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Coeur Mining signs 5-year SaaS contract with K2fly

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Global Mining Review,

K2fly Ltd (K2F) has announced that Coeur Mining Inc has signed a 5-year resource inventory management software-as-a-service (SaaS) contract to roll out to five sites. Coeur is a precious metals mining company listed on the New York Stock Exchange (NYSE). It operates five mines located in North America.

Nic Pollock, K2fly’s Chief Commercial Officer, said: “We are delighted to add another US-based, NYSE listed company and yet another gold producer to the growing list of companies using our governance and reporting software.”

“Additionally, it further validates the K2F’s RCubed software solution is the leading solution in the mining technical assurance space globally for resource and reserve governance and reporting in al commodities and especially gold, where we service five of the top 10 global gold miners by market capitalisation.”

Annual recurring revenue (ARR) is AUS$115 000 over 5 years and the total contract value it AUS$718 000. This further multi-year contract from a new customer demonstrates the continued global demand for K2F’s software solutions, particularly in North America where K2fly opened an office in Denver, Colorado, in 2020.

K2F is currently in negotiations for further multi-year contracts for its software solutions.

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