C $1.0 Billion
Calibre’s Senior Leadership and founding board members have a track record of success in the mining industry. Previous success was Newmarket gold, founded by Doug Forster and Blayne Johnson, the Company discovered one of the highest grade underground mines in the world Fosterville in Australia. The team went on to merge the Company with Kirkland Lake Gold to form a new high quality diversified mid-tier gold producers.
Newmarket’s market capitalization increased from ~C$10 million in 2015 until it was sold in late 2016 (after 14 months) for C$1.0 billion to Kirkland Lake Gold.