Major Drilling Group International Inc.

Good morning, ladies and gentlemen, and welcome to the third quarter 2021 results conference call. I would now like to turn the meeting over to Chantal Melancon. Please go ahead, Ms. Melancon.

Thank you, and good morning, everyone. As mentioned, we would like to welcome you to Major Drilling's conference call for the third quarter of fiscal 2021. On our call, we will have Denis Larocque, President and CEO, and Ian Ross, our Chief Financial Officer. Our results were released yesterday evening and can be found on our website at www.majordrilling.com. We also invite you to visit our website for further information. Before we get started, we'd like to caution you during this conference call, we will be making forward-looking statements about future events or the future financial performance of the company. These statements are forward-looking in nature, and actual events or results may differ materially from those currently anticipated statements. I will now turn the presentation over to Dara.

Please go ahead. Good morning, everyone, and thank you for joining us today. We were pleased by the level of activity generated this quarter, both before and after the holiday period. The third quarter is always impacted by a seasonal shutdown over Christmas at certain projects, but November was a particularly good month and continued progression of the experience in the previous quarter. December saw the usual anticipated reduction in operations over the holidays, while in Canada, January got off to a quicker start than previous years. These factors contributed to a revenue increase of 23% for the quarter, and it does provide a strong indication that we are moving into a mining upcycle. Margins, as you as is usual for this quarter, were impacted by substantial announcements from overall work over the holiday period. Additionally, the company incurred significant training, mobilization, and setup costs to meet the pickup of activity and increased demand we are seeing for our services as we move into the fourth quarter and beyond. This performance generated EBITDA of $8.7 million, an increase of 226% over last year, which turned into an increase of $6.6 million of net cash, bringing our net cash position to $14.2 million. I want to commend our employees throughout the organization who have been able to work through strict protocols and logistical challenges and deliver this kind of growth while remaining safe and healthy. I also want to highlight our Canadian Division's safety performance, which has now operated over 7.5 million hours over six and a half years without a lost time injury. The safety and well-being of our crews is our first and highest responsibility when we work on any process, and we work hard to earn the trust and support of our crews, and we are pleased to see their success. With that, Ian will walk us through the financials, and then I'd like to discuss our market outlook further before opening up the call. Ian?