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Capital foresees revenue gains this year despite lower first-quarter results
London-listed mining services company Capital has signed four new contracts for diamond and reverse circulation drilling in Guinea, Côte d’Ivoire and Tanzania, which will help meet its revenue guidance of between $300-million and $320-million for the full year. For the first quarter, ended March 31, Capital reported a 15.4% decrease in revenue to $71.8-million, compared with the $80.2-million of revenue generated in the same quarter of last year.
London-listed mining services company Capital has signed four new contracts for diamond and reverse circulation drilling in Guinea, Côte d’Ivoire and Tanzania, which will help meet its revenue guidance of between $300-million and $320-million for the full year.
For the first quarter, ended March 31, Capital reported a 15.4% decrease in revenue to $71.8-million, compared with the $80.2-million of revenue generated in the same quarter of last year.
