Precious metals equity analysts at National Bank... expect to see improving production and lower cash costs in third-quarter financial reports across the sector “as inflationary pressures have been noted to be easing.”
Don DeMarco has reduced his Calibre Mining target by 10 per cent to $3.60 from $4 with an “outperform” rating.
But, regarding CXB, DeMarco indicates that... “Valentine mine development is in the homestretch with first pour approaching in ~Q2/25. De-risking is advanced, with capex normalized. A site visit showed well and he contends that the company is led by a strong management team with a track record of success.
The NB team highlights visibility for a valuation re-rate to reflect increased production in a Tier 1 jurisdiction.”
Hang tight folks... the best is yet to come!