Posted by Daniel Gleeson on 18th November 2024
Macmahon Holdings Restricted says it has been awarded a two-year contract extension by Vault Minerals (previously Pink 5) on the Daisy Milano gold mine inside its Mount Monger operation within the Kalgoorlie area of Western Australia.
Macmahon has been offering underground mining companies at Daisy Milano since buying the contract earlier this yr as a part of the takeover of the Pit n Portal (PnP) underground companies enterprise from Emeco Holdings Ltd, together with mine improvement, manufacturing charging and cargo and haul companies.
The 2-year contract extension to October 2026 is predicted so as to add roughly A$90 million ($58 million) of income in the direction of Macmahon’s secured orderbook and can utilise
present fleet as required for the mission.
Macmahon CEO and Managing Director, Michael Finnegan, stated: “We’re delighted to proceed working with the workforce at Daisy Milano and constructing on our valued relationship with Vault Minerals. We’re centered on persevering with to drive security and efficiency outcomes for our consumer.”
Within the 2024 monetary yr, the Mount Monger operations delivered complete gold gross sales of roughly 97,000 ozat an all-in-sustaining-cost (AISC) of A$2,176/oz. The three mining centres – Daisy, Mount Belches and Aldiss – produced roughly 657,000 t of ore at a mean grade of three.9 g/t Au from underground sources and roughly 67,000 t of ore at a mean grade of 0.93 g/t Au from open-pit sources.
