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Energold heads back up the mountain

Energold Drilling Corp (TSXV: EGD) director of corporate development Jerry Huang says the “bellwether” mineral driller has started the long climb back to high levels of fleet utilisation, revenues, profits and maybe even a stock price resembling the C$5.60 market hit back in 2012 when 600,000m brought in $120 million at the prevailing boom-time rates.

Richard Roberts in Vancouver

Mets Investor > Events-coverage

Energold heads back up the mountain

Energold Drilling Corp (TSXV: EGD) director of corporate development Jerry Huang says the “bellwether” mineral driller has started the long climb back to high levels of fleet utilisation, revenues, profits and maybe even a stock price resembling the C$5.60 market hit back in 2012 when 600,000m brought in $120 million at the prevailing boom-time rates.

Richard Roberts in Vancouver

Energold heads back up the mountain

Helicopter supply drop to an Energold rig

Total revenue that year was circa-C$141 million, but the company posted a net loss that grew in subsequent years as the downturn hit.