Foraco International SA , a leading global provider of mineral drilling services, is pleased to announce that it has been awarded two long-term drilling contracts with Tier-One gold mining customers in the United States, with a combined value exceeding US$60 million. The contracts encompass a broad scope of mine development and resource-definition drilling, including surface coring, deep directional drilling, and reverse [...]
Foraco International SA , a leading global provider of drilling services, today reported its unaudited financial results for the three-month and nine-month periods ended September 30, 2025. All amounts are expressed in US dollars unless otherwise stated. Q3 2025 Highlights: Revenue: US$ 71.0 million, compared to US$ 77.7 million in Q3 2024 Gross margin: US$ 14.0 million vs US$ 17.1 million in Q3 2024 EBITDA: US$ 14.2 [...]
Foraco International SA , a leading global provider of drilling services, is pleased to announce the award of three long-term contracts from Tier One mining customers in Canada and Chile, with a combined expected value of approximately US$150 million. Each of these three-year contracts covers mine development and resource definition drilling and encompasses a diverse range of services - including large-diameter coring [...]
Foraco International SA , a leading global provider of mineral drilling services, will release its third quarter 2025 financial results, prior to TSX market open on Thursday, October 30, 2025. 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 Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without [...]
Foraco International announced that the Toronto Stock Exchange has accepted for filing the Company's Notice in respect of a normal course issuer bid to be transacted through the facilities of the TSX and/or through alternative trading systems. In connection with the NCIB, the Company has entered into an automatic share purchase plan with its designated broker to allow for purchases of its common shares. Pursuant to the [...]
Foraco International announces its financial results for the second quarter and first half of 2025. Q2 2025 Highlights: Revenue: US$69.1 million, compared to US$77.9 million in Q2 2024. At constant exchange rates, revenue decreased by US$5.8 million. Revenue breakdown: Asia Pacific: Achieved another record quarter with revenue of US$24.7 million, up 11% YoY, driven by the ongoing commissioning of proprietary rigs and [...]
Foraco International will release its second quarter 2025 financial results, prior to TSX market open on Thursday, July 31, 2025. 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 Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone [...]
Foraco International is pleased to announce that it has been awarded a three-year contract estimated at US34.0m for Glencore to provide comprehensive drilling services at its operations in Chile. This contract is for mine development and resource definition drilling as part of Lomas Bayas' development program and regional and near-mine exploration initiatives aimed at expanding and delineating new resources. Foraco will [...]
Metallis Resources is pleased to announce it has signed a drilling contract with Foraco Drilling to carry out the upcoming inaugural drill program at the Company's optioned Greyhound Property, located in the historic Stibnite Mining District of central Idaho, USA. The Company has filed the required Notice of Mining Exploration Activity with respect to the patented claims, allowing the Program to begin in August. The [...]
Foraco International SA , a global leader in drilling services, is pleased to announce an important addition to its senior management team. Tim Bremner, CEO of Foraco International, today announced the appointment of Enrick Tremblay as Vice President, Canada, based in North Bay, Ontario. Enrick Tremblay joins Foraco International with an extensive professional background as both a professional engineer and geologist [...]
Foraco International is pleased to announce its results for the first quarter ended March 31, 2025. All amounts are denominated in US Dollars unless otherwise stated. Q1 2025 Financial Highlights: Revenue Revenue for the first quarter of 2025 totaled US$55.0 million, compared to US$77.1 million in Q1 2024. As anticipated, the Asia Pacific region delivered an excellent performance, driven by strong operational execution [...]
Foraco International will release its first quarter 2025 financial results, prior to TSX market open on Wednesday, April 30, 2025. 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 Tim Bremner, CEO and Fabien Sevestre, CFO. To join the conference call without operator assistance, you may register and enter your phone [...]
