Chrysos Corporation has secured a landmark Master Services Agreement with Newmont Corporation, marking its first PhotonAssay unit deployment at the Ahafo mine in Ghana. This deal signals growing adoption of Chrysos’ cutting-edge gold analysis technology among top-tier miners.
- Master Services Agreement signed with Newmont Corporation
- Initial PhotonAssay unit to be installed at Ahafo mine, Ghana
- Deployment expected in first half of FY26
- Contract includes renewable five-year term with fee per sample
- PhotonAssay offers faster, safer, and environmentally friendly gold analysis
A Strategic Partnership with a Mining Leader
Chrysos Corporation has taken a significant step forward by signing a Master Services Agreement (MSA) with Newmont Corporation, the world’s largest gold miner. This agreement not only establishes a commercial relationship but also includes a contract for the deployment of Chrysos’ PhotonAssay technology at Newmont’s Ahafo mine in Ghana, with installation slated for the first half of fiscal year 2026.
The MSA outlines a renewable five-year term, featuring a fee-per-sample model and a minimum monthly assay payment, reflecting a commitment from Newmont to integrate Chrysos’ technology into its operational workflow. This milestone marks Chrysos’ first contract with Newmont, a validation of the PhotonAssay’s value proposition in the competitive gold mining sector.
PhotonAssay: Revolutionizing Gold Analysis
PhotonAssay technology promises to transform the way gold and other precious metals are analyzed. By delivering results in as little as two minutes, it offers a faster, safer, and more environmentally friendly alternative to traditional fire assay methods. The technology’s ability to accurately measure gold, silver, copper, and other elements with minimal environmental impact aligns well with Newmont’s focus on operational and environmental excellence.
Chrysos CEO Dirk Treasure highlighted the strategic importance of this deal, emphasizing that securing Newmont as a partner underscores the growing industry recognition of PhotonAssay’s benefits. The agreement is a testament to Chrysos’ ongoing strategy to convert major gold producers to its technology, a trend that is expected to accelerate as the company expands its global footprint.
Implications for Chrysos and the Mining Industry
This partnership could serve as a catalyst for broader adoption of PhotonAssay technology across the mining sector. With Newmont’s extensive portfolio spanning Africa, Australia, Latin America, and North America, the deployment at Ahafo could pave the way for further installations and long-term collaborations.
For Chrysos, the deal represents not only a revenue opportunity but also a significant endorsement that may attract other top- and mid-tier gold producers. The move aligns with industry trends favoring technologies that enhance efficiency and reduce environmental footprints, positioning Chrysos well in a competitive market.
Bottom Line?
Chrysos’ breakthrough with Newmont could accelerate PhotonAssay adoption, reshaping gold analysis standards worldwide.
Questions in the middle?
- How quickly will Chrysos scale deployments beyond the initial unit at Ahafo?
- What are the detailed financial terms and revenue impact of the MSA?
- How will PhotonAssay’s environmental benefits influence broader industry uptake?