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Q3 2023 Trading Update.pdf

Q323-CAPD-Trading-update-FINAL_Formatted.pdf
Preview of Q3 2023 Trading Update
🔗 Source: capdrill.com
📊 Size: 220 KB
👤 Author: Microsoft account
⬇️ Downloads: 42

Summary

Capital Limited, a leading mining services company, reports a 9.0% increase in revenue to $79.7 million in Q3 2023, compared to $73.1 million in Q3 2022. Drilling and associated revenue was $51.2 million, down 2.1% from Q3 2022, while mining revenue increased 38.5% to $18.0 million and MSALABS revenue rose 36.4% to $10.5 million. The company secured a new drilling contract with Nevada Gold Mines in the USA and extended its contract with Allied Gold Corp in Mali. Fleet utilization was 72% in Q3 2023, down from 77% in Q3 2022. The company maintains its revenue guidance for 2023 at $320-340 million and expects positive momentum in Q4 2023 and into 2024.

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Description

Capital Limited, a leading mining services company, reports a 9.0% increase in revenue to $79.7 million in Q3 2023, compared to $73.1 million in Q3 2022.

Technical Information

  • File Format: PDF
  • File Size: 220 KB
  • Pages: 4
  • Language: EN
  • Author: Microsoft account
  • Total Downloads: 42
  • Last Updated: 1 week ago

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