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Major Drilling Group International's (MJDLF) CEO Denis Larocque on Q3 2018 Results - Earnings Call Transcript

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Major Drilling Group International Inc. (OTCPK:MJDLF) Q3 2018 Earnings Conference Call March 2, 2018 9:00 AM ET


Denis Larocque - President & CEO

David Balser - CFO


Jacques Wortman - Eight Capital

Daryl Young - TD Securities


Good morning, ladies and gentlemen. Welcome to the Q3 2018 Results Webcast Conference Call.

I would now like to turn the meeting over to Mr. Denis Larocque, President and CEO. Please go ahead, Mr. Larocque.

Denis Larocque

Thank you, Valarie. Good morning, everyone and welcome to Major Drilling’s conference call for the third quarter of fiscal 2018. With me is David Balser, our CFO. You should all have received a copy of our results, which were released yesterday evening, if not, please see our website at majordrilling.com.

Before we get started, I'd like to caution you as usual, that during this conference call, we will make 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.

First of all, I'd like to congratulate our Canadian group winning this year’s PDAC Safe Day Everyday Gold Award in recognition of having worked a million hours lost time injury-free during 2016.

Our Canadian crews have now worked more than four million hours over 3.5 years without a single lost time injury. The safety and wellbeing of our crews is our first and highest responsibility when we work on any project and we work hard to earn the trust and support of our crews, and we are pleased to see their success being recognized by a group of our clients and peers.

Now regarding the third quarter, the company faced the usual slowdown in activity over the holiday season. While all regions were affected by loss of revenue and

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