0151 GMT - Confidence in Macmahon's earnings base continues to build, says Euroz Hartleys. ASX-listed Macmahon Wednesday announced a 12-month contract extension at Black Cat's Majestic mine. "While no contract value was disclosed, the extension adds further visibility to MAH's underground mining work and supports continued activity at Majestic," says Euroz Hartleys. The broker expects "further work opportunities" to come. Shares in the mining services firm have more than tripled over the past year. The stock is down 1.9% at roughly A$0.93/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 26, 2026 21:51 ET (01:51 GMT)
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