SURFACE

Boart records quarterly loss

BOART Longyear has posted a $US14 million ($A17.8 million) consolidated pre-tax loss for the first quarter of 2015, attributing the performance to unfavourable exchange rate movements and lower drilling revenue.

Jack McGinn
Boart Longyear has blamed its $US14M loss on unfavourable exchange rate movements and lower drilling revenue.

Boart Longyear has blamed its $US14M loss on unfavourable exchange rate movements and lower drilling revenue.

The $14 million loss before interest tax depreciation and amortisation compares unfavourably with a $2 million loss posted in the first quarter of 2014, and was generated from revenue of $187 million —...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.