Vault Minerals stock gets Daisy Milano mine contract extension

Published on 10/08/2026 at 05:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vault Minerals stock is tied to a two-year Daisy Milano extension worth A$98 million, with work continuing through October 2028. FY26 net profit reached A$278.4 million.

Vault Minerals, AU0000355588, Illustration mit AI erstellt.

Vault Minerals (ISIN AU0000355588) has extended mining services at its Daisy Milano gold mine under a contract worth A$98 million. The agreement keeps operations in place through October 2028, adding a concrete operating milestone as the company advances its wider growth and merger plans.

Daisy Milano secures longer mine coverage

As Simply Wall St reported on October 8, 2026, Vault Minerals extended its mining services contract with Macmahon Underground at Daisy Milano in Western Australia. The two-year extension provides operational coverage until October 2028 and continues work that began in 2024.

Yahoo Finance reported on October 6, 2026, that Macmahon Underground will continue mine development, charging, and load and haul services. The contract is expected to add A$98 million in revenue to Macmahon and leaves its fiscal 2027 guidance and capital expenditure budget unchanged.

FY26 cash generation sets the base

According to Kapitales Research on September 11, 2026, Vault Minerals reported fiscal 2026 statutory net profit of A$278.4 million and underlying EBITDA of A$953.3 million. Metal sales revenue reached A$1.88 billion, up from A$1.43 billion in fiscal 2025, while operating cash flow rose to A$888.0 million.

The comparison matters because revenue increased 31.3 percent even as gold sales declined to 334,904 ounces from 385,232 ounces. The average realized gold price rose to A$5,557 per ounce from A$3,684, helping offset the lower sales volume. The company also ended its remaining gold forward contracts covering 57,542 ounces.

The Globe and Mail reported on October 6, 2026, that the Supreme Court of Western Australia approved the next steps for the proposed Genesis Minerals merger. The shareholder scheme meeting is scheduled for November 11, 2026, making execution and approval important variables alongside mine performance.

Consensus target stays above the quote

Investing.com lists a Buy consensus from 6 analysts, with an average 12-month target of AUD 6.833. The highest target is AUD 8.6 and the lowest is AUD 6.0, putting the average target 15.4 percent above the ASX price of AUD 5.92.

Vault Minerals stock remains below its yearly high

Vault Minerals stock was last at AUD 5.92 on the ASX on October 8, 2026 at 1:22 p.m. AEDT, down 0.50 percent from the prior close. The price stood 17.4 percent below the 52-week high of AUD 7.17 and above the 52-week low of AUD 3.58, while market capitalization was AUD 6.1 billion and volume reached 2,410,605 shares.