RE:Analyst UpdateThe Globe and Mail reports in its Friday, March 1, edition that National Bank Financial analyst Don DeMarco rates Calibre Mining "sector perform" in new coverage.
The Globe's David Leeder writes in the Eye On Equities column that Mr. DeMarco set a share target of $2. Analysts on average target the shares at $2.44. Mr. DeMarco says in a note: "Calibre Mining is a Vancouver-based, Americas-focused, mid-tier gold producer with three operating mines, a fourth mine under construction and a pipeline of development projects. El Limon and La Libertad mines in Nicaragua provide the current operating centre of mass, while the Pan Mine, Nevada, is effectively a cash flowing exploration property and the Valentine project, Newfoundland added via the acquisition of Marathon Gold, which closed in January, is under development, with first pour in H1/25 boosting production to 500k ounces per year.
Led by Darren Hall (CEO), Blayne Johnson (chairman) and Douglas Forster (lead director) with a track record for adding value to shareholders, founding, operating and selling Newmarket Gold and transforming Calibre Mining into the largest miner in Nicaragua, marked by a turnaround when both mines were trending toward closure."