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Mayfield Group Expands Underground Mining Reach with $30M SMEC Acquisition
8:06pm on Wednesday 25th of February, 2026 AEDT
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Mayfield Group Expands Underground Mining Reach with $30M SMEC Acquisition
8:06pm on Wednesday 25th of February, 2026 AEDT
Key Points
Acquisition of SMEC Power & Technology for up to $30 million
Entry into underground mining electrical infrastructure sector
Consideration split: 70% upfront, 30% earn-out with cash and MYG shares
SMEC services 85% of top 20 WA gold producers and exports to Africa and Asia
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MAYFIELD GROUP HOLDINGS (ASX:MYG)
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