MANAGEMENT

K2fly, Coeur Mining sign five-year SaaS deal

Australia-based software company K2fly has signed a five-year, software-as-a-service (SaaS) resource inventory management deal with silver producer Coeur Mining.

 K2fly and Coeur Mining have just inked a five-year SaaS deal

K2fly and Coeur Mining have just inked a five-year SaaS deal

The agreement, worth A$718,000 (US$551,600), will bring K2fly's RCubed software to five active mines in Coeurs North American portfolio.

Its operations in the region include Rochester, Kensington and Wharf in the US, Silvertip in Canada and Palmarejo in Mexico.

A roll-out timeline for RCubed, which is a secure and cloud-based platform for mineral resource and reserve compliance and reporting, was not released.

Meantime, K2fly said it is in talks on additional multi-year contracts. Its chief commercial officer Nic Pollock said it is already working with five of the top ten global gold miners by market cap.

In addition to RCubed, K2fly's product and service line-up includes Infoscope and the Sateva suite. It additionally offers consulting advisory services.

In addition to its active mines, Coeur also has two development projects: La Preciosa in Mexico and Sterling Gold in Nevada, US.

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