Geodrill Ltd. announced that the Board of Directors has declared a semi-annual dividend. The semi-annual dividend, in the amount of CAD$0.03 per share, is payable on April 8, 2022 to the shareholders of record at the close of business on March 18, 2022. The current semi-annual dividend has been increased from CAD$0.01 to CAD$0.03 reflecting the financial performance of Geodrill and our commitment to recognize and return [...]
Geodrill Ltd. announces the Company has been awarded significant multi-rig long-term drilling contracts with Endeavour Mining Plc, a West African-based mining company with gold production and exploration activities across West Africa. The contracts with Endeavour Mining Corp Plc are for a total 350,000 meters of exploration and mine reserve drilling across Endeavour Mining's key West African operations for a period of two [...]
Geodrill Ltd. announces the Company will release its financial results for the three and twelve months ended December 31, 2021, prior to the market open on Monday March 7, 2022. Following the release, management of the Company will host a conference call at 10:00 am ET to discuss the financial results. You can join the call by dialing 1888 664 6392 or local 416 764 8659. A live audio webcast of the conference call will [...]
Geodrill Ltd. announced the Company has been awarded a significant drilling contract with Centamin PLC at their Sukari Gold Mine, a low cost, bulk tonnage open pit and high grade underground gold mining operation in Egypt. The five-year contract, the largest in Geodrill's history, is for a minimum 90,000 meters of underground drilling per year utilizing five drill rigs, and is anticipated to generate revenues in excess of [...]
Geodrill Ltd. announces the Company has been awarded significant multi-rig long-term drilling contracts with Perseus Mining Ltd.. The contracts with Perseus are for exploration drilling in Ghana and Côte d'Ivoire and to be completed by August 2023 utilizing up to 15 drill rigs from the Company's existing fleet. The contracts are expected to generate revenue in excess of US$45 million over the term of the contracts [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 218,249 payment shares at an effective price of around C$0.23 in settlement of C$49,673.27 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited as originally announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its [...]
Geodrill Ltd. reported its financial results for the three month and nine month periods ended September 30, 2021. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards. Financial Overview Q3-2021: Generated revenue of $27.2M an increase of 44% compared to Q3-2020; Achieved EBITDA of $4.7M or 17% of revenue; Maintained strong profitability by achieving net income to [...]
Geodrill Ltd. announces the Company will release its financial results for the three and nine months ended September 30, 2021, prior to the market open on November 11, 2021. Following the release, management of the Company will host a conference call at 10:00 am ET to discuss the financial results. You can join the call by dialing 1888 664 6392 or local 416 764 8659. A live audio webcast of the conference call will also [...]
Geodrill Ltd. reported its financial results for the three month and six month periods ended June 30, 2021. All figures are reported in USD, unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards. Financial Overview Q2-2021: Generated revenue of $30.6M an increase of 47% compared to Q2-2020; Achieved EBITDA of $7.4M or 24% of revenue [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 1,121,270 payment shares in settlement of C$81,250.27 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited, as announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its services in cash or a combination of cash [...]
Geodrill Ltd. , a leading West African based drilling company announces the Company will release its financial results for the three and six months ended June 30, 2021, prior to the market open on Thursday August 12, 2021. Following the release, management of the Company will host a conference call at 10:00 am EDT to discuss the financial results. You can join the call by dialing 1888 664 6392 or local 416 764 8659. A [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 2,223,016 payment shares in settlement of $179,689.75 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited as announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its services in cash or a combination of cash [...]