Major Drilling Group International Inc. (T:MDI*CA)

Business Focus: Mining Support Services & Equipment (NEC)

Sector:  Basic Materials Industry:  Mining Support Services & Equipment
 
Company Contact
Address: 111 St. George Street, Suite 100
MONCTON NB E1C 1T7
Tel: N/A
Website: https://www.majordrilling.com
IR: See website
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Key People
Denis Joseph Larocque
President, Chief Executive Officer, Director
Ian Ross
Chief Financial Officer
John Ross Davies
Vice President Operations - Australasia
Ashley Sedrick Martin
Vice President Operations - Latin America
Andrew Mclaughlin
Vice President - Legal Affairs, General Counsel, Secretary
Benjamin Luke Graham
Vice President - Human Resources and Safety
Business Overview
Major Drilling Group International Inc. is a Canada-based drilling services company primarily serving the mining industry. It 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, and a variety of mine services. It maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa, and Australia. The Company has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which the Company provides greenfield exploration drilling and/or drilling at operating mines. The Company has invested in a fleet of digitized mobile underground drills that allow less dependence on client resources, as well as increased ability for automation and versatility.
Financial Overview
For the fiscal year ended 30 April 2024, Major Drilling Group International Inc revenues decreased 4% to C$706.7M. Net income decreased 29% to C$53.1M. Revenues reflect Drilling - Canada/United States segment decrease of 15% to C$344.9M. Net income also reflects Employee salaries and benefit expenses increase of 9% to C$36.2M (expense), Foreign exchange (gain) loss increase from C$2.8M to C$5.5M (expense).
Employees: 3,462 as of Apr 30, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $666.32M as of Apr 30, 2024
Annual revenue (TTM): $706.69M as of Apr 30, 2024
EBITDA (TTM): $125.22M as of Apr 30, 2024
Net annual income (TTM): $53.09M as of Apr 30, 2024
Free cash flow (TTM): $38.50M as of Apr 30, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 81,837,986 as of Jul 3, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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