Foraco International Secures Over US$60 Million in Long-Term Drilling Contracts with Tier-One Gold Producers in the Southwestern United States

Executive Summary

• Foraco International secured two long‑term drilling contracts with Tier‑One gold producers in Nevada, valued at over US $60 million.
• The contracts cover surface coring, deep directional drilling and reverse‑circulation services across multiple projects, with operations already underway and ramp‑up through Q1 2026.
• Up to 10 drill rigs will be mobilized, reinforcing Foraco’s strategic expansion in the U.S. gold‑mining market.

Key Details

• Contract Value: > US $60 million for two separate long‑term drilling agreements with Tier‑One gold mining customers in Nevada.
• Scope of Work: Mine development and resource‑definition drilling, including surface coring, deep directional drilling, and reverse‑circulation services.
• Geographic Focus: Multiple projects throughout the state of Nevada, a leading gold‑mining jurisdiction.
• Operational Timeline: Programs have commenced; ramp‑up expected through the first quarter of 2026.
• Equipment Deployment: Up to 10 drill rigs will be mobilized to execute the contracted work.
• Strategic Alignment: Contracts support Foraco’s goal to expand presence with well‑capitalized Tier‑One producers and strengthen its U.S. market position.

Notable Quotes

“These awards represent a major milestone for Foraco and are fully aligned with our strategy to expand our presence with Tier‑One gold miners and strengthen our position in the U.S. market,” – Tim Bremner, CEO, Foraco International.

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