Capital Limited (LSE:CAPD) has announced a series of major contract wins that mark a key expansion in its global operations. Among the highlights is a three-year contract to provide borehole drilling services at the Reko Diq copper-gold project, a deal that introduces a new revenue stream and deepens the company’s collaboration with mining giant Barrick.
The company also revealed multiple exploration drilling agreements across several African nations, including Côte d’Ivoire, Mali, and Gabon. These contracts come amid heightened exploration activity, largely fueled by sustained strength in gold prices.
In addition to its drilling operations, Capital’s laboratory division, MSALABS, continues to grow. It recently launched a new facility in Nevada and has secured both contract renewals and fresh agreements in Mauritania and Namibia, reflecting growing demand for its analytical services in key mining regions.
From a financial standpoint, Capital Limited remains on stable footing, with an attractive dividend yield contributing to investor appeal. Technical indicators remain positive, bolstered by the firm’s recent contract momentum. However, challenges remain in improving profitability margins, and recent executive changes may introduce some uncertainty.
About Capital Limited
Capital Limited is a mining services provider focused on drilling and laboratory support for the global mining sector. With a strong presence in emerging markets, the company plays a critical role in enabling exploration and development activities at major mining sites, including the high-profile Reko Diq project.
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