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Geodrill GEO.TO · CAD

Materials · Toronto Stock Exchange · 🇨🇦 Canada

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3.12

+9.09%

Close of 9 Nov 2026, in CAD

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About Geodrill

Its shares trade on Toronto Stock Exchange under the ticker GEO.TO. It has been listed since 15 December 2010. In the fiscal year to 31 December 2025, it reported revenue of $188.2m and a net loss of $1.6m. At that date it held total assets of $176.3m and shareholders' equity of $117.9m.

Geodrill Ltd. engages in the provision of mineral exploration drilling services. The firm operates a fleet of Multi-Purpose, Core, Air-core and Grade Control drill rigs. The firm's geographic segments include Ghana and Outside Ghana. The multi-purpose rigs can perform both reverse circulation (RC) and diamond core (Core) drilling and can switch from one to the other. Multi-purpose rigs provide clients with RC drilling and the depth of Core drilling without the need to have two different drill rigs on site. Its drilling services also include water borehole and directional drilling. The firm's products include EDM 2000 multi-purpose, Sandvik DE 820 multi-purpose, Sandvik DE 810 multi-purpose, Sandvik DE 710 core, Austex X350 RC/Grade Control and Austex X300 Air-core. Its rigs and support equipment also include a fleet of boosters and auxiliary compressors. The firm has a fleet of approximately 40 drill rigs operating in Africa. The company has operations in Ghana, Burkina Faso, Cote d'Ivoire, Mali and Zambia.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
15 Dec 2010
Employees
52

Leadership

Pay as last reported

  • Mr. John BinghamIndependent Chairman of the Board$105,000
  • Mr. David HarperPresident, Chief Executive Officer, Director, since 2010$2.0m
  • Mr. Gregory BorskChief Financial Officer$1.0m
  • Mr. Terry BurlingChief Operating Officer$1.1m
  • Mr. Greig RodgerExecutive General Manager$1.1m
  • Mr. Stephan RodrigueZone Manager - FWA (Francophone West Africa)$396,004
  • Mrs. Victoria PrenticeCorporate Secretary, since 2004
  • Mr. Peter PrattasIndependent Director
  • Mr. Ronald SellwoodIndependent Director$90,000
  • Ms. Joanna LongoInvestor Relations Manager

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Geodrill Ltd has a strong reputation in the drilling industry, built over many years of successful operations. The company's experienced and skilled workforce is a key strength, allowing them to deliver high-quality services to their clients. Additionally, Geodrill has a diverse range of drilling equipment, enabling them to cater to various customer needs. This flexibility gives them a competitive advantage in the market.

Weaknesses

  • One weakness of Geodrill is its dependence on a limited number of clients for a significant portion of its revenue. This poses a risk as a potential loss of any major client could impact the company's financial performance. Another weakness is the company's exposure to fluctuations in commodity prices, which can affect demand for drilling services. Geodrill should consider diversifying its client base and exploring ways to mitigate the impact of price volatility.

Opportunities

  • Geodrill can capitalize on several opportunities in the drilling industry. The growing global demand for natural resources presents a favorable market for the company to expand its operations. They can explore entering new geographic markets or sectors to tap into untapped potential. Moreover, the increasing adoption of advanced drilling technologies creates an opportunity for Geodrill to invest in innovative equipment and enhance operational efficiency.

Threats

  • There are certain threats that Geodrill needs to be aware of and address proactively. Intense competition within the drilling industry can potentially lead to a price war, affecting the company's profitability. Geopolitical and economic instability in the regions where Geodrill operates can also pose a threat to their operations. Additionally, environmental regulations related to drilling activities may increase, requiring the company to adapt and comply with stricter standards.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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