Major Drilling (TSE:MDI) has released an update.
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Major Drilling Group International Inc. reported a robust fiscal year 2024 with $706.7 million in revenue, marking it as the third highest in their 44-year history, though there was a decrease in net earnings compared to the previous year. The company also achieved a record low Total Recordable Incident Rate and made significant investments in capital expenditures to support anticipated growth in drilling demand. Despite a slow fourth quarter start in North America, increased activities in regions with copper exposure helped balance performance.
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