Major Drilling Group International Inc
TSX:MDIView on OTC Pink - Current Information

  • LAST PRICE
    8.7800
  • TODAY'S CHANGE (%)
    0.0500 (0.5727%)
  • Bid / Lots
    8.6600/ 3
  • Ask / Lots
    8.8800/ 3
  • Open / Previous Close
    8.7100 / 8.7300
  • Day Range
    8.5800
    8.8800
  • 52 Week Range
    6.8100
    10.3900
  • Volume
    64,971

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  • Jun 11, 2024

      Show headlines and story abstract

    • 6:35PM ET on Tuesday Jun 11, 2024 by Dow Jones
      Companies Mentioned: MDI

      By Stephen Nakrosis

      Major Drilling Group International said it was expecting to see demand rise for copper, gold and metals used in batteries.

      The Canadian company provides specialized drilling services to the mining industry.

    • 5:19PM ET on Tuesday Jun 11, 2024 by MT Newswires
      Companies Mentioned: MDI
      05:19 PM EDT, 06/11/2024 (MT Newswires) -- Major Drilling Group International (MDI.TO), on Thursday its fiscal fourth-quarter profit fell 52% on weaker revenue. The company, which provides drilling services to the mining industry, said it earning $...

    • 5:00PM ET on Tuesday Jun 11, 2024 by GlobeNewswire
      Companies Mentioned: MJDLF

    • 5:00PM ET on Tuesday Jun 11, 2024 by Dow Jones
      Companies Mentioned: MDI

    • 5:00PM ET on Tuesday Jun 11, 2024 by Dow Jones
      Companies Mentioned: MDI
      Three months ended Twelve months ended April 30 April 30 (unaudited) 2024 2023 2024 2023 -------- -------- -------- -------- OPERATING ACTIVITIES Earnings before income tax $ 12,324 $ 26,107 $ 71,013 $ 97,572 Operating items not involving cash Depreciation and amortization 13,852 11,778 51,718 47,478 (Gain) loss on disposal of property, plant and equipment (232) (143) (843) (912) Share-based compensation 59 131 277 508 Finance (revenues) costs recognized in earnings before income tax (888) (668) (2,204) (832) ------- ------- ------- ------- 25,115 37,205 119,961 143,814 Changes in non-cash operating working capital items (13,691) (29,772) 4,652 (6,911) Finance revenues received (costs paid) 888 668 2,204 832 Income taxes paid (4,161) (7,559) (14,782) (24,549) ------- ------- ------- ------- Cash flow from (used in) operating activities 8,151 542 112,035 113,186 ------- ------- ------- ------- FINANCING ACTIVITIES Repayment of lease liabilities (413) (284) (1,495) (1,688) Repayment of long-term debt - - (20,000) (30,000) Issuance of common shares due to exercise of stock options 96 212 551 2,080 Cash-settled stock options - - (326) - Repurchase of common shares - - (11,249) - Cash flow from (used in) financing activities (317) (72) (32,519) (29,608) ------- ------- ------- ------- INVESTING ACTIVITIES Payment of consideration for previous business acquisition - - (6,991) (8,789) Acquisition of property, plant and equipment (18,461) (16,610) (73,534) (58,690) Proceeds from disposal of property, plant and equipment 312 199 2,138 3,501 ------- ------- ------- ------- Cash flow from (used in) investing activities (18,149) (16,411) (78,387) (63,978) ------- ------- ------- ------- Effect of exchange rate changes 1,667 809 657 3,572 ------- ------- ------- ------- INCREASE (DECREASE) IN CASH (8,648) (15,132) 1,786 23,172 CASH, BEGINNING OF THE PERIOD 104,866 109,564 94,432 71,260 ------- ------- ------- ------- CASH, END OF THE PERIOD $ 96,218 $ 94,432 $ 96,218 $ 94,432 ======= ======= ======= ======= Major Drilling Group International Inc. Condensed Consolidated Balance Sheets As at April 30, 2024 and April 30, 2023 (in thousands of Canadian dollars) April 30, 2024 April 30, 2023 ---------------- ---------------- ASSETS CURRENT ASSETS Cash and cash equivalents $ 96,218 $ 94,432 Trade and other receivables 122,251 137,633 Income tax receivable 3,803 2,336 Inventories 110,805 115,128 Prepaid expenses 9,532 10,996 ------------ ------------ 342,609 360,525 PROPERTY, PLANT AND EQUIPMENT 237,291 215,085 RIGHT-OF-USE ASSETS 4,595 5,637 DEFERRED INCOME TAX ASSETS 2,872 4,444 GOODWILL 22,597 22,690 INTANGIBLE ASSETS 2,219 3,304 ------------ ------------ $ 612,183 $ 611,685 ============ ============ LIABILITIES CURRENT LIABILITIES Trade and other payables $ 86,226 $ 102,144 Income tax payable 4,367 3,674 Current portion of lease liabilities 1,395 1,617 Current portion of contingent consideration 8,863 7,138 100,851 114,573 LEASE LIABILITIES 3,321 3,965 CONTINGENT CONSIDERATION - 7,975 LONG-TERM DEBT - 19,972 DEFERRED INCOME TAX LIABILITIES 14,179 12,623 ------------ ------------ 118,351 159,108 ------------ ------------ SHAREHOLDERS' EQUITY Share capital 262,679 266,071 Retained earnings 151,740 105,944 Other reserves (18) (37) Share-based payments reserve 3,630 3,696 Foreign currency translation reserve 75,801 76,903 ------------ ------------ 493,832 452,577 ------------ ------------ $ 612,183 $ 611,685 ============ ============

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