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Benzinga
Benzinga
Business
Akanksha Bakshi

Parsons Secures Significant Contract To Continue Managing Faro Mine Remediation

Parsons Faro Canada Yukon PSN First Nations NYSE Parsons Corp
  • Parsons Corp (NYSE:PSN) has secured a contract to provide main construction management and care & maintenance (MCM-C&M) services at Faro Mine in Faro, Yukon, Canada. The contract could span over 20 years and exceed $2 billion.
  • Parsons has supported the Government of Canada, Yukon Government, First Nations, and the Town of Faro in remediating the site since 2016.
  • Under the contract, Parsons will provide site management services, including overall occupational health and safety, environmental and geotechnical management; project management; construction management; and procurement services. Parsons will also continue to be responsible for the care and maintenance of the site.
  • Price Action: PSN shares are trading higher by 1.90% at $33.32 on the last check Wednesday.
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