Calibre Mining Corp T.CXB

Alternate Symbol(s): CXBMF

Metals & Mining Gold

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

Calibre Mining Corp > New Press Release - Calibre and Marathon Announce Combination to Create a High-Growth, Cash Flow Focused, Mid-Tier Gold Producer in the Americas with Expected Annual Production of 500,000 ounces

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Comment by Tadon Nov 13, 2023 11:50am

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Post# 35732072

RE:New Press Release - Calibre and Marathon Announce Combination to Create a High-Growth, Cash Flow Focused, Mid-Tier Gold Producer in the Americas with Expected Annual Production of 500,000 ounces

This acquistion is a very good value deal for calibre

I remember speaking with Calibre V.P. Ryan King four years ago at PDAC about CXB's vision of becoming a 1/2 million ounce gold producer within five years.

It looks like they acheive that goal by 2025.

Even with the dilution, post merger this company is still dirt cheap when looking at Price to Earnings .

- 402,496,366 moz shares X 0.6164 = 248,098,760 shares issued
- 248,098,760 + 458,8328,290 cxb shares = 706,927,250 shares o/s after merger
- trailing 4 qtr net income for cxb US$87.5 million X 1.38 exchange rate = C$120.75 million
- C$120.75 million / 706,927,250 shares o/s post merger = C$0.17 / share - - at $1.20 current trading price p/e ratio of roughly 7 : 1 post merger -

Share price is still ridiculously cheap

Short positions should start covering in the near term now that potential dilution with another acquisition has occurred.

We should be some very big volume trading days over the coming weeks.

Slide Deck presentation of the merger :

https://www.calibremining.com/site/assets/files/7365/20231112_calibre_and_marathon_combination_marketing_presentation_final.pdf

GLTA !

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