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Calibre Mining ( (TSE:CXB) ) has provided an update.
Calibre Mining, operating in the gold mining industry, has reported significant results from its ore control drilling at the Leprechaun open pit within the Valentine Gold Mine in Newfoundland and Labrador, Canada. The drilling, covering 21,500 meters, has revealed 30% more contained gold compared to the 2022 Mineral Reserve model, with a 29% increase in ore tonnes and a 1% higher grade. This development enhances the confidence in the resource estimates, potentially leading to increased metal production and extended mine life, with Valentine construction progressing well and first gold production expected in Q2 2025.
More about Calibre Mining
YTD Price Performance: 17.94%
Average Trading Volume: 1,973,994
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.19B
See more data about CXB stock on TipRanks’ Stock Analysis page.
