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Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.


TSX:CXB - Post by User

Post by Vinnie3on Oct 25, 2022 1:25pm
210 Views
Post# 35047276

This is maybe why?

This is maybe why?I found this in a French european  newspaper , it does not apply directly but how do we check if CXB having a US operation cannot now deal in nicaragua....like the banks, are gold companies caught in the same bind maybe yes maybe no....Here is the excerpt:

US sanctions aim to freeze any assets those designated have under US jurisdiction and forbid any US individuals or companies -- including international banks with US operations -- to do business with them, effectively limiting their access to global financial networks.

We have to check the legislation and see if CXB is deemd a US company for purposes of this sanction on gold as opposed to banks. Please someone find the exact wording of the new legislation and look for those kinds of words

 
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