Calibre Mng Stock Price, News & Analysis

Calibre Mining (CXBMF) reported strong Q1 2025 results with consolidated gold production of 71,539 ounces and AISC of $1,389/oz. The company's Valentine Gold Mine in Newfoundland is advancing toward production, now expected by end of Q3 2025, though facing an $80M capital increase to C$854M due to delays and scope changes. The project remains fully funded with $203M cash on hand. The company is progressing with its merger with Equinox Gold, expected to close in Q2 2025. Q1 financial highlights include revenue of $200.0M at an average realized gold price of $2,796/oz. The company maintains its 2025 production guidance of 230,000-280,000 ounces. Valentine's construction is materially complete, with final electrical and instrumentation work ongoing. The project is strengthened by new leadership appointment and is expected to produce approximately 200,000 ounces annually once at full capacity in Q1 2026.

Calibre Mining Corp. (CXBMF) has received final approval from the Supreme Court of British Columbia for its planned arrangement with Equinox Gold Corp. Under the arrangement, Equinox Gold will acquire all outstanding Calibre shares, with Calibre shareholders receiving 0.35 Equinox Gold common shares for each Calibre share held. The transaction is expected to close by the end of Q2 2025, after which Calibre shares will be delisted from both the Toronto Stock Exchange and OTCQX. Following the delisting, Calibre plans to cease being a reporting issuer under Canadian securities laws.

Calibre Mining Corp shareholders have approved the business combination with Equinox Gold Corp in a significant vote at a special meeting. The arrangement received strong support with 75.28% approval from shareholders and 76.33% from securityholders voting as a single class. The transaction, which will result in Equinox Gold acquiring all outstanding Calibre shares, has already received Canadian competition and Toronto Stock Exchange approvals. The deal still requires final approval from the Supreme Court of British Columbia (hearing expected on May 6, 2025), Mexican competition authorization, and NYSE American approval. If all conditions are met, the business combination is anticipated to close by the end of Q2 2025.

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.

Equinox Gold (EQX) and Calibre Mining announced a merger to create New Equinox Gold, set to become Canada's second-largest gold producer. Under the agreement, Calibre shareholders will receive 0.31 Equinox shares for each Calibre share, with existing Equinox and Calibre shareholders owning 65% and 35% of the combined company respectively.

The merged entity will operate mines across five countries, anchored by two Canadian assets: the Greenstone Mine and Valentine Gold Mine, expected to collectively produce 590,000 ounces of gold annually at capacity. Total production is projected at 950,000 ounces in 2025, with potential to exceed 1.2 million ounces annually when both mines reach full capacity.

The transaction, valued at approximately C$7.7 billion in market capitalization, is expected to close in Q2 2025, subject to shareholder and regulatory approvals. Concurrent with the merger announcement, Calibre secured US$75 million in convertible notes from various investors including Equinox.