An announcement from Geodrill ( (TSE:GEO) ) is now available.
Geodrill Limited reported record-breaking financial results for the fiscal year 2024, with revenue reaching $143.1 million, a 10% increase from the previous year. The company achieved a significant increase in net income and EBITDA, driven by new multi-year contracts in West Africa and Chile. Geodrill ended the year with a fleet of 95 rigs and a strong cash position, despite operating in a challenging inflationary environment. Looking ahead to 2025, Geodrill is strategically positioned for growth, leveraging rising gold prices and expanding its presence in the Middle East and South America.
More about Geodrill
Geodrill Limited is a leading drilling company based in West Africa, specializing in providing drilling services. The company focuses on the mining industry, particularly in regions like West Africa and South America, and has recently expanded its operations to include a presence in Egypt and Saudi Arabia.
YTD Price Performance: 1.31%
Average Trading Volume: 13,956
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$146.2M
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