Welcome to our dedicated page for Calibre Mng news (Ticker: CXBMF), a resource for investors and traders seeking the latest updates and insights on Calibre Mng stock.
News for Calibre Mining Corp. (OTCQX: CXBMF; TSX: CXB) now largely reflects its transition from a standalone mid-tier gold producer to part of Equinox Gold Corp. This page aggregates historical and transaction-related news releases that document Calibre’s operations as a Canadian-listed, Americas focused gold producer and the subsequent court-approved business combination with Equinox Gold.
Readers can review announcements describing Calibre’s financial and operating results, including quarterly production updates and commentary on its portfolio of gold assets across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. Company news has also highlighted progress at the Valentine Gold Mine in Newfoundland & Labrador, which Calibre characterized as a long-life, low-cost cornerstone asset with significant exploration potential.
In addition to operational updates, this news feed includes detailed coverage of the arrangement between Calibre and Equinox Gold. Releases outline the terms of the arrangement agreement, securityholder approvals, court orders, and the final closing of the transaction announced on June 17, 2025, when Equinox Gold acquired all issued and outstanding Calibre shares. These items explain the strategic rationale for combining the two companies, including the creation of an Americas-focused diversified gold producer anchored by the Greenstone and Valentine gold mines in Canada.
For investors and researchers, the Calibre news archive provides context on how the company evolved, how its asset base contributed to the formation of a larger Equinox Gold platform, and how the CXBMF ticker transitioned from representing an independent mid-tier gold producer to a historical symbol following completion of the business combination.
Calibre Mining (CXBMF) has released its fifth annual Sustainability Report for 2024, showcasing strong operational and sustainability performance. The company generated US$586 million in revenue and achieved a 60% increase in share price. Key highlights include producing 164,355 trees for reforestation, distributing US$897 million in economic value, and maintaining a 95% national workforce. The company reported zero fatalities and a 22% reduction in Lost Time Injury Rate to 0.21.
Environmental initiatives included preventing 7.42 tonnes of mercury use through the ASM Ore Purchase Program. The company invested US$4.19 million in community development projects. Calibre's ESG performance improved with an MSCI ESG rating upgrade to "A" and a Sustainalytics score of 29.0. The company is advancing the Valentine Gold Mine construction, with first gold production expected in Q3 2025, and announced a merger with Equinox Gold.
Equinox Gold (EQX) and Calibre Mining have amended their arrangement agreement for their proposed business combination announced on February 23, 2025. Under the new terms, Calibre shareholders will receive 0.35 Equinox Gold common shares for each Calibre share, representing a 10% premium to Calibre's closing price on February 21, 2025.
Upon completion, existing Equinox Gold and former Calibre shareholders will own approximately 61% and 39% of the combined company, respectively. The combination aims to create a major gold producer with potential production of over 1.2 million ounces annually, focused on mining-friendly jurisdictions in the Americas.
Both companies have adjourned their shareholder meetings to May 1, 2025. Preliminary assessment shows overwhelming approval with almost 70% of Equinox Gold shares voted in favor. An additional large Calibre shareholder holding 2.23% has entered into a voting support agreement.
Calibre Mining Corp. (CXBMF) is approaching a important vote for its proposed business combination with Equinox Gold Corp. The special meeting is scheduled for April 24, 2025, with a voting deadline of April 22, 2025. Leading proxy advisory firm ISS has recommended shareholders vote FOR the arrangement, citing significant strategic benefits.
The merger would create the second-largest gold producer in Canada, with potential production of over 1.2 million ounces annually from mines across five countries. The combined entity would be led by Greg Smith as CEO and Darren Hall as President and COO, with a board comprising six Equinox and four Calibre directors.
Key benefits include:
- Substantial free cash flow from increased production
- Two new long-life mines expected to produce 590,000 ounces annually
- Enhanced market re-rating potential
- Significant operational synergies
Calibre Mining (CXBMF) reported strong Q1 2025 performance with 71,539 ounces of gold production, including 64,469 ounces from Nicaragua and 7,070 ounces from Nevada operations. The company maintains a robust financial position with $214.5 million in cash as of March 31, 2025.
The company's Valentine Gold Mine development in Newfoundland & Labrador is progressing, with first ore processing now expected in early Q3. The facility will have a nameplate capacity of 2.5 million tonnes, targeting approximately 200,000 ounces of annual gold production. A slight delay in processing reflects scope growth in electrical cabling and contractor performance.
Notably, Calibre announced a merger with Equinox Gold, forming a leading Americas-focused gold producer. The combined entity will become Canada's second-largest gold producer, with potential to exceed 1.2 million ounces of annual production when Greenstone and Valentine operate at full capacity.
Calibre Mining (CXBMF) announces key developments in its business combination with Equinox Gold. The company has filed and begun mailing meeting materials for a special meeting scheduled for April 24, 2025, where securityholders will vote on the arrangement. Under the terms, each Calibre share will be exchanged for 0.31 Equinox shares, with existing Equinox and former Calibre shareholders owning 63% and 37% of the combined company, respectively.
The merger aims to create a major diversified gold producer in the Americas with potential for over 1.2 million ounces of annual gold production across five countries. The combined entity will become Canada's second-largest gold producer, with Greenstone and Valentine Gold mines expected to produce 590,000 ounces annually when at capacity. The Supreme Court of British Columbia has issued an interim order authorizing the meeting, and the transaction is anticipated to close by the end of Q2 2025.
Calibre Mining (TSX: CXB; OTCQX: CXBMF) has successfully completed a private placement of US$75 million in unsecured convertible notes. The notes carry an interest rate of 5.5% per annum. This financing arrangement follows a joint announcement with Equinox Gold Corp. made on February 23, 2025.