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Calibre Reports 2024 Financial Results; 2025 Set to be a Transformational Year as the Multi-Million Ounce Valentine Gold Mine, Canada Advances to First Gold During Q2, 2025
VANCOUVER, British Columbia, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB...
About this update from Equinox Gold Corp.
[{"type":"text","content":"Calibre Reports 2024 Financial Results; 2025 Set to be a Transformational Year as the Multi-Million Ounce Valentine Gold Mine, Canada Advances to First Gold During Q2, 2025\n\n\n\n VANCOUVER, British Columbia, Feb. 19, 2025 (GLOBE NEWSWIRE) --\n \n Calibre Mining Corp.\n \n (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) announces financial and operating results for the three months (“Q4”) and full year ended December 31, 2024 (“FY 2024”). Consolidated Q4 and FY 2024 filings can be found at\n \n\n www.sedarplus.ca\n \n\n and on the Company’s website at\n \n\n www.calibremining.com\n \n .\n \n\n All figures are expressed in U.S. dollars unless otherwise stated\n \n .\n \n\n\n Darren Hall, President and Chief Executive Officer of Calibre, stated\n \n : “Calibre delivered a record Q4 consolidated gold production of 76,269 ounces, and full year 2024 production of 242,487 ounces, surpassing the revised 2024 annual production guidance. As of February 15, 2025, the year is off to a strong start with consolidated production trending 15% higher than budget and cash increased to $161 million, a 23% increase over December 31, 2024.\n \n\n 2025 is set to be a transformative year for Calibre, with the Valentine Gold Mine on track for first gold during the second quarter. We hired a high quality, experienced operating team through 2024 and are working with Reliable Controls Corporation to conduct pre-commissioning and commissioning to ensure operational readiness. In addition, all necessary equipment and resources for timely production are on site. Based on the 2022 Feasibility Study*, Valentine’s life-of-mine average production is expected to be approximately 195,000 ounces per year, with the process plant expected to reach 2.5 Mpta by the end of 2025.\n \n\n The exploration potential at Valentine is incredibly exciting. We have seen continued success since the discovery made southwest of the Leprechaun deposit in late 2024 with initial drill results returning grades more than 40% above Mineral Reserve grade. As we progress during 2025, we are preparing for the largest pure exploration program in Valentine’s history. With tens of kilometres of the Valentine Lake Shear Zone and the Parallel Northwest Contact still untested, we remain optimistic about the...