Foraco International SA

TORONTO and MARSEILLES, France, April 21, 2023 /CNW/ - Foraco International SA , a leading global provider of mineral drilling services, will release its first quarter 2023 financial results, prior to TSX market open on Friday, April 28, 2023. Following the release, Management of the Company will host a Conference Call at 10:00 am ET to review the [...]

TORONTO and MARSEILLE, France, April 13, 2023 /CNW/ - Foraco International SA , a leading global provider of mineral and water drilling services, today announced it has been awarded a major contract with Rio Tinto Iron Ore. This contract is for water related drilling services in the Pilbara region, involving both monitoring wells, dewatering wells [...]

Foraco International SA , in accordance with Toronto Stock Exchange requirements, announces the voting results at the ordinary meeting of shareholders of the Company held on April 6, 2023 in Marseille, France . In accordance with French law, shareholders of the Company, when voting in elections for directors, are given the option to vote "for" or [...]

Foraco International SA announced it has signed a Preliminary Agreement with its partners to dispose of its participation in Russia. Foraco was present in Russia through a 50% stake into Eastern Drilling Company . Since 2010 the Company has been providing technical and out of the country support services to EDC until the beginning of 2022. Today [...]

Foraco International SA announces the planned retirement of Chairman and co-CEO Daniel Simoncini and co-CEO and CFO Jean-Pierre Charmensat from their executive management positions effective as of July 1, 2023. Mr. Simoncini and Mr. Charmensat will continue to serve on the Board of Directors and support an orderly transition, and will undertake [...]

Q4 revenue increased 23% to US$84.9 million Q4 EBITDA increased 82% to US$17.1 million FY 2022 revenue increased 23% to US$330.6 million, benefiting from strategic positioning in key commodities Record FY 2022 EBITDA of US$66.5 million Strong FY 2023 backlog of US$229.6 million confirming strength of business model FY 2022 utilization rate of 58 [...]

Foraco International SA will release its fourth quarter 2022 financial results, prior to TSX market open on Thursday, February 16, 2023. Following the release, Management of the Company will host a Conference Call at 10:00 am ET to review the financial results. The call will be hosted by Daniel Simoncini, Chairman & Co-CEO and Jean-Pierre [...]

Foraco International SA announced it has been awarded recently a series of major contracts with Vale Canada. Over the last few weeks, Foraco has won new contracts and successfully negotiated multiyear extensions to existing contracts with Vale Canada for the provision of exploration, definition drilling and large diameter rotary drilling. The [...]

Foraco International SA released its unaudited financial results for the third quarter 2022. All figures are expressed in US Dollars unless otherwise indicated. Highlights In USD millions Q3 2022 Q3 2021 Variation TTM Revenue 91.4 70.6 +30 % 314.5 EBITDA 23 13.8 +67 % 58.8 Net Profit 11.2 6.6 +70 % 21.3 Net Debt 86.9 Exclusing Q3 2021 non recurring [...]

Foraco International SA will release its third quarter 2022 financial results, prior to TSX market open on Friday, October 28, 2022. Following the release, Management of the Company will host a Conference Call at 11:00 am ET to review the financial results. The call will be hosted by Daniel Simoncini, Chairman & Co-CEO and Jean-Pierre Charmensat [...]