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Highlights

  • Calibre Mining reported a gold production of 73,485 ounces for Q3 2023.
  • The company clocked a revenue of USD 143.8 million in the reporting period, 6% higher as compared to USD 86.3 million in Q3 2022.
  • CXB’s operating income and net income grew 298.9% and 1,276.5%, respectively, in the reporting period.

Multi-asset gold producer Calibre Mining Corp (TSX: CXB) hosts a portfolio of exploration and development opportunities in Nicaragua. The company’s projects include Pavon Gold Project, IamGold, Santa Rita, and Borosi Gold Project.

At the end of Q3 2023, the company reported a gold production of 73,485 ounces for the quarter. This marked 50% growth over 49,081 ounces produced in Q3 2022. Notably, CXB achieved its full-year production guidance of 250,000 – 275,000 ounces in 2023.

The company clocked a revenue of USD 143.8 million in the reporting period, 66.6% higher as compared to USD 86.3 million in Q3 2022. CXB’s operating income and net income also witnessed a massive growth of 298.9% and 1,276.5%, respectively, in the reporting period. Its cash flow from operating activities was recorded at USD 54.2 million, against USD 7.1 million in Q3 2022. This growth was possible mainly because of higher ounces of gold sold in Q3 2023.

Overall, Calibre Mining Corp secured a net income of USD 23.4 million in the third quarter of 2023.

Calibre Mining Corp posted improved financial performance as well as higher gold production in Q3 2023, versus the prior corresponding period of Q3 2022. Also, the firm secured increase in sales volume numbers for the reporting period.  

Top 10 Shareholders

Approximately 42.31% of the total shareholding is held by its top 10 stakeholders. While B2Gold Corporation owns a maximum stake of ­­­24.18%, Invesco Advisers, Inc. is the second biggest shareholder with around 4.53% stakes.

Stock Price Performance

CXB’s stock price declined by 11.02% in the last one month. It has dropped by over 19.33% in the last three months. The stock’s 52-week high and low price stand at CAD 1.78 and CAD 0.725, respectively.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is November 14, 2023. The reference data in this report has been partly sourced from EODHD/Others.