Major Drilling Group International Inc.

TSX:MDI Stock Report

Market Cap: CA$967.9m

Major Drilling Group International Management

Management criteria checks 4/4

Major Drilling Group International's CEO is Denis Larocque, appointed in Sep 2015, has a tenure of 10.08 years. total yearly compensation is CA$1.73M, comprised of 29.3% salary and 70.7% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth CA$1.04M. The average tenure of the management team and the board of directors is 6.8 years and 6.6 years respectively.

Key information

Denis Larocque

Chief executive officer

CA$1.7m

Total compensation

CEO salary percentage29.30%
CEO tenure10.1yrs
CEO ownership0.1%
Management average tenure6.8yrs
Board average tenure6.6yrs

Recent management updates

Recent updates

Investors Appear Satisfied With Major Drilling Group International Inc.'s (TSE:MDI) Prospects As Shares Rocket 27%

Sep 25
Investors Appear Satisfied With Major Drilling Group International Inc.'s (TSE:MDI) Prospects As Shares Rocket 27%

Why Investors Shouldn't Be Surprised By Major Drilling Group International Inc.'s (TSE:MDI) 25% Share Price Surge

May 08
Why Investors Shouldn't Be Surprised By Major Drilling Group International Inc.'s (TSE:MDI) 25% Share Price Surge

Major Drilling Group International (TSE:MDI) Is Doing The Right Things To Multiply Its Share Price

Apr 05
Major Drilling Group International (TSE:MDI) Is Doing The Right Things To Multiply Its Share Price
User avatar

Expansion Into Latin America Will Position The Company To Capitalize On Growing Demand For Specialized Drilling

The Explomin acquisition and increased exploration budgets position Major Drilling for revenue growth through expanded market presence and drilling activity.

Major Drilling Group International Inc. (TSE:MDI) Shares Fly 25% But Investors Aren't Buying For Growth

Dec 20
Major Drilling Group International Inc. (TSE:MDI) Shares Fly 25% But Investors Aren't Buying For Growth

If EPS Growth Is Important To You, Major Drilling Group International (TSE:MDI) Presents An Opportunity

May 30
If EPS Growth Is Important To You, Major Drilling Group International (TSE:MDI) Presents An Opportunity

Returns On Capital Are A Standout For Major Drilling Group International (TSE:MDI)

Apr 04
Returns On Capital Are A Standout For Major Drilling Group International (TSE:MDI)

Major Drilling Group International Inc. (TSE:MDI) Shares Could Be 42% Below Their Intrinsic Value Estimate

Mar 03
Major Drilling Group International Inc. (TSE:MDI) Shares Could Be 42% Below Their Intrinsic Value Estimate

Why We Like The Returns At Major Drilling Group International (TSE:MDI)

Dec 04
Why We Like The Returns At Major Drilling Group International (TSE:MDI)

These 4 Measures Indicate That Major Drilling Group International (TSE:MDI) Is Using Debt Safely

Oct 13
These 4 Measures Indicate That Major Drilling Group International (TSE:MDI) Is Using Debt Safely

With A 28% Price Drop For Major Drilling Group International Inc. (TSE:MDI) You'll Still Get What You Pay For

Jul 15
With A 28% Price Drop For Major Drilling Group International Inc. (TSE:MDI) You'll Still Get What You Pay For

Is Now The Time To Put Major Drilling Group International (TSE:MDI) On Your Watchlist?

Jun 23
Is Now The Time To Put Major Drilling Group International (TSE:MDI) On Your Watchlist?

Major Drilling Group International's (TSE:MDI) Returns On Capital Are Heading Higher

Jun 09
Major Drilling Group International's (TSE:MDI) Returns On Capital Are Heading Higher

Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?

Apr 19
Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?

Returns At Major Drilling Group International (TSE:MDI) Are On The Way Up

Mar 04
Returns At Major Drilling Group International (TSE:MDI) Are On The Way Up

Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?

Dec 04
Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?

CEO Compensation Analysis

How has Denis Larocque's remuneration changed compared to Major Drilling Group International's earnings?
DateTotal CompensationSalaryCompany Earnings
Jul 31 2025n/an/a

CA$20m

Apr 30 2025CA$2mCA$507k

CA$26m

Jan 31 2025n/an/a

CA$35m

Oct 31 2024n/an/a

CA$42m

Jul 31 2024n/an/a

CA$47m

Apr 30 2024CA$2mCA$490k

CA$53m

Jan 31 2024n/an/a

CA$64m

Oct 31 2023n/an/a

CA$73m

Jul 31 2023n/an/a

CA$72m

Apr 30 2023CA$2mCA$446k

CA$75m

Jan 31 2023n/an/a

CA$77m

Oct 31 2022n/an/a

CA$76m

Jul 31 2022n/an/a

CA$67m

Apr 30 2022CA$2mCA$433k

CA$53m

Jan 31 2022n/an/a

CA$33m

Oct 31 2021n/an/a

CA$26m

Jul 31 2021n/an/a

CA$19m

Apr 30 2021CA$1mCA$412k

CA$10m

Jan 31 2021n/an/a

-CA$67m

Oct 31 2020n/an/a

-CA$75m

Jul 31 2020n/an/a

-CA$75m

Apr 30 2020CA$915kCA$400k

-CA$71m

Jan 31 2020n/an/a

CA$388k

Oct 31 2019n/an/a

-CA$6m

Jul 31 2019n/an/a

-CA$10m

Apr 30 2019CA$910kCA$382k

-CA$18m

Compensation vs Market: Denis's total compensation ($USD1.24M) is about average for companies of similar size in the Canadian market ($USD1.61M).

Compensation vs Earnings: Denis's compensation has been consistent with company performance over the past year.

CEO

Denis Larocque (55 yo)

10.1yrs
Tenure
CA$1,730,335
Compensation

Mr. Denis Larocque has been President and Chief Executive Officer of Major Drilling Group International Inc. since September 11, 2015. Mr. Larocque joined Major Drilling Group International Inc. in 1994 an...

Leadership Team

NamePositionTenureCompensationOwnership
Denis Larocque
President10.1yrsCA$1.73m0.11%
CA$ 1.0m
Ian Ross
Chief Financial Officer6.6yrsCA$801.73k0.0089%
CA$ 86.2k
Ashley Martin
Chief Operating Officerless than a yearCA$817.24k0.0070%
CA$ 68.2k
Ben Graham
Vice President of Human Resources & Safety9.9yrsCA$747.62k0.012%
CA$ 118.2k
Marc Landry
Chief Technology Officer6.8yrsno data0.012%
CA$ 119.0k
Andrew McLaughlin
VP of Legal Affairs9.9yrsno data0.0093%
CA$ 90.0k
Chantal Melanson
Executive Assistantno datano datano data
Barry Zerbin
Vice President of Canadian Operations2.8yrsno data0.029%
CA$ 281.6k
Kevin Slemko
Vice President of US Operationsno datano datano data
6.8yrs
Average Tenure

Experienced Management: MDI's management team is seasoned and experienced (6.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Denis Larocque
President10.1yrsCA$1.73m0.11%
CA$ 1.0m
Sybil Veenman
Independent Director5.8yrsCA$222.88k0.018%
CA$ 177.3k
Louis-Pierre Gignac
Independent Director7.1yrsCA$197.88k0.033%
CA$ 319.1k
Jo Zurel
Independent Director18.8yrsCA$212.88k0.032%
CA$ 314.4k
Janice Rennie
Independent Director15.1yrsCA$202.88k0.022%
CA$ 215.2k
Juliana Lam
Independent Director5.1yrsCA$187.88k0.0061%
CA$ 59.1k
Caroline Donally
Independent Director2.5yrsCA$189.47kno data
Kimberly Keating
Independent Chair6.1yrsCA$296.88k0.018%
CA$ 176.2k
6.6yrs
Average Tenure
61yo
Average Age

Experienced Board: MDI's board of directors are considered experienced (6.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/06 05:19
End of Day Share Price 2025/10/03 00:00
Earnings2025/07/31
Annual Earnings2025/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Major Drilling Group International Inc. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Donangelo VolpeBeacon Securities Limited
Cosmos ChiuCIBC Capital Markets
Stephen KammermayerClarus Securities Inc.