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 [...]
Major Drilling Group International Inc. today reported that it will release its second quarter results, ended October 31, 2020, on Thursday, December 10, 2020 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 11, 2020 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 20, 2020 were elected as directors of Major Drilling in the course of the virtual annual general meeting of shareholders of the Corporation held September 10, 2020. Shareholder participation was high, with the total percentage of shares voted reaching over 82% . Each of the ten [...]
Major Drilling Group International Inc. today reported results for its first quarter of fiscal year 2021, ended July 31, 2020. Highlights In millions of Canadian dollars Q1 2021 Q1 2020 Revenue $89.4 $117.5 Gross margin 16.9 % 18.2 % Adjusted gross margin 27.8 % 26.1 % EBITDA As percentage of revenue 13.9 15.5 % 18.0 15.3 % Net earnings Per share 2.1 0.03 6.0 0.08 Adjusted gross margin excludes depreciation expenses [...]
Major Drilling Group International Inc. today reported that it will release its first quarter results, ended July 31, 2020, on Tuesday, September 8, 2020 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, September 9, 2020 at 9:00 a.m. Eastern to [...]
Major Drilling Group International Inc. today reported results for the year and fourth quarter of fiscal year 2020, ended April 30, 2020. Note: the presentation of certain items, including gross margin, have been modified. Please refer to “Non-IFRS Financial Measures” for more details. Highlights In millions of Canadian dollars earnings per share) Q4 2020 Q4 2019 YTD 2020 YTD 2019 Revenue $88.8 $100.4 $409.1 $384.8 Gross [...]
Major Drilling Group International Inc. today reported that it will release its fourth quarter and year-end results, ended April 30, 2020, on Thursday, June 4, 2020 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, June 5, 2020 at 9:00 a.m. Eastern to [...]
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