Latest news with #MajorDrillingGroupInternationalInc
Yahoo
a day ago
- Business
- Yahoo
Major Drilling Group International Inc (MJDLF) Q4 2025 Earnings Call Highlights: Revenue Growth ...
Revenue: $187.5 million, up 11.6% from $168 million in the same period last year. Adjusted Gross Margin: 22.8%, down from 26.9% last year. G&A Costs: $20.9 million, an increase of $3.5 million from the previous year. Income Tax Provision: $700,000 expense, down from $2.4 million last year. EBITDA: $20.5 million, compared to $25.3 million last year. Net Earnings: $1 million or $0.01 per share, down from $9.9 million or $0.12 per share last year. Net Debt: $3.9 million at quarter end. Capital Expenditures: $18.6 million, adding seven new drill rigs and support equipment. Total Rig Count: 708 rigs at quarter end. Specialized Work Revenue: 60% of total revenue. Commodity Revenue Breakdown: Gold 41%, Copper 35%, Iron Ore 11%. Warning! GuruFocus has detected 4 Warning Sign with MJDLF. Release Date: June 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Major Drilling Group International Inc (MJDLF) set a new safety record with a total recordable incident frequency rate of $0.74, showcasing their commitment to safety. The acquisition of Explomin expanded their presence in South and Central America, adding operations in Peru, Colombia, and the Dominican Republic. Revenue for the fourth quarter increased by 11.6% year-over-year, driven by strong performance in the South and Central American regions. The company is well-positioned with $123 million in available liquidity and plans to increase cash flow, supporting future growth. Major Drilling Group International Inc (MJDLF) plans to spend approximately $70 million on capital expenditures in fiscal 2026 to support elevated activity levels and modernize their fleet. The company experienced a decrease in gross margins from 26.9% to 22.8% due to increased startup, training, and mobilization costs. Net earnings for the quarter dropped significantly to $1 million from $9.9 million in the prior year period. The company faced delayed mobilization related to economic uncertainty around tariffs, impacting revenue and margins. Junior exploration budgets remained limited, contributing only 8% to the company's revenue in the fourth quarter. The company ended the quarter with $3.9 million in net debt due to typical fourth-quarter working capital requirements. Q: Can you provide more specifics on the activity levels in North America and other regions? A: Denis Larocque, President and CEO, explained that the increase in activity is primarily coming from North America, Chile, and Peru. In Chile and Peru, the activity is driven by copper, while in North America, both copper and gold-related programs are ramping up. Q: Regarding the addition of seven rigs and disposal of four, were any of these rigs added to North America? A: Denis Larocque clarified that due to the slowdown in juniors, there was excess capacity in North America, so no additional rigs were needed there. Most of the new rigs were deployed to South America to support already busy regions. Q: Can you provide some color on the market performance in Australasia and Africa? A: Denis Larocque noted that the region is primarily driven by senior companies and remains very stable. The slight decrease in performance is due to normal fluctuations, but overall, the region has been steady and performing well. Q: The projected revenue increase for the first quarter of 2026 seems significant. Are these contracts expected to continue beyond one quarter? A: Denis Larocque confirmed that the revenue increase reflects the expanded budgets of senior companies due to high commodity prices and the need for metals. This trend is expected to continue beyond the first quarter. Q: With the current focus on critical minerals, how does this impact Major Drilling's operations? A: Denis Larocque emphasized that the increased focus on critical minerals is driving higher exploration budgets from senior companies, which aligns with Major Drilling's capabilities in providing specialized drilling solutions for challenging deposits. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Major Drilling to Release Results for its Fourth Quarter and Fiscal 2025 on June 11, 2025
Management to Host Webcast/Conference Call on Thursday, June 12, 2025 at 8:00am EDT MONCTON, New Brunswick, May 28, 2025 (GLOBE NEWSWIRE) -- Major Drilling Group International Inc. (TSX: MDI) (the 'Company') will release its fourth quarter and fiscal 2025 results for the year ended April 30, 2025, on Wednesday, June 11, 2025 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 Thursday, June 12, 2025 at 8:00 a.m. Eastern to discuss the Company's fourth quarter results for fiscal 2025. To access the webcast, which includes a slide presentation, please go to the investors/webcasts section of the Major Drilling website at and click on the link. Please note that this is listen-only mode. To participate in the conference call please dial 416-340-2217, Participant Passcode 5509648#. To ensure your participation, please call in approximately five minutes prior to the scheduled start of the call. For those unable to participate, a taped rebroadcast will be available approximately one hour after completion of the call until Sunday, July 6, 2025. To access the rebroadcast, dial 905-694-9451 and enter the passcode 3742746#. The webcast will also be archived for one year and can be accessed on the Major Drilling website ( About Major Drilling Group International Inc. Major Drilling Group International Inc. is the world's leading provider of specialized drilling services primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team. The Company maintains field operations and offices in North America, South America, Australia, Asia, and Africa. Major Drilling 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/longhole drilling, surface drill and blast, a variety of mine services, and ongoing development of data-driven, high-tech drillside solutions. For further information:Ryan Hanley, Director of Corporate Development and Investor RelationsTel: (506) 857-8636Fax: (506) 857-9211ir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-02-2025
- Business
- Yahoo
Major Drilling to Release Third Quarter Results for Fiscal 2025
Management to Host Webcast/Conference Call on Friday, March 7, 2025 at 8:00am EST MONCTON, New Brunswick, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Major Drilling Group International Inc. (TSX: MDI) (the 'Company') will release its third quarter results, ended January 31, 2025, on Thursday, March 6, 2025 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 7, 2025 at 8:00 a.m. Eastern to discuss the Company's third quarter results for fiscal 2025. To access the webcast, which includes a slide presentation, please go to the investors/webcasts section of the Major Drilling website at and click on the link. Please note that this is listen-only mode. To participate in the conference call please dial 416-340-2217, Participant Passcode 3731712#. To ensure your participation, please call in approximately five minutes prior to the scheduled start of the call. For those unable to participate, a taped rebroadcast will be available approximately one hour after completion of the call until Monday, March 31, 2025. To access the rebroadcast, dial 905-694-9451 and enter the passcode 2116538#. The webcast will also be archived for one year and can be accessed on the Major Drilling website ( About Major Drilling Group International Inc. Major Drilling Group International Inc. is the world's leading provider of specialized drilling services primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team. The Company maintains field operations and offices in North America, South America, Australia, Asia, and Africa. Major Drilling 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/longhole drilling, surface drill and blast, a variety of mine services, and ongoing development of data-driven, high-tech drillside solutions. For further information:Ryan Hanley, Director of Corporate Development and Investor RelationsTel: (506) 857-8636Fax: (506) 857-9211ir@ in to access your portfolio
