Boom Logistics contract with Newmont Mining

Boom Logistics Limited (ASX: $BOL) has announced the award of a contract with Newmont Mining at their Boddington Gold Operation in Western Australia. The contract is expected to generate approximately $60 million in revenue over the initial 5 years, commencing in 4Q FY24. This brings the total new contract wins and renewals for Boom to over $174 million year-to-date in FY24.

Executive Commentary on Contract Award

The contract builds upon our relationship with Newmont where we have established a track record of executing and delivering large project work. Boom are continuing to see a strong operating environment across our core markets and remain actively engaged in discussions for further work with a range of counterparties. The positive operating outlook and our continued execution against our strategic roadmap provides continued confidence in achieving our FY24 guidance of an NPAT in excess of $6 million and delivering enhanced returns for our shareholders.

Summary of Boom Logistics Announcement

Boom Logistics Limited (ASX: $BOL) has secured a significant contract with Newmont Mining at their Boddington Gold Operation in Western Australia, expected to generate approximately $60 million in revenue over the initial 5 years. The company has also secured over $174 million in new contract wins and renewals year-to-date in FY24. The CEO, Ben Pieyre, expressed confidence in achieving the FY24 guidance of an NPAT in excess of $6 million and delivering enhanced returns for shareholders, citing a strong operating environment and continued execution against their strategic roadmap. The announcement reflects the company's positive outlook and ongoing efforts to expand its project portfolio and deliver value to its stakeholders.