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Geodrill Limited (T:GEO)

Business Focus: Mining Support Services & Equipment

Sector:  Basic Materials Industry:  Mining Support Services & Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: South Suite, Ragnall House, 18 Peel Road
Tel: 1-416-2381414
IR: See website
Key People
John Bingham
Independent Chairman of the Board
David Michael Harper
President, Chief Executive Officer, Director
Gregory G. Borsk
Chief Financial Officer
Terry Frederick Burling
Chief Operating Officer
Stephan Rodrigue
Business Development Manager
Victoria Prentice
Corporate Secretary
Business Overview
Geodrill Limited is an exploration drilling company. The Company operates a fleet of Multi-Purpose, Core, Air-core and Grade Control drill rigs. The Company's geographic segments include Ghana and Outside Ghana. The multi-purpose rigs can perform both reverse circulation (RC) and diamond core (Core) drilling and can switch from one to the other. Multi-purpose rigs provide clients with RC drilling and the depth of Core drilling without the need to have two different drill rigs on site. Its drilling services also include water borehole and directional drilling. The Company's products include EDM 2000 multi-purpose, Sandvik DE 820 multi-purpose, Sandvik DE 810 multi-purpose, Sandvik DE 710 core, Austex X350 RC/Grade Control and Austex X300 Air-core. Its rigs and support equipment also include a fleet of boosters and auxiliary compressors. The Company has a fleet of approximately 40 drill rigs operating in Africa. It has operations in Ghana, Burkina Faso, Cote d'Ivoire, Mali and Zambia.
Financial Overview
For the three months ended 31 March 2020, Geodrill Ltd revenues decreased 19% to $18M. Net income decreased 92% to $117K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Depreciation in SGA increase from $17K to $89K (expense), Foreign exchange gain decrease of 27% to $190K (income), Depr of Fin Lease R/O Use Assets in SGA increase of 5% to $106K (expense).
Employees: 52 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $74.62M as of Mar 31, 2020
Annual revenue (TTM): $110.91M as of Mar 31, 2020
EBITDA (TTM): $21.43M as of Mar 31, 2020
Net annual income (TTM): $3.28M as of Mar 31, 2020
Free cash flow (TTM): $6.93M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 44,541,900 as of Jul 23, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization