https://newsletter.mw.creamermedia.com
Business|Gold|Mining|Underground|Drilling
Business|Gold|Mining|Underground|Drilling
business|gold|mining|underground|drilling

Centamin awards Geodrill $54m drilling contract

1st February 2022

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

TSX-listed drilling company Geodrill has been awarded a significant drilling contract with London- and Toronto-listed gold producer Centamin at its Sukari gold mine, which is a low-cost, bulk tonnage openpit and high-grade underground gold mining operation in Egypt.

The five-year contract, the largest in Geodrill’s history, is for a minimum 90 000 m of underground drilling a year using five drill rigs. It is anticipated to generate revenues in excess of $54-million over the term of the contract. The win also extends Geodrill’s footprint into a new geographical region, the company says.

“That Geodrill was awarded this contract is a testament to our operational performance, reputation for excellence and is in line with our strategy of focusing on long-term contracts with top-tier customers in new geographic regions driving future growth of our business,” says Geodrill president and CEO Dave Harper.

“Not only does our business with Centamin complement our existing work, it will also help us counter cyclical industry downturns while at the same time delivering a significant, stable base of long-term revenue over the next five years.”

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

An image showing the Kloof gold mine
Sibanye-Stillwater secures six health and safety awards
18th November 2024 By: Tasneem Bulbulia

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.057 0.149s - 128pq - 2rq
Subscribe Now