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Macmahon Holdings Limited ( (AU:MAH) ) just unveiled an announcement.
Macmahon Holdings Limited has been awarded a contract by PT Freeport Indonesia to provide underground mining services at the Kucing Liar mine in Central Papua, Indonesia, one of the world’s largest copper-gold deposits. The contract, valued at AU$36 million for the first year, spans 34 months and involves developing underground fixed facilities. This award underscores Macmahon’s commitment to fostering long-term partnerships and supporting regional development, with no changes to its FY26 guidance and capital expenditure budget.
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. The company has established itself as a preferred contractor for various projects in resources, non-resources, public infrastructure, and renewables sectors, focusing on building strong, transparent relationships with clients to achieve mutually beneficial outcomes.
YTD Price Performance: 62.12%
Average Trading Volume: 3,002,189
Technical Sentiment Signal: Buy
Current Market Cap: A$1.12B
For a thorough assessment of MAH stock, go to TipRanks’ Stock Analysis page.