Business
Here’s why the Perenti (ASX:PRN) share price lifted today
The Perenti Global Ltd (ASX: PRN) share price climbed today on news the company has secured a major underground mining contract extension.
From a negative start in early trading, the Perenti share price shot up to an intraday high of $1.35 after the company announced the deal this afternoon. However, at the closing bell, its shares had slightly dipped to $1.34, up 3%.
What did Perenti announce?
The engineering company advised that its subsidiary, hard-rock underground miner Barminco, has been awarded a contract extension worth more than $200 million.
The agreement will see Barminco continue operations at Gold Field’s Agnew Gold mine in Leinster, Western Australia. The company has performed underground mining operations at the…
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