Capital secures mining services contract at Barrick's Reko Diq in Pakistan [Yahoo! Finance]
Gold.com, Inc. (GOLD)
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Source: Yahoo! Finance
The contract ensures operations through to December 2028 and includes a five-year extension option. It is expected to generate more than $60m (£45.68m) in annual revenue once fully operational. The contract encompasses two primary scopes of work, with the first focusing on early civil works, laying the project's groundwork before production begins. Capital will utilise mining equipment formerly deployed at the Belinga iron ore mine, with a full run rate expected from the fourth quarter of 2025 (Q4 2025). The workforce onboarding is nearly complete and operational training has started. The contract's second scope involves the construction and maintenance of the tailings storage facility (TSF). Capital will utilise the majority of the fleet from the Sukari gold mine, with operations set to start at the beginning of Q4 2025 and full utilisation anticipated in the second half of 2026. Capital executive chair Jamie Boyton said: “Reko Diq is set to be the next truly major coppe
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