Calibre Mining's Valentine Gold Mine is 73% complete

Tue July 09 2024

Calibre Mining (TSX: CXB) announced today that its Valentine Gold Mine is 73% complete.  First gold pour is scheduled for Q2 2025. The Valentine Gold Mine is in the Central Region of Newfoundland and Labrador. 

A December 2022 feasibility study outlined an open pit mining and conventional milling operation over a 14.3 year mine life with a 22% after-tax rate of return and an average gold production profile of 195,000 ounces of gold per year for the first 12 years. 

Source: https://www.kitco.com/