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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
DOUGLAS IM1 4LZ
Tel: 1-416-2381414
Website: www.geodrillgh.com
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 nine months ended 30 September 2019, Geodrill Ltd revenues increased 3% to $70.2M. Net income increased from $276K to $4.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Selling, General & Admin Exp decrease of 30% to $6.9M (expense), Foreign exchange gain increase of 70% to $467K (income), Finance costs decrease of 2% to $383K (expense).
Employees: 52 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $66.42M as of Sep 30, 2019
Annual revenue (TTM): $119.79M as of Sep 30, 2019
EBITDA (TTM): $29.23M as of Sep 30, 2019
Net annual income (TTM): $6.90M as of Sep 30, 2019
Free cash flow (TTM): $4.99M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 44,295,400 as of Oct 21, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization