The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gordon Lawson - Paradigm Capital Inc. - Analyst
: Hey, good morning and congratulations on a great quarter. (technical difficulty) [There's still not a gold financings] over the past few months. So
I'm wondering if you're seeing higher demand going into 2024 from that sector as well as silver.
Question: Gordon Lawson - Paradigm Capital Inc. - Analyst
: Okay, thank you. And your ForEx loss, as you mentioned, it has improved from last quarter and last year. So I'm wondering if you could elaborate
on your local investment strategy, particularly with the Argentine peso but also elsewhere.
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DECEMBER 08, 2023 / 1:00PM, MDI.TO - Q2 2024 Major Drilling Group International Inc Earnings Call
Question: Ahmad Shaath - Beacon Securities Limited - Analyst
: Hey, guys. Maybe first comment on the gross margin and the margins in general. You guys mentioned operating leverage, what we typically expect
better improvement in margin compared to revenue, but the trend year to date has been somewhat the opposite.
Am I reading too much into that -- understand or the magnitude is small in terms on the deterioration margin, but can you give us any color that
some one-offs in there? Or are you seeing some price pushbacks in the marketplace?
Question: Ahmad Shaath - Beacon Securities Limited - Analyst
: Okay. That's great color. I appreciate it. I think that's all I had, congrats on a solid quarter.
Question: Steven Green - TD Securities, Inc. - Analyst
: Hi, guys. Just a question on the revenue mix by commodity. You mentioned the shift to battery metals, lithium, and copper. Does that impact at
all the type of rigs you're using on the jobs and the overall gross margins of those jobs versus the prior mix?
Question: Steven Green - TD Securities, Inc. - Analyst
: Okay, great. And just on your comments on the holiday season, some of the shutdowns coming a little earlier than expected than last year. Can
you give a little more color around that what you're seeing there?
Question: Ahmad Shaath - Beacon Securities Limited - Analyst
: Hi, guys. Just a follow up, I guess on capital allocation strategy, given the strong balance sheet and the strong free cash flow generation you guys
have. And in light of what you've seen in the market, maybe it's a little bit too early, but any changes to your CapEx growth given what's going on
in the junior space? Or is it too early to make any conclusions based on that? And given where the share prices I imagine we should expect it to
continue to be as active on the [NCIV], if not even more.
Question: Ahmad Shaath - Beacon Securities Limited - Analyst
: And I guess on the NCIV, I guess, (multiple speakers) activity?
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