Major Drilling president and CEO Denis Larocque (R) in conversation with TNM’s western editor, Henry Lazenby.
Falling reserves and fewer discoveries push explorers to drill deeper and in remote areas. Major Drilling Group International (TSX: MDI) sees this as an opportunity, president and CEO Denis Larocque said in an interview.
With 45 years in the business, operations in 20 countries and over 700 drills in the field, the company shifts from analog core sampling to delivering AI-powered digital data at the drill site.
“The mining cycle is very interesting in a sense that we’re at the beginning of what we feel is a big upcycle coming,” Larocque said last week during the Prospectors and Developers Association of Canada’s annual convention in Toronto. “We see similarities to the previous upcycle, which peaked in 2012.”
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