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: James Vail - Arcadia Advisors LLC - Analyst
: Denis, as you go forward, where do you think the junior exploration business settles out at? It seems to me that with this recent acquisition, they're
going to become less and less of a swing factor and results going forward. Is that a reasonable expectation?
Question: James Vail - Arcadia Advisors LLC - Analyst
: Okay. All right. That's good. And the best for the holidays for you guys.
Question: Brett Kearney - American Rebirth Opportunity Partners LLC - Analyst
: Hi. Good morning, Denis and Ian. Thanks for taking my question.
Question: Brett Kearney - American Rebirth Opportunity Partners LLC - Analyst
: Congratulations on getting the Explomin transaction completed and really encouraging that Carlos and his team are staying on post the close. I
know it's early days. Just curious what you guys see at this point or down the road, learnings from what that team is doing operationally, with their
customers as well as some of the best practices Major Drilling has developed that you guys can leverage in terms of collaboration and best practices
sharing?
Question: Brett Kearney - American Rebirth Opportunity Partners LLC - Analyst
: Terrific. And if I could just ask one more quick one, another item? I know it's early days, but following the election in the US, I know there's still a lot
to play out and the focus has primarily been on, well, a lot of discussion on the energy side but curious what you're hearing from folks, your
customers, this broader push by the incoming administration around rolling back regulation, and the implications it could have for minerals and
metals extraction in the US or North America more broadly.
Question: Brett Kearney - American Rebirth Opportunity Partners LLC - Analyst
: That's very helpful color. Thanks so much, Denis.
Question: Donangelo Volpe - Beacon Securities Limited - Analyst
: Hey. Good morning, guys and congratulations on the results. Yeah, just wanted to say thanks for providing the breakdown of the Explomin rig
count. So I was just wondering if you guys could provide any color regarding the utilization rates of their fleet. Are they around like the 40% mark
that you guys are currently holding or are they a little bit higher?
Question: Donangelo Volpe - Beacon Securities Limited - Analyst
: Okay. Thank you. And then just moving over to South America or I guess still in South America, I understand that the Chile operations remain
strong. You guys did point out towards some slowdowns in other parts of the region. Would the addition of Peru kind of help offset this or how
are you guys feeling about Peru? And could you guys speak about some of the regions that were experiencing slowdowns throughout the quarter?
Question: Donangelo Volpe - Beacon Securities Limited - Analyst
: Okay. Thank you for answering my questions. I'll head back in queue.
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DECEMBER 06, 2024 / 1:00PM, MDI.TO - Q2 2025 Major Drilling Group International Inc Earnings Call
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