Chrysos (ASX:C79) Soars on Newmont Deal, Gains Spotlight in ASX300 Landscape

May 08, 2025 08:47 PM PDT | By Team Kalkine Media

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Chrysos (ASX:C79) Soars on Newmont Deal, Gains Spotlight in ASX300 Landscape — Image source: Shutterstock

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Highlights

Chrysos Corporation (C79) surged nearly 20% after announcing a partnership with Newmont.

The deal brings Chrysos' PhotonAssay tech to the world’s largest gold producer.

The move boosts visibility for Chrysos within the broader ASX300 landscape.

Chrysos Corporation (ASX:C79), a technology-driven mining services firm based in Adelaide, drew significant attention on Friday as its stock surged nearly 20% following a new agreement with global gold mining leader Newmont Corporation (NYSE:NEM). This fresh partnership allows Newmont to roll out Chrysos' advanced PhotonAssay technology across its international mining operations, starting in Ghana.

The collaboration is structured around a renewable five-year term. Under the arrangement, Newmont will be charged a fee per sample, alongside a minimum monthly assay commitment—aligning with Chrysos’ standard commercial model. While financial specifics remain undisclosed, the structure is expected to provide recurring revenue streams.

PhotonAssay, developed by Chrysos, offers a faster, safer, and more environmentally friendly alternative to traditional fire assay techniques used in mineral analysis. The technology has already seen adoption by several mining companies, including Barrick Gold (NYSE:GOLD), a joint venture partner with Newmont in Nevada mines. This new deployment at Newmont’s Ahafo South mine in Ghana marks an expansion into West Africa, an increasingly important region for gold production.

By midday on Friday, Chrysos (C79) emerged as the top performer on the All Ordinaries index, with shares rising as much as 19.7%. This momentum positions the company more prominently within the broader ASX300 group, where technology and innovation in mining services are drawing increased investor attention.

For market watchers seeking opportunities in innovative sectors adjacent to traditional resources, Chrysos’ advancements present an interesting angle. While not classified under traditional ASX dividend stocks, the company’s fee-based model and renewable contracts may provide a degree of financial consistency similar to dividend-yielding firms.

The strategic alignment with Newmont not only validates the PhotonAssay platform but may also signal further global expansion opportunities. As the mining industry continues to modernize through digitization and automation, technologies like those from Chrysos (C79) could play a central role in shaping operational efficiencies and analytical precision.

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