Australian mine logistics company MLG says a five-year extension of its Tanami gold operations contract with operator Newmont will generate estimated annual revenues of circa-A$40 million.
ASX-listed MLG reported FY2026 first-half EBITDA of $36.5 million on revenue of $284.6 million and FY25 full-year revenue of just under $550 million. It said the new $200 million Newmont contract provided “strong medium-term revenue visibility and underpins a meaningful contribution to the company’s earnings base”, though it didn’t share terms of the latest deal.
Its mid-year EBITDA margin of 12.8% was up 17.4% year-on-year but that preceded surging fuel costs in Australia after conflict interrupted oil supplies from the Middle East.
MLG said it was providing a range of services to Newmont at Tanami, including the Granites gold mine. Haulage of ore and tailings fines, loading and unloading activities, rock breaking, tailings harvesting, stockpile management and crusher feed services were all covered under the contract.
Tanami is about 560km north-west of Alice Springs and 940km south-west of Darwin in Australia’s Northern Territory.
MLG’s share price is down more than 8% over the past month, capitalising the company at about $117 million.
