-Strong Demand Fuels Record Revenue, EBITDA, and Shareholder Equity- Geodrill Ltd. , a leading West African based drilling company, reported its financial results for the three month and six month period ended June 30, 2022. All figures are reported in U.S. dollars , unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards . Financial Overview [...]
Geodrill Ltd. , a leading West African based drilling company, announces that the Company will release its financial results for the six months ended June 30, 2022, prior to the market open on Monday August 8, 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 1-888-664-6392 or local 416-764-8659. A live audio [...]
Geodrill Ltd. has accepted its notice of intention to renew its normal course issuer bid to purchase outstanding ordinary shares of the Company on the open market in accordance with the rules of the TSX. Any such purchases will occur from time to time and in aggregate will be up to 2,274,570 Ordinary Shares over a 12-month period commencing on June 7, 2022 and terminating on June 6, 2023. The New NCIB Program was approved [...]
Geodrill Ltd. announced the voting results of its Annual and Special Meeting of Shareholders held on May 9, 2022. The nominees listed in the management information circular dated April 4, 2022 were elected as directors of the Company at the Meeting. Detailed results of the vote are set out below: Director Outcome of Vote Yes No Abstain Dave Harper Carried 34,951,616 100% 0 0.00% 0 0.000% John Bingham Carried 26,699,601 [...]
Geodrill Ltd. reported its financial results for the three month period ended March 31, 2022. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards. Financial Overview Q1-2022: Generated record revenue of $33.4M an increase of $2.7M or 9% compared to Q1-2021; Delivered record net income of $6.0M or $0.13 per Ordinary Share; Achieved EBITDA of $10.4M or 31% of revenue [...]
Geodrill Ltd. announces the Company's Annual and Special Meeting of Shareholders will be held at the Company's office at Ragnall House, 18 Peel Road, Douglas, Isle of Man, IM1 4LZ on Monday May 9, 2022, at 3:00 p.m. The Company will only conduct the formal legal business at the Meeting and provide access via a teleconference. The Company requests that shareholders vote in advance by voting on-line as noted on their proxy [...]
Geodrill Ltd. reported its financial results for the three and twelve months ended Dec 31, 2021. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards. Highlights for Fiscal 2021: Generated revenue of $115.2M representing a 40% increase compared to Fiscal 2020; Increased net income to $14.1M or $0.31 per share representing an 88% increase compared to Fiscal 2020 [...]
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 [...]
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