Major Drilling Group International Inc. is pleased to announce the achievement of longest diamond drill hole in Canada at the Osisko Mining Inc. Discover 1 project. The final length of Discovery 1 was 3467 metres. Over the years, the Company has positioned itself as one of the largest specialized drilling operators in the world, by leveraging its [...]
Major Drilling Group International Inc. today reported results for its second quarter of fiscal year 2020, ended October 31, 2019. Highlights In millions of Canadian dollars Q2-20 Q2-19 YTD-20 YTD-19 Revenue $121.2 $105.5 $238.6 $204.0 Gross profit 34.0 28.9 64.7 52.3 As percentage of revenue 28.1% 27.4% 27.1% 25.7% EBITDA 20.5 15.6 38.4 25.7 As [...]
Major Drilling Group International Inc. today reported that it will release its second quarter results, ended October 31, 2019, on Wednesday, December 4, 2019 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 [...]
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 Norex Drilling Limited , a family-owned drilling company and a leading exploration drilling contractor based in Timmins, Ontario, Canada. The transaction was completed by [...]
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 Norex Drilling Limited , a family-owned drilling company and a leading exploration drilling contractor based in Timmins, Ontario, Canada. The purchase price for the acquisition is valued at an [...]
Major Drilling Group International Inc. is pleased to announce that all director nominees listed in the management proxy circular dated July 15, 2019 were elected as directors of Major Drilling in the course of the annual general meeting of shareholders of the Corporation held September 12, 2019 in Toronto, Ontario. Each of the eight director [...]
Major Drilling Group International Inc. today reported results for its first quarter of fiscal year 2020, ended July 31, 2019. Highlights In millions of Canadian dollars per share) Q1 2020 Q1 2019 Revenue $117.5 $98.5 Gross profit 30.7 23.4 As percentage of revenue 26.1 % 23.8 % EBITDA 18.0 10.1 As percentage of revenue 15.3 % 10.3 % Net earnings [...]
Major Drilling Group International Inc. today reported that it will release its first quarter results, ended July 31, 2019, on Monday, September 9, 2019 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 [...]
Major Drilling Group International Inc. today reported results for the year and fourth quarter of fiscal year 2019, ended April 30, 2019. Highlights In millions of Canadian dollars Q4 2019 Q4 2018 YTD 2019 YTD 2018 Revenue $ 100.4 $ 95.4 $ 384.8 $ 342.3 Gross profit As percentage of revenue 23.0 23.0 % 23.1 24.3 % 91.0 23.6 % 74.3 21.7 % EBITDA As [...]
Major Drilling Group International Inc. today reported that it will release its fourth quarter and year-end results, ended April 30, 2019, on Thursday, June 6, 2019 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 [...]
Denis Larocque, President and CEO of Major Drilling Group International Inc. today announced the appointment of Ian Ross as Chief Financial Officer . David Balser, current CFO, will step down from his position but will continue to serve as a senior advisor to the leadership team through a transition period. Mr. Ross joined Major Drilling in 2011 [...]
Major Drilling Group International Inc. today reported results for its third quarter of fiscal year 2019, ended January 31, 2019. Highlights In millions of Canadian dollars Q3 2019 Q3 2018 YTD 2019 YTD 2018 Revenue $ 80.4 $ 75.0 $ 284.4 $ 246.9 Gross profit As percentage of revenue 15.6 19.4 % 13.2 17.6 % 68.0 23.9 % 51.1 20.7 % EBITDA As [...]