Energold Drilling Corp. reported earnings results for the first quarter of 2014. For the quarter, total revenue was $37,040,000 against $53,864,000 a year ago. Total earnings were $1,416,000 or $0.03 per basic and diluted share against $3,488,000 or $0.07 per diluted share a year ago. EBITDA was $6,141,000 against $8,708,000 a year ago. Adjusted earnings were $1,806,000 against $7,310,000 a year ago. Adjusted earnings per share basic and diluted were $0.04 against $0.15 a year ago. Lower year over year revenue is due mostly to the decline in the mineral drilling segment although the company realized strong of setting results in the energy business.

The company provided capex guidance for 2014. The company expects about $1 million to $1.5 million on the energy side that it has to buy some more spare equipment. And on the mineral side, at this point, there's nothing significant.