgold Managing Director and CEO Wayne Bramwell commented: "Westgold continues to focus on increasing mine productivity and further leveraging its extensive capital base. Our inhouse mining team and fleet is best deployed in our larger, strategic assets and this capability gives us the optionality to utilise specialist contractors in our smaller mines. The Great Fingall mine is a smaller mine and as such lends itself to contract mining. It is a high grade, but comparatively simple, operation - with cost efficiency and productivity underpinned by a detailed mine plan, robust drill data, favourable ground conditions and excellent, established mine infrastructure. After a competitive tender process, Barminco was selected as our partner for Great Fingall due to its stand-out safety processes, mining efficiency, and track record of delivery. These qualities reduce the execution risk around Great Fingall for Westgold and will ensure a smooth transition to contract operations in Q1, FY26. With the setup complete, Westgold's high performing team can now be deployed to our larger operating mines, and we expect productivity and operational outputs to lift with their arrival. We look forward to first production from Great Fingall in early FY26 and welcome the Barminco team to Westgold. This announcement is authorised for release to the ASX by the Board. Forward looking statements These materials prepared by Westgold Resources Limited include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "intend", "believe", "forecast", "predict", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company's control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. In addition, the Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors outlined in the "Risk Factors" section of the Company's continuous disclosure filings available on SEDAR+ or the ASX, including, in the Company's current annual report, half year report or most recent management discussion and analysis. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances. SOURCE Westgold Resources Limited View original content to download multimedia:
Yahoo
19-05-2025
- Business
- Yahoo
Barminco secures new $320m Agnew gold mine contract
Perenti has announced that its underground mining subsidiary, Barminco, has secured a new contract to continue its underground operations at the Agnew gold mine, owned by Gold Fields, under a contract valued at approximately A$500m ($320m). The contract commenced on 1 January 2025 and spans 36 months, with an option to extend for an additional 12 months. The scope of the contract encompasses underground development, production and related mining services. This agreement reaffirms Barminco's decade-long presence at the site, where it has provided underground mining services since 2010. Perenti managing director and CEO Mark Norwell said: 'We are very pleased to be extending our relationship with Gold Fields at the Agnew Gold Mine. Gold Fields is one of our most long-standing and valued clients, with history of more than 30 years working alongside the various Perenti businesses. 'Our Australian operations are important for Barminco to deliver enduring value and certainty for our clients and shareholders. Maintaining long-term contracts with high-calibre clients such as Gold Fields supports continued delivery of reliable earnings for the business.' The Agnew gold mine, located near Leinster, Western Australia, comprises multiple underground operations. The mine's current ore sources include the Kim, Main and Rajah Lodes at the Waroonga underground complex. Barminco employs more than 300 individuals at the mine, contributing significantly to the local economy. Perenti Contract Mining president Gabrielle Iwanow said: 'Barminco has successfully ramped up development and production at Agnew in recent years. We very much value the relationship with Gold Fields and we look forward to continuing to deliver safe and productive underground services through our highly capable team in Australia.' Last month, Barminco announced that it will cease operations at MMG's Khoemacau Copper Mine in Botswana after its current contract is completed in June 2025. "Barminco secures new $320m Agnew gold mine contract" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
