Australia's Macmahon rises on $27.3 million mining contract

EDU Holdings

01/09/2026 04:46

** Shares of Macmahon MAH.AX rise 2.5% to A$1.015, on track for best day since August 20 if gains hold
     ** The mining services provider signs contract to develop an exploration decline at the Groundrush Gold Deposit located in Australia's Northern Territory
** The agreement is valued at about A$38 million($27.25 million)
** YTD, stock up 52.6% 

($1 = 1.3947 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))