Australia's Macmahon Holdings gains on securing $68 million gold mine contract extension

By Reuters News

** Shares of Macmahon Holdings MAH.AX rise as much as 5% to A$1.050, posting their biggest intraday percentage gain since September 24

** Mining services provider's unit Macmahon Underground secures two-year contract extension from Vault Minerals VAU.AX at Daisy Milano gold mine in Western Australia

** Says extension is expected to generate about A$98 million ($68.13 million) in revenue, extends contract to October 2028

** Says FY27 guidance and capital expenditure budget remain unchanged

** Stock up 57.1% this year, as of last close


($1 = 1.4384 Australian dollars)

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