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