Parsons Secures Significant Contract To Continue Managing Faro Mine Remediation

February 16, 2022 2:44 PM | 1 min read |

Parsons Corp 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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