Calibre Mining (TSE:CXB) has released an update.
Calibre Mining Corp. has partnered with Reliable Controls Corporation to oversee the final stages before operations begin at its Valentine Gold Mine, and has also negotiated a US$60 million gold prepayment agreement with Asahi Refining USA Inc. This strategic move, involving less than 10% of Calibre’s estimated gold production for 2024, aligns with the company’s cash flow management as they gear up to become a mid-tier gold producer. The prepayment will be fulfilled with monthly gold deliveries starting May 2024, enhancing Calibre’s financial flexibility during the transition to full-scale production.
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