Major Drilling (TSE:MDI) has released an update.
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Major Drilling reported a 13.1% increase in Q1 2025 revenue over the last quarter, despite a year-over-year decline, with significant investments in AI technology and fleet modernization to strengthen its market position. The company saw solid EBITDA and net earnings, though these figures also decreased compared to the previous year, reflecting a challenging market, especially for junior mining finance.
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