Geodrill Posts Strong Q1 Results, Secures Major Contracts
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Geodrill Posts Strong Q1 Results, Secures Major Contracts

Geodrill Limited Ord (TSE:GEO) has released an update.

Geodrill Limited, a premier drilling company in West Africa, has announced a strong first quarter for 2024 with revenue reaching $34.7M and net income at $2.1M, or $0.04 per share. The company secured contracts worth $150M, including deals with top-tier mining companies, signaling a robust demand for drilling services fueled by a favorable gold market. Geodrill also celebrated a new safety record of 16.2 million hours without lost time injury, underscoring their commitment to operational excellence.

For further insights into TSE:GEO stock, check out TipRanks’ Stock Analysis page.

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