Australia's Perenti rises on $709 mln contract from Endeavour Mining

Perenti

02/06/2025 01:39

** Perenti PRN.AX rises 5.4% to A$1.66, highest since mid-January 2020

** Contract miner says it will provide underground mining services to London-listed Endeavour Mining's EDV.L Mana complex in Burkina Faso under A$1.1 bln ($709.7 mln) contract

** Adds the five-year contract through its JV unit expected to boost earnings in FY26 and beyond

** PRN gains ~13% this year, as of last close

($1 = A$1.5499)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))