Americas mining contractor and engineering group Stracon has confirmed its Lima Stock Exchange listing after making its Toronto market debut and achieving a circa-US$400 million public valuation last month.
The company, controlled by UK-based Ashmore Group, gained entry to the Bolsa de Valores de Lima early last year and has restored the secondary listing after redomiciling to Canada in December.
Stracon said its Lima and Toronto quotations shared the same STG ticker symbol.
It indicated the “cross-border amalgamation” of its Canadian and Peruvian business interests, and redomiciling, were complicated affairs.
“In connection with the [Toronto] listing, certain waivers from TSX requirements were successfully obtained and company employees worldwide became shareholders,” Stracon said.
Stracon joins Redpath, Major Drilling International and North American Construction Group among larger international contract mining and drilling groups.
It was on track to generate about US$750 million of revenue in the 12 months to December 31, 2025, after reporting a 5.6% year-on-year increase in the first nine months of the year to $551.3 million. Adjusted EBITDA for that period was in line with the previous year at $64.5 million.
Stracon’s fiscal 2024 revenue was $718.2 million, 52% of it from copper projects – mainly in Chile and Peru – and 34% from gold. FY23 revenue was reported as $567.7 million.
It thinks the Americas openpit and underground mining services market might be worth $24.8 billion, while the total addressable market for contracting and engineering services could be $35.2 billion per annum, rising to almost $50 billion pa as soon as 2030.
Stracon had a $1.59 billion contract backlog at the end of September, 2025, compared with $1.79 billion at the end of 2024.
The company says its current client list includes BHP, Glencore, Teck, Anglo American, Antofagasta Minerals, Hudbay Minerals and First Quantum Minerals.
It announced late in December a “significant” integrated engineering, construction, financing and long-term operations and maintenance contract from Anglo American, without disclosing the contract value. The work was related to the Perez Caldera tailings dam at the Los Bronces operation in Chile.
