Ausdrill wins Toro Gold project

Company News

by Lee Brooks


Ausdrill Limited (ASX:ASL) continues to see its fortunes improve with its wholly owned subsidiary African Mining Services appointed as a preferred contractor by Toro Gold.

The West African gold industry is proving lucrative for the mining services company as gold prices pick up.

The Toro Gold contract is expected to generate around $300 million in revenue over the next six years via a full suite of open pit mining services.

Ausdrill says it will outlay around $25 million on new equipment and employ around 350 personnel for the project.

Ausdrill reported a net profit of $9.32 million to the end December 2015.
 

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