Energold Drilling Corp: EGD.V - CA29268A1031

  • Ist ja eine richtige Wachstumsstory....... :D


    Und wenn dann mal Impact bei 3,5C$ ist........wären nochmal 20 Mille.




    Energold Announces Record Number of Meters Drilled and a Further Expansion of Its Drill Fleet
    Tuesday November 13, 5:58 pm ET


    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2007) - Energold Drilling Corp. ("the Company") (TSX VENTURE:EGD - News) is pleased to announce that it has drilled in excess of 71,279 meters (another record) in the third quarter of 2007. For the first nine months of the year, 189,353 meters were drilled, up over 35% from the comparable period in 2006. In October the Company announced the consolidation of its activities in conjunction with its former partner whereby the latter would assume 100% over two markets, Ecuador and Guatemala, while Energold acquired the balance of the joint activities. Although the accounting for this transaction means that the third quarter results will consolidate the joint operations thereafter the results will exclude those two markets.


    The Company enjoyed an especially strong performance in the markets it will retain, with a year over year growth of 69% compared to 35% for the consolidated meters drilled to September 30th 2007.


    Summary of Quarterly (Q) and Year-To-Date Meters Drilled on a Consolidated Basis



    ---------------------------------------------------------------------------
    % YTD Comparable %
    September 30, 2007 Q3 2007 Q3 2006 Change 2007 2006 Change
    ---------------------------------------------------------------------------
    Previously
    consolidated
    - Meters Drilled 71,279 56,349 26 189,353 140,532 35
    ---------------------------------------------------------------------------
    Ongoing markets only
    - Meters Drilled 49,041 38,361 28 139,168 82,444 69
    ---------------------------------------------------------------------------



    The third quarter saw the first of the six recently-ordered drill rigs arrive in the field. These new additions as they commence operations should result in higher levels of activity than typical for the next two quarters. Energold's rapid expansion of its drilling capacity is designed to respond to the very significant demand in our particular industry niche. The two Series III rigs originally scheduled for delivery in September were delayed approximately 2 months for modifications as recent field tests with existing prototypes have provided upgrades that will improve the Series III model overall performance well beyond the original design parameters of 700+ meters.


    Continued Expansion of Drill Fleet


    Energold, because of the ongoing demand has expanded the size of orders for new rigs for the balance of the year. The Company has ordered a further 5 rigs which are anticipated to be delivered over the next 3 to 4 months. The previous orders were to increase the fleet to approximately 41 rigs by the beginning of 2008 and with the latest additions we expect to have 46 rigs actually either in the field or being mobilized by the end of the first quarter, 2008. On October 31st of this year, Energold was acknowledged by the Vancouver Sun newspaper as being one of the top 50 fastest growing public companies in British Columbia.


    Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry especially with regard to frontier drilling. Until September 30th inclusive the Company fully consolidated the total meterage drilled by its 50.01%-owned Pac Rim Drilling S.A.C., 50%-owned subsidiary Kluane International Drilling and its affiliates. Energold also holds 6.6 million shares in silver producer IMPACT Silver Corp. ("IPT-V") which coincidently was also in the top 50 fastest growing public companies in British Columbia.


    On behalf of the Directors of Energold Drilling Corp.


    Frederick W. Davidson, President, CEO

  • Neben den Zahlen noch eine schöne Meldung.
    Zeigt auch, wie die arbeiten...(siehe fett markiert!)


    Gorzynski ist auch VP Director exploration bei Impact Silver.
    natürlich drillt Energold auch für Impact.



    Tirex Resources Signs Extended Lease for Drill Rig
    Wednesday November 7, 4:24 pm ET


    VICTORIA, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2007) - Tirex Resources Ltd. ("Tirex") (TSX VENTURE:TXX - News) is pleased to report that it has signed a lease contract for a new core drill rig to be mobilized to the Mirdita copper-zinc-gold project in Albania.


    More than a simple drill contract, the lease contract allows Tirex to retain the drill on site for the duration of the contract through multiple phases of drilling without giving up the machine to other companies. Drill rigs are in high demand reflecting high metal prices and high levels of exploration spending around the world. Having a drill on the property at all times and available to drill on short notice will allow Tirex geologists to plan and execute drill programs in a timely manner.


    The drill lease contract was signed with Energold Drilling Corp. (TSX VENTURE:EGD - News) of Vancouver, Canada. Energold will act as the drill contractor and is supplying experienced drillers, drill support and supplies for the work. Energold is an industry leader in the use and construction of highly portable drills. The new state-of-the-art Series III drill rig leased by Tirex is capable of drilling to depths of over 750m (subject to rock conditions). The drill is man-portable and leaves a minimal environmental footprint. Drilling can be completed without causing damage to trees and without building bulldozer access roads and can have a positive social impact by creating employment for local communities. Environmental and social benefits are complimented by cost savings in road construction while maintaining high performance standards.


    Tirex's large 344 square kilometer property covers the core of the historically productive Mirdita Volcanogenic Massive Sulphide ("VMS") base metal district of Albania in southern Europe. It is readily accessible by paved and gravel roads and is located 70 km north of the capital city of Tirana. The project represents an opportunity to explore not only copper, zinc, gold and silver zones that were previously partially mined or evaluated at lower metal prices but also provides an opportunity to apply modern exploration techniques not available to past explorers toward the discovery of new VMS deposits and extensions of known zones. The magnitude of historic mining in the district, the known mineralization and the results of data compiled to date support a strong mineral potential for the Mirdita Project.


    In 2007, Tirex began exploration of the property, flying the first airborne geophysical survey in the history of Albania over the property. The 2,520 km survey produced high quality data and outlined VMS exploration targets by identifying electromagnetic ("EM") conductors associated with most of the known VMS deposits, extended EM anomalies into overburden covered areas and located new EM conductors. Full technical details on the property and of the recommended Phase 1 exploration program are described in Tirex's NI43-101 report posted on the SEDAR website (http://www.sedar.com).


    R. Stuart (Tookie) Angus, Director, states, "We are very pleased to see our exploration plans at Mirdita moving ahead so quickly. An experienced and expert field crew is now onsite, ramping up field work and we now have a drill lease signed, all within three weeks of the Tirex Initial Public Offering. It is a real credit to our veteran team of exploration geologists and managers."


    George Gorzynski, P.Eng., Tirex Director and a Qualified Person under the meaning of Canadian National Instrument 43-101 and a director of Tirex, is responsible for the technical content of this news release.


    ON BEHALF OF THE BOARD


    Bryan Slusarchuk, CEO and Director


    The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

  • Cabo hat gestern die Zahlen gebracht.
    Ein Vergleich drängt sich auf.........l
    Jedenfalls sehr gute Zahlen von EGD.
    0,09 per share.
    20 Mille Cash
    31 mille working capital
    und noch die Beteiligung an Impact und die properties in der "Domenica" Republik, die nicht wehtun. :D
    Sehe keine "Währungsturbulenzen wie bei Impact.


    Energold Announces Record Third Quarter Results
    Friday November 30, 11:42 am ET


    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) - Energold Drilling Corp. (TSX VENTURE:EGD - News; FRANKFURT:X9X - News; "Energold" or "the Company") is pleased to announce its 2007 third quarter results. These results reflect the Corporate Reorganization Agreement concluded at the end of the quarter and described more completely below. Earnings for the quarter were $2,756,234 (including a gain on discontinued operations of $540,831), up 125% from $1,224,032 (which included a gain on discontinued operations of $566,464) in the third quarter of 2006. Gross revenues for ongoing activities were $6.89 million on 49,041 meters of drilling up 25% from gross revenues of $5.55 million on 38,361 meters in the comparable quarter of 2006. The ongoing operations of the Company drilled 139,168 meters in the year-to-date which is more than all the meters drilled, including the previous joint venture, for the entire year of 2006 (118,036 meters). Fully diluted earnings per share were $0.09 up from a $0.05 in the comparable quarter.


    The Company ended the quarter with a very strong balance sheet with a fully consolidated working capital position of $31.3 million, an increase of over $14 million from its net consolidated working capital position of $17.6 million at September 30, 2006. Consolidated group cash and cash equivalents at the end of the quarter were $20.6 million. Non-current liabilities including those due to related parties and non-controlling interests where down from $7.57 million in the comparable quarter of 2006 to only $0.3 million on September 30, 2007.


    At the end of the quarter, the Company completed a Corporate Reorganization Agreement with its former joint venture partner, whereby the Company obtained a 100% ownership and control of its drilling operations in Peru, Brazil, the Dominican Republic, Nicaragua, Zambia and Vietnam. Its former partner acquired a 100% interest in Ecuador and Guatemala. Following this agreement, the Company now has a 100% interest in 35 drilling rigs. Also included in the earnings for the quarter was a gain on the reorganization which, because of the terms of the Corporate Agreement, included reallocating certain earnings between the partners from January 1, 2007 onwards. That, and the goodwill gain on the acquisition, totalled $1.5 million. As part of the Corporate Agreement, all amounts due to related parties and non-controlling interests have been settled in full. The Company has no long term debt or long term liabilities outstanding, other than a small allowance for future income taxes. The Company has the financial strength and capacity to continue with its planned expansion plans unencumbered by issues involved with managing joint venture operations.



    Third Quarter Results Comparison (Canadian $000's except per-share amounts
    and meters drilled)


    --------------------------------------------------------------------------
    September 30 2007 2006(i)
    --------------------------------------------------------------------------
    Net Income before gain on discontinued operations 2,215 657
    --------------------------------------------------------------------------
    Net Income 2,756 1,224
    --------------------------------------------------------------------------
    Earnings Per Share - Basic 0.09 0.06
    --------------------------------------------------------------------------
    - Diluted 0.09 0.05
    --------------------------------------------------------------------------
    Cash and Term Deposits 20,606 5,114
    --------------------------------------------------------------------------
    Consolidated Working Capital 31,700 17,600
    --------------------------------------------------------------------------
    Metres Drilled 49,041 38,361
    --------------------------------------------------------------------------
    (i) restated to record dilution gain on investment in IMPACT.



    The Company expects that the Reorganization will have a positive impact to net income in future years, as the Company capitalizes on the strong growth opportunities that it sees in South America, the Dominican Republic and other counties in which the Company previously had to share its profits as a result of being involved in joint venture operations.


    The Company is continuing an aggressive program of expansion designed to access new markets for its drills and to increase its market share in existing markets. The Company is now firmly established throughout Latin America and is currently expanding into parts of Africa. This expansion resulted in both higher than normal costs for the period as well as record levels of production. While the U.S. dollar decline continues to impact margins, the Company is revising its contracts to reflect the change.


    With the Company's strong financial position, its growth plans have been significantly accelerated. The Company expects to have approximately 41 wholly-owned rigs being either mobilized or in the field by the beginning of 2008. At that point, approximately five new rigs will be added each quarter thereafter. A target has been set of approximately 60 rigs by the end of 2008.


    The Company will be discussing its 2007 Third Quarter Earnings results and hosting a question-and -answer period via a conference call and a live webcast on the Internet at 9:00 am PT, 12:00 pm ET, Friday November 30th. The dial-in numbers are 416-695-9745 or 1-800-355-4959. The webcast (audio only) can be accessed at: http://events.onlinebroadcasti…energold/113007/index.php


    Energold Drilling Corp. is an environmentally and socially-sensitive diamond drilling company that services the mining industry. Energold holds 6.6 million shares of IMPACT Silver Corp.


    On behalf of the Directors of Energold Drilling Corp.


    Frederick W. Davidson, President, CEO

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    Einmal editiert, zuletzt von Tschonko ()

  • Energold Announces Record Number of Metres Drilled and a 121% Expansion of Drill Fleet in 2007
    Thursday February 7, 6:11 pm ET


    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 7, 2008) - Energold Drilling Corp. ("the Company") (TSX VENTURE:EGD - News) is pleased to announce that is had drilled a record number of meters for the year ended December 31, 2007. The fourth quarter, typically the slowest quarter of the year due to seasonality, saw the Company drill 52,800 net meters, the most meters in a single quarter. As a result of the October 2, 2007 rationalization of its previous 50/50 Joint Venture, the Company is recording its drill meters on a net basis for the quarter and year-to-date, as well as for the comparative periods. Strong growth in the Dominican Republic, Peru and Mexico provided the largest increases for the year.



    Summary of Quarterly (Q) and Full Year Net Metres Drilled
    --------------------------------------------------------------------------
    December 31, 4th Q 4th Q % %
    2007 2007 2006 Change 2007 2006 Change
    --------------------------------------------------------------------------
    Metres Drilled 52,800 28,500 85 192,000 109,500 75
    --------------------------------------------------------------------------



    Expansion of Drill Fleet


    The company commenced 2007 with 27 rigs, 17 of which were jointly owned, or on a net basis 18.5 rigs. As a result of the October 2, 2007 transaction, it disposed of its interest in seven of the Joint Venture rigs and their production, effective as of January 1, 2007 in exchange for a 100% interest in the other 10. The effect of this transaction, along with the construction of a number of new rigs, enabled the Company to end the year with a total of 41 wholly-owned rigs, either operating or being mobilized. The majority of these rigs were built in the last four to five months and were unable to contribute significantly to meters and revenues during 2007.


    By the end of the first quarter of 2008, the Company anticipates that virtually all of its rigs will be mobilized and operating, while a further seven new rigs will be delivered during that same period. In response to continuing demand, a similar sized order for additional rigs has been placed for the second quarter.


    Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry. Energold also holds 6.6 million shares in silver miner IMPACT Silver Corp. and a project portfolio in the Dominican Republic.


    On behalf of the Directors of Energold Drilling Corp.


    Frederick W. Davidson, President, CEO

  • Die verdienen schon wirklich ordentlich: 0,31 per share.
    Dazu ordentliches working capital.


    Energold Announces Record Year-End Results
    Wednesday April 23, 12:20 pm ET


    Net Earnings Up 129% and Number of Meters Drilled Up 63%
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2008) - Energold Drilling Corp. (TSX VENTURE:EGD - News; "Energold" or "the Company") is pleased to announce its results for the year ended December 31, 2007. Earnings for the year were $8,475,000 (2006 - $3,697,000), up 129 per cent from the 2006 earnings. Gross revenues were $26.2 million on 192,000 meters of drilling up 63 per cent from gross revenues of $16.5 million in 2006 on 118,000 meters of drilling. The Company also achieved record net earnings of $3.064 million for the fourth quarter ($0.11 per share basic) from continuing operations.
    Year-End Results Comparison (Canadian $000's except per-share amounts and
    meters drilled)


    -----------------------------------------------------------------------
    December 31 2007 2006 Percentage of Change
    -----------------------------------------------------------------------
    Gross Revenue (Note 1) 26,200 16,500 63
    -----------------------------------------------------------------------
    Revenue Net of Direct Costs 10,600 4,700 125
    -----------------------------------------------------------------------
    Net Income (Note 2) 8,500 3,700 129
    -----------------------------------------------------------------------
    Earnings Per Share - Basic 0.31 0.17 82
    -----------------------------------------------------------------------
    - Diluted 0.30 0.16 88
    -----------------------------------------------------------------------
    Cash and Term Deposits 20,800 8,200 152
    -----------------------------------------------------------------------
    Consolidated Working Capital 33,800 18,600 82
    -----------------------------------------------------------------------
    Metres Drilled 192,000 118,000 63
    -----------------------------------------------------------------------
    1) Represents only continuing markets.
    2) Includes $4.7 million from continuing operations, $2.5 million from
    gain on reorganization and $1.2 million from discontinued operations.
    Canadian generally accepted accounting principles requires, for
    financial statement presentation, that the gain on reorganization and
    the discontinued operations be grouped on the income statement for
    earnings per share.



    The Company ended the year with a very strong balance sheet with a net consolidated working capital position of $33.8 million, an increase of over $15.2 million from its net consolidated working capital position of $18.6 million at December 31, 2006. Consolidated group cash and cash equivalents at the end of the year were $20.8 million, as compared to $8.2 million at year-end 2006.
    Gross margins remained amongst the highest in the industry and improved significantly despite the U.S. dollar decline during the year, while indirect administrative and amortization expenses, as a percentage of billable revenues, declined to 12.3 percent of revenue in 2007, compared to 15.0 percent of gross billings in 2006. As a result of the decline in the U.S. dollar, the Company is actively revising its contract rates to reflect the change. It is expected that most of the contracts will be on new rates by the second quarter of 2008. Inventory was increased during the year by $2.4 million in anticipation of continued growth as well as to avoid any potential supply shortages.
    The Company finds itself in a very strong minerals market with continued growth anticipated in the long term. With the combination of a decreasing number of large economic deposits being discovered and the demand for commodities globally, mineral exploration expenditures will continue to rise. The senior and intermediate mining clientele that represent a significant part of the Company's customer base have increased their 2008 exploration budgets from 2007. Over the last year, a number of the junior exploration clients have also raised substantial amounts that should fund their exploration programs through 2008 and beyond.
    Latin America has also been a very strong market for the Company's growth over the years and continues to be a significant source of revenue. With new rigs and additional contracts, the Company has strategically positioned itself for future growth in five continents. The early stage drilling segment of the industry is the primary focus; however, the Company is more than capable of exploiting the reserve and in mine drilling. Especially in the sector of frontier exploration over the last twelve months, the demand has certainly exceeded supply and with current commodities prices, the Company anticipates ongoing pressure for mobile drilling services during 2008.
    At the beginning of 2007, the Company owned a net of 17 drill rigs and by the end of the year, a total of 41 drill rigs, with eight more rigs scheduled for delivery in the first quarter and a further seven in the second quarter. By mid-summer, therefore, the Company expects to be mobilizing or have in the field 56 drill rigs, well on our way to achieving our target of approximately 60 rigs by the end of 2008, all 100 percent owned. It typically takes between two and four months for a rig to be mobilized into the field and we expect to see increased levels of production by the second quarter.
    The Company's rapid expansion of its drilling capacity is designed to respond to the very significant demand in its particular industry segment. The Company intends to remain primarily focused on its successful, highly-mobile drills that service frontier drilling. Almost 50 percent of all the new rigs being built have the capability of the new Series III rigs. Recent field tests with existing prototypes have provided upgrades that will continue to improve the Series III model overall performance well beyond the original design parameters of 700+ meters depth capacity. Combined with a program of redesign and retrofitting of older models, we anticipate improved performance capabilities from all our rigs in the coming year.
    Over the next two to three years, the Company is focusing its efforts on a number of key objectives, including increasing our market share. The Company plans to continue its high rate of investment in research and development in order to ensure it remains ahead of the industry, as well as expansion of its product lines to better serve its clients.
    The Company will be reviewing its 2008 year-end results on Thursday, April 24, 2008 at 10:00 A.M., Pacific (1:00 P.M. Eastern). Please dial-in through (416) 695 9745 / 800-355-4959. The webcast (audio only) can be accessed at: http://events.onlinebroadcasti…energold/042408/index.php and will feature management discussing the Company's financial and operational results and will end with a question-and-answer period.
    Energold Drilling Corp. is an environmentally and socially-sensitive diamond drilling company that services the mining industry. Energold holds 6.6 million shares of IMPACT Silver Corp.
    On behalf of the Directors of Energold Drilling Corp.
    Frederick W. Davidson, President, CEO

  • Energold Announces Strategic Acquisition of African Drilling Operation
    Monday May 5, 1:11 pm ET


    VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) - Energold Drilling Corp. ("Energold") (TSX VENTURE:EGD - News) is pleased to announce that it has entered into an agreement to acquire the sub-Saharan Africa drilling operations of Clarity Mineral Services Ltd. ("Clarity"), a member of the Clarity Capital Group. The drilling operations are in Zambia, Namibia and Tanzania. These businesses operate in regions where Energold either does not currently have a presence or is lacking infrastructure. Through this purchase, Energold will acquire six diamond and reverse circulation drill rigs, with related support equipment, together with inventory and contracts. All six rigs are currently contracted. It is anticipated that these assets will give Energold the immediate physical capacity to further expand its operation throughout other parts of southern Africa in a timelier manner than traditional organic growth. Africa, with its lack of infrastructure and hard to access mining projects, is considered to be a significant area of growth in the drilling industry.
    In addition to purchasing the drilling assets, Energold is retaining the drilling operations teams and anticipates entering into a Management Services Agreement with Clarity to allow Energold to utilize administrative and logistics personnel and existing facilities. The purchase price for the transaction is $1 million, one-half of which will be in cash, the balance in 126,367 shares of Energold at a deemed price of $3.96 per share. It is anticipated that the acquisition will be immediately accretive to earnings.
    "We are very pleased with this acquisition as we anticipate it to be part of developing a long term relationship with Clarity Mineral Services. This purchase is in line with our growth strategy and will assist Energold in beach heading new markets without the traditional short-term drain on resources. These operations are an immediate fit and allow us to add quality crews and address down-hole supply shortages that could impact the growth rate of our African operations in the future," said Mr. Davidson, President and CEO of Energold.
    Clarity Mineral Services Ltd., is an African based, integrated, private mining house wholly owned by Jersey headquartered Clarity Capital Ltd. (www.claritycapital.com). Clarity's international mineral team consists of 25 highly experienced technical and commercial specialists that thrive on founding and growing successful mineral companies in Africa and the Middle East. Clarity's current portfolio consists of 12 companies with operational offices in South Africa, Tanzania, Namibia, Zambia and Zimbabwe. Clarity, with corporate offices in the UK, South Africa and Canada, strives to deliver extraordinary capital appreciation through responsible mineral exploration and development.
    Energold Drilling Corp. is a contract diamond driller servicing the mining industry. Throughout its operations in the developing world, Energold emphasizes an environmentally and socially sensitive approach to drilling. Energold holds 6.6 million shares of IMPACT Silver Corp.
    On behalf of the Directors of Energold Drilling Corp.
    Frederick W. Davidson, President, CEO
    The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.


    Contact:Darrell Rader
    Energold Drilling Corp.
    Corporate Development
    (604) 681-9501
    (604) 681-6813 (FAX)
    Email: info@energold.com
    Website: www.energold.com

  • Nach Jenningscapital (7,5) hat nun Hayworth Kursziel von 6 C$ ausgegeben.


    Knackt Energold heute das ATH?
    Zur Zeit 4,84....


    Und Cabo folgt mit 2-jähriger verspätung.. :D


    Grüße
    Tschonko

  • Energold lässt Impact silver nicht unter 1 gehen und sie kaufen wieder ein paar shares.
    Haben ja schon 6,6 Mille


    http://www.canadianinsider.com…ansactions.php?ticker=IPT



    May 13/08 May 09/08 Energold Mining Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $1.100
    May 13/08 May 07/08 Energold Mining Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $1.010
    May 13/08 May 06/08 Energold Mining Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 3,000 $1.080
    May 13/08 May 06/08 Energold Mining Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 7,000 $1.060


    Schon schön, wenn man die Marie hat, das zu tun.... :D
    Hab mich trotz Mangels der Aktion angeschlossen

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    Einmal editiert, zuletzt von Tschonko ()

  • Und sie wachsen.....


    Energold Announces a Further Record Number of Metres Drilled and a 19% Expansion of Drill Fleet in the First Quarter
    Thursday May 15, 12:09 pm ET
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - Energold Drilling Corp. ("the Company") (TSX VENTURE:EGD - News) is pleased to announce that it has drilled a record number of meters for the first quarter, of 56,862 meters. Strong growth in Mexico and our African markets provided the largest increases for the period, while Peru was slower, in part due to extreme weather conditions.
    Summary of Quarterly (Q) Metres Drilled
    ---------------------------------------------------------------------
    March 31, 2008 1st Q 2008 1st Q 2007(i) % Change
    ---------------------------------------------------------------------
    Metres Drilled 56,862 31,306 81
    ---------------------------------------------------------------------


    (i) As a result of the October 2, 2007 rationalization of its previous
    50/50 drilling relationship, the Company is recording its drill
    meters for the comparative period on a net basis.



    Expansion of Drill Fleet
    The Company commenced 2007 with 27 rigs, 17 of which were jointly-owned, or on a net basis 18.5 rigs, and ended with a total of 41 wholly-owned rigs, either operating or being mobilized. The majority of these rigs were built in the last four to five months of 2007 and were unable to contribute significantly to meters and revenues during that year. Most of the newly-built rigs were mobilized during the first quarter of 2008 and by the end of the first quarter of 2008, the Company had built a further 8 drill rigs for a total of 49 drill rigs.
    In response to continuing demand, Energold has ordered another seven rigs for delivery in the second quarter and on the 23rd of April announced the acquisition of a further six drill rigs for a total price of $1.0 million in southern Africa. By mid summer the Company anticipates it will have in excess of 60 rigs either in the field or being mobilized.
    Energold Drilling Corp. is an environmentally and socially-sensitive diamond drilling company that services the mining industry. Energold also holds 6.6 million shares in silver miner IMPACT Silver Corp. and a project portfolio in the Dominican Republic.
    On behalf of the Directors of Energold Drilling Corp.
    Frederick W. Davidson, President, CEO

  • Auf ATH geschlossen
    - 5 C$ und mit relativ hohen Umsätzen.


    Die Berichte von EGD zu lesen ist ja eine Wohltat .
    Bei den meisten anderen ist es eh zum Kotzen.... :D


    T.

  • Sie wachsen ungebremst.
    Man beachte das working capital und was sie vorhaben....


    Energold Announces Record First Quarter Revenue and Profit
    Wednesday May 28, 2:58 pm ET


    VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 28, 2008 - Energold Drilling Corp. ("Energold") (TSX VENTURE:EGD - News) is pleased to announce its 2008 first quarter results. Gross drilling revenues for the first quarter were $8.6 million up 48% from $5.8 million in the first quarter of 2007. Net income for the first quarter was $1.7 million, up 116% from $800,000 (including $308,000 from discontinued operations). Energold drilled 56,862 metres in the quarter compared to 31,300 for 2007. The Company ended the quarter with a very strong balance sheet with a fully consolidated working capital position of $36.1 million, an increase of over $16.5 million from its net consolidated working capital position of $19.6 million at March 31, 2007. Consolidated group cash and cash equivalents at the end of the quarter were $20.6 million.
    First Quarter Results Comparison (Canadian $000's except per-share
    amounts and meters drilled)


    ----------------------------------------------------------------
    March 31 2008 2007(i) % Change
    ----------------------------------------------------------------
    Revenue 8,624 5,844 48
    ----------------------------------------------------------------
    Net Income 1,769 819 116
    ----------------------------------------------------------------
    Earnings Per Share - Basic 0.06 0.03
    ----------------------------------------------------------------
    - Diluted 0.05 0.03
    ----------------------------------------------------------------
    Cash and Term Deposits 20,672 7,095 191
    ----------------------------------------------------------------
    Consolidated Working Capital 36,100 19,600 84
    ----------------------------------------------------------------
    Meters Drilled 56,862 31,300 82
    ----------------------------------------------------------------
    (i) 2007 Results (excluding Meters Drilled) include both Continued
    and Discontinued Operations



    The contract drilling industry remains highly cyclical with a slow-down experienced in the months on either side of the Christmas holiday and high season occurring during late summer. The production mix during the quarter varied as more drill contracts reflected price increases driven by the declining U.S. dollar. As a result, the average revenue per meter exceeded $150.00, compared to last year's average of $135.00. As anticipated, start-up situations in new markets and rig mobilizations contributed to increased operating costs. Even with the large number of rigs being mobilized, margins remained at about 40%.
    Over the next two to three years, Energold is focusing its efforts on a number of key objectives, including increasing its market share. More of the industry's interest is becoming focused on "frontier areas" where the lack of infrastructure has held back exploration in the past. As a direct result of this, Energold believes that the demand for its style of drilling is expanding faster than the industry as a whole. New contracts and requests for tenders suggest that the balance of 2008 will continue to be extremely busy.
    Energold is also continuing its investment in drill rig development. The Series III model continues to provide enhanced depth capabilities well beyond 800 meters. In January 2008, the Series III model was recognized by the prestigious London-based Mining Magazine in the category of Exploration for Capital Equipment. Combined with a new program of redesign and retrofitting of older models, improved performance capabilities from the drill fleet in the coming year are anticipated.
    The Company will be discussing its 2008 First Quarter Earnings results and hosting a question-and-answer period via a conference call at 12:00 pm PT, 3:00 pm ET, Monday, June 2, 2008. The dial-in numbers are 416 695 9745 or 800 355 4959.
    Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry. Energold holds 6.6 million shares of IMPACT Silver Corp.
    On behalf of the Directors of Energold Drilling Corp.,
    Frederick W. Davidson, President, CEO
    The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.


    Contact:Darrell Rader
    Energold Drilling Corp.
    Corporate Development
    (604) 681-9501
    (604) 681-6813 (FAX)
    Email: info@energold.com
    Website: www.energold.com

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    Einmal editiert, zuletzt von Tschonko ()

  • Energold Announces a 41% Expansion of Drill Fleet in the Second Quarter
    Tuesday August 5, 5:38 pm ET
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 5, 2008 - Energold Drilling Corp. (TSX VENTURE:EGD - News; "Energold") is pleased to announce a 41% expansion of its drill fleet during the second quarter. Operations are being expanded into Colombia and Guyana in the Americas and, in conjunction with Clarity Mineral Services Ltd., into Tanzania, South Africa, Namibia, and Zimbabwe, bringing the total number of countries where Energold is currently active to 15.


    Quarterly Drill Rig Comparison


    -------------------------------------------------------------------
    ...........June 30, March 31, December 31, September 30,
    ..............2008 ..2008 ......2007 ..............2007
    -------------------------------------------------------------------
    Drill Rigs .....69 ....49......... 41 ................35
    -------------------------------------------------------------------



    Energold commenced the second quarter with 49 drill rigs. Through the quarter, 20 additional drill rigs were added bringing the total number of rigs operating or being mobilized at the end of the second quarter to 69. However, the effect of these additions on revenues and meters drilled will not become apparent until the second half of the year. Six of these newly added rigs came through acquisition, the remainder through organic growth. Much of the growth took place in established markets where strong demand came from existing clientele. With ongoing demand continuing to increase, Energold ordered a further seven drills subsequent to the end of the second quarter. They are anticipated to be delivered over the next three to four months. Approximately 50% of the new rigs added have the capability of the new Series III rigs.
    Energold's rapid expansion of its drilling capacity is designed to respond to continued significant demand in its industry segment. Exploration expenditures in frontier drilling continue to rise as more exotic locales are being explored for increasingly rare resources. Energold's clientele remain well financed to carry out their budgeted exploration programs through the latter half of 2008.
    Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry. Energold holds 6.6 million shares of IMPACT Silver Corp.
    On behalf of the Directors of Energold Drilling Corp.
    Frederick W. Davidson, President, CEO

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    Einmal editiert, zuletzt von Tschonko ()

  • Wachsen beeindruckend!


    Energold Announces Record Number of Meters Drilled
    Thursday August 21, 8:27 pm ET
    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2008) - Energold Drilling Corp. ("Energold" or "the Company") (TSX VENTURE:EGD - News) is pleased to announce that it has drilled a record number of meters for the second quarter of over 63,000 meters, up 65% from 38,000 meters in the comparable quarter of 2007. Strong growth in Mexico and Africa provided, once again, the largest increases for the period.
    Summary of Quarterly (Q) Meters Drilled on a Consolidated Basis


    ---------------------------------------------------------------------------
    YTD YTD YTD
    Q2 - 2008 Q2 - 2007(i) % Change 2008 2007(i) % Change
    ---------------------------------------------------------------------------
    Meters
    Drilled 63,578 38,565 65 120,440 69,871 72
    ---------------------------------------------------------------------------
    (i) Calculated on equitable meters drilled in 2007. Under the prior
    arrangement, Energold shared the operations in Peru, Ecuador,
    Guatemala, Brazil, the Dominican Republic, Nicaragua, Zambia and
    Vietnam. Equitable meters would include 50% of those meters and 100% of
    the meters drilled on its own account.



    The Company experienced strong growth in the number of meters drilled for the quarter. Virtually none of the recently announced 20 new drill rigs had commenced operations and contributed to earnings. The new additions are expected to begin contributing during the latter half of the third quarter. With a strategic focus on expanding operations in Africa, the Company experienced a slightly extended period between new drill rig construction and their subsequent deployment in the field. This longer mobilization period reflects in part the difference in distance between the Company's traditional markets in Latin America.
    As of June 30 2008, the Company had 69 drill rigs with a further seven drills ordered subsequent to the end of the second quarter, in response to continued significant demand in its industry segment and increased exploration expenditures in frontier drilling.
    Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry. Energold holds 6.6 million shares of IMPACT Silver Corp., a profitable silver producer in Mexico.
    On behalf of the Directors of Energold Drilling Corp.,
    Frederick W. Davidson, President, CEO

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