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15 April 2021 | 09:17am
StockMarketWire.com - Mining services company Capital reported that revenue rose by more than third in the first quarter of 2021 from a year earlier as demand for drilling services boosted new business wins.
Revenue jumped 35.4% to US$44.0 million year-on-year as fleet Utilisation increased to 67%, an increase of 17.5% on Q1 2020, driven by start-up of new contracts. The first quarter of 2021 has been the strongest revenue performance in Capital s history, underpinned by significant demand for drilling services in particular, and supported by growth in the Company s non-drilling services, the company said.
Looking ahead to 2021, revenue guidance remains within the $185 to $195 million range, compared to FY2020 revenues of $135 million, driven by higher drill rig utilisation, new contracts and contract extensions and the commencement of the load and haul waste mining contract at Sukari, Egypt, the company said.
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Altus Strategies Plc has announced the delineation of a significant and coherent, shallow-dipping and near-surface potential gold deposit (Diba NW), located approximately 1.5 km northwest of the primary deposit at its 100% owned Diba gold project in western Mali. Diba NW has been defined from the combination of results from the recently completed 10 308 m reverse circulation (RC) drilling programme and historical project data.
Highlights
Shallow dipping gold discovery 1.5 km northwest of the Diba Deposit in western Mali.
Diba NW is currently 550 m long, 150 m wide and open along strike and down dip.
Intersections at Diba NW include (down-the-hole and not true widths):
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Altus Strategies Plc has announced further encouraging results from the recently completed 10 308 m reverse circulation (RC) drilling programme at its 100% owned Diba gold project located in western Mali. Diba hosts a shallow-dipping, near-surface gold deposit (the Diba deposit) and several other prospect areas.
Highlights
Further encouraging intersections from Diba Deposit, including (intersections are down-the-hole and not true widths):
43.83 g/t gold (Au) over 5 m from surface.
11.03 g/t Au over 3 m from 37 m.
2.11 g/t Au over 14 m from 21 m.
Diba deposit extended by 100 m to the west with near surface lenses intersected.
Approximately 25% of the assay results from the drilling programme are pending.
20 January 2021 | 10:01am
StockMarketWire.com - Mining services company Capital said it had appointed Giles Everist to the role of chief financial officer, starting from 1 March 2021.
Everist would replace Andre Koekemoer, who had resigned to return to South Africa for personal reasons.
At 10:01am: [LON:CAPD] Capital Drilling Ltd share price was 0p at 64p
Story provided by StockMarketWire.com
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