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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 nrschevy44on Jun 28, 2022 3:38pm
144 Views
Post# 34788446

RE:RE:RE:Take the risk

RE:RE:RE:Take the risk

Agreed, the reason this stock is collapsing has to be geo political risk. Daniel Oretega can't be trusted. I learned my lesson the hard way with "Gold Reserve." Initially things in Venezuela were good when they made their huge gold and copper discoveries, we even had a treaty with Venezuela to compensate foreign companies, if they got nationalized. Fat lot of good it did, the only ones rewarded were lawyers, and company executives. Hugo Chavez, and now Nicholas Maduro totally killed the "Golden Goose"!!!, many investors including myself were left holding the bag, and the project would have  been very good for the people of Venezuela, but now the countries economy is a total mess. They had the largest oil reserves in the world ( their oi exports, have totally collapsed), defaulted on debt, and still have major sanctions.   As a result they have turned to  bail outs from China, and good old Vladamir Putin.I think that most of the profits from the operations in Nicaragua have to be used for other more profitable mining operations  in poltically friendly countries. They are working that way, but it will take a lot of time, but that might cause Ortega to nationalize Calibre Mining as well. 

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