MLG Oz secures five-year Newmont Tanami services extension worth $200m

MLG Oz Ltd ( (AU:MLG) ) just unveiled an update.

MLG Oz has secured renewed commercial terms with Newmont to continue and expand integrated site services at the Tanami Operations in the Northern Territory, reinforcing its position as a key provider to the Granites gold mine. The contract, which starts a new five-year term from May 2026 with two one-year extension options, will cover haulage, loading, rock breaking, tailings harvesting, stockpile management and crusher feed services.

The agreement is expected to generate about $200 million in revenue over its term, or roughly $40 million a year, providing strong medium-term revenue visibility against MLG’s current annual revenue base of just under $550 million. The deal underpins a meaningful contribution to earnings and highlights customer confidence in MLG’s integrated service model, supporting safe and efficient operations at one of the Northern Territory’s key gold assets.

The most recent analyst rating on (AU:MLG) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.

More about MLG Oz Ltd

MLG Oz Limited is a Kalgoorlie-based integrated mining services and resource asset management company that provides tailored support to ore processing operations across gold, iron ore and other base metals in Western Australia and the Northern Territory. Its integrated model spans civil and construction works, crushing and screening, bulk haulage and site services, alongside supply of open pit mining and construction materials from regional quarries.

Average Trading Volume: 301,620

Technical Sentiment Signal: Sell

Current Market Cap: A$120.8M

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