asmilefoya
The Q1 Earnings Season for the Gold Juniors Index (GDXJ) is nearing its end and one of the most recent companies to report its results was Calibre Mining (OTCQX:CXBMF). Overall, the company had a decent start to the year given that production was flagged to be back-end weighted, and while the company saw significant free cash outflows, this was largely related to taking over a major construction project at Valentine in Newfoundland. That said, the fruits of this labor and significant capex will pay off massively in 2026, with a full year of production from Valentine, a high-margin ~200,000 ounce per annum gold asset in its peak years.
In my most recent update, I noted that 2024 would be a transformational year for Calibre as it worked on completing the bulk of construction on its new Canadian development project. Not only was this set to help Calibre grow to mid-tier producer status by 2026, but it would also help to…
