Geodrill Limited (T:GEO)
Business Focus: Mining Support Services & Equipment (NEC)
| 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 fiscal year ended 31 December 2023, Geodrill Ltd revenues decreased 6% to $130.5M. Net income decreased 79% to $3.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Selling, General & Admin Exp increase of 63% to $18.9M (expense), Other (loss) / income increase from $524K (income) to $819K (expense), Depreciation in SGA increase of 63% to $859K (expense). |
| Employees: | 189 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $93.45M as of Dec 31, 2023 |
| Annual revenue (TTM): | $178.34M as of Dec 31, 2023 |
| EBITDA (TTM): | $28.98M as of Dec 31, 2023 |
| Net annual income (TTM): | $5.33M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$5.85M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 51,613,540 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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