- Major extension to Telfer gold mine contract
- Contract value of $485 million over 42-month term
- Extension a significant expansion of mining operations within West Dome Stage 7
- Macmahon has been providing services at Telfer since 2015
Macmahon Contractors, a subsidiary of mining and civil infrastructure services provider Macmahon Holdings’ (ASX: MAH), has been awarded a 42-month extension at the Telfer gold mine in WA.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The contract at the Greatland Resources (ASX: GGP) operated asset is valued at $485 million for the 42-month term.
Macmahon have been delivering mining services at the Telfer gold mine since 2015.
Macmahon MD and CEO, Michael Finnegan, said the Telfer extension represents a significant expansion of mining operations within West Dome Stage 7, including increased mining volumes and the delivery of full mining services, including drill and blast, load and haul, and associated operational activities.
“This extension represents an important milestone in our partnership with Greatland and reinforces the strategic importance of Telfer to our business and reflects our proven track record of operational performance on site for over a decade,” he said.
“We are proud of the contribution our people have made over this period and look forward to supporting Greatland as it advances Telfer’s next phase of growth and value creation.
“We remain focused on delivering safe, reliable and productive outcomes while strengthening our collaboration with Greatland.”
The Telfer extension adds to a strong run of contract success for Macmahon.
Earlier this month the company was selected by Medallion Metals (ASX: MM8) as the preferred underground mining contractor for the Ravensthorpe gold project in WA.
The scope of the works includes portal establishment, underground development, production and ancillary works. Works are expected to commence in the December quarter 2026. The contract will have an initial term of 36 months and is valued at approximately $240 million.
A day earlier, another wholly owned subsidiary, Macmahon New Zealand, landed a $406 million underground mining contract services contract at the Snowy River gold mine project.
MAH was steady at $1.02 with a Mkt cap of $2.208B prior to markets opening.
Join the discussion: See what HotCopper users are saying about Macmahon Holdings and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.