Sector: Basic Materials | Industry: Mining Support Services & Equipment |
Company Contact | |
Address: | South Suite, Ragnall House, 18 Peel Road DOUGLAS IM1 4LZ |
Tel: | 1-416-5756965 |
Website: | https://www.geodrill-gh.com |
IR: | See website |
Key People | ||
David Michael Harper President, Chief Executive Officer, Director | Gregory G. Borsk Chief Financial Officer | Terry Frederick Burling Chief Operating Officer |
Greig Rodger Executive General Manager | Stephan Rodrigue Zone Manager - FWA (Francophone West Africa) | Victoria Prentice Corporate Secretary |
Business Overview |
Geodrill Limited is an Isle of Man-based exploration drilling company with a fleet of 76 drill rigs operating in Africa and South America. The Company operates in two continents and seven countries, namely Ghana, Burkina Faso, Cote d'Ivoire, Mali in West Arica; Egypt in North Africa; and Peru and Chile in South America. The Company provides Reverse Circulation, Diamond Core, Deep Directional Navi Drilling, Air-Core, Grade Control, Geo-Tech and Water Borehole drilling services to intermediate and junior mining companies and operates a fleet of multi-purpose rigs in Africa. Its fleet stands at 76 drills and is made up of nine types, including EDM 2000 multi-purpose (qty. 6), Sandvik DE 810 multi-purpose (qty. 11), Sandvik DE 740 core (qty. 10), Sandvik DE 710 core (qty. 10), X1200 Multi-Purpose (1), X900 Multi-Purpose (17), Austex X350 RC / Grade Control (qty. 2), Austex X300 Air-core (qty. 7) and LM90 (qty. 7). |
Financial Overview |
For the three months ended 31 March 2024, Geodrill Ltd revenues decreased 8% to $34.7M. Net income decreased 66% to $2.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Foreign exchange (loss) / gain increase from $377K (income) to $109K (expense), Finance costs increase from $112K to $236K (expense). |
Employees: | 189 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $100.42M as of Mar 31, 2024 |
Annual revenue (TTM): | $173.83M as of Mar 31, 2024 |
EBITDA (TTM): | $24.11M as of Mar 31, 2024 |
Net annual income (TTM): | -$0.17M as of Mar 31, 2024 |
Free cash flow (TTM): | -$13.37M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $4.03M as of Mar 31, 2024 |
Shares outstanding: | 51,613,540 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |