Barminco Secures $194 Million Underground Mining Services Contract for Barrick's Fourmile Project in the US

en.Wedoany.com Reported - Barrick Mining has awarded Barminco a $194 million contract to provide underground mining services for its Fourmile project in Nevada, USA. The 45-month contract is set to commence in July 2026, with Barrick expecting to invest approximately $27.5 million in growth capital for the project in fiscal year 2027.

Perenti (Barminco's parent company) Managing Director and CEO Vanessa Torres stated that securing the underground mining contract for Fourmile is an exciting development for the North American team, and she looks forward to expanding the relationship with Barrick through this project. Torres noted that this supports the company's strategy to expand operations in tier-one mining jurisdictions and continues disciplined growth in the North American market through Barminco and Swick.

Fourmile is 100% owned by Barrick and is adjacent to the Goldrush project. Barminco is already operating at Nevada Gold Mines, a joint venture formed by Barrick (61.5% stake) and Newmont Corp. (38.5% stake). Under the final contract, Barminco will begin developing the dual Bullion Hill portals, which are part of approximately 16 kilometers of underground development, ground support, surface facilities, and related mining services.

Perenti's President of Contract Mining, Gabrielle Iwanow, stated that the North American market is the world's largest hard rock underground mining market, and Fourmile represents another significant step in the company's growth strategy. She expressed anticipation for bringing Barminco's focus on safety, quality, and productivity to Fourmile and providing support as Barrick advances this important project.

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