Perenti Limited
AUSDF
Other OTC1.60
USD
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Perenti Limited
AUSDF
(Other OTC)
Recent
price
1.60
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Perenti Limited (ASX:PRN; OTC:AUSDF) is a diversified global mining services company providing contract mining, drilling services, and mining support services across the mining value chain. The company operates through three primary divisions: Contract Mining, which includes underground and surface mining solutions via subsidiaries such as Barminco, African Underground Mining Services (AUMS), and African Mining Services (AMS), specializing in hard rock mine development, production, diamond drilling, vertical development, design planning, scheduling, equipment supply, and maintenance; Drilling Services, encompassing exploration, grade control, production, and underground drilling through businesses including Ausdrill, DDH1 Drilling, Swick Mining Services, Strike Drilling, and Ranger Drilling, offering diamond core, reverse circulation, air core, water bore, and directional drilling across all mine life cycle stages; and Mining Services, providing equipment hire, parts sales, refurbishment, procurement, supply chain solutions, logistics, and technology-driven products via BTP, Supply Direct, Logistics Direct, and idoba, with additional consulting in mine planning, optimization, and feasibility studies. Perenti serves major mining clients across commodities including gold, nickel, iron ore, copper, and lithium, targeting operations in challenging environments with a workforce of approximately 11,000 employees. Founded in 1987 and headquartered in Perth, Australia, the company conducts geographic operations across four continents, primarily in Australia, Africa, North America, and Europe. In recent developments, Perenti completed the acquisition of DDH1 Limited in 2023 through a scheme of arrangement, enhancing its drilling capabilities with specialized surface and underground services and increasing scale in exploration and production drilling. The company secured multiple contract extensions and new awards totaling over A$1 billion in the past two years, including A$420 million in underground mining extensions, a US$235 million expansion at Motheo Copper Mine in Botswana, a $1.02 billion five-year contract for AUMS at AngloGold Ashanti's Obuasi Gold Mine in Ghana, a $157 million extension at IGO's Nova nickel mine, and Barminco's first U.S. contract at Nevada Gold Mines' Goldrush project. Additional strategic moves include a memorandum of understanding with Sandvik signed at MINExpo 2024 to develop diesel-electric equipment for underground mines, refinancing of a $650 million syndicated debt facility in 2025 with improved terms, and executive changes such as the appointment of Gabrielle Iwanow as President of the Contract Mining Division. These initiatives support Perenti's 2025 strategy, record FY24 earnings and free cash flow, and FY25 guidance with 95% of revenue secured.
Perenti Limited (AUSDF) Q2 2026 Earnings Call Transcript
Perenti (OTCMKTS:AUSDF) Stock Price Down 2.6% – Here’s Why