PRN.ASX: Contract extension and sale of equipment agreed at Iduapriem

Contract extension and sale of equipment agreed at Iduapriem

Stock	Perenti Ltd (PRN.ASX)
Release Time	20 Jul 2026, 8:25 a.m.
Price Sensitive	Yes

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Perenti Ltd Announces Contract Extension and Equipment Sale at Iduapriem

Key Points

Contract extension with AngloGold Ashanti at Iduapriem mine
Sale of mining fleet to AngloGold Ashanti
Expected proceeds from sale between A$30 million and A$40 million

Full Summary

Perenti Limited, through its subsidiary African Mining Services (AMS) via the AMAX LTD joint venture, has reached an agreement with AngloGold Ashanti for an orderly transition at the Iduapriem Gold Mine in Ghana. The transition includes the sale of AMS's mining fleet to AngloGold Ashanti at the end of the contract, with expected proceeds between A$30 million and A$40 million. The contract, valued at approximately A$95 million, has a term of around 6 months starting from 17 July 2026. AMS will continue to provide surface mining and related supporting services until the contract completion.

Guidance

Expected proceeds from sale of equipment at Iduapriem: A$30-40 million

Outlook

Perenti anticipates the sale proceeds will be reinvested into value-accretive opportunities.