Macmahon (ASX:MAH) extends $352M contract with AngloGold Ashanti Australia
Full story: https://grafa.com/news/macmahon--asx-mah--extends--352m-contract-with-anglogold-ashanti-australia-216645
Macmahon Holdings secured a three-year contract extension valued at $352 million with AngloGold Ashanti Australia for ongoing mining services at the Boston Shaker underground mine within the Tropicana gold operation in Western Australia.
The extension, effective until May 1, 2027, extends the partnership initiated in 2019.
Anticipated to generate $117 million in annual revenue, the contract leverages the existing fleet.
CEO Michael Finnegan expects the extension to boost the company's return on average capital employed, aligning with the increased ROACE target from 15% to 20%.
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- Grafa·05-02Read the full story https://grafa.com/news/macmahon--asx-mah--extends--352m-contract-with-anglogold-ashanti-australia-2166451Report