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0.71499997 EUR
0.04
5.30%
Last update Jun 24, 3:34 PM CEST
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Day range
0.71499997
0.74000001
Previous close
0.75500000
Open
0.74000001
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Orbit Garant Drilling Inc.
0.71
0.04
5.30%

Overview

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Description

Orbit Garant Drilling Inc. is a leading Canadian-based mineral drilling company headquartered in Val-d'Or, Québec. It specializes in underground and surface diamond drilling services for major, intermediate, and junior mining companies across all stages of mineral exploration, mine development, and production. Operating primarily in Canada and select international markets like Chile, the company supports gold-related projects (66% of revenue) and base metals including copper (34%), with 73% of revenue from domestic operations and 87% from contracts with major and intermediate customers, often spanning one to five years. Orbit Garant also provides geotechnical and water drilling to engineering firms, environmental consultants, and government agencies. With approximately 188 drill rigs and 1,000 specialized employees, it emphasizes specialized drilling (42% of revenue), which involves complex, remote, or technically demanding projects. The company manufactures conventional and customized drill rigs at facilities in Val-d'Or and Sudbury, Ontario, incorporating innovations like computerized monitoring, automated rod handling, and hands-free systems to enhance precision, efficiency, and safety. Formed in 2007 through the merger of Orbit Drilling (founded 1986) and Garant & Brothers Drilling (established 1965), Orbit Garant plays a vital role in the global mining sector by enabling resource discovery and extraction in stable jurisdictions.

About

CEO
Mr. Daniel Maheu
Employees
1300
Address
3200, Jean-Jacques Cossette Boulevard
Val-D'or, J9P 6Y6, QC
Canada
Phone
866 824 2707
Website
Instrument type
Common stock
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Country
Germany
MIC code
XFRA
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