Australia's MLG Oz hits 2-month high on multiple Gold Fields contracts

MLG Oz

06/12/2023 03:21

** Shares of mine-site service provider MLG Oz  MLG.AX  rise
as much as 5.8% to A$0.550, their highest since Oct. 3
    ** Stock posts its biggest intraday pct gain since Oct. 24
    ** Co receives contract to provide site services and haulage
at Gold Fields'  GFIJ.J  Granny Smith gold mine in Western
Australia worth about A$9 mln ($5.92 million) in FY24 additional
revenue 
    ** Says, it has received contract for provision of open pit
mining services for the Swiftsure deposit at Gold Fields’ St
Ives operations with projected revenue of about A$20 mln 
    ** Stock has risen 31.6% this year, as of last close


($1 = 1.5191 Australian dollars)

    

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))