SW1.ASX: Newmont Mining Signs $820,800 subscription deal

Newmont Mining Signs $820,800 subscription deal

Stock	Swift Networks Group Ltd (SW1.ASX)
Release Time	15 Apr 2025, 8:37 a.m.
Price Sensitive	Yes

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Newmont Mining Signs $820,800 Subscription Deal with Swift

Key Points

Three-year contract for Swift Access at Tier 1 asset Tanami
New Tier 1 customer addition to Swift's client portfolio
Installation expected in early Q1 FY26 with subscriptions commencing thereafter

Full Summary

Swift Networks Group Ltd has announced that Newmont Mining Services Pty Ltd has signed a 36-month subscription agreement for Swift Access at their Twin Hills Village in Tanami, Northern Territory. The contract is valued at $820,800 over the three-year term. Installation of the Swift Access system is expected to be finalized in early Q1 FY26, with subscriptions commencing thereafter. Newmont is the industry's leading gold and copper business and a producer of zinc, lead and silver, with more than half of the world's Tier 1 gold mines in its global portfolio, including three Tier 1 assets in Australia. Swift CEO Brian Mangano commented that the company is pleased to welcome Newmont as a new customer and looks forward to providing them with the best entertainment and engagement experience for their on-site team. This agreement is seen as a sign of increasing demand for Swift's reliable and value-for-money village entertainment services across the mining sector.