ASX:MYE

4 stories mentioning ASX:MYEUpdated 10d ago

Every FINWIRES story that references ASX:MYE, newest first.

Mastermyne Group Wins Mining Services Contract Valued at AU$255 Million; Shares Up 15%

Mastermyne Group (ASX:MYE) secured a new mining services contract with the GM3 joint venture for its Dendrobium underground coal mine in New South Wales worth up to AU$255 million, according to a Wednesday filing with the Australian bourse.The contract is for an initial two-year term with two two-year extension options, with works scheduled to start in September, the filing said.GM3 is a metallurgical coal-focused joint venture between Golden Energy and Resources and M Group, the company's largest shareholder, per the filing.Mastermyne Group shares rose 15% in morning trade Wednesday.

ASX:MYE

Asia24d ago

Mastermyne Group Exceeds Fiscal 2026 Revenue, Underlying EBITDA Guidance; Shares Surge 34%

Mastermyne Group (ASX:MYE) reported preliminary fiscal year 2026 revenue of AU$237.7 million and underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$20.3 million, both exceeding the company's outlook, according to a Wednesday filing with the Australian bourse.The company previously guided for fiscal year 2026 revenue of AU$220 million to AU$230 million and underlying EBITDA of AU$17 million to AU$18 million.Mastermyne said it saw strong acceleration in the second half of the fiscal year, driven by high strata consolidation activity, favorable market conditions, and higher production activity across some of its larger projects.The company ended June with an order book of AU$432 million, up from AU$314 million as of June 30, 2025. The pipeline of targeted opportunities has increased to AU$1.5 billion, of which AU$823 million is considered near-term, it said.Mastermyne also reported a net cash position of AU$46.5 million at the close of June, up from AU$33.1 million at the end of 2025.The company's shares surged 34% in recent Wednesday trade.

ASX:MYE

Asia53d ago

Mastermyne Group Sentenced to Pay AU$310,000 Penalty Over Fatal Moranbah North Mine Incident

Mastermyne Group (ASX:MYE) said it has accepted responsibility and entered a guilty plea in relation to legal proceedings arising from a fatal incident at the Moranbah North Mine in March 2022, which led to the death of mineworker Gavin Feltwell, according to a Tuesday Australian bourse filing.The Magistrates Court of Queensland sentenced Mastermyne to pay a financial penalty of AU$310,000 plus AU$54,000 in costs, with no conviction recorded, the filing added.

ASX:MYE

Asia106d ago

Mastermyne Group Unit Fined AU$7 Million by Queensland Court After Industrial Manslaughter Conviction

Mastermyne Group (ASX:MYE) said the District Court of Queensland fined its wholly-owned subsidiary, Mastermyne Crinum Operations, AU$7 million and also ordered it to pay the regulators costs of AU$300,000 as a consequence of the industrial manslaughter conviction, according to a Friday Australian bourse filing.An incident at the Crinum mine in September 2021 resulted in the death of Graham Dawson, and Resources Safety & Health Queensland investigated the incident, an earlier filing said. The Office of the Work Health and Safety Prosecutor brought two complaints against Mastermyne Crinum. The court returned a a guilty verdict for the industrial manslaughter charge.Mastermyne Crinum filed a notice of appeal, and a hearing date is yet to be determined.Mastermyne Group's shares surged almost 14% in recent Friday trade, hitting their highest since July 2024.

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