Perenti (ASX:PRN) secures $450M contract extension at Sunrise Dam gold mine

Perenti secured a $450 million contract extension for underground mining services at the Sunrise Dam gold mine in Western Australia.

The three-year extension, effective from Oct. 1, covers underground development, production, and mining support services without requiring new capital expenditure.

The extension underscores Perenti's longstanding partnership with AngloGold Ashanti (NYSE:AU), the mine's owner, highlighting its focus on client retention and cash flow generation through contract renewals.