VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce that the Supreme Court of British Columbia has granted the final order in connection with the Company’s plan of arrangement (the “Arrangement”) with Equinox Gold Corp. (“Equinox Gold”), whereby Equinox Gold will, among other things, acquire all of the issued and outstanding Calibre shares. Pursuant to the Arrangement, Calibre shareholders will receiv ...

Shares of Equinox Gold (EQX) have gained 4.3% over the past four weeks to close the last trading session at $6.27, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $8.10 indicates a potential upside of 29.2%.The mean estimate comprises eight short-term price targets with a standard deviation of $1.39. While the lowest estimate of $6.66 indicates a 6.2% increase from the current p ...

Core Viewpoint - Equinox Gold shareholders have approved a business combination with Calibre Mining, which includes the issuance of shares and other corporate governance matters [2][3]. Shareholder Meeting Outcomes - All matters voted on at the annual and special meeting were approved, including the share issuance resolution for acquiring Calibre Mining [2]. - A total of 317,252,212 common shares were represented, accounting for 69.56% of the issued and outstanding shares [4]. Share Issuance Resolution - The resolution to approve the issuance of up to 296,838,303 common shares for the acquisition of Calibre received 248,106,211 votes in favor (85.87%) and 40,830,082 votes against (14.13%) [4]. Election of Directors - The election results for director nominees showed strong support, with Mr. Ross Beaty receiving 264,416,155 votes (91.51%) in favor, and other nominees also receiving over 90% support [5]. Appointment of Independent Auditor - KPMG LLP was re-appointed as the auditor for the ensuing year with 315,754,677 votes in favor (99.53%) [6]. Advisory Resolution on Executive Compensation - A non-binding advisory resolution approving the Company's approach to executive compensation received 282,318,906 votes in favor (97.71%) [7]. Transaction Timeline - Following the approval from both Equinox Gold and Calibre shareholders, Calibre will seek a final court order on May 6, 2025, to approve the transaction, which is expected to close by the end of Q2 2025 if all conditions are met [3].

Core Viewpoint - Calibre Mining Corp. has received approval from its shareholders and optionholders for a business combination with Equinox Gold Corp., which will involve Equinox acquiring all outstanding shares of Calibre [1][2]. Group 1: Approval Details - The Arrangement was approved by 75.28% of votes cast by shareholders present at the meeting [2] - A combined vote from shareholders and optionholders resulted in 76.33% approval [2] - Excluding certain votes, 74.87% of shareholders present voted in favor of the Arrangement [2] Group 2: Next Steps - Following the approval, Calibre will seek a final order from the Supreme Court of British Columbia on May 6, 2025 [3] - The completion of the Arrangement is contingent upon receiving necessary regulatory approvals and satisfying customary closing conditions [3] - If all conditions are met, the Arrangement is expected to close by the end of Q2 2025 [3] Group 3: Company Overview - Calibre Mining Corp. is a mid-tier gold producer focused on the Americas, with operations in Canada, the USA, and Nicaragua [4] - The company aims to deliver sustainable value through responsible operations and a disciplined growth approach [4] - Calibre has a strong balance sheet and a proven management team, positioning it for significant value creation [4]

Core Viewpoint - Calibre Mining Corp. has received approval from its shareholders and optionholders for a business combination with Equinox Gold Corp., which will involve Equinox acquiring all outstanding shares of Calibre [1][2]. Group 1: Approval Details - The Arrangement was approved by 75.28% of votes cast by shareholders present at the meeting [2] - A combined vote from shareholders and optionholders resulted in 76.33% approval [2] - Excluding certain votes, 74.87% of shareholders present voted in favor of the Arrangement [2] Group 2: Next Steps - Following the approval, Calibre will seek a final order from the Supreme Court of British Columbia on May 6, 2025 [3] - The completion of the Arrangement is subject to regulatory approvals, including those from Canadian and Mexican authorities, as well as the Toronto Stock Exchange and NYSE American [3] - If all conditions are met, the Arrangement is expected to close by the end of Q2 2025 [3] Group 3: Company Overview - Calibre Mining Corp. is a mid-tier gold producer focused on the Americas, with operations in Canada, the USA, and Nicaragua [4] - The company aims to deliver sustainable value through responsible operations and a disciplined growth approach [4] - Calibre has a strong balance sheet and a proven management team, with significant development and exploration opportunities [4]

Market Overview - Markets experienced significant fluctuations in April, primarily influenced by changing trade news, including new tariffs announced by President Trump, which led to a sharp stock reaction [1] - The S&P 500 has seen five consecutive days of gains but remains down over 1% for the month, with investors now focusing on a week filled with corporate earnings and key economic data such as GDP, inflation, and jobs reports [1] Value Investing - In volatile market conditions, value investing is particularly relevant as value stocks, often trading below their true worth, can provide stability [2] - Investing in solid, undervalued companies is suggested as a safer strategy, with specific stocks highlighted for their high earnings yield [3] Earnings Yield Metric - Earnings yield, calculated as annual earnings per share (EPS) divided by market price, is a useful metric for identifying attractively valued stocks [4] - A higher earnings yield indicates undervaluation compared to stocks with lower yields, which are seen as overpriced [4] Stock Screening Criteria - A primary screening criterion for stock selection is an earnings yield greater than 10%, supplemented by estimated EPS growth for the next 12 months being greater than or equal to the S&P 500 [7] - Additional criteria include an average daily volume of at least 100,000 and a current price of $5 or more [8][9] Stock Recommendations - **Equinox Gold Corp. (EQX)**: A Canadian mining company with a projected earnings growth of 355% and 30.4% for 2025 and 2026, respectively, and a Zacks Rank 1 [10][11] - **NCR Atleos Corp (NATL)**: Provides digital banking solutions with an estimated earnings growth of 24.5% and 22.4% for 2025 and 2026, respectively, also holding a Zacks Rank 1 [12][13] - **AerSale Corp (ASLE)**: Offers aviation products and services with projected earnings growth of 289% and 23% for 2025 and 2026, respectively, and a Zacks Rank 1 [14][15] - **Qifu Technology, Inc. (QFIN)**: An AI-driven Credit-Tech platform with expected earnings growth of 22.4% and 12.12% for 2025 and 2026, respectively, and a Zacks Rank 1 [16][17]

Equinox Gold to Announce First Quarter Financial and Operating Results on May 7, 2025April 28, 2025 7:30 AM EDT | Source: Equinox Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) will announce its unaudited financial and operating results for the three months ended March 31, 2025 on Wednesday, May 7, 2025, after market close. Equinox Gold will host a conference call and webcast to discuss the results the following mor ...

Core Insights - Three stocks with strong momentum and buy rankings are highlighted for investors: Equinox Gold, MainStreet Bank, and Vinci [1][2][3][4] Equinox Gold - Engages in the acquisition, exploration, and development of mineral deposits - Holds a Zacks Rank of 1 (Strong Buy) with a 11% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - Shares increased by 19.9% over the last three months, outperforming the S&P 500, which declined by 8.8% [2] - Possesses a Momentum Score of A [2] MainStreet Bank - A full-service bank providing deposits, loans, and other services to the public - Also holds a Zacks Rank of 1 with a 60.9% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - Shares gained 10.1% over the last three months, again outperforming the S&P 500's decline of 8.8% [3] - Possesses a Momentum Score of A [3] Vinci - Engaged in the construction of buildings and civil structures - Holds a Zacks Rank of 1 with a 5.7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - Shares increased by 28.3% over the last three months, significantly outperforming the S&P 500's decline of 8.8% [4] - Possesses a Momentum Score of A [4]

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Equinox Gold (EQX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Equinox Gold is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 ...

Core Viewpoint - Equinox Gold and Calibre Mining have amended their arrangement agreement for a proposed business combination, with shareholder meetings adjourned to May 1, 2025, to allow time for consideration of the amended terms [1][3]. Summary by Sections Transaction Details - Under the amended agreement, Calibre shareholders will receive 0.35 Equinox Gold shares for each Calibre share held, representing a 10% premium over Calibre's closing price on February 21, 2025 [2]. - Post-transaction, Equinox Gold shareholders will own approximately 61% and former Calibre shareholders will own about 39% of the combined company on a fully diluted basis [2]. Shareholder Meetings - Both companies have postponed their shareholder meetings originally scheduled for April 24, 2025, to May 1, 2025, to provide additional time for shareholders to consider the amended agreement [3][6]. - The record date for determining eligible shareholders remains March 18, 2025, with the deadline for submitting proxies extended to May 1, 2025, for Equinox Gold and April 29, 2025, for Calibre [5]. Management Commentary - Greg Smith, President & CEO of Equinox Gold, stated that the transaction aims to create a major gold producer with the potential to produce over 1.2 million ounces of gold annually from mining-friendly jurisdictions [4]. - Darren Hall, President & CEO of Calibre, emphasized that the combination will generate more shareholder value than either company could achieve independently, positioning the combined entity as the second largest gold producer in Canada and among the top 15 globally [4]. Voting Support - Preliminary voting results indicate overwhelming support for the transaction, with nearly 70% of Equinox Gold shares voted in favor [8]. - Calibre's board of directors has unanimously recommended that securityholders vote in favor of the transaction [11]. Additional Information - Equinox Gold shareholders who have already voted in support of the transaction are not required to take further action, while those wishing to change their vote can follow the instructions provided in the information circular [12]. - Calibre securityholders are similarly encouraged to vote as soon as possible, with additional support from a large long-term shareholder who holds approximately 2.23% of Calibre's outstanding shares [19].