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.

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Calibre Mining Corp > Seeking Alpha Article

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Comment by geezer21on Nov 18, 2022 4:32am

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Post# 35109441

RE:Seeking Alpha Article

Calibre is one of the top performing miners. It is on track to produce 220 to 235 ounces. As of H2 it has a profit margin of 11.32, a p/e of 5.9, and a price to book of just 0.61 making it one of the most undervalused gold miners.

Calibre in Q3 increased capital spending to accelerate growth and is on tract to meet cost projections.

From the Q3 report:

VANCOUVER, British Columbia, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) announces financial and operating results for the three and nine months ended September 30, 2022 (“Q3 2022”). Consolidated financial statements and management discussion and analysis can be found at www.sedar.com and the Company’s website, www.calibremining.com . All figures are expressed in U.S. dollars.

Year-to-Date (“YTD”) 2022 Highlights

Gold sales of 161,530 ounces grossing $296.0 million in revenue, at an average realized gold price of $1,833/oz;
Consolidated Total Cash Costs (“TCC”) ¹ of $1,141; Nicaragua $1,059/oz & Nevada $1,491/oz;
Consolidated All-In Sustaining Costs (“AISC”) ¹ of $1,268; Nicaragua $1,141/oz & Nevada $1,503/oz;
Cash flow from operations of $68.6 million;
Adjusted net income ² of $38.5 million, or $0.09 per share;
Considerable progress made at the Eastern Borosi Project (“EBP”) including the receipt of mining permits in October 2022 ( news release dated October 28, 2022 ), the advancement of road upgrades, site development, and purchase of new mining fleet;
Continuous expansion of the high-grade gold discovery along strike at Panteon North within the Limon Complex ( news release dated September 7, 2022 );
Drill results at the Pan mine demonstrate strong expansion potential ( news release dated August 17, 2022 );
Receipt of environmental permit to develop the Pavon Central open pit during Q2 2022, on track for production in 2023 ( news release dated June 16, 2022 ); and
On track to meet 2022 consolidated production guidance of 220,000 – 235,000 ounces gold and announced the 2023/2024 grade driven, increasing production outlook during Q2 2022 ( news release dated June 22, 2022 ).

Q3 2022 Key Results

Gold sales of 49,260 ounces grossing $85.2 million in revenue, at an average realized gold price ¹ of $1,730/oz;
Strong Nicaragua TCC and AISC of $1,035 and $1,122 per ounce respectively;
Consolidated TCC ¹ and AISC ¹ of $1,188 and $1,322 per ounce, respectively; and
Adjusted net income ² of $6.6 million or $0.01 per basic share.