Develop Global (ASX:DVP) has been awarded a $200 million underground development contract to establish access tunnels at OceanaGold's Waihi North Project in New Zealand’s North Island.
The five-year agreement is set to commence in the first half of 2026, with Develop using the lead-up period to mobilise a local workforce alongside its in-house team of experienced underground mining specialists.
OceanaGold, listed on the Toronto Stock Exchange with a market capitalisation of CAD$8.8 billion, operates a portfolio of four mines worldwide.
Develop Managing Director Bill Beament said the contract "reflects the strength and depth of our Mining Services division" and expressed enthusiasm for collaborating with OceanaGold, combining specialist expertise with a skilled local workforce.
At the time of reporting, Develop Global's share price was $4.36.