MLG Oz wins $20m in new mining service contracts and extensions

An update from MLG Oz Ltd ( (AU:MLG) ) is now available.

MLG Oz has secured a suite of new and extended contracts worth about $20 million in annual revenue, underscoring its role as a key services provider to major gold producers in Western Australia. The company locked in a five-year extension for road maintenance and site services at the Gruyere gold mine, expected to deliver around $4 million per year and reflecting its entrenched presence and service quality at the operation.

In addition, MLG won a multi-site mobile crushing contract with Northern Star Resources across its Yandal and Kalgoorlie production centres through to September 2028, marking a significant expansion of that relationship. It also received a letter of intent for a three‑month civil construction project with Endurance Mining, worth about $6 million, broadening its client base and reinforcing its growth prospects in core mining services and civil projects.

The most recent analyst rating on (AU:MLG) stock is a Hold with a A$0.76 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 Ltd is a Kalgoorlie-based integrated mining services and resource asset management company servicing gold, iron ore and other base metal operations in Western Australia and the Northern Territory. The company provides civil and construction works, crushing and screening, bulk haulage, site services, and open-pit mining and construction materials, often under build-own-operate and contract crushing models that support clients’ ore processing facilities.

Average Trading Volume: 319,416

Technical Sentiment Signal: Sell

Current Market Cap: A$120.8M

For an in-depth examination of MLG stock, go to TipRanks’ Overview page.