Capital Limited (LON: CAPD), this morning announced that it has expanded its global partnership with Chrysos Corporation which will see MSALABS deploy 21 Chrysos PhotonAssay units globally by 2025. We also comment on the extensions of two existing drilling services contracts and the award of a new contract announced on the 30 June 2022.

• 14 Jul 22
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Strong YoY growth in revenue continues. The company achieved H12020 revenues of US$65.1 million up 18.8% and 8.5% YoY and HoH respectively. The company’s successful push into West Africa continues to be the principle driver of this growth alongside better contracts generally. On a quarterly basis they were essentially flat QoQ – see below- as were the operating metrics in general. They were slightly lower than our forecasts, but it should be noted that we had not altered our assumptions despite Covid19 which we have now done for our full year estimates as per the table above and end of note. We would point out that we are expecting a pick-up in H2 partly due to recovery from Covid 19 as well as the beneficial effects of the strong gold price environment (the company generates 90% of its revenues from gold related activities). Full interim financial results are to be released on 20 August 2020.

Capital Limited

• 15 Jul 20
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