Major Drilling Group International Inc. (MDI) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to the third quarter 2026 results conference call. All participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. As a reminder, this call may be recorded. I would now like to turn the call over to Ryan Hanley. You may begin. Thank you. Good morning, everyone. As mentioned, we'd like to welcome you to Major Drilling's conference call for the third quarter of fiscal 2026. With me on the call today are Danila Rock, President and CEO, and Ian Ross, CFO. Our results were released last night and can be found on our website at www.majordrilling.com. We also invite you to visit our website for further information. Before we get started, we'd like to caution you that during this conference call, we will be making forward-looking statements about future events or the future financial performance of the company. These statements are forward-looking in nature, and actual events or results may differ materially from those currently anticipated in such statements. I'll now turn the presentation over to Denis Laroque, President and CEO. Thank you, Ryan, and good morning, everyone. And thank you for joining us today to discuss our third quarter results. While the third quarter is typically the weakest of our fiscal year, as customers pause operations for the holiday period, we began aggressively preparing for what is shaping up to be a very busy year. Over the last several weeks, many of our senior mining customers have released their exploration budgets, with some pointing to increases of 30 plus percent, while others look to almost double their budgets when compared to last year. Meanwhile, the juniors remain well supported, having raised substantial capital f...