Major Drilling Group International Inc T.MDI

Alternate Symbol(s): MJDLF

Metals & Mining Industrial Metals & Minerals

Major Drilling Group International Inc. is a Canada-based provider of specialized drilling services primarily serving the mining industry. The Company provides a complete suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/long hole drilling, surface drill and blast, a variety of mine services, and ongoing development of data-driven, high-tech drill side solutions. Its mineral drilling services include specialized drilling, conventional drilling, and underground drilling. It maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa, Australia, and Peru. The Company has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which it provides greenfield exploration drilling and/or drilling at operating mines.

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Major Drilling Group International Inc > Very solid numbers

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Comment by Dunworkin2on Sep 01, 2021 5:43pm

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Post# 33798692

RE:Very solid numbers

Phenomenal results!... best in 9 years!

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(1) for the quarter was $24.2 million, an increase of 75% compared to same period last year.
Recorded net earnings of $11.1 million or $0.14 per share, the highest in 9 years.
McKay acquisition delivering great results.