Calibre Mining Corp (TSX: CXB) (OTCQX: CXBMF) just added a new leader to its roster that will manage finances and other matters as the company prepares for production at Valentine and additional milestones.
Daniella Dimitrov will be stepping into her new role as Senior Vice President and Chief Financial Officer on Jun. 25. She has had an extensive career in finance and the mining industry spanning over 20 years.
“Her experience and reputation make her the right choice to lead our finance team and we look forward to her valuable contributions as we advance toward becoming a mid-tier gold producer,” chief executive Darren Hall said.
Prior to her upcoming role with Calibre, Dimitrov was CFO at IAMGOLD Corporation (TSX: IMG). She also served as an investment banking partner at Sprott Capital Partners LP and worked for Orvana Minerals (TSX: ORV), among other companies.
She recently attended Ontario’s Canadian Club Toronto and spoke in a discussion titled, “Revitalizing the Canadian Mining Ecosystem.” Dimitrov was joined by representatives from Agnico Eagle Mines Ltd (Ontario) (TSX: AEM), the Bank of Montreal (TSX: BMO) and Glencore PLC (LON: GLEN).
Thank you for joining us for a discussion with Ilan Bahar (BMO), Sean Boyd (Agnico Eagle Mines), Aline Cote (Glencore), and Daniella Dimitrov (Mining Executive), moderated expertly by Tim Kiladze (The Globe and Mail). Watch it here: https://t.co/afTJizJxnE pic.twitter.com/TENRLS3t1W
— Canadian Club Toronto (@CdnClubTO) March 7, 2024
Read more: Calibre Mining shareholders approve all matters at annual general meeting
Read more: Calibre Mining pulls promising high grades from Valentine Lake Sheer Zone
It’s a good time to invest in gold, here’s why
Calibre’s investor relations manager Ryan King recently pointed out that the United States has been accumulating a staggering US$1 trillion more debt every 100 days. This concerning financial trend has made tangible assets like gold more appealing to investors.
“That’s why people are now buying gold,” King said in a blog post last week. “Central banks around the world are selling dollars and buying gold because the macroeconomic environment is positive for gold.”
Calibre’s strong financial and operational performance have made it an appealing gold stock too. Investors who bought shares in 2019 have seen a return on their investment exceeding 158 per cent.
Moreover, Calibre surpassed its production guidance in 2023 with a record 283,494 ounces and will produce far more next year when production starts at the Valentine mine.
The aspiring mid-tier producer was selected for listing on the VanEck Vectors Gold Miners ETF (NYSE: GDX) in March.
Calibre Mining is a sponsor of Mugglehead news coverage
rowan@mugglehead.com
