The Sukari gold mining operation in Egypt. Credit: Centamin.

West African-based drilling company Geodrill has received a drilling contract from gold mining company Centamin for the Sukari gold mine in Egypt.

Under the five-year contract, Geodrill will undertake at least 90,000m of underground drilling a year. This work will be carried out using five drill rigs.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Geodrill president and CEO Dave Harper said: “That Geodrill was awarded this contract is a testament to our operational performance, reputation for excellence and is in line with our strategy of focusing on long-term contracts with top-tier customers in new geographic regions driving future growth of our business.

“Not only does our business with Centamin complement our existing work, but it will also help us counter cyclical industry downturns while at the same time delivering a significant, stable base of long-term revenue over the next 5 years.”

Geodrill expects the order to generate more than $54m in revenues during the contract term while extending its operational footprint into a new geographical region.   

The Sukari is an open-pit and high-grade underground gold mine in Egypt.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Besides being the flagship asset, Centamin claims Sukari to be the country’s largest and ‘first modern’ gold mine.

With a mine life of 12 years, the Sukari mine started production in 2009 and has since produced around five million ounces of gold.

Centamin is also advancing the Doropo project in Côte d’Ivoire, as well as the highly prospective exploration area of more than 3,000km² in Arabian Nubian Shield, Egypt.