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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

Post by Stratocheifon Jun 27, 2022 5:58pm
239 Views
Post# 34785912

Take the risk

Take the riskNicaraguapolitical risk update (including some mining this time) In March this year we ran a small series of political risk updates on the worsening conditions for human rights under the dictator Daniel Ortega of Nicaragua, documenting how his increasingly authoritarian government was closing down press outlets, hundreds of NGOs and arresting people speaking out against the oppressive regime. Recently, Nicaragua has been the centre of a small political storm when the USA (as hosts this year) uninvited Ortega and his government from the upcoming Organization of American States (OAS) summit in June. For a while, the US move threatened to see other countries boycotting the event until Nicaragua said that it wasnt even interested in attending (thereby letting AMLO of Mexico and Arce of Bolivia, among others, off a hook of their own making). However, the latest news from Nicaragua has its mining industry as backdrop. Two weeks ago, the regional Catholic bishop, Monseor Rolando lvarez, spoke out at an assembly mass and decried the development of the Pavon mining project located in his diocese at the nearby town of Rancho Grande. The project, owned and developed by Calibre Mining (CXB.to), is now in feasibility stage and nearing the moment when EIA and construction permits are set to be awarded. It is highly unpopular in the zone and historically opposed by the local population, even to the point when a few years ago Daniel Ortega (via his wife) agreed with locals and told the previous operators, B2Gold, to shut down development.
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