Capital Drilling reports strong growth as gold rallies

Africa-focused mining services company Capital Drilling on April 16 reported a 20.4% year-on-year and a 5.9% quarter-on-quarter increase in revenue to $32.5-million for the first quarter of this year.

The company also reported that it had, thus far, not been materially impacted on by the Covid-19 pandemic, with mining and production activity continuing uninterrupted at all the group’s operations and with no recorded cases of the virus on these sites, to date.