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 2022, ended October 31, 2021. Highlights Revenue of $170.7 million, up 50% compared to same period last year, and up 13% from last quarter. EBITDA for the quarter was $30.7 million, an increase of ~60% compared to same period last year. Net earnings of [...]
Major Drilling Group International Inc. today reported that it will release its second quarter results, ended October 31, 2021, on Thursday, December 2, 2021 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 3, 2021 at 9:00 a.m. Eastern to [...]
Major Drilling Group International Inc. is pleased to announce that all director nominees listed in the Management Information Circular dated July 5, 2021 were elected as directors of Major Drilling in the course of the virtual annual general meeting of shareholders of the Corporation held September 3, 2021. Shareholder participation was high, with the total percentage of shares voted reaching over 77% . Each of the eight [...]
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 2022, ended July 31, 2021. Highlights Industry upturn gaining momentum Highest quarterly revenue in 9 years at $151.0 million, up 69% as compared to same period last year. EBITDA for the quarter was $24.2 million, an increase of 75% compared to same [...]
Major Drilling Group International Inc. today reported that it will release its first quarter results, ended July 31, 2021, on Wednesday, September 1, 2021 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 2, 2021 at 9:00 a.m. Eastern to [...]
Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector , today reported results for the year and fourth quarter of fiscal 2021, ended April 30, 2021. Highlights Highest annual revenue since 2013 at $432 million. Quarterly revenue of $128.1 million, an increase of 44% from Q4 2020, driven primarily by increased gold drilling activity. EBITDA for the quarter was [...]
Major Drilling Group International Inc. is pleased to announce the closing of the previously announced acquisition of all of the issued and outstanding shares of privately-held McKay Drilling PTY Limited , a family-owned drilling company and a leading specialty drilling contractor based in Perth, Australia. The transaction was completed by payment of the cash portion of the purchase price of A$39.7 million subject to [...]
Major Drilling Group International Inc. today reported that it will release its fourth quarter and year-end results, ended April 30, 2021, on Monday, June 14, 2021 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 Tuesday, June 15, 2021 at 9:00 a.m. Eastern to [...]
Major Drilling Group International Inc. is pleased to announce that it has entered into an agreement to acquire all of the issued and outstanding shares of McKay Drilling PTY Limited , a leading specialty drilling contractor based in Perth, Australia for an amount up to A$80 million, or approximately C$75 million . The Acquisition will be immediately accretive on an earnings per share basis upon closing and provides Major [...]
Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector , today reported results for its third quarter of fiscal year 2021, ended January 31, 2021. Highlights Revenue up 23% from Q3 2020, driven primarily by increased gold drilling activity EBITDA up 226% compared to same period last year, despite heavy start-up costs Improved net cash position by $6.6 million to [...]
Major Drilling Group International Inc. today reported that it will release its third quarter results, ended January 31, 2021, on Thursday, March 4, 2021 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 5, 2021 at 9:00 a.m. Eastern to discuss the [...]
Major Drilling Group International Inc. , a leading provider of specialized drilling services to the mining sector , today reported results for its second quarter of fiscal year 2021, ended October 31, 2020. Highlights Generated revenue of $114.2 million, an increase of 28% from Q1 2021, driven by increasing momentum in gold drilling activity. Increased revenue from junior miners. Recorded net earnings of $7.0 million or [...]
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