RE:59.6 million more shares today is concerning
It increases the outstanding shares by 1.15% but puts $115,000,000 in the coffers.
Calibre has a track record of putting capital to work and producing results.
Prior to the closing of Marathon, at 31 Dec '23, Calibre had 557,217,000 shares outstanding and issued 249,800,000 shares to Marathon shareholders for a 44.8 % increase in shares for Marathon that is slated to produce 195,000 ounces an increase of 68.9% over Calibre's 2023 production of 282,525 ounces.
44.8% increase in shares for a 68.9% increase in production look pretty good.
With an extra $115,000,000 capital that will in all likely hood go to increasing production and the gold price hitting all time record highs Calibre's timing on Marathon and the $115,000,000 was perfect.