METS

Capital well set for 2021 despite soft Q4

Mining services firm Capital Limited delivered slightly underwhelming results for the December quarter, but appears well set for 2021 with its lucrative contract with Centamin set to kick in in the coming weeks.

Capital Limited signed two bumper contracts with Centamin's Sukari gold mine located in Egypt in 2020

Capital Limited signed two bumper contracts with Centamin's Sukari gold mine located in Egypt in 2020

Revenue in Q4 was up 13% year on year at US$34.6 million but down 2% versus Q3 due to lower utilisation rates and rig count. The Q4 figure came in 5% below estimates by analysts at Peel Hunt - and 2.5%...

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