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Over the years, Stockhouse readers, viewers and listeners have enjoyed the opportunity to discover thousands of new and established small cap metals & mining companies…from explorers to producers to developers…and everything in-between.
But it’s rare to find a publicly-listed company that’s doing the boots-on-the-ground business of physically doing the drilling.
high da profile creation sites list is an exploration drilling company operating a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air core, grade control, geo-tech, and water-bore drilling services to major, intermediate, and junior mining companies. Most of its revenues are derived from its drilling services across multiple regions throughout the African subcontinent.
Stockhouse Media’s Dave Jackson met up with Geodrill’s President, CEO and Director Dave Harper – a mining industry veteran with more than 30 years’ experience in the drilling industry, 26 of those years in management, and 23 in West Africa – to discuss the company’s solid year of financial performance, a look ahead to what’s in store for 2021, and how they became the “most profitable drill operator in Africa.”
Well, everyone’s been affected by COVID right. For us it wasn’t easy, but I think it’s fair to say that we’ve been pretty well. You know, in some ways somehow, we managed to take some, some positives away from it. It enabled us to catch up with maintenance and training. So the thing is that coming out of COVID things are actually getting quite busy now and, and you know, as things start to normalize, we, what we’re seeing is if I going to explain it in my terms is what that wound up elastic band effect you’ve got on it suddenly released. And there was, you know, that was evidenced by a very strong Q4 results that were released yesterday. And, and the good news is rig utilization, which is what drives our, our revenues rig utilization is increasing. So we, you know, we continue to be operationally and financially durable and growth ready coming out of COVID.