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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 stockmysteron Sep 29, 2021 11:52am
83 Views
Post# 33937051

RE:RE:Exploration Drilling Update for Limon Mine Complex

RE:RE:Exploration Drilling Update for Limon Mine ComplexI would have to agree. The money has been sucked out of the gold sector and until it comes back this will drift lower. (Which could be years).The only news that I can see which would move the stock higher are the drill results with the jv Rio tinto. Otherwise I hope they can keep padding the bank about and at some point pay out a dividend to hold the shares. 6 million a quarter isn't enough to add to cash. It needs to be closer to 20 million. 80 k of drilling last year and now 100 k this year and not much to show for it except for the cost of drilling. Gold and gold companies are in a value trap and the POG will keep on sliding. Who would have thought for all the money poured into the economy and inflation at multi decade highs and gold is going down.
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