Perenti wins contract extension at Mako Gold Mine

Perenti has won a contract extension for surface mining activities at Resolute Mining’s Mako Gold Mine in Senegal.

Mark Norwell, managing director & CEO of Perenti, confirmed the report and said the contract includes load and haul, drill and blast, grade control and crusher feeding activities at the mine and is valued at approximately US$185mn over a period of four years.

Mako Gold Mine

The Mako Gold Mine, located in eastern Senegal, is a high quality, open pit mine with attractive scale and potential life extension through several near-mine exploration opportunities. Mako is owned and operated by Resolute’s Senegalese subsidiary, Petowal Mining Company S.A. Resolute has a 90% interest in Petowal and the Government of Senegal holds the remaining 10%.

Mako is a conventional drill and blast, truck and shovel operation with mining services. The carbon in leach processing plant has greater than 2.0 Mtpa of installed capacity and comprises a crushing circuit, an 8MW SAG Mill and gold extraction circuit.

Perenti, through AMS, has provided surface mining activities at the Mako Mine since 2017 and the contract extension includes updated commercial conditions. In addition, Perenti will optimise the management of existing fleet and equipment at the project, which is forecast to have a low capital expenditure requirement and generate sustainable returns.

“The Mako project has been a part of the AMS portfolio for several years and we are pleased that our strong operational performance and relationship with Resolute Mining, has allowed us to execute this contract extension, which supports our 2025 strategy.  We are confident that our dedicated, predominantly local workforce will continue to deliver value for our client. We look forward to continuing our relationship with Resolute Mining at the Mako project as we seek to deliver enduring value and certainty for all our stakeholders,” said Mark Norwell, managing director & CEO of Perenti.

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