Orbit Garant Drilling Inc.
1.10
CAD
-0.40
(-26.67%)
ISIN
CA68556N1042
CUSIP
68556N104
Return %
Stock
S&P 500
1Y
-35.67
14.20
3Y
77.42
81.12
5Y
-8.33
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
CAD
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Daniel Maheu
- Full Time Employees
- 1,300
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- 3200, Jean-Jacques Cossette Boulevard Val-d'Or QC Canada J9P 6Y6
- IPO Date
- Jun 30, 2008
- Website
- orbitgarant.com
- Similar Companies
- Business
- Orbit Garant Drilling Inc is a Canadian-based surface and underground diamond drilling services company primarily serving the mining industry. The company offers a comprehensive range of drilling services including surface and underground diamond drilling; reverse circulation (RC) drilling; directional core drilling; geotechnical and water drilling services; and customized drilling solutions for mineral exploration, mine development, and production. Orbit Garant operates in Canada and South America, with a modern fleet of drill rigs equipped with computerized monitoring and control technology tailored to meet the needs of major, intermediate, and junior mining companies, as well as engineering consulting firms, environmental consultants, and government agencies. Founded in 2007 through the merger of Orbit Drilling and Garant & Brothers Drilling, Orbit Garant Drilling has built a strong reputation in the mining exploration and production sectors with operations spanning Quebec, Ontario, Manitoba, Guyana, and Suriname. The company focuses on drilling services for exploration and mining of copper, zinc, gold, and other minerals. Recent strategic developments include entering into a strategic partnership with Rainy Lake Tribal Contracting Ltd. to enhance regional drilling capabilities and announcing a normal course issuer bid program in 2024 to repurchase shares and enhance shareholder value. Operationally, the company has increased drill rig capacity, including manufacturing a new conventional drill rig and procuring a reverse circulation drill rig. In the fiscal year 2025, Orbit Garant reported strong revenue growth driven by higher activity in Canada and South America along with improved drilling margins attributed to increased revenue per meter drilled and operational efficiencies. The company strategically exited less profitable operations in West Africa in 2024 to concentrate on core Canadian and South American markets. It continues to prioritize maintenance capital expenditures and debt reduction while focusing on long-term contracts with senior and intermediate mining customers. The company's growth strategy leverages sustained demand fueled by strong gold and copper prices alongside opportunities arising from mineral resource development and electrification trends. Orbit Garant Drilling maintains a diverse and technologically advanced drill rig fleet, including 46 rigs outfitted with proprietary computerized control systems, supporting complex drilling projects with emphasis on safety and productivity. The company also provides extensive training programs for personnel to enhance safety and operational efficiency. Headquartered in Val-d’Or, Quebec, Orbit Garant remains positioned as a leading drilling service provider in the Canadian and South American mining sectors with a focus on sustainable growth and value creation for shareholders.
Company News
Orbit Garant Drilling Inc. (OGD:CA) Q4 2026 Earnings Call Transcript
Orbit Garant Drilling Q3 Earnings Call Highlights
U92 Energy Corp. Provides Corporate Update on Phase One Drilling and Technical Advancement for Its Uranium Project in Guyana
U92 Energy Corp. Engages Drill Contractor for Inaugural 5,000 Metre Drill Program at the Kurupung Project in Guyana
Orbit Garant Drilling Inc. (OGD:CA) Q2 2026 Earnings Call Transcript
Orbit Garant Drilling Inc. (OGD:CA) Shareholder/Analyst Call Prepared Remarks Transcript
Orbit Garant Drilling Inc. (OGD:CA) Q1 2026 Earnings Call Transcript