Mining Stock Daily Calibre Mining Provides Insights into Q1 Performance and Update on the Equinox Merger
May 15, 2025
Ryan King, an expert from Calibre Mining, shares insights on the company’s strong Q1 performance, highlighting their production of over 70,000 ounces and progress at the Valentine Gold Project. He reveals operational challenges and the importance of leadership in rebuilding trust and navigating setbacks. The conversation dives into the strategic implications of the merger with Equinox, emphasizing growth opportunities and the favorable market conditions for gold, ensuring a positive outlook for shareholders.
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Strong Q1 Performance and Guidance
- Calibre Mining started the year strong with over 70,000 ounces produced in Q1 and lower-than-guided all-in sustaining costs.
- Their first quarter financials indicate potential to meet or exceed full-year production guidance with solid margins.
Valentine Project Delay and Progress
- Valentine Gold Project faces delays and higher costs but commissioning has started with ore going through the crusher.
- The team expects a smooth ramp-up to full capacity by late 2025 or early 2026 despite the setbacks.
Prioritize Responsible Ramp-Up
- The focus is on a safe, responsible, and steady ramp-up to commercial production at Valentine.
- Taking a conservative approach helps ensure operational readiness and stakeholder expectations are met.