Foraco International (FAR) Stock Price, News & Analysis

Foraco International SA, together with its subsidiaries, provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. It operates through two segments: Mining and Water. The company offers exploration, development, and production drilling services to the mining industry for energy transition, gold, and mineral exploitation; and various geological sampling and testing techniques, including chips and cores, stabilized holes for blasting, logging, boreholes to be used for injection of water or acid, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples. It also installs production pumps for dewatering purposes; and provides drift stabilization or water table protection for decommissioning of mineral production facilities. In addition, the company drills wells for drinking, irrigation, and industrial water; undertakes a range of projects, including village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods for the bottled water industry, and large diameter well fields for residential supply in urban environments; and offers inspection, servicing, and rehabilitation services for existing wells. In addition, the company offers drilling services for the environmental and construction industry, such as geological exploration and geotechnical drilling. It serves mining companies and official development assistance providers. Foraco International SA was founded in 1961 and is headquartered in Marseille, France.