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.

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Calibre Mining Corp > Short Covering

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Post by geezer21on Feb 04, 2024 11:01pm

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Post# 35862377

Short Covering

The current 11,748,709 share short a majority put on in a knee jerk reaction when the merger with Marathon was announced last year will likely have to cover now that the market recognizes the merger is acrretive beneficial to shareholders and the share price is now trending up since the deal closed.

With the reversal in the share price into an uptrend shorts will be forced to cover giving more imputus to a rise in the share price.

https://www.canadianinsider.com/short-report?ticker=CXB

https://stockcharts.com/h-sc/ui

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