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TDUX
Oct 04 - 09:55 PM
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Gold - Australia's Macmahon Holdings Gains On Securing $68 Million Gold Mine Contract Extension

By Roshan Thomas  —  Oct 04 - 08:04 PM

• Shares of Macmahon Holdings rise as much as 5% to A$1.050, posting their biggest intraday percentage gain since September 24

• Mining services provider's unit Macmahon Underground secures two-year contract extension from Vault Minerals at Daisy Milano gold mine in Western Australia

• Says extension is expected to generate about A$98 million ($68.13 million) in revenue, extends contract to October 2028

• Says FY27 guidance and capital expenditure budget remain unchanged

• Stock up 57.1% this year, as of last close

($1 = 1.4384 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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