Last C$1.55 CAD
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As of 4:00 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

orbit garant drilling inc (OGD) Snapshot

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52 Week High
03/4/14 - C$1.94
52 Week Low
07/24/13 - C$0.95
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orbit garant drilling inc (OGD) Details

Orbit Garant Drilling Inc. provides drilling services in Canada and internationally. It offers surface and underground diamond drilling services for each stage of mineral exploration, mine development, and production to major, intermediate, and junior mining companies; geotechnical drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies; drilling campaigns planning and development services; and installation services. As of September 26, 2013, the company operated a fleet of 214 drill rigs. It also manufactures and maintains surface and underground drills; custom drill rigs for drilling projects; and other equipment, including tools and spare parts, servicing trucks and trailers, underground trucks, tractors/muskeg, scoops tram, all-terrain vehicles, and logging skid camps. The company was founded in 1985 and is headquartered in Val-d’Or, Canada.

600 Employees
Last Reported Date: 05/13/14
Founded in 1985

orbit garant drilling inc (OGD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$299.0K
Chief Financial Officer, Vice-President and C...
Total Annual Compensation: C$181.0K
Vice Chairman and Vice President of Business ...
Total Annual Compensation: C$217.0K
Compensation as of Fiscal Year 2013.

orbit garant drilling inc (OGD) Key Developments

Orbit Garant Drilling, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Reports Production Results for the Third Quarter Ended March 31, 2014

Orbit Garant Drilling, Inc. reported unaudited earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported revenue of CAD 16.0 million compared to CAD 23.7 million a year ago. LBITDA was CAD 1.1 million compared to EBITDA of CAD 2.9 million a year ago. The decline is primarily attributable to decreased domestic drilling revenue and lower gross margins. Net loss was CAD 2.9 million or CAD 0.09 basic and diluted per share compared to CAD 0.6 million or CAD 0.02 basic and diluted per share a year ago. The decrease in revenue resulted primarily from a decline in average revenue per metre drilled and lower metres drilled during the quarter, reflecting the industry-wide decline in demand for mineral drilling services, as many senior and intermediate mining companies have scaled back their drilling programs, and junior mining companies have significantly cut their exploration activities due to a lack of capital. For the nine months period, the company reported revenue of CAD 51.3 million compared to CAD 82.8 million a year ago. EBITDA was CAD 1.5 million compared to CAD 12.3 million a year ago. Net loss was CAD 5.5 million or CAD 0.17 basic and diluted per share compared to net earnings of CAD 1.1 million or CAD 0.03 basic and diluted per share a year ago. As at March 31, 2014, the company's long-term debt, including the current portion, was CAD 10.7 million, compared to CAD 14.8 million as at June 30, 2013. For the quarter, the company drilled just over 205,000 meters, down from 240,000 meters in third quarter last year. The decline in meters drilled reflects decreased demand from customers. For the fourth quarter of 2014, the company expects to return to positive gross margin.

Orbit Garant Drilling, Inc., Q3 2014 Earnings Call, May 14, 2014

Orbit Garant Drilling, Inc., Q3 2014 Earnings Call, May 14, 2014

Orbit Garant Drilling, Inc. to Report Q3, 2014 Results on May 13, 2014

Orbit Garant Drilling, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on May 13, 2014


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