Chrysos Corporation (ASX: C79), an Adelaide-based mining technology specialist, has entered a master services agreement (MSA) with Newmont Corporation for its PhotonAssay technology. Newmont will implement Chrysos’ technology across its global gold mining projects, beginning with the installation of a unit at its Ahafo mine in Ghana, a major gold reserve with approximately 17 million ounces. The MSA includes a renewable five-year term, a fee per sample, and a minimum monthly assay payment, aligning with Chrysos’ standard terms.
Chrysos’ CEO, Dirk Treasure, highlighted that securing this deal with a leading gold miner validates both Newmont’s commitment to operational and environmental excellence and the significance of PhotonAssay. Newmont selected PhotonAssay for its rapid analysis capabilities, delivering faster, safer, more accurate, and environmentally friendly results for gold, silver, copper, and other elements in approximately two minutes. Chrysos is on track to meet FY25 guidance, projecting revenue at the lower end of its $60 million to $70 million range. The company is deploying five PhotonAssay units across Namibia, Kalgoorlie (Western Australia), and Nevada (USA), increasing its total contracted units to 58.
