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Calibre Mining Future Growth

Future criteria checks 1/6

Calibre Mining is forecast to grow revenue at 15.4% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Metals and Mining earnings growth	18.6%
Revenue growth rate	15.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	05 Jun 2025

Recent future growth updates

Recent updates

New Narrative • Feb 15

Completion Of Valentine Gold Mine Will Position Company As Mid-Tier Producer By Q2 2025

Improved ore tonnes in Nicaragua and Valentine Gold Mine completion are expected to significantly boost future revenue and earnings.

Analysis Article • Feb 06

The Market Lifts Calibre Mining Corp. (TSE:CXB) Shares 29% But It Can Do More

The Calibre Mining Corp. ( TSE:CXB ) share price has done very well over the last month, posting an excellent gain of...

Analysis Article • Nov 08

Calibre Mining Corp. (TSE:CXB) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Last week, you might have seen that Calibre Mining Corp. ( TSE:CXB ) released its quarterly result to the market. The...

Analysis Article • Oct 24

Analyst Forecasts Just Became More Bearish On Calibre Mining Corp. (TSE:CXB)

Today is shaping up negative for Calibre Mining Corp. ( TSE:CXB ) shareholders, with the analysts delivering a...

Analysis Article • Oct 12

Why Investors Shouldn't Be Surprised By Calibre Mining Corp.'s (TSE:CXB) 27% Share Price Surge

Despite an already strong run, Calibre Mining Corp. ( TSE:CXB ) shares have been powering on, with a gain of 27% in the...

Analysis Article • Aug 15

Calibre Mining Corp. (TSE:CXB) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a good week for Calibre Mining Corp. ( TSE:CXB ) shareholders, because the company has just released its...

Analysis Article • Aug 07

Calibre Mining Corp.'s (TSE:CXB) Shareholders Might Be Looking For Exit

With a price-to-earnings (or "P/E") ratio of 17.4x Calibre Mining Corp. ( TSE:CXB ) may be sending bearish signals at...

Analysis Article • Jun 05

Shareholders May Not Be So Generous With Calibre Mining Corp.'s (TSE:CXB) CEO Compensation And Here's Why

Key Insights Calibre Mining's Annual General Meeting to take place on 12th of June Total pay for CEO Darren Hall...

Analysis Article • Mar 26

Calibre Mining (TSE:CXB) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Analysis Article • Feb 24

Earnings Miss: Calibre Mining Corp. Missed EPS By 12% And Analysts Are Revising Their Forecasts

Calibre Mining Corp. ( TSE:CXB ) last week reported its latest full-year results, which makes it a good time for...

Analysis Article • Feb 18

There's No Escaping Calibre Mining Corp.'s (TSE:CXB) Muted Earnings Despite A 26% Share Price Rise

Calibre Mining Corp. ( TSE:CXB ) shareholders would be excited to see that the share price has had a great month...

Analysis Article • Dec 23

Calibre Mining (TSE:CXB) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Earnings and Revenue Growth Forecasts

TSX:CXB - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	921	N/A	388	418	1
12/31/2026	1,438	N/A	469	648	1
12/31/2025	985	374	-59	349	2
3/31/2025	657	61	-246	189	N/A
12/31/2024	586	35	-228	181	N/A
9/30/2024	534	30	-190	149	N/A
6/30/2024	565	53	-66	221	N/A
3/31/2024	567	65	0	220	N/A
12/31/2023	562	85	43	201	N/A
9/30/2023	519	88	20	169	N/A
6/30/2023	461	66	-32	122	N/A
3/31/2023	435	48	-41	105	N/A
12/31/2022	409	43	-50	97	N/A
9/30/2022	388	43	-35	91	N/A
6/30/2022	381	57	6	112	N/A
3/31/2022	347	53	3	98	N/A
12/31/2021	328	58	19	106	N/A
9/30/2021	320	67	26	112	N/A
6/30/2021	326	85	52	129	N/A
3/31/2021	263	67	28	86	N/A
12/31/2020	243	63	35	81	N/A
9/30/2020	221	43	31	73	N/A
6/30/2020	135	9	0	27	N/A
3/31/2020	119	14	18	40	N/A
12/31/2019	58	1	6	19	N/A
9/30/2019	N/A	-2	-3	-2	N/A
6/30/2019	N/A	-1	-3	-1	N/A
3/31/2019	N/A	-1	-3	-1	N/A
12/31/2018	N/A	-1	N/A	-1	N/A
9/30/2018	N/A	-1	N/A	-1	N/A
6/30/2018	N/A	-1	N/A	-1	N/A
3/31/2018	N/A	-1	N/A	-1	N/A
12/31/2017	N/A	-1	N/A	-1	N/A
9/30/2017	N/A	-1	N/A	-1	N/A
6/30/2017	N/A	-1	N/A	0	N/A
3/31/2017	N/A	-1	N/A	0	N/A
12/31/2016	N/A	-1	N/A	0	N/A
9/30/2016	N/A	-1	N/A	0	N/A
6/30/2016	N/A	-1	N/A	0	N/A
3/31/2016	N/A	-1	N/A	0	N/A
12/31/2015	N/A	-1	N/A	0	N/A
9/30/2015	N/A	-1	N/A	-1	N/A
6/30/2015	N/A	-1	N/A	0	N/A
3/31/2015	N/A	-1	N/A	0	N/A
12/31/2014	N/A	-1	N/A	0	N/A
9/30/2014	N/A	0	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CXB's forecast earnings growth is above the savings rate (2.5%).

Earnings vs Market: Insufficient data to determine if CXB's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if CXB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CXB's revenue (15.4% per year) is forecast to grow faster than the Canadian market (3.9% per year).

High Growth Revenue: CXB's revenue (15.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CXB's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/18 05:14
End of Day Share Price	2025/06/18 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Calibre Mining Corp. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nicolas Dion	ATB Cormark Historical (Cormark Securities)
Kerry Smith	Haywood Securities Inc.
Geordie Mark	Haywood Securities Inc.

This company listing is no longer active

Calibre Mining Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 9.8% to CA$4.31

Price target increased by 11% to CA$4.15

Price target increased by 11% to CA$3.92

Consensus EPS estimates increase by 58%, revenue downgraded

Consensus EPS estimates increase by 47%

Calibre Mining Corp. Provides Consolidated Production/Sales Guidance for the Full Year 2025

Recent updates

Equinox Gold Corp. (TSX:EQX) completed the acquisition of Calibre Mining Corp. (TSX:CXB).

First quarter 2025 earnings released: EPS: US$0.027 (vs US$0.006 loss in 1Q 2024)

Price target increased by 9.8% to CA$4.31

Price target increased by 11% to CA$4.15

Price target increased by 11% to CA$3.92

Calibre Mining Corp. Provides Valentine Gold Mine Update

Investor sentiment deteriorates as stock falls 17%

Calibre Mining Corp. announced that it has received $75 million in funding

Consensus EPS estimates increase by 58%, revenue downgraded

Consensus EPS estimates increase by 47%

Equinox Gold Corp. (TSX:EQX) entered into an agreement to acquire Calibre Mining Corp. (TSX:CXB) for $1.8 billion.

Full year 2024 earnings: EPS misses analyst expectations

Completion Of Valentine Gold Mine Will Position Company As Mid-Tier Producer By Q2 2025

Calibre Mining Corp. Announces Additional Discovery Diamond Drill Results from Its Expanded 100,000 Metre Drill Program at the Valentine Gold Mine Located in Newfoundland & Labrador, Canada

Calibre Announces Additional Ore Control Reverse Circulation Drill Results from Its Leprechaun Open Pit At Valentine Gold Mine in Newfoundland and Labrador, Canada

The Market Lifts Calibre Mining Corp. (TSE:CXB) Shares 29% But It Can Do More

Calibre Mining Corp. Pours Its 1 Millionth Ounce of Gold in Nicaragua and Declares an Initial Mineral Resource at Talavera Located 3 Kilometres from the Limon Mill

Calibre Mining Corp. Provides Consolidated Production/Sales Guidance for the Full Year 2025

Calibre Mining Corp. (TSE:CXB) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Third quarter 2024 earnings released: EPS: US$0.001 (vs US$0.051 in 3Q 2023)

Price target increased by 7.6% to CA$3.73

Analyst Forecasts Just Became More Bearish On Calibre Mining Corp. (TSE:CXB)

Consensus EPS estimates fall by 14%

Calibre Mining Corp. Updates Consolidated Production Guidance for the Full Year 2024

Why Investors Shouldn't Be Surprised By Calibre Mining Corp.'s (TSE:CXB) 27% Share Price Surge

Price target increased by 8.3% to CA$3.36

Calibre Mining Corp. Announces the Appointment of David Schummer as Senior Vice President and Chief Operating Officer

Investor sentiment improves as stock rises 16%

Calibre Mining Corp Announces Drill Results from the 2024 Exploration Program Within the Limon Mine Complex, in Nicaragua

Calibre Mining Corp. Announces Partial Ore Control Reverse Circulation Infill Drill Results from the Marathon Pit

Calibre Mining Corp. Announces Additional, Near Surface, Resource Expansion Drill Results from Its Exploration Programs At the Pan Heap Leach Gold Mine

Calibre Mining Corp. Continues to Intercept High-Grade Gold Mineralization At Its Eastern Borosi Mine Complex

Calibre Mining Corp. (TSE:CXB) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Second quarter 2024 earnings released: EPS: US$0.027 (vs US$0.073 in 2Q 2023)

Calibre Mining Corp.'s (TSE:CXB) Shareholders Might Be Looking For Exit

Consensus EPS estimates increase by 24%

Calibre Mining Corp. Appoints Sian Tasaka to the Board of Directors

Calibre Mining Corp. to Commence an Expanded 100,000 Metre Resource Expansion and Discovery Drill Program Across Its Flagship Valentine Gold Mine Property

Calibre Mining Corp. to Report Q2, 2024 Results on Aug 12, 2024

Calibre Mining Corp. Receives Environmental Approval for Development and Operation of the Volcan Gold Deposit located in the Libertad Mine Complex

High number of new directors

Calibre Mining Corp. Appoints Paula Caldwell St-Onge to the Board of Directors

Calibre Mining Corp. Appoints Daniella Dimitrov as Chief Financial Officer, Effective June 25, 2024

Calibre Mining Corp. Approves Appointment of Omaya Elguindi as Director

Calibre Continues to Discover Additional Gold Mineralization At the Valentine Gold Mine Demonstrating Upside Potential

Shareholders May Not Be So Generous With Calibre Mining Corp.'s (TSE:CXB) CEO Compensation And Here's Why

Price target increased by 7.5% to CA$2.81

Consensus EPS estimates fall by 37%, revenue upgraded

Calibre Mining Corp. Announces Resignation of David Splett as Chief Financial Officer, Effective July 31, 2024

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Insider selling

Price target increased by 10.0% to CA$2.62

Calibre Mining Corp. has completed a Follow-on Equity Offering in the amount of CAD 100.128 million.

Calibre Mining Corp. Announce Drill Results from its 2023 Resource Conversion and Expansion Program at its Eastern Borosi Mine Complex

Calibre Mining Corp. to Report Q1, 2024 Results on May 14, 2024

Investor sentiment improves as stock rises 19%

Calibre Mining Corp. Announces 2024 Exploration Program and Review of the Exploration Potential At the Valentine Gold Mine

Calibre Mining Corp., Annual General Meeting, Jun 12, 2024

Calibre Mining (TSE:CXB) Seems To Use Debt Quite Sensibly

Calibre Mining Corp. has filed a Follow-on Equity Offering in the amount of CAD 100.128 million.

Calibre Mining Corp. Announces Stepped Down of Matthew Manson as Director

Investor sentiment improves as stock rises 17%

Calibre Mining Corp. Announces Drill Results from Its 2023 Exploration and Infill Drill Program At the Volcan Gold Deposit

Company Secretary exercised options and sold CA$116k worth of stock

Price target decreased by 7.5% to CA$2.28

Earnings Miss: Calibre Mining Corp. Missed EPS By 12% And Analysts Are Revising Their Forecasts

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

There's No Escaping Calibre Mining Corp.'s (TSE:CXB) Muted Earnings Despite A 26% Share Price Rise