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IT MAY have made “year on year growth in six consecutive quarters”, however, drilling services, equipment and tooling supplier Boart Longyear still made a statutory loss for the half year ended June 30.
While it has made a loss, Boart Longyear is continuing to push its technology.
Revenues for the first half were up 11% to US$394 (A$541) million compared to the corresponding period in 2017 thanks to higher volume in both its Drilling Services and Products divisions.
First production at the gold mine is scheduled for the June Quarter in 2022.
COVID cruels Boart Longyear's earnings
