Calibre Mining : Equinox Gold and Calibre Mining Combine to Create a Major Americas Gold Producer
CXB.TO
Published on 05/05/2025 at 22:03
May 2025
TSX: CXB OTCQX: CXBMF
Track Record
Tier 1 Location
Cash Flow Growth
Share Price Upside
Growth Pipeline
Financial Strength
1. Based on analyst consensus estimates at April 30, 2025. 3
Key Drivers
NEW EQUINOX
Tier-1 Jurisdictions
91% of 2025E production
90% of consensus NAV
78% of 2025E production
89% of consensus NAV
52% of 2026E production
62% of consensus NAV
Substantial Long-Life Assets
64% of production from 3 mines
20-yr+ average mine life
78% of production from 2 mines
20-yr average mine life
61% of production from 3 mines
13-yr average mine life
Operational Track Record - No
Surprises
Avg 25E-27E FCF > $900M
Robust Free Cash Flow1
• Avg 25E-27E FCF > $2.5B • Avg 25E-27E FCF > $500M
Commitment to Shareholder Returns
Dividends since 1983
NCIB in place
Dividends since 2010
NCIB in place
Financial strength to institute dividend
Clear Pipeline for Long-Term Value Creation
EV / 25E-27E Production1
$17,416/oz
$17,881/oz
$4,965/oz
P / NAV1
1.81x
1.41x
0.71x
4
Source: Refinitiv, available analyst consensus estimates, company filings. Data provided as at April 23, 2025
1. Based on available analyst consensus estimates
$59.7
$17.8
$11.9
$9.4 $5.5
$17,881 $17,416
$9,337
$7,951
$4,965
1.81x
1.41x
1.20x 1.17x
0.71x
Agnico Kinross Alamos Pan
American
New Equinox
Alamos Agnico Kinross Pan
American
New
Equinox
Agnico Alamos Kinross Pan
American
New
Equinox
3,418
$4,644
Reserves M&I Resources (excl.)
2,004
1,333 1,173
659
$2,425
$1,516
23.3
22.1
22.8
25.9
53.5
44.0
34.8
$1,132 $1,094
6.6
15.1
14.0
Agnico Kinross New
Equinox1
Pan
American2
Alamos
Agnico Kinross New
Equinox
Pan
American
Alamos
Agnico Pan American
Kinross New Equinox
Alamos
5
Source: Refinitiv, available analyst consensus estimates, company filings. Data provided as at April 23, 2025
1. Analyst consensus estimates include production from Los Filos, whereas Equinox has not provided 2025 guidance for Los Filos and has indefinitely suspended operations. 2. Gold equivalent production.
Disclaimer
Calibre Mining Corp. published this content on May 05, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2025 at 01:53 UTC.