ORBIT GARANT ACQUIRES LANTECH DRILLING SERVICES Transaction Adds 32 Rigs to Company’s Fleet and ProvidesStrategic Entry Point to African Mineral Drilling Market Val-d’Or, Quebec, Dec. 16, 2011 – Orbit Garant Drilling Inc. (TSX: OGD) (“Orbit Garant”) today announced that it has acquired Lantech Drilling Services Inc. (“Lantech Drilling”) for a purchase price of $12.0 million, consisting of $8.38 million in cash, …
ORBIT GARANT DRILLING INC. REPORTS FISCAL 2012 FIRST QUARTER FINANCIAL RESULTS
December 12, 2011ORBIT GARANT DRILLING INC. REPORTS FISCAL 2012 FIRST QUARTER FINANCIAL RESULTSDecember 12, 2011 :ORBIT GARANT DRILLING INC. REPORTS FISCAL 2012 FIRST QUARTER FINANCIAL RESULTSRevenue increased 35.4% to $37.1 million from $27.4 million in Q1 FY2011Adjusted gross margin (excluding amortization expense) improved to 29.5% from 26.1% in Q1 FY2011EBITDA increased 58.5% to $8.3 million, compared to $5.2 million in …
ORBIT GARANT FISCAL 2012 FIRST QUARTER RESULTS RELEASE, CONFERENCE CALL AND WEBCAST
ORBIT GARANT FISCAL 2012 FIRST QUARTER RESULTS RELEASE, CONFERENCE CALL AND WEBCAST Val-d’Or, Quebec, Nov. 30, 2011 – Orbit Garant Drilling Inc. (TSX: OGD) will release its fiscal 2012 first quarter financial results on Monday, December 12, 2011, prior to market open. Eric Alexandre, President and CEO, and Alain Laplante, Vice President and CFO, will host a conference call for analysts …
Reminder Notice: Orbit Garant Drilling Inc. Annual General Meeting
Orbit Garant Drilling Inc. (TSX: OGD) will host its annual meeting of shareholders on Thursday, November 17, 2011, at The Fairmont Queen Elizabeth, 900 Boulevard Rene-Levesque West, Montreal. The meeting will be held in the Ramezay Room and commences at 10:00 a.m. (ET). Eric Alexandre, President and CEO, and Alain Laplante, CFO, invite shareholders, other stakeholders, and media to attend. …
ORBIT GARANT DRILLING INC. REPORTS FISCAL 2011 FINANCIAL RESULTS
Revenue increased 16.2% to $127.7 million, up from $110.0 million in fiscal 2010 Completed 1.4 million meters of drilling, up from 1.3 million last year Record revenue of $41.1 million in Q4 2011 Expanded workforce from 680 to 918 employees Added management depth to support future growth including geographic expansion and acquisitions Expanded fleet to 180 drill rigs, up from …
ORBIT GARANT FOURTH QUARTER 2011 RESULTS RELEASE, CONFERENCE CALL AND WEBCAST
ORBIT GARANT FOURTH QUARTER 2011 RESULTS RELEASE, CONFERENCE CALL AND WEBCAST Val-d’Or, Quebec, Sept. 12, 2011 – Orbit Garant Drilling Inc. (TSX: OGD) will release its fiscal 2011 fourth quarter financial results on Wednesday, September 21, 2011, following the close of markets. Eric Alexandre, President and CEO, and Alain Laplante, Vice President and CFO, will host a conference call for analysts …
Orbit Garant Renews Hope Bay Drilling Contract with Newmont Mining
Orbit Garant Renews Hope Bay Drilling Contract with Newmont MiningVal-d’Or, Quebec, June 23, 2011 – Orbit Garant Drilling Inc. (TSX: OGD) today announced that it has renewed a diamond core drilling services contract with Hope Bay Mining Company, a subsidiary of Newmont Mining Corporation (NYSE: NEM), at the Hope Bay gold exploration and development project in Nunavut, Canada. Under terms of …
Orbit Garant Secures $40 Million Credit Facility with National Bank Financial
Orbit Garant Secures $40 Million Credit Facility with National Bank FinancialVal-d’Or, Quebec, June 16, 2011 – Orbit Garant Drilling Inc. (TSX: OGD) (“Orbit Garant” or “the Company”) today announced a new C$40 million secured, four-year revolving credit facility with National Bank Financial, replacing the Company’s prior C$7 million one-year revolving credit facility held with the same institution. Orbit Garant and its …
ORBIT GARANT DRILLING INC. ANNOUNCES FINANCIAL RESULTS FOR Q3 FISCAL 2011
ORBIT GARANT DRILLING INC. ANNOUNCES FINANCIAL RESULTS FOR Q3 FISCAL 2011 Q3 revenue of $33.4 million increased 16% from the comparable quarter in fiscal 2010 Completed 368,144 meters of drilling, up from 352,602 last year Expanded fleet to 176 drill rigs, including 8 new drills in the third quarter Working capital of $39.9 million as of March 31, 2011 Invested …
ORBIT GARANT DRILLING INC. ANNOUNCES GROWTH AND STRONG FINANCIAL RESULTS FOR Q2 FISCAL 2011
ORBIT GARANT DRILLING INC. ANNOUNCES GROWTH AND STRONG FINANCIAL RESULTS FOR Q2 FISCAL 2011 Orbit Garant announces the appointment of Mr. William N. Gula to its Board of Directors Revenue $25.9 million, compared with $23.7 million in the comparable quarter of fiscal 2010 Completed 297,704 meters of drilling, up from 287,861 last year An expanding fleet of 168 drill rigs, …