Major Drilling Group International Inc.

Good day, ladies and gentlemen, and welcome to the second quarter 2026 results conference call. All participants are in listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. As a reminder, this call may be recorded. I would like to turn the call over to Ryan Hanley, Director of Capital Markets. You may begin.

Thank you, and good morning, everyone. As mentioned, we would like to welcome you to Major Drilling's conference call for the second quarter of fiscal 2026. With me on the call today are Denis Laroque, President and CEO, and Ian Ross, CFO. Our results were released last night and can be found on our website at www.majordrawing.com. We also invite you to visit our website for further information. Before we get started, we'd like to caution you that 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 in such statements. I'll now turn the presentation over to Denis Laroque, President and CEO.

Thanks, Ryan, and good morning, everyone. Thank you for joining us today to discuss our second quarter results. I'd like to begin by highlighting what was a record-setting quarter, which resulted in quarterly revenue increasing by 29% to $244 million when compared to the same period last year. This represents the highest quarterly revenue generated in the company's 45-year history and a level that we hope to build upon. We are continuing our proactive efforts by leveraging our strong balance sheets to ensure that rates and inventory are ready for rapid deployment, which will position us to take on expected increased demand for mining customers in anticipation of what we believe will be a busier calendar 2026. In the quarter, our Canadian operations saw a strong rebound in activity levels with a 63% year-over-year increase in revenue, as strategic market positioning drove results despite the continued competitive environment. While the majority of incremental demand continues to come from senior mining companies, The number of discussions with juniors has also begun to increase following the number of financing which we're completing over the last few months. In South America, we also saw further growth in the Peruvian market with Expo Min's revenue run rate continuing to grow following the closing of the acquisition in November 24. Additionally, slowdowns in Argentina and Chile due to challenging economic conditions and customer delays were more than offset by growth in Brazil and Guyanese. Strength throughout the North and South American markets was partially offset by the Australian and African region, which was impacted by a company's largest customer in Indonesia experiencing an operational incident that resulted in the suspension of all mine site activity for the majority of the core. While some activity now gradually beginning to resume, drilling operations are expected to return to full capacity in our fourth fiscal quarter. I'll discuss the rest of our outlook in more detail once Ian has taken us through the financials. Ian? Thanks, Denise.