Chrysos Corporation Limited (ASX:C79) Signs Master Services Agreement with Newmont Corporation
Master Services Agreement
Chrysos Corporation Limited has entered into a Master Services Agreement with Newmont Corporation for the use of its PhotonAssay TM technology at Newmont’s gold mining projects. An initial PhotonAssay TM unit will be installed at the Ahafo mine in Ghana, with deployment expected in the first half of FY26. The agreement includes an optional renewable five-year term, a fee per sample, and a minimum monthly assay payment.
Executive Comments
Chrysos Managing Director and CEO Dirk Treasure stated, “We are proud to have secured both a Master Services Agreement and an initial lease contract with the industry’s leading gold miner. It is a testament not only to Newmont’s approach to operational and environmental excellence, but also reinforcing the significance of PhotonAssay itself.”
Technology Overview
Chrysos PhotonAssay TM delivers faster, safer, more accurate, and environmentally-friendly analysis of gold, silver, copper, and other elements in as little as two minutes.
Future Outlook
Mr Treasure added, “We are continuing our strategy of converting the world’s biggest gold miners to PhotonAssay. We are pleased to see top- and mid-tier producers adopting our technology at their projects, a trend that will only accelerate as we continue to penetrate the global mining market.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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