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.

TSX:MDI - Post by User

Major Drilling Group International Inc

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Post by Possibleidiot01on Nov 19, 2024 12:38am

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Post# 36319158

Peter Hodson - BNN comment

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Any drilling company connected with the mining industry won't get a big multiple because of the cyclicality of the industry. It's boom or bust. It is a pretty well run company with fine operations and satisfied customers. It is interesting to note that mining companies are in great shape with lots of money pouring in with the rising price of gold. There is lots of M&A activity. It is just a matter of time before money starts trickling down to Major Drilling so there is good potential. An increase in the multiple and increase in earnings at the same is pretty powerful.

mining services

$8.600