11:46 Thu 22 Aug 2019
Capital Drilling primed for exploration upswing as gold price climbs
read more >Capital Drilling Limited's (LON:CAPD) Jamie Boyton tells Proactive London's Andrew Scott the recent upsurge in the gold price is good news for the company.
He says with roughly 90% of the company's revenues linked to gold exploration activities, the company's prospects are looking bright, particularly in view of its strategic expansion into West Africa, which has several relatively underdeveloped gold deposits.
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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...
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