The Globe and Mail reports in its Wednesday, March 20, edition that Stifel analyst Ingrid Rico has commenced coverage on Calibre Mining with a "buy" recommendation and a share target of $2.25. The Globe's David Leeder writes that analysts on average target the shares at $2.35. Ms. Rico says in a note: Calibre is on its way to becoming a diversified mid-tier gold producer with production increasing to nearly 500,000 ounces in 2026. Calibre has been delivering consistent year-over-year production growth since 2019, and we forecast a continuation of that trend in 2024 and towards the 400-500koz production range in 2025-2026. ... We anticipate the 22-per-cent potential upside to our target price to be realized as the company continues to derisk its Valentine Gold project with remaining construction taking the new mine to production in H1 2025. Management has a proven track record of execution that supports our belief that this team will be able to deliver the next phase of execution toward a mid-tier status. We believe diversification of cash flow and asset base are elements that make Calibre Mining poised for valuation rerate." Ms. Rico notes that Calibre has a "track record of execution and operating success."