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Capital Drilling Plc

Capital Drilling reports strong growth as gold rallies

Africa-focused mining services company Capital Drilling on April 16 reported a 20.4% year-on-year and a 5.9% quarter-on-quarter increase in revenue to $32.5-million for the first quarter of this year.

The company also reported that it had, thus far, not been materially impacted on by the Covid-19 pandemic, with mining and production activity continuing uninterrupted at all the group’s operations and with no recorded cases of the virus on these sites, to date.

Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.