Energold Drilling Corp. reported earnings and production results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of CAD 23.9 million for the period ended March 31, 2018 compared to first quarter 2017 revenue of CAD 19.1 million, with sales growth across all company divisions representing a 25.8% increase on a year-over-year basis. This represents the highest quarterly revenue in 4 years. The company experienced an operating income of CAD 0.2 million compared to a loss of CAD 1.4 million in the first quarter of 2017. The company generated adjusted EBITDA in the period of CAD 1.4 million, compared to an adjusted EBITDA loss of CAD 0.4 million in the same period of 2017. The group-wide net loss was CAD 0.04 per share in the period compared to a loss of CAD 0.06 in the first quarter of 2017.

For the quarter, the company's mineral division drilled 72,400 metres in the period compared to 63,300 metres in the first quarter of 2017, representing a substantial year-over-year increase of 14.4%.