Business
Macmahon (ASX:MAH) share price climbs higher on positive update
The Macmahon Holdings Limited (ASX: MAH) share price is climbing higher in early afternoon trade. This comes after the company announced it has won an underground mining contract.
The Macmahon share price rose to an intraday high of 27.5 cents in early trade. However, its shares have pulled back this afternoon to 25.5 cents at the time of writing, up 4.9%.
A closer look at the contract award
The Macmahon share price is on move today after reporting a positive update that has investors upbeat.
According to its release, Macmahon advised its subsidiary, GBF has secured a contract from Silver Lake Resources Limited (ASX: SLR) for mining works at the Deflector gold and copper mine in Western Australia.
Macmahon fully acquired…
-
Noosa News22 hours agoUpdate 2: Suspicious disappearance investigation, Kelvin Grove
-
General23 hours agoQueensland government dumps Forest Wind project
-
Noosa News18 hours agoMassive wind farm project in Queensland axed amid community backlash
-
Business21 hours agoIAG shares are racing higher today. Here’s why