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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

Comment by edxon May 12, 2021 3:50pm
363 Views
Post# 33184766

RE:RE:RE:RE:RE:CXB drilling update - includes 13.35 gpt AU over 3.2 meters

RE:RE:RE:RE:RE:CXB drilling update - includes 13.35 gpt AU over 3.2 metersAgreed. New production this year from new mines was not included in 2021 guidance. I am thinking 200k ozs this year is in the cards. And if Eastern Borosi delivers, the high grades there with the already available mill capacity you mentioned mean Calibre could hit a monthly production rate sufficient to support 250k ozs per year sometime in 2022 with 20+ years of resource. And they'll constantly be converting resource to reserves until then.

CXB, like a lot of miners at this stage get valued by many on reserves instead of resource and with only 800k ozs in reserve and 17 rigs turning the story is going to get really interesting really soon.




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