By Alex MacDonald

LONDON--Capital Drilling Ltd. (CAPD.LN) said Monday it has been awarded a new contract to undertake production drilling services for Acacia Mining PLC's (ACA.LN) North Mara gold mine in Tanzania.

The contract is scheduled to start Jan. 1 for two years with the ability to extend it by another two years. Revenue is expected to be approximately $1 million a month.

In addition to the Acacia contract, Capital Drilling has extended contracts with three clients. Its Geita Gold Mine contract in Tanzania with Anglo Gold Ashanti Ltd (ANG.JO) and its Sukari gold mine contract in Egypt with CeCentamin PLC (CELTF) have been extended to 2020. A contract at the Tasiast Gold Mine, Mauritania, with Kinross Gold Corp. (KGC) was extended to December 2016.

Capital Drilling shares are up 1% at 23.5 pence a share.

Write to Alex MacDonald at alex.macdonald@wsj.com

(END) Dow Jones Newswires

December 14, 2015 05:09 ET (10:09 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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