Geodrill Limited (GEO) 2014年年度报告「TSX」.pdf

1、2014 Annual Report Letter to SharehoLderS 2014 was another challenging year for the mining industry.Beset by continued uncertainty over the resource economy,and a resurgence in the U.S.dollar,investors continued to retreat from commodities.The tough conditions forced many companies to batten down th

2、e hatches.Capital budgets were cut,exploration declined and mines were closed.Despite that turbulence,Geodrill was able to not only persevere but we continued to stride forward.We won new customers and secured contracts with senior miners.Our financial strength improved throughout the year as we con

3、tinued to deliver high calibre drilling services,underpinned by a fleet of high performance rigs,operated by experienced and highly trained staff.Our rig fleet sets us apart from our competition;our multi-purpose rigs not only deliver superior performance,they provide the flexibility of performing b

4、oth Reverse Circulation and Core drilling.That translates to lower costs and higher productivity for our customers,and it is a factor that makes us one of the most cost-effective drillers in West Africa.So does our ability to control our own supply chain.We have a full-service workshop at the centre

5、 of our operating territory which includes our own drill rod manufacturing plant.That provides us with the capabilities to provide rapid response service to our rigs.Most central to our core is our passion for drilling.We understand drilling,and have built our reputation on the back of decades of in

6、-depth experience.Our commitment to ensuring the highest training standards has yielded a skilled local workforce with low turnover.It is these factors that make us the company we are:mission-oriented,moving quickly to meet requirements,operating lean and delivering optimal results.Of course,mining