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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 > TD UPDATE
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Comment by kareadon Apr 11, 2024 2:57am
112 Views
Post# 35982688

RE:RE:RE:RE:RE:TD UPDATE

RE:RE:RE:RE:RE:TD UPDATESo far, the late 2021 Fiore acquisition has in fact been a bit of a dud. The original news release stated an anticipated 50,000 ounces per year. 2022 turned out to be 41,509 and in 2023 was 41,385. They have guided 2024 to be between 40,000 to 45,000, despite Q1 production being way low, at 6,760 ounces, with no explanation from the company as to the big drop.

Interestingly, an old Fiore news release from 2021 states that the Gold Rock asset would be in production by late 2024. We had three drill result news releases regarding Gold Rock in 2022, but nothing since. Calibre's own website states "Expected gold ounce production at Gold Rock, in combination with Pan, could potentially organically bring production in Nevada over 100,000 ounces annually." So... what's going on in Nevada? 
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