MDI Drilling resltsMDI posted pretty good numbers for the november - january quarter. Couple of takes : their new contracts have escalation clause for costs increase. So their margins are protected. They did not mention any slowdown going in december for Covid and their clients were out of the gate drilling right after the holidays, faster than usual.
So contracts should take care of OGD margin unless they do have fixed contracts that have still not rolled to new conditions.. As far as the Nunavut/Agnico Eagle situation, it appears that everything is now back on track as of February 1st.
So, the first quarter might still have some COVID impact but it should be offsetted by the other locations. So lets see what they can punch in term of numbers.
GLTA