Energold Drilling Corp. reported earnings results for the third quarter and year to date ended September 30, 2017. For the quarter, the company's total revenue was CAD 19,783,000 compared to CAD 18,888,000 a year ago. Total net loss was CAD 4,004,000 compared to CAD 3,336,000 a year ago. Basic and diluted loss per share was CAD 0.07 compared to CAD 0.06 a year ago. EBITDA loss was CAD 714,000 compared to EBITDA of CAD 278,000 a year ago. The company announced that revenues continue to improve on a quarter-over-quarter basis in 2017 while losses have decreased amidst a more positive overall trend across the industry in general, and for the company in particular.

For the year to date, the company's total revenue was CAD 56,696,000 compared to CAD 51,061,000 a year ago. Total net loss was CAD 11,660,000 compared to CAD 14,650,000 a year ago. Basic and diluted loss per share was CAD 0.21 compared to CAD 0.29 a year ago. EBITDA loss was CAD 2,698,000 compared to CAD 4,463,000 a year ago.

There have been positive trends recently in the company's key drilling markets. These trends are expected to continue and show financial improvement for the company in 2018.