Geodrill ( (TSE:GEO) ) just unveiled an update.
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 significant growth in net income and EBITDA, driven by new multi-year contracts in West Africa and Chile, and maintained a robust presence in Egypt. The expansion of its rig fleet from 83 to 95 rigs further supported its operations. Looking ahead to 2025, Geodrill is strategically positioned for growth, leveraging rising gold prices and expanding its operations into Saudi Arabia and South America, while continuing to respond to increased demand with fleet expansion.
More about Geodrill
Geodrill Limited is a leading drilling company based in West Africa, primarily engaged in providing drilling services. The company focuses on the mining industry, offering exploration and production drilling services, and has a strong market presence in regions such as West Africa, Egypt, and South America.
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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