Energold Drilling Group Announces Third Quarter 2017 Financial Results — Strong Sequential Improvement Amidst Strengthening Environment in Key Markets


Energold Drilling Corp. (“Energold” or “the Company”) announces third quarter revenue in 2017 of $19.8 million compared to $17.8 million in the previous quarter, representing a positive improvement of 11%. Improving volumes in the mineral and energy segments have contributed to improved year-over-year performance as commodity prices stabilize and exploration capital returns.The Company is pleased that revenues continue to improve on a quarter-over-quarter basis in 2017 while losses have decreased amidst a more positive overall trend across the industry in general, and for the Company in particular. Meanwhile, the overall profit margin improved to 14% from 10% in the second quarter of 2017.

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