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Macmahon Holdings Limited ( (AU:MAH) ) just unveiled an update.
Macmahon Holdings Limited has been awarded a AUD$33 million contract by PT Tambang Tondano Nusajaya to provide underground services at the Toka Tindung Gold Mine in Indonesia. This contract, set to begin immediately for a 32-month period, aligns with Macmahon’s strategic focus on expanding its presence in Indonesia through long-term partnerships. The project will utilize existing mining equipment and will not affect the company’s FY26 capital expenditure budget, reflecting its efficient resource management and commitment to growth in the region.
The most recent analyst rating on (AU:MAH) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Macmahon Holdings Limited stock, see the AU:MAH Stock Forecast page.
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 extensive experience in surface and underground mining, as well as civil infrastructure, Macmahon is recognized as a preferred contractor for various sectors, including resources, public infrastructure, and renewables projects. The company emphasizes building strong, respectful relationships with clients to ensure mutually beneficial outcomes and risk minimization.
YTD Price Performance: 27.60%
Average Trading Volume: 1,749,464
Technical Sentiment Signal: Buy
Current Market Cap: A$903.1M
For a thorough assessment of MAH stock, go to TipRanks’ Stock Analysis page.