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North American Construction Group ( (TSE:NOA) ) has issued an announcement.
North American Construction Group Ltd. announced that its subsidiary, MacKellar Group, has secured a significant contract for a copper mining project in New South Wales, Australia, marking new geographic and customer expansion. The contract, expected to generate $100 million in revenue, involves infrastructure development and mining activities, with operations commencing in early 2025 and concluding in mid-2026. This award aligns with NACG’s strategic goals of diversification and enhances its operational presence in Australia, though it does not alter the company’s revenue forecast for 2025.
More about North American Construction Group
North American Construction Group (NACG) is a prominent provider of heavy construction and mining services in Canada and Australia. With over 70 years of experience, NACG serves the mining, resource, and infrastructure construction sectors. Its subsidiary, MacKellar Group, has specialized in heavy earthmoving equipment solutions since 1966, establishing a strong reputation for performance and reliability.
YTD Price Performance: 1.55%
Average Trading Volume: 54,556
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $561.9M
For an in-depth examination of NOA stock, go to TipRanks’ Stock Analysis page.
