What Energold Drilling does

Energold Drilling is a specialty contract drilling company that provides exploration, development, geotechnical, and production drilling services to mining companies. The company serves mining clients ranging from major producers to junior exploration companies across the Americas, Africa, and Europe, operating in more than 20 countries with a fleet of 160 conventional, underground, and modular rigs. Its service portfolio spans five lines: portable drilling, surface diamond drilling, underground diamond drilling, reverse circulation drilling, and geotechnical drilling.

The technological core of the business is the proprietary Ranger Rig system, a lightweight modular portable drilling rig designed and built in-house by Energold. With a heaviest component of just 180kg and depth capability rated to 800m in BTW configuration, the Ranger can be transported manually without road construction, enabling access to remote and environmentally sensitive drill sites that are impractical for conventional rigs. Larger surface rigs from Boart Longyear, Atlas Copco/Epiroc, and CSK complement the fleet for deeper (up to 1,500m) and larger-diameter holes, while Ranger and Multipower rigs provide 360-degree underground drilling to 600m in constrained spaces. Reverse circulation and air core rigs support grade control and softer formation work, and dedicated geotechnical capabilities serve mine design, tailings storage facility safety, and geohazard applications.

Energold operates through regional divisions (EMEA, Latin America, USA) with wholly-owned subsidiaries in Peru, Mexico, Central America & Caribbean, and Brazil, plus a UK regional HQ and Billings, Montana operational support office. Revenue is earned through project-based B2B contracts priced on depth, terrain, location, and drilling method specifications, with direct sales via regional business development executives. The company is majority owned by institutional investors including Sprott, Extract Capital, and Loinette Capital, and is led by CEO Brian N. Mittman (joined 2019).

Name

Energold Drilling

Legal name

Energold Drilling

Website

https://energold.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Energold Drilling is a global contract drilling company serving the mining industry with a 160-rig fleet across 20+ countries, offering portable, surface, underground, reverse circulation, and geotechnical drilling services to exploration and mining companies worldwide.

Ownership category

akta.pro rank

Product category

Mining Drilling Services

NAICS

Support Activities for Mining (2131), Support Activities for Mining (213), Support Activities for Oil and Gas Operations (213112)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

akta.pro secondary industries

Drilling Rigs & Drill Systems (IMAHAMAA), Blasting & Explosives Services (Drill-and-Blast, Explosives Supply, Shot Services) (IMAKAKAC), Rock Drilling & Blasthole Drilling Equipment (IMAHAMAC)

Keywords

• Contract drilling services
• Mineral exploration drilling
• Portable drilling rigs
• Diamond core drilling
• Reverse circulation drilling

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Contract Drilling Services: Energold generates revenue by providing contract drilling services to mining and exploration companies. Services include portable drilling, surface diamond drilling, underground diamond drilling, reverse circulation drilling, and geotechnical drilling. Revenue is earned through project-based contracts for drilling programs ranging from exploration to mine development and production support.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Energold Drilling is a global contract drilling services company that provides portable drilling, surface diamond drilling, underground diamond drilling, reverse circulation drilling, and geotechnical drilling to mining and exploration companies. Its fleet of 160 conventional, underground, and modular rigs, including the proprietary Ranger rig, is deployed across more than 20 countries to support mineral exploration, mine development, and production drilling programs.

Product overview

Energold Drilling is a leading global drilling solutions company offering a comprehensive portfolio of drilling services primarily for the mining industry. The company's fleet of 160 conventional, underground, and modular rigs spans more than 20 countries worldwide. Core offerings include the proprietary Ranger Rig (a lightweight, modular, portable drilling rig designed and built by Energold) and five main service lines: Portable Drilling, Surface Diamond Drilling, Underground Diamond Drilling, Reverse Circulation Drilling, and Geotechnical Drilling. The Ranger Rig serves as the cornerstone of their portable drilling capability, while conventional surface and underground rigs (from manufacturers Boart Longyear, Atlas Copco/Epiroc, and CSK) complement operations where larger equipment is suitable.

Differentiator

Problem solved

Functional benefit

Products and services

• Portable Drilling Drilling service using Ranger rigs for difficult access or environmentally sensitive projects, requiring minimal footprint and no road construction; available to mining companies exploring remote locations.
• Surface Diamond Drilling Conventional surface and underground coring drilling service using larger, more powerful rigs capable of reaching depths up to 1,500 meters with larger hole diameters; offered to mining and exploration clients.
• Underground Diamond Drilling Underground drilling service using Ranger and Multipower rigs providing 360-degree drilling capability up to 600 meters depth, with modular lightweight rigs for constrained spaces with ceiling heights as low as 5 meters.
• Reverse Circulation Drilling Reverse circulation and multi-purpose drilling service for exploration and grade control, including air core drilling for softer unconsolidated formations; fleet includes Boart Longyear and Dando rigs.
• Geotechnical Drilling Geotechnical drilling for mine design, geohazard identification, tailings storage facility safety, and mine infrastructure derisking; includes in situ testing, core logging, and borehole installations.

Quantifiable outcome

• EMEA division drills more than 100,000 meters per year
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Boart Longyear: Global drilling services and equipment provider focused on mineral exploration and production drilling. Boart Longyear directly competes with Energold in surface and underground diamond drilling, reverse circulation, and rig manufacturing across the same mining customer base.
• Major Drilling Group International: Canadian-based specialty drilling contractor serving the mining industry worldwide with surface and underground drilling services. Like Energold, Major Drilling offers diamond, reverse circulation, and directional drilling to junior and major mining clients globally.
• Foraco International: France-headquartered contract drilling services company operating across Africa, the Americas, and Asia-Pacific. Foraco provides exploration, production, and geotechnical drilling services to the mining sector with comparable service lines and customer overlap.
• Perenti (formerly Ausdrill): Australia-based mining services group providing drilling, blasting, and load-and-haul services to mining companies globally. Perenti's drilling division directly competes with Energold in surface and underground exploration drilling across multiple continents.
• Capital Drilling: Specialty mining drilling contractor with primary focus on Africa and emerging markets, providing exploration and production drilling services. Capital Drilling's geographic and service overlap makes it a comparable mid-sized peer.
• Geodrill: West Africa-focused drilling contractor providing exploration and development drilling services to mining companies. Geodrill's reverse circulation and diamond drilling services overlap with Energold's portable and surface drilling offerings in similar jurisdictions.
• Orbit Garant Drilling: Canadian-based drilling contractor offering surface and underground diamond drilling, reverse circulation, and geotechnical services to the global mining industry. Orbit Garant is a comparable mid-tier player with similar geographic exposure.

Broad incumbents

• Epiroc: Swedish-listed global mining and infrastructure equipment manufacturer that produces drilling rigs, rock excavation, and exploration equipment. While primarily an OEM partner/supplier of rigs that Energold operates, Epiroc also offers competing contract drilling services.
• Sandvik Mining and Rock Solutions: Major mining equipment manufacturer providing drilling rigs, loaders, and rock tools to the global mining industry. Sandvik sells equipment into Energold's fleet but also operates competing contract drilling and digital mining solutions.

Emerging players

• DGI Geoscience: Canadian mineral exploration services company providing drilling, geophysical, and geological services to junior mining clients. DGI Geoscience overlaps with Energold in exploration-focused drilling programs targeting early-stage mining projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/EnergoldEGD
• LinkedInlinkedin.com/company/2738036

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Energold Drilling