Post by
FrozenInOntario on Jul 30, 2021 2:31pm
And Business is booming in North America and EMEA
Foraco just released their results. Pretty good all over and especially in North America (122% over prior year), Russia and Africa. All the other regions are showing a pretty good rebound. Of course, part of it is because last year was quite depressed due to COVID but still, price is not the most important factor right now for miners with the increase in price in metals. Anyway, this was a record quarter, one of their best ever.
The North America rebound was mentionned by Denis Larocque during the last conference call as well as the price angle. Seems that this quarter should be terrific for MDI.
As countries are coming back on track, this bodes quite well for MDI. Thinking about it, GEO is mainly west Africa and OGD is mainly north america plus now a nice contract in Guinea. Their results should be stellar too.
GLTA