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Major Drilling Group International (MDI) investor relations material
Major Drilling Group International Investor Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor Presentation summary9 Sep, 2025
Investment highlights
Diversified by commodity, customer base, and geography, reducing risk and providing flexibility to pivot with market demand.
Strong balance sheet with $127M liquidity and minimal net debt, supporting fleet modernization and growth opportunities.
Operations span the full mine lifecycle, from early exploration to production, ensuring stable revenue streams.
Substantial operational leverage from existing fleet and infrastructure, enabling margin expansion as utilization rises.
Revenue is predominantly sourced from large, stable mining companies, with no single project exceeding 10% of total revenue.
Market trends and growth drivers
Senior exploration budgets are projected to increase, driven by depleted reserves and strong commodity prices.
Equity capital raises, especially for junior miners, are beginning to rise, though still below historical highs.
Global exploration spending remains below peak levels, but investments during downturns have positioned the company for market share gains.
Gold prices have reached record highs, yet junior financings are only now starting to recover.
Financial performance and capital structure
FQ1 2026 revenue was $226.6M, up from $190.0M in FQ1 2025, though gross margin declined to 18.6% from 22.1%.
Adjusted gross margin was 25.2%, with EBITDA at $32.1M and net earnings of $10.1M for FQ1 2026.
Market capitalization stands at $719.8M, with 81.9M shares outstanding and a share price of $10.26 as of September 2025.
Explomin's impact on specialized drilling?
Quantify margin upside from higher utilization.
Reserve replenishment outlook for mining?
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Next Major Drilling Group International earnings date
Q2 20265 Dec, 2025
Next Major Drilling Group International earnings date
Q2 20265 Dec, 2025
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Frequently asked questions
Major Drilling Group International Inc. provides contract drilling services. The company offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, deep exploration drilling and related services
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