Australia's Macmahon Holdings rises on gold mine restart contract

Macmahon Holdings

23/03/2026 24:48

** Macmahon Holdings MAH.AX up as much as 4.8% to A$0.66, highest since March 10

** Mining services provider executes Letter of Intent (LOI) with unit Wolfram

** Says LOI to restart operations at its Mount Carlton Gold Mine in Australia

** Adds contract valued at ~A$250 mln ($174.8 mln)

** MAH trims YTD losses to 2.7%

($1 = A$1.4304)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))