Macmahon Secures $172 Million in New Mining Contracts

An announcement from Macmahon Holdings Limited ( (AU:MAH) ) is now available.

Macmahon Holdings Limited has secured a significant underground mining services contract at the Deflector Underground Gold Copper Mine in Western Australia, expected to add $105 million to its orderbook. The contract, starting May 2025, requires no significant capital expenditure beyond sustaining capital, leveraging Macmahon’s existing presence at the site. Additionally, Macmahon has been confirmed as the mining contractor for Genesis Minerals Limited’s Gwalia and Ulysses Gold Projects, adding $67 million to its orderbook. This new contract, commencing in April 2025, also requires no significant capital expenditure, maintaining the company’s FY25 capital expenditure budget and earnings guidance.

More about Macmahon Holdings Limited

Macmahon Holdings Limited is an ASX-listed company providing comprehensive mining and civil infrastructure services across Australia and Southeast Asia. With expertise in surface and underground mining as well as civil infrastructure, Macmahon is a preferred contractor for various resources, non-resources, public infrastructure, and renewable projects. The company emphasizes building strong, respectful relationships with clients to ensure mutually beneficial outcomes while minimizing risks.

YTD Price Performance: -20.95%

Average Trading Volume: 48,391

Technical Sentiment Signal: Sell

Current Market Cap: $368.6M

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