MLG Oz's (ASX:MLG) four new contracts, expected to generate over AU$45 million in annual revenue, maintain momentum, following the company's AU$132 million contract wins in November and December 2024, Euroz Hartleys said in a Thursday note.
The contracts are for haulage and site services across four of Northern Star Resources' (ASX:NST) operations and are part of existing work that MLG has been doing for Northern Star.
Two of the contracts are expected to run until June 2027, with no timelines provided for the others, the financial services firm said.
Euroz Hartleys has a buy rating on MLG Oz.
Shares of MLG Oz rose past 3% in recent Friday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.