Macmahon Selected as Preferred Mining Contractor
Key points
- Macmahon selected as preferred contractor for Ravensthorpe Gold Project
- Contract valued at approximately $240 million
- Works expected to commence in Q4 2026
- Contract term of 36 months
Full summary
Macmahon Holdings Limited (ASX: MAH) announced that its subsidiary, Macmahon Underground Pty Ltd, has been selected by Medallion Metals Ltd (ASX: MM8) as the preferred underground mining contractor for the Ravensthorpe Gold Project. The contract, valued at approximately $240 million, includes portal establishment, underground development, production, and ancillary works. The project is expected to commence in the December quarter of 2026 and will have an initial term of 36 months. Michael Finnegan, Managing Director and CEO of Macmahon, expressed enthusiasm for the partnership and the potential benefits for all stakeholders, including local communities.
Guidance
Contract value: $240 million; commencement: Q4 2026; duration: 36 months
Outlook
Macmahon looks forward to delivering safe, productive, and sustainable outcomes for the Ravensthorpe Gold Project, creating employment and development opportunities for the local community.
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