Latest Mining Services News

Mastermyne Group Limited (ASX:MYE) delivered a robust FY26 with revenue up 13% to $237.7 million and underlying profit before tax surging 148% to $15.7 million, supported by contract wins and a record order book.

Cavalier Resources has chosen SSH Group as its preferred mining contractor for the initial oxide pit at the Crawford Gold Project, aiming to kickstart mining operations within the next year.

Macmahon Holdings has locked in a $485 million, 42-month contract extension at the Telfer Gold Mine, expanding its mining services footprint in Western Australia and reinforcing a decade-long partnership with Greatland Resources.

Mitchell Services (ASX:MSV) posted a strong FY26 with revenue up 5% to A$207.4 million and EBITDA surging 67% to A$42.8 million. The company returned to a net cash position of A$3.5 million and declared a fully franked 2 cent dividend, reflecting robust operational execution and a strategic pivot towards gold.

Perenti Limited (ASX:PRN) has announced an on-market buy-back of up to 84.5 million ordinary shares, set to run from late August 2026 through July 2027. The move aims to manage capital structure without shareholder approval, leveraging Canaccord Genuity as broker.

Astral Resources’ 92-hole in-fill drilling at Think Big confirms shallow, high-grade supergene gold mineralisation, advancing a fully funded joint venture with Mineral Mining Services toward mining in early 2027.

Perenti Limited has agreed to sell its equipment rental and parts sales business BTP Group for A$100 million, reflecting a strategic portfolio shift. The transaction will result in a significant non-cash loss in FY26 but frees capital for higher-return mining contracts.

MLG Oz Limited lifted net profit after tax by 19.2% to $14.5 million, supported by stronger crushing and screening services and renewed contracts with key mining clients.

Emeco Holdings posted a 5% rise in operating NPAT for FY26, strengthened its balance sheet with net debt down to $127 million, and launched a 10% on-market share buy-back while advancing its net zero emissions strategy.

Lycopodium Limited reported a solid FY26 with $377.5 million revenue, a slight profit dip, and a 69% dividend hike, while setting sights on accelerated growth in the Americas.

Critica Limited is reshaping its Mt Lindsay Tin-Tungsten Project with an innovative underground mining approach, aiming to reduce surface disturbance and integrate environmental and commercial factors amid strengthening commodity prices.

Lycopodium Limited has won a A$37 million EPCM contract to develop a new silver oxide processing plant at Bolivia’s San Cristóbal Mine, aiming to boost silver production alongside existing operations.