Geodrill said it sees “robust” demand for metals and minerals driving more business for its drilling services in West Africa.
On outlook:
“Demand for drilling services has continued to increase and the company expects the robust mining and exploration cycle will continue in 2023.”
It also expects the price of gold to continue “to provide a strong tailwind for exploration drilling.”
On drilling expectations:
“We are seeing drilling activity increase in the early part of the third quarter compared to the latter part of the second quarter, and we are confident we will have a strong finish to the year.” — Geodrill Chief Financial Officer Greg Borsk
On demand:
“The global mineral market remains robust with demand for precious and base metals and critical minerals rising exponentially.” — Chief Executive Officer Dave Harper
Write to Susan Solan at [email protected]
Read the full article here
