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Capital consolidates position of strength

London-listed and Africa-focused Capital Drilling has achieved a net cash position and continued to elbow its way into new markets as its diligent approach cements the company as low-risk opportunity for exposure to a recovery in exploration.

Mining Journal

In a June quarter trading update, Capital announced a quarter-on-quarter increase in rig utilisation (6%) and revenues (3%; US$19.7 million), despite a 3% drop in average revenue per operating rig. The...

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