Chrysos (ASX:C79) entered into a master services agreement with Newmont (ASX:NEM) for Newmont to use its PhotonAssay technology for its gold mining projects, according to a Friday Australian bourse filing.
The companies also entered into a contract for an initial PhotonAssay unit to be installed at its Ahafo mine in Ghana, with deployment expected in the first half of 2026.
The agreement adheres to the company's general terms of an optional renewable five-year term, a fee per sample, and a minimum monthly assay payment.
Chrysos' shares jumped 19% in recent Friday trade, while Newmont's shares were down 1%.
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