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Capital Drilling optimistic of another good year as it grows presence in West Africa

Capital Drilling Ltd's (LON:CAPD) executive chairman Jamie Boyton tells Proactive London he's anticipating revenue for the mining contractor of between US$110mln and US$120mln for 2019.

The company finished 2018 with net cash of US$10.9mln, up 122% on 2017, and announced a 25% increase to the final dividend to 1.5 US cents per share.

Boyton describes the period as one of significant progress with record net cash generated from its assets, a further strengthening of the balance sheet, as well as 'key strategic growth' into West Africa.

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LSE:CAPD
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Market Cap: £82.53 m
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Capital Drilling confident of continued activity from producing mining sites

Capital Drilling Ltd (LON:CAPD) chairman Jamie Boyton caught up with Proactive London's Andrew Scott to talk through the firm's 2019 results and how they're dealing with the current uncertainty around the outbreak of coronavirus. He's expecting exploration activity to soften a little as...

on 19/3/20

2 min read