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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.

Energold heads back up the mountain Energold heads back up the mountain Energold heads back up the mountain Energold heads back up the mountain 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.

Huang was speaking at AME Roundup in Energold's home...