Capital Drilling Limited Signs Binding Agreements With Allied Gold Corp

  • Capital Drilling Limited (CAPD) has signed binding agreements with Allied Gold Corp. for the provision of a full range of mining services to its Bonikro Gold Mine.
  • The company has bagged its first complete mining services contract win with Allied in Côte d’Ivoire and has made a strategic investment of US$3 million in Allied.
  • The strategic investment, on conversion will help in improving the company’s existing shareholding in Allied to approximately 3 per cent.
  • On 9th October 2019, at the time of writing, GMT 12:27 PM, CAPD shares were trading at GBX 67.00, up by 6.00 points or 9.84 per cent against the previous day closing price.