Mets Investor > Leadership

Drillers' turn in investor spotlight is near

“Love is in the air,” said Geodrill boss Dave Harper after attending this year’s Mining Indaba at Cape Town. Back at home in Accra in Ghana, Harper wasn’t just talking about investor sentiment toward gold, base and battery metal explorers. No, drillers are also starting to get some love from equity investors who’ve been stone cold on them for five years.

Richard Roberts

Mets Investor > Leadership

Drillers' turn in investor spotlight is near

“Love is in the air,” said Geodrill boss Dave Harper after attending this year’s Mining Indaba at Cape Town. Back at home in Accra in Ghana, Harper wasn’t just talking about investor sentiment toward gold, base and battery metal explorers. No, drillers are also starting to get some love from equity investors who’ve been stone cold on them for five years.

Richard Roberts

Drillers' turn in investor spotlight is near

Mounting a revival: Drillers could be on their way back (Image: Kinross Gold)

While research data suggests exploration spending, and drilling, is rebounding off a cyclical low point, real affection has so far mainly been reserved for drillers with more diverse income sources. Ausdrill (ASX: ASL), up nearly 66% in the past 12 months, is also a contract miner. Layne Christensen (NSQ: LAYN), up 27.5%, has water and construction drilling.