Calibre Mining: Strong Production Growth Ahead with Acquisition of Marathon Gold

The company exceeded the upper end of its production forecast for 2023 and is now targeting 275,000 to 300,000 ounces for 2024. The acquisition of Marathon Gold with its Valentine gold mine creates a high-growth, mid-tier gold producer with positive cash flow in the Americas. Construction of the Valentine Gold Mine remains on schedule and the mine will diversify the company's asset base. Production is scheduled to start in 2025 and will make a significant contribution to the overall result. We are positive for the company and the share.

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