Westgold Resources has awarded a three-year underground mining contract for its Great Fingall mine in Western Australia, to Barminco, Perenti Limited’s underground mining subsidiary.
The award of this term contract for one of Westgold’s smaller operations provides the mine owner 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, it says.
Perenti said the three-year contract was valued at approximately A$200 million ($130 million), with the scope of works including mine development, production and associated underground mining services. Mobilisation is expected to commence next month.
Westgold Managing Director and CEO, Wayne Bramwell, said: “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.”
Mark Norwell, Managing Director & Chief Executive Officer of Perenti, said: “This project further increases Australian earnings for Perenti and supports our ongoing focus on year-on-year sustainable cash generation. We look forward to delivering value for Westgold through our collaborative approach and focus on operational excellence.”
Gabrielle Iwanow, President of Contract Mining at Perenti, added: “We are proud to mark the beginning of a new relationship between Westgold and Barminco on the Great Fingall project. Westgold’s decision is an endorsement of the strength of our technical capability and our commitment to safe and efficient operations. We look forward to building a strong partnership that delivers value for both companies and the communities in which we operate.”