Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector, today reported results for the third quarter of fiscal 2025, ended January 31, 2025. Quarterly Highlights: Revenue of $160.7 million, up 21.0% from the $132.8 million recorded in the same quarter last year. Adjusted gross margin of 19.5% as the Company completed maintenance & repair programs, as is typical [...]
Major Drilling Group International Inc. will release its third quarter results, ended January 31, 2025, on Thursday, March 6, 2025 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and Ian Ross, Chief Financial Officer, invite you to participate in a webcast/conference call on Friday, March 7, 2025 at 8:00 a.m. Eastern to discuss the Company's third quarter [...]
Major Drilling Group International Inc. , is pleased to announce the appointment of Ashley Martin as Chief Operating Officer of the Company, effective immediately. "I am happy to announce the promotion of Ashley into the newly created role of COO. This appointment is in line with our strategic focus on growth and innovation. Ashley has dedicated 30 years to the drilling industry, with the last 23 years focused on Major [...]
Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector, today reported results for the second quarter of fiscal 2025, ended October 31, 2024. Quarterly Highlights: Revenue of $189.3 million, in line with the $190.0 million generated in fiscal Q1, but down 8.6% from $207.0 million in the same period last year. Adjusted gross margin of 30.5%, consistent with the [...]
Major Drilling Group International Inc. will release its second quarter results, ended October 31, 2024, on Thursday, December 5, 2024 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and Ian Ross, Chief Financial Officer, invite you to participate in a webcast/conference call on Friday, December 6, 2024 at 8:00 a.m. Eastern to discuss the Company's second [...]
Major Drilling Group International Inc. , is pleased to announce that it has acquired all of the issued and outstanding shares of Explomin Perforaciones , a leading specialty drilling contractor based in Lima, Peru for an upfront cash payment of US$63 million, with an additional US$22 million available through an earn-out for total consideration of up to US$85 million, or approximately C$115 million . Transaction [...]
Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector, is pleased to announce that all director nominees listed in the Management Information Circular dated July 11, 2024 were elected as directors of Major Drilling in the course of the hybrid annual general meeting of shareholders of the Corporation held September 5, 2024. Shareholder participation was high [...]
Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector, today reported results for the first quarter of fiscal 2025, ended July 31, 2024. Quarterly Highlights: Revenue of $190.0 million, an increase of 13.1% from revenue reported in Q4 of fiscal 2024, down 4.5% compared to the same period last year. Revenue from seniors and intermediates up 7% year-over-year [...]
Major Drilling Group International Inc. today reported that it will release its first quarter results, ended July 31, 2024, on Wednesday, September 4, 2024 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and Ian Ross, Chief Financial Officer, invite you to participate in a webcast/conference call on Thursday, September 5, 2024 at 8:00 a.m. Eastern to [...]
Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector, is pleased to announce a new partnership with premier downhole technology company DGI Geoscience Inc. and its affiliate company, artificial intelligence-powered core logging tech innovator, KORE GeoSystems Inc. . This strategic partnership positions Major Drilling at the forefront of AI advancements in the [...]
Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector, today reported results for the fourth quarter and fiscal year 2024, ended April 30, 2024. Fiscal 2024 Highlights Recorded revenue of $706.7 million, the third highest in the Company's 44-year history. Net earnings of $53.1 million , compared to net earnings of $74.9 million for the prior year. Repurchased [...]
Major Drilling Group International Inc. today reported that it will release its fourth quarter and fiscal 2024 results, ended April 30, 2024, on Tuesday, June 11, 2024 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and Ian Ross, Chief Financial Officer, invite you to participate in a webcast/conference call on Wednesday, June 12, 2024 at 8:00 a.m [...]
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