Energold Drilling Corp. reported earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenue of CAD 23,788,000, representing a 34% increase over revenue of CAD 17,849,000 a year ago. Net loss was CAD 2,766,000 compared to CAD 4,604,000 a year ago, owing to improved activity and a stronger gross margin. Operating loss was CAD 2,147,000 compared to CAD 4,122,000 a year ago. EBITDA was $1 million compared to a series of negative EBITDA levels in 2017.

For the six months, the company reported total revenue of CAD 47,644,000 compared to CAD 36,913,000 a year ago. Operating loss was CAD 1,968,000 compared to CAD 5,538,000 a year ago. Net loss was CAD 4,686,000 compared to CAD 7,650,000 a year ago.

The company is forecasting the situation where its EBITDA is positive now for the first 6 months, and certainly, the company is looking forward to the same in the next 6 months.