Calibre Mining (TSE:CXB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$137.3m (down 1.4% from 2Q 2023).

• Net income: US$20.8m (down 38% from 2Q 2023).

• Profit margin: 15% (down from 24% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.

• EPS: US$0.027 (down from US$0.073 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Calibre Mining Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Calibre Mining (1 is a bit concerning!) that you should be aware of.

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