The earnings call presented a mixed outlook. While there is significant progress and future potential at the Valentine Gold Mine, current production challenges in Nicaragua and increased project costs weigh down overall performance.
Company Guidance
During the Q3 2024 earnings call for Calibre Mining, the company revised its full-year production guidance downward by approximately 18%, reflecting challenges faced in the Limon Norte open pit mine sequencing and unexpected historical artisanal mining impacts at Volcan. Despite these setbacks, the company expects consolidated Q4 production to range between 70,000 to 80,000 ounces, driven by increased output from Nicaragua. Capital expenditures for the Valentine Gold Mine are now projected at CAD 744 million, an increase of CAD 91 million due to productivity issues with a primary contractor and heightened costs in freight, logistics, and civil works. However, construction at Valentine is 81% complete, with first gold anticipated in Q2 2025. The company remains financially robust with CAD 300 million in cash, covering the CAD 197 million cost to complete the Valentine project, and continues to explore options to enhance its production profile.
Valentine Gold Mine Construction Progress
The construction at Valentine Gold Mine is 81% complete, with significant progress in tailings management, primary pressure installation, and CIL tankage construction. The project is on track for first gold in Q2 2025.
Strong Financial Position
Calibre Mining has approximately CAD 300 million in cash and is fully funded for the Valentine build, with CAD 197 million cost to complete.
Future Growth Potential
The Valentine Gold Mine offers a 5 million-ounce resource base with numerous exploration targets, and a 130,000 meter drill program is underway.
---
Calibre Mining (CXBMF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CXBMF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 18, 2024
$2.03
$1.94
-4.43%
Aug 12, 2024
$1.47
$1.47
0.00%
May 14, 2024
$1.59
$1.64
+3.14%
Feb 20, 2024
$1.12
$1.14
+1.60%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Calibre Mining Corp (CXBMF) report earnings?
Calibre Mining Corp (CXBMF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Calibre Mining Corp (CXBMF) earnings time?
Calibre Mining Corp (CXBMF) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.