Calibre Mining vs. Aris MiningCalibre Mining's stock has actually outperformed Aris this year. I did some digging and there are some interesting parallels. I'm not going into them here. Calibre and Aris both have the same production targets for 2026 at 500,000 ounces. Cash costs and AISC are comparable.
The real interesting part is valuation. Calibre (CXB.TO) has a market cap today of C$1.623 Billion. Aris (ARIS.TO) market cap is C$772 million. Aris' market cap is a little under half that of Calibre. Aris likely gets a Petro valuation reduction but not a 52% discount.